We understand that not everyone is as passionate about financial literacy as we are, but since it’s so essential, we wanted to share five ways you can up your game on Financial Awareness Day (or any day)—all of which will leave you better off.
1. Organize Your Finances
Review your bank accounts, loans, and bills to make sure you know where you stand on each. Look for things like fraudulent charges, autopayments for services you no longer use, outstanding balances that need to be paid, and ways to save.
If you don’t have one, open a savings account or certificate of deposit to help your savings grow faster. Also, make sure your checking account is doing all it can for you. With Cornerstone Plus, your checking account becomes a cost-saving, life-simplifying, all-around digital hero.
2. Set Goals
Think about what you want to accomplish financially in the next year, over the next five years, and beyond. Whether that includes buying a car or home, paying for college, retiring, or traveling, we offer the expertise and services to help you get there.
3. Enhance Your Financial Literacy
The more you understand about finances, the better you’ll be at managing them. We support financial literacy with free events for our customers and community. Keep an eye out for the financial literacy programs we offer at local schools and organizations.
4. Create a Budget
Financial success requires discipline, and a budget can help you stay on track. Determine how much money you have coming in each month, then list all your expenses. Review your expenses to determine which are must-haves (such as housing, food, medications, fuel), and which are nice-to-haves (such as entertainment, subscriptions, dinners out). The goal is to have your monthly income cover your essentials and a few treats, while also saving enough to help you reach your financial goals.
5. Schedule Quarterly Reviews
There is no “set-it-and-forget-it” option for your financial plan, so put time on your schedule at least once a quarter to review your finances and budget and to progress toward your goals. Make adjustments as needed, based on changes in your circumstances or goals and the economy.
In Your Corner
Wherever you are on your financial journey, we have the tools, products, expert advice, and resources to help you take the next steps. Reach out or visit one of our branches to get started.
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