Thursday, January 17, 2013

Jumpstart your Financial Fitness!

With financial fitness as our 2013 goal, we’re committed to providing you with ways in which you can become more financially fit yourself.  As mentioned previously, financial fitness requires conscious thinking – but with small changes here and there, we’re confident you’ll begin to feel more ‘fit’.  Here are a few of the many ways to kick-off your own financial fitness…

1.  Create a Budget (or revise the one you have!)
This can be as big or as small as you’re willing to make it.  You could have a yearly, quarterly, monthly, weekly, or daily budget for yourself.  We recommend starting one week at a time and seeing how you do.  Be realistic, but be diligent! There are thousands of budgeting tips (charts, methods, etc.) out there if you’re looking for a place to start.

2. Reduce Debt if Possible
This can be a scary and difficult process, so it's OK to start small.  This way, you’ll feel more successful and be more willing to begin chipping away at any larger debts you may have.  Start out by making short term goals. Look for other ways to reduce your debt, like consolidating credit cards or refinancing loans.

3. Cut Corners where you Can
Look for small ways that can save you big in the long run.  Unplug appliances and electronics when they’re not being used, use coupons, brew your morning coffee at home, eat out less, avoid ATM fees, etc.

4. Be Proactive
Start saving now and you’ll thank yourself later! Take advantage of 401K programs, commit to putting a set amount in a savings fund each month, or collect your pocket change in a piggy bank.  You never know when a rainy day may come along, and some saving is better than no saving!

5. Ask for Help
It’s OK to ask for help, especially when it comes to things like your finances.  Seeing a financial advisor can take you leaps and bounds. Always use your resources!

Hopefully this short, but broad list gets you thinking about ways in which you can be more financially fit.  We’re always here for help, support, and encouragement! #PeopleHelpingPeople


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