Is your New Year’s Resolution to be Financially Healthy?
If financial wellness is a part of your New Year’s resolution we have some tips and resources for you.
SavvyMoney
SavvyMoney is a free comprehensive credit reporting and monitoring program built within Nymeo’s Online Banking and Mobile App. This allows you to check your credit score and assess your financial health. It also has other functions including educational resources and articles to help you better understand credit and personal finance, empowering you to make smarter financial choices.
Money Matters
Nymeo has plenty of educational videos on a multitude of financial topics, including budgeting, credit, investing and more. These videos are quick and can help inform you on the topic and strategies to improve your financial health. Money Matters Educational Videos - Nymeo Federal Credit Union.
Budgeting
Budgeting is a key skill for financial health. If you find yourself struggling to manage your budget, there are plenty of apps and methods to help you. Nymeo also has resources available such as our Money Matters videos as well as budgeting specific Tutorial Tuesdays.
Saving/Emergency Fund
Life can be unpredictable and having savings is necessary to help alleviate any potential problems that may happen. An emergency fund should be able to cover six months of your expenses. You can start small each month, which will add up over time. This will give you not only financial health, but more financial freedom and wiggle room.
Financial Goals
Setting up financial goals and rewards may encourage you to practice financial wellness. See how much a product or trip would cost and save money towards that goal. This can help you get into the habit of saving money and make sure you experience life!
Conclusion
Practicing financial wellness will alleviate a lot of stress in your life. With 80% of New Year's Resolutions failing by mid-February, our friends at GreenPath have some advice that can help you set -and actually reach -financial goals in 2024! Register for this free webinar now: http://gpfw.so/85FD1E
Category: Credit & Budgeting
