Truity Credit Union Blog

As a new year approaches, countless individuals set out to make positive changes through New Year’s resolutions.

Many of these goals center around health, from increased physical activity and weight loss to quitting smoking. Interestingly, studies reveal that around 45% of people make such resolutions, with the majority prioritizing their well-being.

LOSE WEIGHT - TRIM THE FAT FROM YOUR BUDGET!

Just as people aim to shed those extra holiday pounds, you too can strive to trim your budget and save money. Sit down with your spouse and review your weekly spending habits. Identify areas where you can cut back without sacrificing things you enjoy, such as groceries and eating out. Don’t try to give up everything at once. Start slowly by reducing expenses, just as you would when working out.

FAMILY TIME - MAKE A WILL

Spend time with loved ones and make sure your finances are in order. Creating a will can ensure your family doesn’t have to worry about bill collectors and lawyers if you pass away unexpectedly. Schedule an appointment with an estate planning attorney to create a will. It’s a quick process that provides you and your family peace of mind.

GET HEALTHY - START INVESTING

Investing in your financial future is as important as eating right and caring for yourself. Plan for retirement by maximizing your IRA contributions or similar retirement accounts. It may seem overwhelming, but breaking it into smaller monthly contributions can make the process more manageable.

CUT DOWN ON STRESS - SAVE FOR SIGNIFICANT EVENTS

Stress is a big-time killer. It shortens your life and makes the remainder less fun to live. Taking time for yourself and your family can improve your life dramatically.

The holidays are an expensive time of year. Many families finance their gift-giving with credit cards, and that bill will come due in the next few weeks. Talk about stress! Starting the new year in a financial hole can hamper your plans to live a stress-free year.

Instead of beating yourself up about it, resolve to do better next year. Start a holiday club account with us. Make regular deposits to a dividend-bearing account like our Name It Save It account, so you’ll have the money to pay for the next round of holidays yourself. It might not do much for this year, but you’ll be thanking yourself in the coming year.