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5 Financial Resolutions for the New Year

Jan 3, 2017 | Blog

  1. Get on a budget-take charge of your finances by creating a budget. Start by calculating after-tax income and subtracting fixed monthly expenses. 
  2. Establish an Emergency Fund-Without a solid cushion, any unexpected job loss, medical challenge or serious property damage could lead to lasting financial hardship. An emergency fund with three to six months’ worth of expenses can protect your standard of living and offer peace of mind.
  3. Prepare for Retirement-Retirement may not be on the immediate horizon, but when the time comes it may well last 20 years or more.
  4. Improve your Credit-You likely know that credit scores affect financing approval and interest rates. Bu the influence of those three little numbers actually stretches much further.  Perspective employers and landlords frequently check credit, so low scores may mean missing out on the best jobs and apartments.
  5. Join a credit union! Credit unions typically have lower loan rates and higher dividends producing greater earnings. 

Start the year off right with a little help from Centric FCU!

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