Financial Resolutions to Keep All Year Long with Second Chance Banking in Las Vegas
Lose weight, exercise more, and join a gym are three of the most popular New Year’s resolutions. There’s no denying they’re all good goals for your personal health, but what about your financial well-being? Financial resolutions are some of the toughest to stick to, but if you choose the right ones – and pick the right tools – come next December you should see a positive difference in your finances. What’s the secret to success? Having well-crafted, specific goals that keep you motivated. So, start 2017 off fresh with second chance banking in Las Vegas.
Resolve to Stay Positive
State your goals in a positive way. For example, instead of saying “I’ll resist impulse purchases,” say “I will spend my money only on things I truly value and need.”
Resolve to Stay Focused
New Year’s resolutions tend to inspire people to make major overhauls, but small, focused steps will serve you better in the long run. Choose three things that really matter to your financial health and put your time and effort into achieving them. Automation is a great way to do this. For example, set up automatic transfers between checking and savings accounts, or have home or school loan payments made automatically from your checking account.
Resolve to Be Specific
Many financial advisors suggest their clients take a cue from the business world and use SMART goals: Specific, Measurable, Achievable, Realistic, and Time-Bound. When you hone in on specific, measurable goals, you’re able to celebrate small wins which, in turn, keep you motivated to continue with your new healthy financial habits. If your goal is to pay off $2000 of personal credit card debt, resolve to make ten $250 payments (considering interest and fees) and each month remind yourself how few months are left before it’s paid off completely.
Resolve to be Realistic
The best financial resolutions are those that stay within reach. Writing goals down is an excellent way to be realistic about what you can accomplish in a given period. Ask yourself: if you owe $5000 in student loans, does your income and other living expenses realistically allow for $500 payments per month?
Second Chance Banking Accounts
If one of your resolutions is to take steps to recover from a serious financial or credit setback, find a Las Vegas credit union that offers “second chance” checking accounts. These accounts give people a second shot at traditional banking. While they don’t have all the services that come with regular checking accounts, they often let you upgrade to one within six months to a year. Keep in mind, second chance checking accounts help improve your banking history, they don’t rebuild credit.
Where to Find Second Chance Banking in Las Vegas
CCCU is proud to offer its members second chance banking accounts in Las Vegas. If you’d like to learn more about this and other services we offer, or if you want to learn more about setting and achieving your New Year’s financial resolutions, call us today at 702-228-2228.