How to Make the Most of Financial Wellness Month

Ready to get started on your financial wellness journey, but not sure where to begin? Here are some tips for getting on track:

Create a plan: Itemize your expenses (all of them––including the nonessential ones) and look for opportunities to cut back.

Keep chipping away at your debt: In a perfect world, everyone would be able to pay their debt off every month. If you aren’t quite there yet, that’s okay! Just be sure to stay on top of those monthly payments.

Write your financial goals down: As it happens, what they say is true – we are far more likely to achieve the goals we write down than those we don’t!

Check in on your subscriptions: Are you still using each of the services you’ve subscribed to in your lifetime? Probably not––take an inventory and see which ones you can take off your list!

Build an emergency fund: It’s never too late to start preparing for life’s unexpected costs––commit to putting a predetermined percentage of every paycheck into your emergency fund.

Don’t procrastinate: Prepare your tax paperwork, apply for FAFSA, and research college scholarships this month.

Partner up: Find an accountability partner to tackle Financial Wellness Month with, and keep it going all year-round!

Set up auto-transfers: Don’t rely on yourself to transfer funds to savings. Set up automatic transfers with your banking institution and choose exactly how much money from each paycheck should be routed where.

Review and revise your plan: Go over your financial wellness plan at the end of each month. Where can you make improvements? Are you taking any unnecessary steps, or forgetting pertinent ones?

Enjoy financial peace of mind this month and every month with financial wellness! Let’s live grand, together.