It's Time to Put on Your Financial Manager Hat | First Volunteer Bank
A recent study suggests that four out of five American workers are living paycheck to paycheck. That’s a sobering statistic, but know that it is possible to live more comfortably, no matter what your income.
Our team at First Volunteer Bank wants to give you some financial tips on how you can start taking more control over your money—instead of your money controlling you.
Take Control of Your Money
The benefits of managing money more effectively are priceless, and even just small changes can make a big impact on your financial life.
Let’s take a look at some ways you can start making better financial decisions now and in the future:
What Are Your Financial Goals?
It’s one thing to have your goals in your head. But when you put them on paper, it is easier to be able to look and be reminded of them on a daily basis.
Therefore, create a vision board that has your finances as the focus. Perhaps you have a vacation in mind, or you want to become a homeowner sooner rather than later. Also, be sure to add retirement and an emergency fund to the wish list, as these might not be financial needs you think of now but will definitely need later.
Are You Lying to Yourself About Money?
Sometimes we are our own worst enemy when it comes to finances. Therefore, it is important that we all become more mindful about our purchases in order to get out of those bad financial habits.
Do you really need to grab coffee before work every morning? Do you have to eat out all week? No, you don’t. You may want to, but you don’t need to—and that is a key difference.
Are You Ready to Make a Change?
When it comes to your financial health, it can’t be all talk and no action. Therefore, you need to be honest with yourself and be ready to put your financial goals into action. While it might be hard at first, each day will get easier and easier!
Plus, you will enjoy less financial stress in the future taking care of these items now rather than later.
Are you looking for a place you feel safe keeping your financial assets? Look no further! Contact the team at First Volunteer Bank today to learn how we can help!