New Year, New Credit

With the start of the New Year comes the excitement of New Year’s Resolutions and new beginnings. However when January credit card bills start arriving, it can also bring stress and concern.

We suggest starting 2015 off with having a credit resolution! Having a goal for your money will help you make smart spending choices throughout the year. For instance, we all know how much money we earn in a month. However, how many of us know how much we spend?

Getting organized does not have to be a daunting process of paperwork and reviewing single every bill. We find that it is the little steps that make a big difference, such as setting calendar reminders with your bill due dates for every month.

Another helpful financial tip is to set regular automatic payment transfers via online banking. This way, you won’t ever have to worry about making late payments. You can also sign up for automatic text and email reminders from your credit card providers for detailed bill amounts.

Most importantly, make a spending plan and stick to it! There are many helpful tools online to track your spending. If you prefer writing things down, you can make it as simple as making notes in a small note book or entering what you spend in an excel work sheet. By making just a few small changes with your financial health, you will reap the rewards. Here’s a great new year and improved credit habits!