This article was developed as part of Till’s partnership with EVERFI, Inc.
It’s time for a mid-year check-in on new year resolutions for self-improvement. It’s never too late to prioritize your financial wellness or re-calibrate goals you set in January.
Ready to up your finances? Read on.
- Make a Budget and Stick to it. Budgeting is one of most effective ways to manage your money. Creating and monitoring a budget allows you to track your expenses, adapt to changes, and achieve your financial milestones. Budgeting can also help you save for emergencies and plan for the long run – including retirement.
Use an online budget building tool to break your budget down into simple, easy steps and get started: Click Here
2. Build Your Emergency Savings. Unexpected expenses happen more often than we like to think. According to a 2018 Bankrate study, less than half of Americans are not financially prepared to cover the expenses that come with emergencies, such as illness, job loss, or even home and auto repairs.
Get more information on the immediate steps you can take this year to start and grow your savings: Learn More
3. Plan for Your Retirement Now. Less than half of Americans take the steps needed to set themselves up for a secure retirement. While saving for the future is easy to put off in favor of more immediate needs, the earlier you start, the more opportunity you’ll have to grow your savings over time.
There’s no better time than now to start planning for retirement. Learn about options, like IRAs and 401(k) plans, with our free retirement education: Retirement 101
- Get Ahead of Your Taxes. Taxes are confusing, and many people get bogged down by complex terms and lengthy paperwork. However, doing your taxes doesn’t need to be a source of anxiety. In fact, getting ahead of your taxes can reap many benefits, including lowering stress and having early access to a refund for year-long planning.
Make filing your taxes a breeze with tips from our 5 minute interactive learning module: Click Here
5. Take Control of Your Credit. Your credit score can have significant impacts on your financial security and flexibility. Yet, many people have never had the opportunity to learn what a credit score is, what factors impact a credit score, and what actions they can take to make sure their score is healthy.
Take a few minutes to understand the factors that impact your credit score and you’ll be well on your way to building a more secure financial future: Take Control
No matter the time of year, do a quick check of your financial health and progress towards goals and make adjustments as needed.
Registered users can access our entire library of financial education topics through the online dashboard at www.HelloTill.com.