Financial Resolutions you Should Have this Year
Making New Year’s resolutions can be overwhelming, time consuming, and feel unattainable, but they don’t always have to be that way. By setting clear goals and determining the steps you need to take to achieve them, you’ll be more likely to follow through. To accomplish your financial goals in 2020, try these three, simple resolutions that only require making minor adjustments to what you’re doing while still offering you major advantages.
Create an Emergency Fund.
According to the Financial Industry Regulatory Authority, almost half of Americans do not have a rainy-day fund. As a rule of thumb, you should keep at least three months’ pay in an emergency fund to ensure you’re prepared in the case of an unexpected event such as unemployment or medical expenses.
If you’re looking for an easy way to start saving money quickly, consider opening a Kasasa Saver account with us. By allocating 10% of your paycheck to transfer into your savings account you can begin slowly building up your fund while earning interest on your money. You can even connect your Kasasa Saver account to your Kasasa Cash or Kasasa Cash Back checking account, so your dividend rewards and ATM fee refunds can grow automatically!
Pay Bills Right After Payday.
Make it a habit in 2020 to write your checks and submit your payments as soon as you receive your bills. In doing so, your monthly obligations will be taken care of, and you will know exactly how much money you’ve got left over to spend for the month. If you struggle remembering to pay your bills, try Cornerstone Bank’s free bill pay service, CSB.ePay.
With CSB.ePay you can set up automatic bill payments to your cable provider, electricity company, etc. to ensure you’re never late for a payment again. This will allow you to avoid late fees and save time by not having to visit multiple pay sites every month. Additionally, paying your bills early will improve your credit utilization, thus raising your credit score, by reducing the balance listed on your monthly statement. Paying bills immediately is one of the most helpful budgeting strategies you’ll find.
Open a high interest checking account.
Having a high interest checking account is one of the best ways to earn money without putting forth effort. Kasasa Cash checking at Cornerstone Bank offers a great interest rate and it’s totally free. Why not make money without having to lift a finger? Call a Cornerstone Bank representative or visit any of our convenient locations to set up your Kasasa Cash checking account today and earn the high interest you deserve. More questions about Kasasa? Visit our checking accounts page.