It's a New Year and a chance for you to get financially stable for you and your loved ones. Regardless of your age or stage of life, there is always room for improvement. Read on for a list of financial goals for each month of 2022 to keep these tasks manageable. Don't wait, get started now!

January: Get a Copy of Your Credit Reports – Mistakes on your credit report can greatly affect your overall credit score. Visit www.annualcreditreport.com for a copy of your credit report at no cost to you from a trusted source.

February: Set-Up an Emergency Fund – If possible, start off with $50-$100 per month and increase it over time. Visit us online to open your account and setup regular deposits or transfers, which is a guaranteed way to save.

March: Start a Financial Diary – Write down every penny and track expenses for one month. This will help you discover what you’re actually spending as opposed to what you think you’re spending; then modify your spending as needed. Click HERE and HERE to get started.

April: Determine a Monthly Budget – Now that you can see what you’re spending each month, you’ll be able to set a realistic monthly budget where you spend only what you need; treat yourself occasionally on things you want as well.

May: Choose a Debt Payment Plan – Late payments stay on your credit report for seven years, so a realistic debt payment plan will improve your credit score. Payoff your lower balanced debts first and then apply those monthly payments towards the higher balance debts. The Debt Snowball is a very successful strategy for paying off debt. 

June: Search for an Additional Income Stream – Whether you drive for Uber, deliver pizza a few nights a week, or you’re a weekend warrior working in a restaurant, these side hustles can provide additional income and a pathway to achieving your list of financial goals. 

July: Save for Your Retirement – Setting up an Individual Retirement Account will enable you to save as much money as you need to retire comfortably. Contact us to review your options and learn more about our retirement accounts.

August: Reduce Your Credit Utilization – An important factor for improving your credit score is to keep a close eye on your credit limit. If your credit card balance is more than 30% of your credit limit, your credit score could end up suffering.

September: Find a Rewards Credit Card – If you’re going to be a credit card holder, you may as well choose one that offers additional benefits. Always search for a Credit Card that offers a No Annual Fee. If you’re able to earn points for each purchase, even better. Best Reward offers exactly that. Visit us online to apply for your VISA Credit Card today!

October: Find More Suitable Insurance Options – Having the insurance you need to provide that "security blanket" will benefit you greatly in the long term. Visit us online to view our supplemental insurance options with exclusive saving.

November: Draw up a Long-Term Financial Timeline – Determine when you want to purchase a home, when it’s time for a new car, when you’ll need to start paying back your school loans, etc. That way, you can plan, save, and actually achieve your financial goals without feeling pressured.

December: Stick to Your Holiday Budget – Reduce the stress by coming up with a holiday budget and sticking to it. Don’t put yourself in unnecessary debt, because everyone else is doing it. Open a Christmas Club today and be prepared.