As you take a look back at 2019, you’re probably resolving to have better control over your finances in the New Year. From saving more to spending less, we’ve got your goals covered:
- Watch Your Credit Score
Many of us only look at our credit score once a year or when we’re looking to make a big purchase like a car or home. With AnnualCreditReport.com, you can take a look at your credit report from one of the credit reporting agencies: Equifax, TransUnion and Experian. You’re allowed one free report per agency per year. Or, sign up for websites like Nerd Wallet or Credit Karma to view your actual credit score. Sites like these often give you a weekly or monthly credit score update. Take a look at what affects your credit score.
- Cook at Home More
Whether it’s brewing a pot of coffee at home or making a nightly family dinner, homemade means more money in your pocket. The average American spends around $3,300 eating out and can spend up to $1,000 on coffee at a coffee shop like Starbucks per year. Try eating at home more and investing that money instead. Your waistline, wallet and future self will thank you!
- Vacation for Less
Sure, it’s easy to get vacation envy when you’re viewing your friends’ social media updates, but they don’t have to pay your bills, do they?! There are reasons staycations are becoming more popular – they’re cheaper and less stressful. If you really feel the need to get out of town our out of state, pick a destination within a few hours’ drive time. Gas is always less expensive than a plane ticket and rental car. Camping is also a fun and affordable alternative to a more expensive family destination vacation. If you can’t avoid a big vacation, be sure to shop the various travel sites to make sure you’re getting the best price for your flight, hotel and rental car. Planning ahead? You can open a WWFCU Vacation Savings Account and start saving today.
- Focus on Health
It’s not unusual for people to start a gym membership at the start of a New Year. Don’t waste your money. You can get healthy at home. Go for a walk or jog outside or find a used treadmill for colder months. Also, the internet – and more specifically YouTube – is chock full of exercise videos that use no or very little equipment. Taking the time now to get healthy will also help your finances in the long run thanks to potentially fewer medical bills and prescriptions.
Take the money you save with the above tips to either bulk up your savings account or whittle down your debt. Aren’t those great ways to start the New Year?