There are 3 super easy things individuals in families can do for making September a Financial ‘Self-Care’ Month.
Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison.Â
Sitting down and processing these 3 things will help your Financial Self Care!
 1. Savings:
-
How much is currently in the savings account?
- Is it 3 months’ worth or more of living expenses in case there is a job loss, quarantine or emergency?
- If not, make a plan. and ACT!
- ACT by opening a savings account (more than 1 is fine)
- Set up a reoccurring transfer or payment from your checking after receiving a paycheck and put a portion into that “Emergency Living Expense” savings account.
- ACT by opening a savings account (more than 1 is fine)
- If not, make a plan. and ACT!
- Is it 3 months’ worth or more of living expenses in case there is a job loss, quarantine or emergency?
2. Managing Debt: 
- How many credit cards are active?
- What are the current balances across these cards and do all of them need to be open and active?
- How can I start to eliminate debt?
- Consolidate it, save more, get a different or second jobt, have a garage sale or post no longer needed items for sale online.
- Talk with a local banker to find out how to potentially qualify for a loan.
- Consolidate it, save more, get a different or second jobt, have a garage sale or post no longer needed items for sale online.
- How can I start to eliminate debt?
- What are the current balances across these cards and do all of them need to be open and active?
3. Retirement
- Am I planning for my 60s, 70s, and beyond?
- Am I contributing to an individual retirement account (IRA)?
Taking time to self care for your financial situation can be assisted with the help of your local banker. Let this be a September Financial ‘Self-Care’ month.
First National Bank of Dennison is able to address these personal self-care needs such as:
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