New Year, New Financial Goals!
It’s resolution time again. We often focus our resolutions on getting healthier or finding daily fulfillment, but don’t let it stop there. Creating clear goals to organize your finances can help you make milestone purchases, plan exciting trips, pay off loans, update your home, and much more. But where do you start?
Utilize Free Resources to Organize Your Finances
While it may seem like a no-brainer, many people don’t take advantage of all the helpful resources available to them to improve their financial future. Free tools from your local credit union or a bank are an effective way to learn about your finances and make banking processes easier.
Here are resources White River Credit Union offers to support your financial goals:
- Virtual banking platforms like MyCardRules and MobileWallet allow members to check in, make payments, and adjust their accounts from their phones.
- White River Credit Union’s webinars and blogs educate on several financial topics to help members make informed decisions.
- Free comprehensive credit score reports with Credit Sense can be found here, on WRCU’s online banking or the mobile app.
- Ask any financial questions you have at the WRCU branch, and our team would be happy to meet with you. If you’d rather connect another way, you’re welcome to reach out via call, text, or email.
Let’s Talk About Improving Your Credit Score
A checklist of action items for improving your credit score is a great next step in your financial resolution journey. Any credit score report should call out your problem areas, giving you the information needed to organize your finances.
Here are a few standard practices that help people improve their credit scores:
- Try your absolute hardest to make all your payments on-time.
- Limit the number of times you apply for new accounts, credit cards, etc.
- Paying off a high bank balance (even if it’s not due) can improve your credit score. Of course, we only recommend doing this if your budget allows it.
- Don’t just look at your bank account. Think of all your payments on medical bills, student loans, car loans, etc. These all influence your credit score.
- If your negative credit history is impacting your current credit score, speak with a professional. Advice is generally free, so take advantage of it.
We’re in This Together, Buddy
While we love offering convenient ways to bank from anywhere, we also pride ourselves on developing personal connections with our members. White River Credit Union is always here for financial advice as you organize your finances in the new year. If you don’t have time to swing by and see us, use our contact page to reach out via phone, email, or the contact form. Cheers to 2023!