With the holiday season in our midst, it's easy to feel the burden of financial stress. Don’t forget that even if your cash flow can’t meet the demands of the holiday glitz, gifts, and parties that Alive Credit Union has your back. Come in any time to speak with our Member Services team about how we can consolidate your debt with a Home Equity Line of Credit, enroll in a savings plan, and get financially fit long after the holidays.
1.) Take stock of your finances. Take account of all your income, expenses, and existing savings/investment accounts. And no matter how nice you were, don’t forget to include any naughty debts you may have incurred in the spirit of the season.
2. Sketch out a budget “template” for the year to come. Think big picture. Plan your holiday spending for 2016 with this handy worksheet from America Saves and find the method for budgeting that you’re going to use in 2017, and rough out what you’d like it to look like from month to month. Be pragmatic about your needs and be honest about where your money is going. Plan to make adjustments and really dig into your spending habits when you check back in on a regular basis.