Five Fall Financial Tips

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8.31.21

Five Fall Financial Tips


Do you know how much you spent in groceries last month? Or how about those weekly coffee trips? Little purchases can add up quickly and it’s important to know where your hard-earned money is going, especially as we head into peak holiday spending season.

Here are 5 financial tips to help you accomplish your financial goals:

Fall fixed expenses: This time of year come with a lot of expenses- from back-to-school, property taxes, home winterizing, holiday purchases and more. Saving up a little each month can help make things more manageable. Our Accumulator Savings account is designed just for that. Set-up an automatic deposit up to $3,000 each month, earn interest on your balance and see your savings grow.

Pay off debt: Take advantage of current low interest rates. We can help you refinance your car or mortgage as well as consolidate your credit card debt with a balance transfer.

Have an emergency plan in place: Life is unpredictable and unforeseen expenses can pop up at any time — whether that’s medical bills, car repairs or an appliance that stops working. Start by saving up to cover one month of fixed expenses and keep going from there. To get started, set-up an automatic transfer from your Provident checking account to your savings.

Self-evaluation: Make savings a priority and take a good honest look at your current spending habits. Cooking at home, cutting back on online spending, planning a staycation and prioritizing your savings goals are all ways to boost your savings and cut back on needless spending. Schedule a complimentary first-time appointment with one of our experienced financial consultants to help you make informed financial decisions.

Building sustainable habits:  Habits aren’t formed overnight, but you will be financially rewarded when you stick to a plan. Define your short-term and long-term savings goals and identify ways you can cut your spending. Creating and accomplishing your goals will put you on the road to financial independence.

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