Get Fit, Financially
You would never run a marathon without building up the strength, endurance and mental stamina needed to cross the finish line. Reaching fitness goals requires training and dedication. The same is true for financial fitness. If you have financial goals, you’re much more likely to reach them if you acquire and practice the fundamentals of financial fitness.
Set a training plan with a sound budget. Creating a budget is an important step because it helps you to understand where your money comes from and how you spend it. Once you understand your finances, you can make choices that help you reach your goals.
Set a training plan with a sound budget. Creating a budget is an important step because it helps you to understand where your money comes from and how you spend it. Once you understand your finances, you can make choices that help you reach your goals.
- Fitness tip: Tackle one adjustment at a time. If you’re trying to save money, begin by looking for ways to cut spending that you won’t notice, like canceling unused subscriptions. Once you gain a little momentum, try setting up direct deposit from your paycheck to a savings account at Advancial.
- Fitness tip: You can view your credit score free of charge every year from each of the three credit bureaus. Check your credit report for discrepancies, and look for ways to improve your score.
- Fitness tip: One strategy to pay down debt is to transfer high-rate credit card balances to a new credit card with a lower rate and 0% intro period. With Visa® Rewards Plus from Advancial, there’s no balance transfer fee, and you’ll get a 12-month intro period of 0% interest. After that, you’ll enjoy a low rate of 8.90%-14.90% based on creditworthiness.
- Fitness tip: Consider this recommended amount as a guideline, but any amount of savings is better than nothing. Start building slowly and work toward a goal that you are comfortable with.