January 1st marks the calendar as a day for “new beginnings.” For so long now, New Years Day is viewed as a chance to start fresh, clean your slate, make new for yourself. Have you set your New Year’s Resolution yet? Are you determined to stick with your goals for 365 days?
Financial goals are ever-popular for many each year. There are no constants with the economy, time or your life, which means your financial needs are rarely constant either. If you haven’t set a New Year’s Resolution, or think you have room for one more, here are some to consider:
- Budget Better. Create a monthly budget. This sense of “writing down” your goals will make you more accountable to yourself. Also, making it a monthly guide will allow you to better manage and follow it. The Arvest Spending Card is a good option for helping you stick with your budget and keep you from over-spending.
- Save Money. A first step for this is to take a good look at where you can cut spending. Next, set up a financial savings plan. Arvest has a variety of savings options, such as savings accounts and money markets, that you may consider adding to reinforce your savings plan.
- Pay Off Debt. You will fill a sense of relief once that weight lifted off your shoulders. CBSNews.com says “the secret to paying off debt quickly is to know that some debts are more expensive than others.” Debts with higher interest rates are debts you want to pay off first.
- Save for Your Child’s Education. As mentioned before, savings accounts and money markets are a good start for a financial savings plan. For a specific savings option tailored to college savings, Arvest offers investment plans such as 529 College Savings Plans and Coverdell Education Savings Accounts that will get your child on the road to a great education.
- Invest in Identity Theft Protection. As the fastest growing crime in America with over 11 million victims in 2009, identity theft insurance has become nearly a must. Arvest now offers Family IDProtect™ with many checking accounts, such as myBlue™ checking. With not knowing what the year ahead holds, protecting yourself and your family from identity theft is great way to begin 2012.
- Go Green! You know the drill—Recycle, Reduce, Reuse. If this is the New Year’s Resolution for you, sign up for e.Statements. It’s simple and easy to sign up for, and by doing so, you’re automatically reducing paper.
We want to hear about your financial New Year’s Resolutions. Click the “Comments” link below this blog article to share with us and others what your financial goals are for 2012.
From all at Arvest, we hope you have a safe and prosperous 2012!
(By clicking on external links, please be aware you will be leaving the Arvest website.)