Celebrate Financial Wellness Month
- Credit Union Education
- Money Management
It’s the new year, and January is Financial Wellness Month! We’re celebrating by offering our members resources and tips to gain financial security and freedom. Here are five easy things you can do to get started:
1. Know what’s coming in and going out.
Track your spending daily for a period of time, or look back on the past month and see where most of your money is going. This can help you eliminate unnecessary spending habits. Curious about how to prioritize? We've got a short video for you. Watch here.
2. Create a budget.
Now that you know where your money is going, it’s time to create a budget. Even if you had one last year, expenses and goals may have changed so it’s important to review and adjust. Having a budget can help you be more intentional with your spending. We even provide an easy Budget Worksheet to help you get started!
3. Pump up your savings.
Make the savings portion of your budget simple with automatic deposits! It's a lot easier to resist temptation if you put the money away immediately. Dominion Energy employees can use Payroll Deduction and choose where to sort your paycheck automatically. You can also transfer to savings on the go through digital banking.
4. Check your credit score.
Stay on top of your credit score and get tips on how to make it even better with our FREE Credit Score and More available within Digital Banking.
You can also get a free copy of your credit report each year from all three major credit bureaus by visiting AnnualCreditReport.com.
5. Pay down your debt.
There's nothing worse than too much debt or high interest rates looming over you. Enhance your financial wellness by learning how to manage your debt. You'll feel better with that weight lifted off you!