Summer has come to an end. We know. We’re sad to see it go, too. But already at night I’m sure you’ve noticed a substantial change in temperature. If you drive by the local high schools in the area, you’ll see football teams at practice for the upcoming season.
Maybe with the kids back to school you feel like you can find a little balance in your life.
Yes, we know, “balance” is a terrible pun for bankers. Today, however, we want to talk about balances. More specifically, we want to talk about managing your checking and savings account balances for the upcoming holiday season.
Christmas is around 115 days away. What if you started a savings plan today?
| Save per day for 115 days | $575 |
| Save $50 per week for 3 months | $750 |
| Save $100 per week for 3 months | $1500 |
| Save $150 per week for 3 months | $2250 |
Yes, we know things get pricey, and not everyone can afford to save that kind of money every week. But have you taken the time to ask yourself how much you can save per week?
If you haven’t, and you’re not very good at balancing out your bank accounts, try MiFi, a free Personal Financial Management tool offered through our Online Banking Platform.
Through MiFi, you can categorize your transactions into different groups. For example, if you spend money at Dillon’s, you tag it as the grocery store. You can then set a budget you plan to spend each month on groceries, and as you draw nearer to your limit, MiFi will text or email you to watch your spending.
You can categorize anything: utilities, entertainment, food, gas, et cetera.
And if you have holdings with other financial institutions, like IRAs or investment accounts, you can link them directly to MiFi, which will than keep an active tally of your personal wealth—assets and liabilities—throughout the year.
And who knows, you might just find you have extra money to set aside for Christmas presents!
To learn more about MyFi, follow this link, and scroll to the bottom of the page.
