Ring in the New Year with Smart Financial Resolutions
Anthony DaCosta, Senior Vice President and Director of Sales, Univest Bank and Trust Co.
Manage finances wisely is a popular
New Year’s resolution. But it can be
tough to stick to a goal this vague. Here
are some specific ways to help you be money-smart in 2014.
- Maintain an emergency fund. If you do not already have
a savings account, open one and set up automatic transfers
to help make saving easy. Our online banking also makes
your savings easy to access.
- Save for retirement. Making regular contributions to
an employer-sponsored retirement plan or an individual
retirement account (IRA) can make a big difference when
you reach your retirement years. Visit our website to take our
Retirement Ready Assessment to gain greater perspective
on how you can prepare for retirement: www.univest.net/
- Pay off debt. If “pay off” seems too lofty, focus on whittling
down debt by paying more than the required minimum
amount. Refinancing to a lower interest rate (such as for a
home or car loan) may also help you pay down debt faster.
- Build great credit. Making on-time payments and handling
credit responsibly will raise your credit score, a number that
is considered for a large loan such as a mortgage. Online bill
pay and account alerts can help you make payments
on schedule and ensure the proper funds are available.
- Talk about estate planning. Make it a goal to talk about
estate planning with aging parents and/or your spouse to
help you make decisions and form a plan. Our financial
advisors are here to help.
As your community bank, we have practical solutions to
help you achieve your financial resolutions. To get started
or for more ideas on ways to save, pay off debt, manage
loans and prepare for your future, visit www.univest.net,
stop by or give us a call at 877-723-5571.