It’s never too late to take charge of your finances, build better habits, and create a plan that works for your goals. Whether you're starting fresh or fine-tuning your current strategy, gaining control of your personal finances can help you save, reduce stress, and be better prepared for the unexpected.
Get Organized
Start strong by setting up a simple system to organize your financial documents. A labeled file folder or digital storage system can make tax time a breeze. Want to go the extra mile? Invest in a shredder to protect your personal info from identity theft—because peace of mind is always a smart investment.
Build a Budget That Works
Budgeting doesn’t have to be complicated. Start by tracking your income and expenses to get a clear picture of your cash flow. Budgeting tools, spreadsheets, or even apps can help you create a plan that includes both your monthly bills and your savings goals.
Tips to stay on track:
- Identify where your money goes—every dollar counts.
- Set realistic goals, especially if you're cutting expenses.
- Check in with your budget regularly and adjust as needed.
- Need a jumpstart? Download our budgeting worksheet to get going.
- Explore additional budgeting resources at the ABA Foundation.
Tackle Your Debt
From student loans to credit cards, debt is common—but manageable with the right plan. A strong budget can help you pay down debt and boost savings at the same time.
Debt-busting strategies:
- Always pay on time—and more than the minimum when you can.
- Start with debts that carry the highest interest rates.
- Consider transferring balances to lower-interest options.
- Use loans wisely—reserve them for assets that grow in value, like a home.
Save for the Unexpected—and the Future
Saving now means less stress later. No matter your age, saving is always a smart move. Start small if you need to—just get started.
Smart saving tips:
- Aim to save at least 10% of your income.
- Enroll in your employer’s retirement plan and contribute at least the match amount.
- No plan at work? Ask us about opening an IRA.
- Set up automatic transfers from checking to savings—out of sight, out of temptation.
- Try to build an emergency fund with at least three months of expenses.
Need help getting started? Stop by any Peshtigo National Bank branch or give us a call. Our team is here to support your journey to financial wellness—because your goals deserve a plan that works.