With the turn of the new year, January marks the perfect time to start something new and make changes that can have a positive impact on your financial future. Coming out of a high-spending season, there are plenty of ways to strategize how you and your family can put a savings plan into action that will make the most of your money.
Here are three things to consider as you build your saving strategy for 2024:
- Start Saving Now – If holiday shopping just hit your bank account a little harder than you’d like, now’s the best time to get started saving for next year! With the Christmas Club savings account, you can sock away a little money every month and Community Bank will release your savings back to you just in time to spend for the holidays.
- Set Savings Goals – When you’re working toward something, it’s a lot easier to keep yourself accountable and focus on achieving your goals. Whether that’s a new computer, a new car, or a down payment on your first home, set goals and save accordingly. Check out some of our financial calculators to help you put a plan in place that you can stick to and make a success.
- Set it and Forget it – Whether it’s a Christmas bonus from work or you shopped the sales and have a little extra money left, a Certificate of Deposit (CD) is a great way to put your money to good use. Locking it in at a rate of return for a predetermined period, you’re able to use a CD to keep your money locked up tight which can keep you from spending it needlessly while also gaining a good rate of return without needing to do anything on your own.
Whatever your savings goals look like in 2024, Community Bank is here to help. With financial products and friendly faces that know how to help you make a plan for your financial future, we want to do whatever we can to help you and your family make 2024 the best year yet.