When it comes to managing your money, budgeting is the key ingredient to success. Careful planning, patience and tracking of expenses can all improve your financial situation. Developing a budget doesn’t have to be difficult and once created, it provides an easy-to-use guide for financial decision making.
Where to Start
We offer a few budgeting solutions, whether you are at home or on the go.
When you log in to your online banking account, you can link all of your accounts from different financial institutions. This will allow you to visualize your financial picture as a whole, tracking your income and debts. You can also categorize your spending, giving you the ability to see where your money is going each month.
This tool can be found once you log in through our website; it will be the second tab above your account information. Banking on the go? Simply log in to our app and access our Financial Tools at the bottom of your screen.
We also offer our Home Budget Calculator. This is an online calculator with predetermined spending categories. Simply fill in the blanks and a budget will be automatically generated for you.
Using Your Budget
Once your budget is created, you will be able to review your current expenses and evaluate what changes you can make. Use this information to:
- Identify your goals, both short and long-term
- Be realistic, differentiate between your needs and wants
- Set priorities based on obligation and importance
- Calculate realistic figures on your living expenses
If you would like additional help with your budget and financial goals, please reach out to our Financial Wellness Counselor. We are here to help you make a plan to pay down debt, ensure your budget is realistic and give you the support you need to meet your financial goals.