Review, Reset, and Thrive: Schedule Your Financial Check-Up

As we begin a new year, it's the perfect time for a financial check-up to assess your progress and set yourself up for success in the months ahead. We invite you to book an appointment with Verity for a free one on one financial check-up. Here are some things to consider:

1. Review Your Budget and Spending
   Look at your budget from last year and compare it with your actual spending. Did anything surprise you? This is a good time to identify areas where you may have overspent and adjust forthis year. Consider using a budgeting app to track expenses in real time and cut back on discretionary spending like takeout or subscriptions.

    

2. Assess Your Savings
   Check how close you were last year to meeting your savings goals. If you didn’t meet your savings goals, consider setting up automatic transfers to your savings account. Also, explore high-yield savings options for better returns.

3. Evaluate Your Debt
   Take stock of your debt—how much do you owe, and how much progress have you made in paying it off? Prioritize high-interest debt like credit cards and look into consolidating or refinancing options to save on interest. Also, review your debt-to-income ratio to gauge your financial health.

4. Review Your Investments
   Ensure your investment portfolio aligns with your goals and risk tolerance. Rebalance if necessary to stay on track. If you’re unsure, consider consulting a financial advisor. Also, check for any high fees that could eat into your returns.

5. Plan for Taxes
   Tax season is closer than you think! Review your withholding amounts if your financial situation has changed. Maximize deductions for things like charitable contributions, education expenses, or retirement savings. Gather tax documents early to avoid last-minute stress.

6. Set Financial Goals for the New Year
   Define clear financial goals for the year, such as saving for an emergency fund, paying off debt, or making a big purchase. Break down your goals into smaller steps, like setting aside a specific amount each month. Track your progress to stay motivated.

By conducting a financial check-up, you’ll get a clear understanding of your finances and a solid plan for reaching your goals. Book a free appointment at your nearby Verity branch for your financial check-up and start the year with confidence.