Jan 20, 2023 / Money Tips
Everyone has financial goals. We just tend to keep them in the backs of our minds, tucked neatly between our good intentions and propensity for procrastination. We want to save for retirement, reduce debt, etc., but how often do we actually take the time to write down our financial goals and keep them as a constant reminder?
Well, now’s your chance. We want to know what you want to accomplish in 2023. Come interact with us on social media and tell us your financial goals for the coming year. We’ll address your most popular picks in an upcoming post. Here are a few starter ideas to get the writing rolling.
Maybe you’ve run out of space, maybe your space has run out of style. Whatever your reason, you can make 2023 a year to move or improve. Both are big projects that involve significant planning, not to mention the right loan/lender to make it possible. Whatever you decide to do, we can help with a new home loan or a home equity line of credit to make your dream home a reality.
Who doesn’t want to save more money? With inflation at a 40-year high, there will be more demands for your dollars in 2023. Now is a great time to resolve to save. If you want to save more of what you make this year, we can help with savings products designed to stand out in an inflated economy. Right now, you can earn up to 3.25% APY with a money market account and up to 4.5% on a term deposit.
Having the right deposit account is only one side of savings. To keep more of your money, you have to exercise a little savings self-discipline. If you’ve always struggled to stick to a budget, make a goal to live by a financial plan. If making and keeping a budget is important to you in 2023, we want to give you the resources and the know-how to make it happen. Let us know!
Even if retirement is a few years away, you can still make a goal in 2023 to find the right mix of retirement accounts. The earlier you start, the more you can save. Utah First has everything you need to supplement your retirement savings, including Traditional and Roth IRA accounts. Let us know if you’d like to learn more about the best ways to maximize your retirement savings.
If debt is taking up too much of your monthly income, make a goal to take control of your finances and reduce debt in 2023. One great way to reduce debt is by consolidating your high-interest, variable rate credit card payments into one fixed rate payment. It simplifies your finances and can reduce your monthly debt amount.
Writing down your financial goals isn’t just a great way to interact with Utah First and get more help with your goals in the new year, it can also help motivate you to follow through. In fact, writing down your goals can increase your chances of accomplishing your goals by 42%.
Again, let us know what you want to accomplish in 2023. Let’s work together to accomplish all your financial goals!