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Save More
Each year, more than one quarter of Americans say they want to save money. The best way to stay on top of the resolution is to make a specific savings goal first. Identify what the money will be used towards, and then begin saving.
Below are some potential goals to consider when planning for 2018.
Start an emergency fund. Having extra funds squared away in case of an emergency can be invaluable. $1,000 is a great amount to shoot for and can be stored in a traditional savings account.
Pay all 2018 Christmas gifts in cash. Wallkill's Holiday Club Account can be opened with as little as $10. Monthly direct deposits make it easier to stay on track and stick to a savings goal.
Put at least 20% down on a new house. If you already have a bit of money set aside for a goal like this and know the purchase is at least a couple of years off, a product like a Certificate of Deposit, or CD, may be a great choice. Wallkill is currently offering a 2 Year 2018 Special Certificate of Deposit, which can jump-start home ownership.
Budget
The key to saving is to set a budget and stick to it. Take a look back at 2017 to see where you may have overindulged and identify places where spending can be cut back in 2018. A new year is a great opportunity to start fresh.
Give
In 2018, try and plan for charitable giving. When building a budget, factor in an amount for donations. Then, pick a cause you love and begin giving. Not only can charitable donations help around tax time, they also assist charities and can create a healthier outlook on life.
For more information on ways to save, or to open an account with Wallkill Valley Federal Savings & Loan, click here.
