Get Your Finances Organized Before the Holidays Hit
Ah, the holidays, a magical time of year full of get-togethers with family and friends, travel, delicious meals and shopping.
All of these things of course cost money, so being financially organized before we get deep into the holiday season is important. Not only will it benefit you in terms of your finances, but it will also reduce the amount of money-related stress that you experience during the holidays.
Check out these four tips and give them a try to put some ease into the holiday season.
Use Technology to Your Advantage
Lincoln Savings Bank has several electronic options to help you organize your finances. Online Banking and Mobile Banking give you the power to access your accounts from anywhere, while our Budget Plus personal financial management tool allows you to manage all of your accounts from one place while setting budgets and goals. You can also deposit personal checks quickly using Mobile Deposit.
All your bills are due at different times throughout the month, so make sure you don’t miss a single one! By using LSB’s free Bill Pay tool, you can schedule your bills for payment well in advance of the due date. You can also use Alerts in online banking to remind you when bills are due. This helps you make payments on time every month to avoid late fees.
Between bank statements, insurance documents, retirement account statements and other financial documents you get a lot of mail that you need to keep track of. Go to any store that sells office supplies, grab yourself some manila folders and a box file for cheap and keep all those important documents organized.
Get Rid of High Interest Debt
This is especially important if you know you’re going to have to use your credit card during the holiday season. Pay down what you owe now to make room for any credit use you’ll have during the holidays.
Being organized with your finances goes a long way in helping you feel confident as the holidays approach. To learn more about Online Banking, Mobile Banking, Budget Plus or Mobile Deposit and how they can help you be organized, visit www.mylsb.com/online.
Lincoln Savings Bank, member FDIC