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New Year, New Financial Resolutions

posted Jasmyne Green 1/12/2018 in Banking

New Year, New Financial Resolutions

Your New Year’s resolution will probably fail. It’s not a “you” thing though. For 80% of Americans, their resolution will bite the dust as soon as February*. Of those, as high as 1 in 4 are financially-focused in 2018*. This means that a very small percentage of financial resolutions will make any difference in the long run.

We know sticking to New Year’s resolutions can be tough, and it can be even more difficult to change the way you think about money and approach your finances, but it doesn’t have to be! We’re here with an entire team of professionals to help you not only achieve your goals, but to keep the momentum going for years to come.

The main key to sticking to your resolution is to make sure it’s easy to track so you can truly see when you’re making progress and achieving success. Thankfully, we have great news for your financial resolution momentum through visualizing your progress. Managing your finances, sticking to a budget and tracking your spending are easier than ever before with Ledger, our new personal financial management tool.

Ledger takes the stress out of your resolutions. Instead of adding another item to your schedule, it creates the possibility of a more efficient year. Ledger allows you to link your credit cards, loans, checking, and savings accounts from other financial institutions right to your LSB account dashboard. Once you link your accounts, Ledger will automatically categorize the majority of your transactions. For those pesky transactions it doesn’t know immediately, it’ll learn from your entries, and categorize them accordingly in the future.  After your transactions have been categorized, Ledger will create a visual representation of where and how you spend. All within the safe and trusted space of your Lincoln Savings Bank online banking through your browser, smartphone, or tablet.  

When it comes to resolutions, knowledge and repetition mean power. Knowing how you spend your dollars can be eye-opening and make all the difference when it comes to saving money. Plus, setting up patterned activities like use of the Ledger can be extremely incentivizing. This means that achieving your goal will be more attainable while also being fun!

With Ledger, you don’t need to work quite so hard to see incredible results- at least when it comes to your finances.

Take control of this year’s finances by logging into LSB online banking today to start using Ledger.

To learn more about how Lincoln Savings Bank can help you reach your financial goals, contact us or stop by any of our branches.

Lincoln Savings Bank, Member FDIC


*According to U.S. News: https://health.usnews.com/health-news/blogs/eat-run/articles/2015-12-29/why-80-percent-of-new-years-resolutions-fail

*According to Fidelity’s Resolution Study: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/PR/2017-Resolutions-Study-Fact-Sheet-112316.pdf

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