TNConnect wants to help you get the most out of your money. With the new year here, check out these 3 easy goals for your 2017 finances, from our partners at Balance. Happy New Year!
– Marty Bradley, Executive Vice President, TNConnect Credit Union
 Is it us, or did we just put away our holiday decorations from last year? As 2017 arrives, it’s a good time to reflect on your financial goals for the year. If you’re carrying debt, a little prep now will provide peace of mind for the rest of 2017.
Here are a few ways to get the most out of your money in this year: Don’t spend more than you earn Bottom line? If you don’t have it, don’t spend it. After paying your bills and putting money into your savings, make a discretionary budget (and stick to it!). Create an action plan For example, rather than saying, “I’m going to pay off $50K in student loans this year!”, focus instead on eating at home more often, taking one less vacation, or picking up a part-time job—anything that will free up cash to help you meet your goal. Smash debt with the snowball-payment method Start by identifying your most expensive credit card balance. Pay the minimum on your other cards, and roll the extra money into your payment for the expensive card. Once it’s paid off, focus on the next most expensive card, etc. You’ll save money by paying less in interest over time, and move yourself closer to being completely debt-free. |