Seven Steps to Simplify Your Finances

Financial Resources

If time is a precious commodity for you (and really, isn’t it precious to us all?), here are seven ideas to help save you time and reduce the stress and anxiety of managing your financial affairs.

1. Enroll for direct deposit. It eliminates trips to the bank and keeps your money working longer. Who doesn't love that?

2. Establish an automatic savings plan.  Regular, automatic transfers to a savings or retirement account will add up. (To see how quickly  your money can add up, read "Time is Money: Saving Sooner is Better than Later" in our Financial Resources section of our website.)    

3. Use electronic Bill Pay.  Eliminate the dreaded task of writing checks. (Plus, you can even pay your bills while wearing those fluffy slippers your aunt gave you last year - and no one will know!)

4. Consolidate your financial relationships.  Dealing with one institution makes everything easier. Choose a financial institution that will not only offer what you'll need today but also for tomorrow's needs, too.

5. Consider NetBanking and MyMoney Center.  NetBanking and MyMoney Center make handling your finances easier and quicker. If you aren't already using NetBanking, sign up now.      

6. Build a safety cushion.  Be ready for unexpected expenses or use some extra for a special vacation. A savings account is a great way to save money but still keep it within reach if needed. If you don't already have a savings account, we offer several that are sure to fit your business or personal savings needs.

7. Review your investments.  Make sure your asset allocation matches your time horizon and risk tolerance. If you need to brush up on your investment knowledge, visit our online financial resources for a freshener. Our website also has additional information on time deposits. 

 


Financial articles provided by WestStar Bank are for information purposes only and are not to be construed as tax or investment advice. Please consult with a tax and/or investment professional if you have any questions or doubts about any of the information contained in the articles.


Products: Time Deposits, NetBanking, Cash Manager, Simply Savings, MyMoney Center, Switch Kit, Mobile Banking

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