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Financial Tips to Start the New Year

Images of people celebrating a new year, working on their finances, branch employee hugging customer.

The new year – and a new decade – is here! As singer/songwriter Brad Paisley once said, “Tomorrow, is the first blank page of a 365-page book. Write a good one.”[1] So now might be the perfect time to take a look back at your financial picture in 2019 and to consider some effective ways to plan ahead for a happy, prosperous 2020.


Budgeting: Bring Your Financial Picture Into Better Focus
Did you work within your budget to help manage your monthly bills and expenses? 

Financial Tip:
A budget can be done with pencil and paper, in a journal, and with various computer software programs or apps. Some people find it a perfect starting place to bring their financial picture into better focus.


Consolidate Debt: Simplify Your Life With One Monthly Payment
How did you manage your credit card debt and other bills? 

Financial Tip:
Some people find that fewer credit cards are better. That way, you don’t have multiple cards with different interest rates and due dates. This also may help avoid additional late fees and extra charges. A debt consolidation loan can offer you a single payment each month with a fixed interest rate.


Emergency Fund: Be Prepared for the Unexpected
Were there any large unexpected bills or expenses you didn’t plan for in 2019?

Financial Tip:
Unfortunately, things like a roof repair, refrigerator breakdown, new tires, medical bills and more can happen at any time. That’s why it’s always good to have an “Emergency Fund” or other possible sources of money on hand to help cover these surprise expenses. It’s good to know it’s there if and when you need it.


Big Improvements: Investing in Sizable Updates
Were you thinking that next year just might be the right time to update that kitchen with a new remodel? Maybe your trusty ol’ car is at the end of the line, and it’s about time to replace it? 

Financial Tip:
Lots of people turn to local lenders who offer products and solutions to better serve their customers’ personal needs and individual situations. Having a nearby source of financial support can help you set up a realistic payment plan tailored just for you.


Bucket List: Planning for Life’s Big Moments
Are there family wedding plans or maybe a dream vacation on the horizon for 2020?

Financial Tip:
No matter what you’re planning for the new year, it’s good to know what options are available to help pay for your special plans and moments, big and small. It’s never too early to start talking to someone you can trust about creating a financial pathway to get you there.


Facing the Future Together: Take a Tip from Us
Each and every year since 1941, the Friendly Franklin Folks have been helping people just like you. Whether it’s debt consolidation support, extra cash for those unforeseen emergency bills, or making your dreams come true, 1st Franklin wants to be your trusted financial partner in 2020. With 300+ local branches, we’re just around your corner.

Give us a call today to learn more.

[1] Published in Goodreads, 2019