We will be OPEN on Monday, January 20th. All transactions made on the 20th will be processed the following day.
“Manage finances wisely” is a popular New Year’s resolution. But it can be tough to stick to a goal this vague. Here are some
specific ways to help you be money-smart in 2019.
Maintain an emergency fund.
Many financial experts recommend having three to six months’ worth of living expenses in a liquid savings account. Set up automatic transfer to your Macatawa Bank savings account to help make saving easy, as well as easy to access.
Save for retirement.
Making regular contributions to an employer sponsored retirement plan or an individual retirement account (IRA) can make a big difference when you reach your retirement years. Automatic paycheck transfers, if available, can help you stick to this resolution with ease.
Pay off debt.
If “pay off” seems too lofty, focus on whittling down debt by paying more than the required minimum amount. Refinancing to a lower interest rate (such as for a home or car loan) may also help you pay down debt faster.
Build great credit.
Making on-time payments and handling credit responsibly will raise your credit score, a number that is considered for a large loan such as a mortgage, or even getting a job or apartment in some cases. Macatawa Bank’s online bill pay service can help you make payments on schedule.
Talk about estate planning.
It’s not the most fun topic to think about, but it is important for your family’s future. Make it a goal to talk about estate planning with aging parents and/or your spouse to help you make decisions and form a plan.
Tackle your financial resolutions
Visit our financial toolkit page, stop by, or give us a call at (877) 820-2265 to talk to us about how you can achieve your financial resolutions.
Compare Savings Options
We're happy to help.
Looking for answers? Need some sound advice? Want to talk over your financial options? Fill out the form below and we'll be in touch. * = Required field.