Skip nav to main content.

New Year, Fresh Start

December 5, 2022

Man and woman holding 2023 sparklers

The new year brings an opportunity to reflect on the past year and to set new goals for the year ahead. If you’re thinking about setting physical and mental wellness resolutions, consider adding financial wellness resolutions as well.

Here are five financial New Year’s resolutions to make 2023 a better year for your money:

  • Make a budget and stick to it. Creating a budget takes a little effort up front but paying off debt, making a down payment, or taking that dream vacation is the reward! RCU’s online budget building tools can help you ease into this healthy new habit.
  • Prioritize and pay off debt. Make a list of your loans and credit card debt, organizing by annual interest rates. Resolve to pay off those with highest rates first and explore smart options for doing so sooner rather than later. Start managing your debt today.
  • Plan for retirement. It’s easy to put off saving for the future in favor of more immediate needs, but the earlier you start setting aside money for retirement, the more opportunity you’ll have to grow your savings over time. Take advantage of RCU’s free retirement education.
  • Automate your savings. Set up an automatic transfer into your savings or money market account every time you get paid. Transferring just $10 each paycheck can build into a holiday shopping fund, and larger transfers can support bigger goals, like buying a new car or home.
  • Build your cash reserve. You never know when you’ll be hit with unexpected expenses such as medical bills, job loss, or home and auto repairs. There are many options for creating a safety net, such as creating an emergency fund or opening a savings certificate.

Whatever your 2023 goals, RCU is here to support your financial health! Explore more resources in our Financial Wellness Center.