Thursday, November 30, 2017

Make Financial New Year's Resolutions for 2018: Part 2

Last week we unveiled some possible example of financial new year's resolutions you can make for 2018. This week, First Bank of the Lake has a few more to share with you. Our bank at the Lake of the Ozarks couldn't be more excited for 2018 and we know how ambitious people can be around the holidays. Here are a few goals you may want to set for yourself in the new year.

Financial New Year's Resolutions for 2018

I will not eat out for an entire month.

Why would you want to write a new year's resolution like this?

Eating out on a regular basis adds up quick. Save money and cook in more. Buying groceries and enjoying a nice home cooked meal, may be just the thing for you in 2018! You may even be motivated to eat healthier this way. 

Develop a more organized way to pay my bills.

Why would you want to write a new year's resolution like this?

2017 has been very hard on you, when it comes to paying your bills. You've noticed that you end up waiting to the last possible minute to pay your bills and the stress and anxiety of not paying right away has gotten to you. Don't do this to yourself. Have you considered setting up an online bill pay system? This could fix the "waiting to the last minute" issue. Pick the date you want your bills to be paid and let the automatic withdrawal do what it was meant to. 

Pay off my student loans.

Why would you want to write a new year's resolution like this?

According to, the total U.S. student debt in 2017 is $1.4 trillion. College tuition continues to rise and having a college degree is still a substantial asset to have in the job market today, but it costs. Do your best to work that debt down in 2018. Take the money you are saving from eating out less and cut back anywhere else you can and pay this debt off sooner rather than later. Develop a plan and determine how much you have to pay and when you want to pay that loan off. If you can spare it, don't just pay the minimum monthly payment because that loan will most likely continue to accrue interest and weigh on you. 

Need a Bank You Can Trust to Help You Stick to Your New Year's Resolutions?

First Bank of the Lake is here for you! We don't try to sell you a loan or service you don't need. We make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests. For a bank at the Lake of the Ozarks you can trust, call 573-348-2265.

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

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