Make 2025 Your Best Financial Year: Resolutions You Can Actually Keep
Starting a new year often brings ambitious financial goals, but the key to success lies in setting realistic, achievable resolutions. As your trusted financial partner in central Wisconsin, we've crafted practical resolutions that align with our local cost of living and economic landscape.
Start Small with Emergency Savings
The unpredictable Wisconsin winters remind us why emergency savings matter. Begin by setting aside just $25 from each paycheck into a dedicated PSCU side savings account. By year's end, you'll have a solid foundation for unexpected expenses like car repairs or medical bills. Our automatic transfer feature makes this effortless – set it up once and watch your savings grow.
Take Control of Your Debt
Wisconsin residents carry an average credit card balance that's lower than the national average – let's keep it that way. Create a realistic debt reduction plan by targeting your highest-interest debt first. If you're juggling multiple payments, consider consolidating with PSCU's effortless signature loan at competitive rates. Even reducing your debt by $50 monthly can lead to significant savings over the year.
Create a Budget That Works for Wausau
Living in central Wisconsin means different expenses than those in Milwaukee or Madison. Track your spending for two weeks to understand where your money goes. Account for regional costs like higher winter heating bills and snow removal services or equipment.
Build Your Credit Score Steadily
A strong credit score opens doors to better rates on mortgages and loans. Set a goal to improve your score by 20 points this year through consistent, on-time payments. PSCU members have access to free financial education and counseling, along with personalized tips for improvement.
Prepare for Major Life Goals
Whether you're saving for a down payment on a home in the Wausau area or planning for retirement, break down your big goals into monthly targets. If you're aiming to save $6,000 this year, that's $500 monthly or about $17 daily. Our financial counselors can help you create a customized plan that fits your timeline and budget.
Take Advantage of Local Savings Opportunities
Being smart with money means knowing where to find savings in our community. Sign up for WPS's Budget Billing program to even out seasonal utility costs. Join local buy/sell groups for household items, and watch for community events that offer free family entertainment. Every dollar saved is a dollar toward your financial goals.
“A strong credit score opens doors to better rates on mortgages and loans. Set a goal to improve your score by 20 points this year through consistent, on-time payments.”
Make Your Money Work Harder
Don't let your money sit idle in a low-yield account. PSCU offers competitive rates on share certificates and money market accounts. Even moving $1,000 from a basic savings account to a higher-yield option can make a difference over time.
Your Partner in Financial Success
At Public Service Credit Union, we're committed to helping our members achieve their financial goals. Whether you need guidance on budgeting, saving, or investing, our team is here to help. Stop by our Wausau branch or give us a call at (715) 842-9865 to discuss your 2025 financial resolutions.
Ready to start working on your financial goals? Contact our member services team at info@publicservicecu.org to schedule a free financial planning session. Together, we can make 2025 your strongest financial year yet.