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Financial Refresh: Four Tips on How to Start 2019 with a Clean Slate

1/25/2019

To help achieve your financial resolution to save more money in 2019, start the new year with a clean slate by eliminating excess from your life. Review our tips below on how to give yourself a financial refresh.

How to Start 2019 with a Clean Slate

Four Tips on How to Start 2019 with a Clean Slate

Unsubscribe from Certain Subscription Services

It’s important to keep track of the subscription services you have and keep tabs on how regularly you use them. Paying for services you no longer use, even if they only cost $5 or $10 per month, can add unnecessary expense. Set aside some time to go through all of your subscriptions and consider if you should keep or cancel each. You’ll still get charged for services you don’t use until they are canceled, which takes away from money you could be saving or putting toward other things.
Additionally, consider how much you really need similar subscriptions. For example, if you have Netflix and Hulu, decide which service you can eliminate. Even though certain subscriptions vary from their competitors, it’s financially wise to eliminate one to bolster your savings.

Clean Out Your Inbox

Don’t wait until spring to start cleaning out your inbox. Many retailers offer blowout sales at the end of the holiday season, so you might have noticed an influx of emails from your favorite brands. Clean out your inbox by deleting promotional emails and unsubscribe from email lists to prevent impulse spending. Taking the time to refresh your inbox will help eliminate bad spending habits.
It’s also important to regularly clean out your email to ensure that you’re up to date on any notifications from your bank or credit union. For example, emails from your credit union or from a free credit report website notify you if there has been a change to your credit score.

Reconsider Your Providers

Check to see if there are any hidden costs from your cable, internet or insurance providers that you weren’t aware of before. Do some research and look through your bills to discover anything unusual. If so, it might be time to consider switching to a more cost-efficient provider.

Reap the Benefits Of Tools Available To You

One of the smartest money moves you can make is to sort through everything and go over your finances. As a PFCU member, you’re entitled to free tools and resources that can help you reach your personal savings goal. For example, you have access to Clarifi, a local non-profit agency that can help you improve your credit, reduce debt, avoid foreclosure, save, and make sure your financial life is on a healthy track. In addition, you can also use Money Management, which is a feature available to you via your Tellernet account.

Put aside some time to reevaluate specific areas in your life, especially when it comes to personal finances. By having a clear sense of what you can change, eliminate or keep, you’ll be on the right track for a successful year ahead.

Erin Elis 
Erin Ellis
Accredited Financial Counselor ®
Philadelphia Federal Credit Union
eellis@PFCU.COM