4 Ways to Simplify Your Finances

Life is already challenging enough – why not make things a little easier by simplifying your financial management? Too many of us spend restless nights worrying about managing our money, but luckily there are plenty of ways to simplify the process. Whether it’s automating your finances or seeking expert advice, here are easy ways to streamline your finances. 

Go Paperless

Want to reduce your impact on the environment and the clutter in your home? Choose to opt out of paperless billing and switch to paying all your bills electronically. This is a win-win for you, your bank, and the environment because paperless billing saves trees, saves your bank money, and helps you better manage your payments. 

At New Covenant Dominion Credit Union, we proudly offer online banking and e-statements so you can manage your money anytime, anywhere.

Automate Payments

Take the thought out of paying your bills on time by automating the process. It’s easier than you’d think to mistakenly miss a payment and get charged a late fee that could have been avoided. At the end of the day, we’re all busy and auto paying may be the easiest way to stay on top of your bills. Keep in mind, though, that even if you do automate your payments, you still need to review your accounts regularly for suspicious activity or payment errors.

Focus on Debt Repayment

If you’ve racked up credit card debt over the years, don’t panic – focus on a payment plan that’s realistic for you. Start by creating a list of all your balances owned, interest rates, and minimum monthly payments. Then create a payment plan that focuses on paying the one with the highest interest rate first. Keep in mind that you’ll want to make more than just the minimum monthly payment to get your debt under control. 

Debt consolidation is another great way to tackle repayments. We offer a debt consolidation loan that can consolidate up to $25,000 in debt to put you on a path to a better financial future. 

Consult a Financial Expert

No one turns into a financial genius overnight. Streamlining and better managing your money takes time and research. At New Covenant Dominion, we provide financial counseling, educational resources, and budgeting assistance to help you keep on track and achieve your financial goals. With just a quick call, we can help you through your situation and make recommendations that best work for you. Call us today at (718) 328-3930!