What Are Your Fall Financial Goals?

Legends Bank wants to help you get back on track in time for the holidays.

Remember those resolutions you made at the beginning of the year for better financial planning this year? Fall is a great time to revisit those goals and get ready for the extra spending that may arise over the holidays.

Here are a few tips:

Build an emergency fund
- A high-yield online savings account is a good place to park your
  emergency fund. And looking forward to November, which has 5 Fridays,
  put that extra paycheck in there as a bonus.
Boost your retirement savings
- Now is a good time to consider increasing your contributions for the rest
  of the year. The IRS allows you to contribute up to $18,000 a year, and
  the amount is deducted from your taxable income. And if you’re over 50,
  you can contribute an extra $6,000 to build up that nest egg for
  retirement.
Budget for holiday shopping
- The average consumer spends an average of $289 on “Black Friday”. If
  you make a weekly transfer of just $25 from your checking to your
  savings account starting now, you’d have $300 to spend on “Black
  Friday.”
Prepare for open enrollment
- If you have a health plan through your employer or a health insurance
  exchange, open enrollment is your annual opportunity to assess your
  health insurance and other company benefits. See if you’re taking
  advantage of what is offered.
There’s an app for that!
- Use technology to pay off debts and help you budget. Plan for holiday
  gift-giving by using an app that can track your spending and budget and
  curb your impulse buying.

Whatever your goals are, Legends Bank is here to help.

We’re Legends Bank…professionals who know what you want and need most. And a homegrown, financial institution that’s here to stay.