6 WAYS TO START 2016 OUT ON THE RIGHT FINANCIAL FOOT!
Ruby Valley National Bank offers consumers six tips on how to manage their finances in 2016:
1. Set up and follow a budget. Organize household income and monthly bills, and prioritize your familyís needs and wants. Use online tools, such as budget calculators or a simple spreadsheet, to track expenses against income.
2. Pay bills on timeóevery time. If youíve made large purchases over the holiday season, have a plan to pay off some or all of the balance as quickly as possible. Paying on time avoids late fees and protects your credit score.
3. Check your account balances. Keep in mind the amount of cash you can withdraw or how many purchases you can make. Avoid having an overdraft, and pay attention to fees and charges that can be avoided. Frequently checking your accounts will also help you detect and resolve any unauthorized transactions faster.