The New Year is the perfect time to set yourself up for financial success. Creating attainable financial goals is key if you are looking to save for a down deposit on a house or pay off existing debt. Here are five financial resolutions to make this New Year’s! 

1. Set a Financial Goal

Determine a realistic short-term or long-term goal you can achieve in the new year. Furthermore, consider marking a date in your calendar to review your progress throughout the year to stay motivated! Read more about how to achieve your New Year’s goals on our blog by clicking here!  

2. Build an Emergency Fund

Create an emergency fund to ensure you have a financial safety net in case you face any unexpected challenges. Calculate your monthly expenses for three to six months, to estimate how much you will need in your emergency fund. Need help? Check out MU30’s Emergency Fund Calculator by clicking here. 

3. Improve Credit Score

Looking to increase your credit score? There are some basic things you can do to increase your score. Read more on our blog, “How to Increase Your Credit Score.” 

4. Create a Personal Budget

Create a monthly budget to track your income and expenses. Moreover, plan how much you could spend or save each month to achieve your financial goal. Start your budget today by reviewing this blog, “Home Budgeting Tips.”  

5. Make Extra Mortgage Payments

Reap more financial benefits by making a subtle change to your mortgage payments. Consider paying your mortgage biweekly (every two weeks) rather than monthly. Read more about the advantages by clicking here: A Subtle Financial Hack- Paying Your Mortgage Biweekly. 

Start the New Year off right by committing to your financial goals and resolutions. If you’re looking to purchase a home in 2022, contact one of our expert Loan Officers to learn more about your personalized mortgage solutions!