Cheddar breaks down three ways to improve your financial wellbeing and set goals for yourself and your future.

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Three Ways to Reach Your Financial Goals

Welcome back to Cheddar brought to you by Jpmorgan Chase. Now as the new year gets underway, Michele a lot of us are taking the time to reflect and set goals for the upcoming year. With that comes a lot of conversations surrounding our physical and our mental health, but there's another type of check up you may want to consider this time of year, your financial health. When was the last time you sat down and really took a good hard look at your financial well being and set goals for yourself and your future. Well today we're gonna break down three simple ways to help boost your financial health. That's right asia and first up, we're gonna teach you how to manage your budget, creating a budget is key when it comes to taking control of your finances. Budgeting can help you build better money habits and have a better understanding of your spending habits overall by tracking your expenses, like rent, utilities, streaming services. This could also include other activities like going out to eat, catching a concert or going to the movies. A budget can help you visualize where your money is actually being spent and where you can cut back, although it might sound intimidating to do. There are some simple steps to start building your budget first, make a list of all your money coming in and going out in a month. Next ask yourself what you really want and prioritize your spending so you can cut back. It's also helpful to check in throughout the month on your spending and adjust your budget as time goes on. Next up here, grow your savings. A savings plan can help you reach your financial goals for sure. Savings can help you in so many ways like being prepared for the unexpected. A. K. A pandemic, Having an emergency savings fund can help you have some peace of mind when it comes to your financial health. You can also grow your savings by saving regularly. Even just a few dollars every week can go a long way when it comes to reaching your financial goals. Although some savings schools may require some more time and money like purchasing a car or buying your first home. You can reach those goals by staying committed And this last one is a very important one. You need to build your credit building. Your credit comes with understanding some credit basics so what you need to know for credit 101 1st your credit score. This number is a snapshot of your credit history that shows how likely you are to pay back a loan on time. Some factors that affect the score are the amount of credit you use and how long you've handled credit a credit score and so much more. Some ways to build up your credit score and boost your financial health include paying your bills on time, building up a long credit history and paying down your debts. It also helps to check your credit score regularly and not just when you need it. Jpmorgan Chase is committed to providing the education and tools to advance financial equality for women everywhere. To learn more, visit chase dot com slash financial goals.