(BPT) - Assessing your financial goals can feel like a daunting task, but there's no time like the present to start evaluating where you'd like to go. Start by performing a financial goals check and explore the different strategies and services that can help set you up for success this year and beyond. You have a range of options at your disposal to revitalize your finances and build a solid foundation for your future. Consider adding these three tips to your checklist as you explore your financial goals:
Set new savings goals
As life circumstances change - whether it's a career shift, a major life event such as a big move, or personal priorities like growing your family - your financial goals may need adjustments to ensure they're both realistic and achievable. It's important to regularly take inventory to categorize where you're already spending or saving your money and reflect if it's still aligned with what's important to you. This year, consider creating a new savings goal to contribute a certain amount of money by June and a second goal for the end of 2025. Evaluate if you need to adjust your spending to achieve these in the months ahead.
Explore your money management and account options
How are you tracking your financial success? It may be time to leave behind options that no longer serve your needs. For example, are you still paying overdraft fees or monthly maintenance fees for a checking account? If so, one thing to consider is upgrading your checking account to one that doesn't charge those fees. Many financial institutions like Capital One offer products like the Capital One 360 Checking account, a fee-free account designed to make money management simpler for you. With no monthly maintenance fees, no minimums, early paycheck access with direct deposit, and a top-rated mobile app, it simplifies managing your finances, allowing you to feel confident about your money. A second option, especially if you're looking to grow your savings, is to open a Certificate of Deposit (CD), which allows you to deposit your money and in exchange, pays you a fixed interest rate over a set period. Capital One's 360 CD account offers competitive rates and no minimum balance requirement, making it easy to maximize your earnings.
Commit to finding new financial resources
Some financial institutions, such as Capital One, are stepping up to offer more opportunities for financial education and resources. Capital One Cafés, for example, are community spaces designed to reimagine the banking experience, providing personalized support and tools to help you build financial confidence - whether you bank with Capital One or not. Plus, the Money & Life Program, open to all, provides one-on-one mentoring, self-guided exercises and online workshops. Think about leveraging these types of resources that are available at your fingertips, which can help you alleviate financial stress, spot scams and fraud, and feel more assured with your money and overall financial goals.
Start your financial journey today with products, tools and resources from Capital One that are designed to help you feel empowered and ready to achieve your goals in the new year. To learn more about Capital One, visit CapitalOne.com.
