January is Financial Wellness Month, making it the perfect time to take control of your finances.

Here are five tips to help you track your spending and improve your financial health:

1. Create a Budget

   expenses, and allocate funds to different categories such as groceries, bills and entertainment.

2. Use Budgeting Tools

   Simplify the process with budgeting apps. You can use the budgeting tools right within your Cadence Bank Online and Mobile Banking apps.

3. Review and Update Regularly

   Build a habit. Review your spending monthly or even weekly. Being on top of your spending helps you stay on track with budgets and provides insights into your habits and trends.

4. Set Financial Goals

   Whether it’s saving for a large purchase, paying off debt or building up your emergency fund, having clear financial goals can motivate you to stick to your budget.

5. Reduce Stress

   Knowing where your money goes and where your finances stand can help you make more levelheaded financial decisions. It can also build confidence in knowing you have a clear picture of your needs, which can help make finances less stressful and contribute to your overall well-being.

By following these steps and building good habits, you can take control of your financial health and use Financial Wellness Month to start your year off on the right foot. Start small, stay consistent and you too can watch your financial health improve over time. Learn more about the digital banking tools that are part of your Cadence Bank experience.

Sources:
https://www.cnbc.com/select/financial-new-years-resolutions/
https://www.forbes.com/councils/forbesfinancecouncil/2023/12/15/3-ways-to-boost-your-financial-wellness-in-2024/
https://www.cnbc.com/select/best-budgeting-apps-for-couples/

This article is provided as a free service to you and is for general informational purposes only. Cadence Bank makes no representations or warranties as to the accuracy, completeness or timeliness of the content in the article. The article is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes.