4 Financial Goals for the New Year

2020 threw everyone for a loop what is important to us has changed throughout the last twelve months. As we head into the new year, it’s useful to reflect on the past year and lay out some goals that are important to you mentally, physically, emotionally, and financially.

65% of Americans are considering a financial resolution for the new year, according to Fidelity Investments’ Annual Resolutions Study. Here are moves you should make to set yourself up for financial success.

Refinance Your Mortgage

The coronavirus pandemic has completely changed the way we live our lives, but it has also provided some opportunities. Namely, when it comes to mortgage rates. You can now secure record low mortgage rates, making this an ideal time to refinance and lower your monthly payments.

RMLEFCU’s mortgage loans are lower than ever with rates as low as 2.50% APR*! Contact the mortgage team today and see how we can get you the lowest rate for your home.

Pay Down Credit Card Debt

Credit card debt usually has a high interest rate that keeps your balance difficult to pay off. A great way to pay down your high-interest credit cards is by performing a low-interest balance transfer.

RMLEFCU’s credit cards have rates as low as 6.75% APR*! All our cards offer no fees for cash advances and have free balance transfers.

Automate Your Savings

The easiest way to get a kick start on your 2021 savings is to turn to automation! By automatically placing some of your paycheck into your savings, you’ll grow your savings surely and steadily.

RMLEFCU’s savings account rates are 0.05% APY with an additional 0.05% dividend payment.

Improve Your Credit Score

RMLEFCU has tools for you check your credit score and plenty of ways to improve it! SavvyMoney is a great tool that’s included free with your online and mobile banking apps. It offers tips and services to help boost your credit score. Check it out in online banking today!

If you have any questions about any of our services or would like to chat about your accounts, don’t hesitate to give us a call at 303 458 6660 or email us at members@rmlefcu.org. RMLEFCU also has a financial planner that is free with your membership. Contact us today to schedule an appointment.