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3 Money Moves to Get on Track in 2020

If you’re like most people, the beginning of the year is a great time to reflect on your goals and make a plan to achieve them. Maybe they revolve around your health and becoming more active. Or spending more time doing the things that matter to you, like being with family or traveling. If you’ve included some financial goals in your plan for 2020, here are 3 easy steps to help you get a jumpstart:
1. Pay yourself first!
You may have heard this popular phrase before. It’s simply a method to set-up your spending plan, otherwise known as a budget. It refers to putting money aside into savings before you pay anything else. This method is especially helpful if you are just getting started in building your savings.
While your end goal may be to build an emergency fund or set aside 3-6 months of living expenses, the most important thing is to get in the habit of saving each month. To that end, making your savings automatic could be helpful. You can do that by allocating a portion of your direct deposit to a designated savings account, or setting up recurring transfers from your checking to your savings account.
2. Get a checking account that pays you!
Does this sound too good to be true? Well, it’s not! There are plenty of cash offers out there to entice you to switch your checking account. However, the best thing is to determine which checking account features are most important to you, and then find an account that matches your needs. Do you keep a low balance in your checking account and want to avoid fees? A fee-free checking account may be best for you. Are you a frequent Debit Card user or need easy access to cash? Consider a checking account that gives you cashback rewards or rebates your ATM fees. At Pentucket Bank we offer different checking account options to meet your unique banking needs.
3. Take advantage of Mobile and Online Banking.
Your goals are easier to achieve when it’s easier to stay on top of your finances. So make sure that you download your bank’s Mobile App and use Online Banking to take advantage of the following:
Pentucket Bank’s Mobile App and Online Banking offer all these features and more. Click here to learn more.

At Pentucket Bank we offer a full-suite of Online/Mobile Banking services and deposit accounts that can help you stay on track with your financial goals. We are a local bank with branches in Haverhill, MA, North Andover, MA, Salem, NH and Hampstead, NH. Send us an email or call us today at (978) 372-7731 to see how well our accounts and online services match up with your banking needs.