Financial Wellness Checkup

TVA Community Credit Union remains ever diligent in our efforts to monitor all aspects of the COVID-19 pandemic. Our scope of responsibility extends beyond your physical health. We’re also here to help ensure your financial wellness.

If you find yourself with extra time on your hands during these days of ‘social distancing’, performing a Financial Wellness Checkup is something that you can do from the safety of your home.

So, why is a Financial Checkup so important?

Checkups, both physical and financial are preventative measures. They help us spot potential problems before they become major issues. They also give us a chance to know when we’re on the right track and give ourselves a well deserved pat on the back.

The following three steps can help jump start your Financial Wellness Checkup and get you on track to successfully meet your goals.

Take note of changes.

Think back to a year ago. What financial responsibilities have you added or eliminated? Life happens, sometimes rather quickly. View your credit report to see the effect of these changes on your credit score. A new baby, a child going to college, two incomes becoming one, buying a house; these are all game changers. TVACCU’s Free ID Protection makes it easy to monitor your credit score 24/7.

Set new goals.

Are you saving enough? Do you have an emergency fund? Do you want to start a Christmas fund? Checking in on your finances lets you know what you need to work on as well as what it’s going to take to meet your next financial goal. Are you focusing on finding your forever home, recreational vehicle or a new car? Taking the time to reflect on financial accomplishments and setting new goals for the future will help keep them at the forefront of your mind. A financial wellness checkup will likely increase your chances of meeting your financial goals. TVACCU’s online loan process, experienced loan officers and amazing loan rates make it fast and easy to turn your goals into a reality today!

Evaluate your budget.

Use this time to find out where you may have wiggle room and where you need to make adjustments. And on the flipside, if added expenses have put gaps in your budget, evaluate if there is anything you can do to help. Perhaps it’s time to refinance a loan or consolidate debt. Moving your high interest credit card balances over to our TVACCU Visa Credit Card with no transfer fee, low interest rate and no annual fee can save you hundreds and earn rewards for travel, the latest high-tech gadgets and much more!