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Climbing to Those Financial Goals

July 24, 2024 How many of you are super anxious, maybe excited, to finally achieve the goals you’ve set your eyes on? Maybe it’s a new home, a new car, paying off student loan debt or reducing those annoying credit card balances – whatever financial goal you are trying to achieve. We were recently introduced to Climbr®, a financial tool that can be found through Summit Credit Union’s website and app. We found the tool to be very useful in motivating us to get closer to our financial goals. I know we all wish we could just snap our fingers and get there, but patience is key, and the Climbr® app will literally help you climb the financial ladder.For example, we set a few goals, like saving for a home, vacations, etc. Set those goals for a realistic amount, and the app will calculate how much you need to add to the account monthly until you reach your goal. Yes, it’s that simple. If you’re like us, we’re used to just up and going on trips or making new purchases and paying for them later. By using the Climbr® app, we can now plan more accordingly for those much-needed family trips and track our progress. After setting a financial goal and letting the app calculate how long it will take for you to achieve it, you can also set up alerts where Summit will either text or email you your progress. Another tip we can share is setting up scheduled transfers for those subsidiary accounts with the “out of sight, out of mind” approach. Setting up a scheduled transfer can keep you consistent in your savings habits, so you won’t be tempted to spend what’s left and give it a purpose! We will keep you up to date on how this is working out for us!Have you written down a financial goal? Set up a scheduled transfer? Repurposed an account? I recommend giving at least one a try. Those small steps can make a big impact in changing behavior.Pass on this information! You might also be interested in As we wrap up our Project Money experience, we want to take a moment to reflect on how far we’ve come—emotionally and financially—and share our journey... This past week, our family participated in a door and patio decorating contest hosted by our apartment management company. The grand prize? A $200 gift... Over the past year, my family has been making deliberate choices to save money and focus on our financial goals. One of those decisions recently involved... As we approach the end of our journey with the Project Money program, Cory and I (Je’Lisa) took some time to reflect on how we can apply the financial... Every now and then, life throws a financial curveball—in this case, it was a pleasant surprise. We received a refund from our gap insurance since our car... This week, we faced an unexpected hiccup with our insurance: A doctor charged us for a 2023 appointment because they had outdated information. It was frustrating... Thanksgiving is a time for gratitude, family and of course, a feast. But let’s be honest, hosting a traditional Thanksgiving can come with a hefty price... This weekend, we decided to take a quick overnight trip to Minnesota. It was to record some music and spend time with friends, but we were determined to... This month marked a milestone for our family: It was our first month without a car payment after refinancing our vehicle through Summit Credit Union. With...