Resolutions

Any time can be a good time to identify new financial resolutions and goals you'd like to set for yourself. That mindset allows you to reevaluate your financial well-being and make adjustments as needed. 

1. Make a budget
   Identify your fixed expenses, your must-haves, and your nice-to-haves. Consider which category (housing, entertainment, travel, etc.) you are spending money on and make realistic adjustments. TIP: The WSB Mobile Banking app provides spending insight and monthly breakdowns in the “Cards” section.
    
2. Manage your subscriptions
   There seems to be a subscription for anything and everything nowadays. You select it to save in the first place, forget about it, and then, get stuck with services or products sent on a recurring basis you may not continually need. Pause and evaluate your subscriptions to save in the long run.
    
3. Curb your enthusiasm for what’s trending in the moment
   Have you been influenced to buy something impulsively? It happens. But next time, pause. Add it to your cart and then give yourself 48 hours before placing the order. When you come back to it, you might realize that you do not actually need it.   
    
4. If you’re going to buy it, use your debit card
   Using a debit card can help you stick to your budget as the expenses are going directly out of your checking account. This process could make you more mindful about your spending habits. TIP: WSB offers a number of checking accounts to fit your financial needs and lifestyle. Also, you can easily track your purchases with your WSB debit card on the WSB Mobile Banking app and WSB Online. Finally, you can set up transaction alerts above certain amounts for security reasons and to bring awareness of your spending habits.
    
5. Be diligent and avoid financial scams
   From romance scams to bank impersonation scams, be diligent of who you interact with, what you click on, and how you share your personal information (just don’t). Remember: Watertown Savings Bank would NEVER contact you directly to ask for your Social Security Number, Bank Account, password, or any other confidential information.
   Be aware of any phone calls that may display “Watertown Savings Bank” on your Caller ID as that might be a caller ID spoofing scam. Hang up and call us back (617-928-9000) to inquire about whether we called you in the first place (generally, we do not call customers). 
   TIP: Set up real-time alerts on the WSB Mobile Banking app or WSB Online to be aware of any transactions or account activities (e.g. change of address, purchases based on amount or geographic location). 
    

You are in control of your finances. Bring awareness to your spending and find ways to save using financial tools at your disposal. You got this!