Sponsored content from JPMorgan Chase.
One year after the pandemic, many people’s financial management methods have changed. As our recent Digital Banking Attitudes Research has emphasized, as spending needs vary and income changes in some cases-balancing budgets, savings, and monitoring credit have become primary considerations.
Leslie Holland International Chase Branch Manager
“Regardless of your financial situation, budgeting and saving are two key habits that can help us all recover from unexpected moments in our lives,” said Leslie Holland, branch manager of Chase International. “Another important habit is to understand how credit works and the components of a score. That’s why we are here to help everyone have an open conversation about what financial health means, and provide support, tools and advice to achieve this goal. “
Chase launched a new Financial Health website with information and tools designed to support budgeting, savings, and tracking credit scores. To help consumers further manage their ever-changing financial needs, here are some tips for maintaining financial health:
Make a budget to meet your needs. Three-quarters of people worry about setting a flexible and realistic budget for their lifestyle. It is good practice to update your budget frequently to clearly understand where and how you can give and receive. There are some digital tools that can help you keep an eye on your expenses and income, and let you find gaps or ways to save.
Use technology to help you stay on track. More than one-third of credit scores are based on payments on time. Financial technology can help you manage your bills and how to get paid. Automate as much as possible and set transaction alerts for deposits and withdrawals. If you use the Chase Mobile app, we have a video to help you set it up.
Monitor and protect your credit. Nearly 75% of Americans worry about improving their credit score. Some behaviors may affect your credit more than others, so a clear understanding of your credit score is important. Sign up for Credit Tour for free.
This is important if you are considering applying for a loan or credit card, or refinancing debt or a home loan.
Set aside savings as much as possible. 89% of Americans worry about preparing for unexpected expenses.
Depositing money in an emergency fund can help you feel at ease. In addition, by saving regularly, you will have financial flexibility to help achieve your goals for 2021 and beyond. Use the online calculator to check your savings. Even setting aside a few dollars a week can help you prepare for unexpected situations and save money for short-term and long-term plans.
Stay alert to fraud. Fraud continues to prevail. To stay up-to-date, please refer to the recommendations of the Federal Trade Commission. It is wise to triple-check any social messages, emails, or requests received. Please note that if we contact you, Chase will not ask you to provide confidential information, such as your name, password, PIN, or other account information.
If you need help, check the payment plan. If you are worried about payment, please contact your mortgage, car, or credit card company and ask if they have any payment reduction plans. For example, Chase customers can find support on COVID-19, including options to postpone payments or get credit card, car, or mortgage waivers.
Financial health is a journey, and we can help you think about your current and future plans. Also, remember that you can contact community organizations and city and state resources that can help you get assistance when you need it.
For resources, tools, and information on how to manage budgets, increase savings, and build credit, please visit Chase.com/personal/financial-goals.
