Build Your Financial Resiliency
Financially Coping
Your financial health score indicates you’re doing well managing some aspects of your financial life while other areas could use some attention to help build your long-term financial resiliency.
We’re Here for You
Consistency is key when navigating your financial life. Consistently spending less than you earn, paying bills on time, having manageable debt, maintaining a good credit score, and having adequate emergency savings, all play a key role. Explore the steps below to build your financial consistency.
No Cost Financial Counseling
Sometimes getting an outside opinion can give you a fresh perspective. Regardless of your financial situation, we highly recommend visiting with one of our Certified Financial Counselors.
This service is free with your Clearwater membership, and they can help you develop or evaluate your budget, create a debt paydown strategy, and help you learn how to better navigate common financial challenges.
Monitor Your Credit
As a Clearwater member, you can access your credit score and report at any time for free without negatively affecting your credit. Just log in to Clearwater Digital Branch from any device and tap ‘Credit Score’ to register.
Once you register, explore the Credit Score tool for tips and information on how to improve your credit score. Having a strong credit score offers many financial advantages, including better rates on loans. Come back anytime you wish to see how your score is improving.
Master Your Monthly Budget
Setting and adhering to a monthly budget is a crucial step in building financial consistency. If you do not have time to meet with one of our Certified Financial Counselors, just visit the Budgeting section of our online Financial Education Center for some great budgeting tools and advice.
Control Your Spending
Consistently spending less than you earn is another big step in building your financial resiliency. Explore the Spending section of our online Financial Education Center for videos and articles that can help you spend less on everyday expenses, identify hidden fees, and even how to vacation on a budget.
Build Emergency Savings
Having 3-6 months of emergency savings can help you better manage life’s financial curveballs like appliance or car repairs, unexpected medical expenses, job loss, and more.
Setting up automatic savings deposits from your paycheck can help you build consistent savings habits. Keep track of your savings goals with Clearwater Digital Branch. Just log in from your PC, tablet, or mobile device, and tap ‘Financial Wellness’ > “Setup Savings Goals.’
Pay Down Debt
Having a manageable debt load is another critical element of building your long-term financial resiliency. Having too much debt, especially revolving credit card debt, can have a big impact on the quality of your financial life as well as your physical and mental health.
Explore the Managing Debt section of our online Financial Education Center for videos, articles, and tools to help you take control of your debt.
Discover Your Money Personality
Understanding your money personality can help you develop a healthier relationship with your finances. Take our Money Personality assessment to understand the strengths and weaknesses of your relationship with money, explore how to manage your money in a way that makes sense for you with personality-specific articles, and find out how your money personality compares to others.