Every year, people make new year’s resolutions to improve various areas of their lives. While everyone’s list of goals is different, one of the most popular areas of improvement is finances.
Whether the desire is to increase earnings, improve credit scores, boost savings, or develop better money management habits, unfortunately, most people–as with many resolutions–give up within the first few months of the year.
Why is it so hard to accomplish financial resolutions (or any resolution, for that matter)? Although there are many reasons, lack of resources and support are the most common. When you’re trying to do something new or break old habits, having access to the right tools can make the process more manageable. That’s where ONE comes into the picture.
How to Accomplish Your Financial Resolutions with ONE
The next logical question would be to look for a financial establishment that offers banking and credit solutions to consumers. ONE is just that.
Account-holders receive a checking account that includes multiple features and add-on services. Some advantages of ONE include minimal fees, mobile check deposit, early direct deposit, high-yield savings, low-interest rate credit lines, and credit building options.
How Does ONE Assist With Financial Goals?
Having an account benefits your journey to financial stability. Below is a closer look at how many of the features and add-ons can lend a helping hand in accomplishing financial resolution.
Gain Control Of Your Finances
Before becoming financially stable, you must learn how to organize, manage, and control your finances. ONE has multiple tools to assist you. Its online platform enables customers to see their financial accounts in real-time, 24/7.
Users can log on and see how much they have to spend & save and share this information with other household members. They can also use sub-accounts called Pockets where they can create categories that match their budget, add money, and schedule transfers for more efficient spending and expense management.
Save More Money
What things are you trying to save for in the next 12 months or more? Whatever you are saving for, ONE can help you reach your savings goals a lot faster. The company prides itself on keeping fees and rates low, resulting in more money in the bank. Customers don’t have to worry about application fees, minimum balance charges, monthly maintenance fees, or wire transfer fees as they would with a traditional bank.
That’s not the only way you can save more with ONE. The Savings and Auto-Save pockets accrue interest at 3.00% APY, which is much higher than other financial institutions. With the Auto-Save Pocket, users can set aside the spare change from everyday transactions. While saving $0.39 might not seem like much, it’s worth the investment when you add it to the change from your other transactions and the interest.
Finally, if need access to cash, ONE offers a credit line to qualifying customers. They can receive up to $10,000 to use at their discretion. The best part is they save on interest as ONE offers low APR.
Build Your Credit
Credit is king. You can do anything when you have good credit, from getting a high-balance credit card to buying a house. Unfortunately, not everyone has good credit, which is why being a ONE account holder works in your favor.
ONE has a credit builder offer for customers interested in improving their credit. There’s no application fee, and the credit builder account is interchangeable with your spend account.
Simply deposit money into the credit builder account and use it to complete everyday transactions. ONE holds the money you spend to make a full, timely payment at the end of the month. The payments are reported to the credit bureaus, improving your payment history. As your payment history improves, so does your credit score.
There are many aspects to becoming financially secure. However, a person that can manage their finances, save money, and improve their credit is on the path to accomplishing their goals. If you’ve set financial resolutions this year but worry you’ll fall short, consider giving ONE a try. Their convenient banking and credit products go a long way to providing the tools and support you need to get it right and accomplish your financial resolution.