Save money in the new year

Looking to make an impact on your bottom line in 2015? Check out these ideas to whip your wallet into shape and start the new year off right.

1. Calculate your net worth. Get a good idea of your overall financial picture by taking a look at your net worth. Your net worth is the amount of assets you own minus your total liabilities (outstanding debt or payments). It helps create a clear picture of where you're spending and saving and where you might consider a change. Use this online calculator.
2. Reduce monthly insurance costs. When was the last time you took a good look at your insurance coverage and costs? Are you adequately insured for the size of your family and assets? Many people could get more coverage without increasing costs by bundling or taking advantage of other discounts. Contact Veridian Insurance or get an online quote. You might be surprised at how much you can save.
3. Update your savings goals. What are you really working toward? Whether it's a down-payment on a house or just a really cool new car, you can set up goals within Money Manager to help you acheive it. Log into online banking today to set up your goals. Money Manager also lets you add accounts from other financial institutions so that you can analyze your spending habits.
4. Consider refinancing to save money. Fill out our 5-minute survey and we'll check your loan rate and terms against our current rates. If we can save you money by refinancing, we'll help you take care of it. If not, we'll give you $5!
5.  Make a budget, and stick to it! Whether you tackle it yourself, or you reach out to one of our financial professionals for help, establishing a budget is one of the most important things you can do for your financial health. Start with one of our Home Budget Analysis calculator. Gather your income and expense information and using a budget worksheet, add up totals for each. Figure out where you can make small changes. Small steps can make a big difference.