By LIDDIE MARTINEZ
President, Los Alamos Region
Enterprise Bank & Trust, Member FDIC

As we settle into 2022, many of us have already begun working toward resolutions for the months ahead. Now is a perfect time to organize your finances and set yourself on the right path to accomplish your new year’s goals.

Budgeting is a great way to get organized and increase your personal financial awareness. Start by determining your monthly income and expenses to understand where your money is going instead of wondering where it went.

Identifying and eliminating your “budget busters” or the small amounts you spend without planning for, can often lead to a large sum of money over time. For example, according to data from The Consumerist, the average worker in the U.S. currently spends over $1,092 a year on coffee alone. 

Creating a budget can help provide you with direction and give you a big picture view of your finances to help you set priorities for spending. When done right, a budget doesn’t have to feel restrictive, but rather empowering because you have a plan for your money. Enterprise Bank & Trust has many financing tools available to help keep you on track. 

Our Personal Financial Management tool allows remote budgeting and finance management through aggregation of your accounts across multiple financial institutions, so you can access balances and transactions all in one place, on any device. You can also visualize your budget, spending and debt payoff with easy-to-read charts. Simply log in to the online banking platform to get started.

Taking control of your spending habits and cutting out unnecessary expenses can give you the opportunity to pour more funding into the things that matter most. You can also get in touch with one of our local bankers today to set up a personalized financial plan that’s right for you. I wish you all a safe and successful year ahead—happy budgeting!