• Seven Steps to Refresh Your Finances this Spring
    Neighborhood bank offers consumer tips for eliminating financial clutter

     

    Orland Park, IL (April 18, 2014) – The season for spring cleaning has arrived and while most people may be focused on organizing closets, cleaning garages or scrubbing floors, Marquette Bank encourages local residents to clean up their finances as well.

     

    “Spring is a great time to take a hard look at your finances and identify ways to manage them more efficiently,” Betty Kosky-Harn, Executive Vice President, said. “By getting your financial house in order, you can set the stage for a stronger, more secure future.”

     

    Marquette Bank offers the following tips to help customers cut back on financial clutter this spring:

     

    • Evaluate and pay down debt.

    Take a look at how much you owe and what you are paying in interest. If there are better rates available now, consider requesting a lower credit card interest rate or refinancing your mortgage. Begin paying off existing debt, whether that’s by chipping away at loans with the highest interest rates or eliminating smaller debt first.

    • Review your budget.

    A lot can change in a year. If you have been promoted, had a child, or become a single income household, be sure to update your budget. Determine what expenses demand the most money and identify areas where you can realistically cut back. Develop a strategy for spending and saving and stick to it. 

    • Check your credit report.

    Every year, you are guaranteed one free credit report from each of the three bureaus. Take advantage of these free reports and check them for any possible errors. Mistakes can drag down your score and prevent you from getting a loan, or cause you to pay a higher than necessary interest rate. 

    • Sign up for online statements and paperless billing.

    Converting to paperless billing will help keep you more organized by eliminating paper clutter.

    • Set up automatic bill pay.

    By signing up for automatic bill pay, you will never have to worry about a missed payment impacting your credit score. You can set it so that money is withdrawn from your checking account on the same day each month.

    • Consolidate your accounts.

    Managing several accounts can be challenging. If you have open accounts that you rarely use, consider closing them. Although, it’s important to note that cancelling accounts may come with a fee or impact your credit score. Consider moving all of your accounts to a neighborhood bank because your money stays in the community and helps fuel the local economy through jobs, home loans and business lending.

    • Download your bank’s mobile app.

    Many banks now offer mobile apps that allow consumers to manage their finances from the palm of their hand. With the click of a button, you can make a deposit or access a record of all of your recent transactions.

     

    Marquette Bank offers free financial planning and reviews for local residents, including budgeting, managing monthly bills, college savings plans, home financing reviews, retirement reviews, post-retirement reviews, estate plans and wealth transfer plans. Call 1-888-254-9500 for more information on these no cost, no obligation services.


      

    About Marquette Bank:     

    Marquette National Corporation is a $1.5 billion diversified financial holding company for Marquette Bank. Marquette Bank has been a locally owned and operated bank providing personalized banking service since 1945. Marquette Bank is a full-service, customer-focused neighborhood bank that serves the financial needs of Chicagoland communities, offering an extensive line of financial products including retail banking, home financing, trust services and business banking. Marquette Bank has a lending portfolio of almost $1 billion in Chicagoland and offers home mortgages, multifamily lending, commercial mortgages, lines of credit, commercial real estate loans and small business lending. Marquette Bank regularly offers free financial literacy and education seminars, workshops and classes to customers, schools, senior groups, community organizations and local residents including personal financial and home buyer education classes. Marquette Bank has 22 retail branches located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Lawn, Oak Forest, Orland Park, Romeoville and Summit, Illinois. Marquette Bank provides customers mobile banking, online banking and telephone banking options and free access to over 55,000 Allpoint and Starsf ATMs worldwide.

    Marquette Bank is an Equal Opportunity Lender, Equal Housing Lender and Member FDIC. Connect with Marquette Bank on social media on Facebook, Twitter, LinkedIn and Tumblr. For more information visit: http://www.emarquettebank.com or call 1-888-254-9500.