ST. CLAIR SHORES, MI, January 9th, 2025 –As the New Year kicks off, First State Bank is committed to helping individuals achieve financial success by adopting practical habits designed for long-term prosperity this year. With resolution-making and goal-setting in full swing, the bank seeks to share essential tips to guide clients toward a more prosperous and less stressful 2025.
First State Bank recommends building the following healthy habits this year;
Set Well-Defined Savings Goals
Saving for a down payment on a house, an exciting vacation, or building your savings account starts with clear objectives. General goals like “I want to save more money this year” are a great beginning, but measurable goals such as “I want to save $1,000 in the first six months of 2025” provide a roadmap to track progress. First State Bank encourages clients to create actionable and tangible savings plans for greater success.
Build Up Your Emergency Fund
Life’s unpredictability underscores the importance of an emergency fund. Financial experts recommend setting aside at least three to six months’ worth of expenses to cover unforeseen events. Even modest contributions, such as $50 per month, can accumulate over time, providing peace of mind and financial security when needed most.
Review and Adjust Your Budget Regularly
Budgeting is a cornerstone of financial health. First State Bank advises clients to regularly review and adjust their budgets to ensure they accurately reflect their income and expenses. Setting aside 30 minutes every two weeks to evaluate spending habits can help identify areas of improvement and keep financial goals on track.
Cut Down on Extra Expenses
With rising costs, cutting unnecessary expenses is crucial. The “48-hour rule” is a practical strategy: pause for two days before making impulse purchases to determine if they’re essential. Reviewing and canceling unused subscriptions is another way to free up resources for more critical priorities.
Find Small Ways to Invest
First State Bank highlights the importance of starting small when it comes to investing. Small contributions over time can grow significantly through compounding. The New Year is also an opportune moment to review retirement plan contributions, ensuring they align with long-term goals and aspirations.
Stay Informed and Educate Yourself
“In 2025, the best investment you can make is in yourself,” says Amy Persyn, Chief Marketing Officer of First State Bank. “We are thrilled to provide our clients with resources like our bank’s Financial Wellness program. Clients have access to tools that empower them to enhance their financial literacy. From budgeting to investing, these educational opportunities are designed to build confidence and reduce financial stress.” Visit www.financialwellnessfsb.com to learn more about the resources available to you.
As you embark on your financial journey in 2025, First State Bank is excited to support you every step of the way. With expert advice, tailored financial solutions, and exceptional customer service, the bank is dedicated to helping clients achieve their goals.
First State Bank is headquartered in St. Clair Shores, Michigan. With over 100 years of service
and $1.2 billion in assets, First State Bank serves Macomb County and Oakland Counties
with 11 branch offices located in Chesterfield Township, Clinton Township, Eastpointe, Macomb
Township, Richmond, Rochester, St. Clair Shores, Sterling Heights, Washington Township, and
a Loan Center in Clinton Township. For more information, please visit www.fsb.bank or call 866-
372-1275.
For Immediate Release
Company / Media Contacts:
Amy Persyn, Chief Marketing Officer, Senior Vice President
apersyn@fsb.bank
www.fsb.bank