Meeting With Your Bank For Financial Advice
New Year’s Day is here next week and this is often the time I start to make goals for the new year. Some of those goals are financial goals. We are hoping to pay off some debt this year, do some home improvements and save a little more for our emergency fund. One of the things I recently considered is setting up a meeting with a personal banker at my bank.
Why Set Up A Meeting At Your Bank?
- I want to make sure I have the best accounts for my needs. There are so many account types these days and the ones I have are simply the ones I chose to open several years ago. Banks change things and often come out with new products, therefore I want to make sure I have the best accounts to meet my needs.
- We are considering consolidating some debt. In a perfect world, we wouldn’t have debt, but since we do, I want to manage it well. We hope to have it paid off in the next few years and that is going to take a good plan. I hear there are a few options for consolidating debt and I would like to meet with someone to know my options.
- I want to put an emphasis on savings. Right now we have a basic savings account, but as we begin to save more, I would like to look into a money market account. In addition, my husband has a 401k through his work, but I would like to look into a retirement savings option for me.
In Closing
It may feel weird at first to ask about any of this or schedule a meeting with your bank. Just remember that they do NOT feel weird. This is their world and this is their area of expertise. They want to keep you happy at their bank and they value your business. It is always great to get a second opinion when it comes to financial advice and we would be happy to look over any of your bank’s recommendations with you. After all, your accountant gives you financial advice and isn’t selling you anything!
