A quote by country music star Brad Paisley seems to make its rounds on social media at the beginning of each year: “Tomorrow is the first blank page of a 365 page book. Write a good one.”
While we’re still early in the New Year, it’s worth looking at how we can make it the best year possible. Bill Miller, loan officer with Carolina Farm Credit in the Browns Summit and Graham offices, shares these five tips to stay on track financially.
Your debt situation is another part of the assessment. Minimize revolving debt such as credit cards. Keep an eye on home equity lines of credit. Over the past year the prime rate has gone up several times. This can affect both credit card and home equity lines of credit, resulting in higher rates for you.
“Slow and steady wins the race,” says Miller. “You can overload the wagon really fast. Make your plan, seek expert advice when needed, and make adjustments throughout the year.”
To read more about Carolina Farm Credit, our members and the ag industry, check out issues of our Leader magazine—you can read them online.
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