Author: Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha
As we begin 2020, now is the perfect opportunity to make a plan and get your finances in order. Simple strategies can be an effective way to ensure financial success for the year to come, and there’s no better time to enact these financial resolutions than at the start of the year.
In today’s blog, we explore some simple ways to give finances a refresh – to help maximize both your savings and your overall Enable Alabama experience:
Set an Attainable Goal
This year, in addition to creating and consistently re-evaluating your 2020 budget, set a particular financial goal to help motivate your savings efforts. Whether this be a certain amount saved – even if it is a small amount – or saving up for a specific item or experience, outline your goal and the tactics you’ll use to achieve it.
Do Your Research
Knowledge helps empower better financial decisions, which is why it’s important to fully understand what is considered a qualified withdrawal. Read up on what your Enable Alabama account can cover, for the list may be more expansive than you think. Click here to explore the full list of qualifying expenses.
Additionally, there are several websites that may offer discounts and free services for individuals with disabilities, so before making any purchases check to see if you are eligible for any additional savings.
Utilize the Automatic Investment Plan (AIP)
The Automatic Investment Plan is a great option to consider if you do not already have automatic contributions set up. This feature allows Account Owners to schedule recurring contributions to their Enable account, setting the stage for a hands-off yet consistent approach to savings. With AIP, you can focus on engaging with other day-to-day responsibilities while remaining assured that your savings are taken care of. Click here to learn more.
Stay up to date on all things Enable Alabama, and proactively monitor your account. If you see something you have a question about, reach out to the Enable Alabama team at 1-866-833-7949 or via email at firstname.lastname@example.org.
To all of our Account Owners, we wish you great health, great savings, and a great year ahead.
As always, Enable Alabama is here for you in your savings journey. Additional resources available for Account Owners to utilize include the Enable Alabama Winter Newsletter, as well as our Facebook page (@EnableSavingsPlanAlabama).