December 15th, 2025

Start the Year Strong

At MTC Federal Credit Union, we believe in working hard for hardworking people. The start of a new year is more than a calendar change—it’s your chance to take control of your financial future and achieve the goals you’ve been striving for. Whether it’s building savings, paying down debt, or improving your credit health, we’re here to help you start strong and stay on track.

1. Reflect on Last Year’s Finances

Before setting new goals, review your financial performance:

• Analyze spending habits: Use your bank statements or budgeting apps to identify trends.
• Evaluate savings progress: Did you meet your emergency fund or retirement targets? Pinpoint areas for improvement.
  
  

2. Set SMART Financial Goals

Make your goals Specific, Measurable, Achievable, Relevant, and Time-bound:

• Example: Save $6,000 for an emergency fund or pay off $3,000 in credit card debt by December 2026.
• Break goals into milestones and track progress monthly.
  
  

3. Build a Budget That Works

Follow the 50/30/20 rule:

• 50% for needs (housing, utilities, groceries)
• 30% for wants (entertainment, dining out)
• 20% for savings and debt repayment
  
  💡Use simple budgeting tools or spreadsheets to stay on track.
  
  

4. Start or Strengthen Your Emergency Fund

Aim for 3–6 months of living expenses. Begin with small, automated contributions to make saving effortless.

5. Tackle Debt Strategically

• Focus on high-interest debt first using the snowball or avalanche method.
• Explore refinancing options to lower interest rates and monthly payments.
  
  

6. Automate Your Finances

Automation helps you stay consistent:

• Set up automatic transfers to savings accounts.
• Schedule bill payments to avoid late fees.
  
  

7. Monitor Your Credit Health

Your credit score impacts everything from loan approvals to interest rates:

• Check your score regularly using Credit Savvy, our free credit monitoring and score watch tool.
• Take steps to improve your credit profile for better financial opportunities.
  
  

8. Get Personalized Credit Support

Managing credit can feel overwhelming, but you don’t have to do it alone. At MTC Federal, we offer complimentary credit consultations for members and potential members who need guidance on improving their financial health.

Our lending experts will:

• Review your credit report and identify areas for improvement
• Recommend strategies to boost your credit score
• Explore options to reduce interest rates and lower monthly payments
• Help you create a plan for long-term financial wellness
  

For members facing more complex debt challenges, we’ve partnered with GreenPath Financial Wellness, a trusted nonprofit organization. GreenPath provides in-depth counseling and debt management programs to help you overcome obstacles and regain control of your finances.

📞 Call 800-442-7792 to chat with one of our lending professionals or fill out the form below.

Success is a Process

At MTC Federal, we know that financial success doesn’t happen overnight—it’s built through hard work, smart planning, and the right support. That’s why we’re committed to working hard for hardworking people. Let us help you turn your financial goals into reality in 2026 and beyond.