By: JPMorgan Chase & Co
By: JPMorgan Chase & Co
When was the last time you checked your bank account balance? According to a recent study, more than 60% of Americans check their balance at least once a week. If practiced correctly, this habit can help you achieve your financial goals.
Whether you are looking for your financial independence, preparing a long-awaited vacation or saving for the down payment of your first home, it is important that you are aware of the tools and knowledge available that will contribute to make your financial path as simple as possible.
Let’s talk about the basics first. Managing your money can be overwhelming, but it doesn’t have to be. Understanding things – like budgeting, saving, paying your bills, or even establishing a good credit score – are knowledge that can help you at any point in your life. Even in tough times, when many are faced with increased financial and job security uncertainty, understanding critical financial skills can make all the difference.
If you are not sure where to start, how to progress Or simply if you want to update your knowledge, consider the following to successfully prepare your way forward and take control of your financial future.
Advice and tools
The JPMorgan Chase Financial Goal Center is a great place to start. Start by choosing a goal, like saving, budgeting, or establishing credit, and check out tips, offers, and tools that will make it easier for you to stay in control of your financial future. The page Grow Your Savings , for example, has an interactive calculator which prepares a plan to achieve savings goals and highlights how Autosave tool can help you manage a regular savings program that allows you to normalize your situation and meet your goals. Other resources are also available, such as budget spreadsheets with which you can monitor and track your monthly expenses, as well as tips on using the Credit Journey tool to establish and protect your credit, and general information about checking accounts. low-cost designed to provide access to anyone who has had trouble obtaining or maintaining an account in the past.
Capital reserved for business owners
Education, support and reliable resources are the basic first steps to gaining knowledge financial assets, as well as having access to capital. Through JPMorgan Chase’s Entrepreneurs of Color Fund, we are working to provide more access to capital for prospective entrepreneurs, current business owners, and communities that have historically struggled to obtain it. JPMorgan Chase is also setting aside funds specifically for Latino, Hispanic and African American business owners. Visit your local branch and speak with a Chase for Business representative to see if you qualify.
Equitable Mortgage Loans
A way we hope to increase the number of owners in Latino, Hispanic and African American communities is through our mortgage 2021 DreaMaker from Chase , which makes applying for your first mortgage or refinancing a current one more achievable with a lower down payment, offering reduced mortgage insurance, more flexibility around your credit score, potential assistance grants, and education courses for home buyers.
No matter what your financial situation is, making a budget or saving are fundamental habits that can help us all to recover from unexpected situations in life or to maintain control and meet your goals . That’s why JPMorgan Chase is there to help everyone have open conversations about what it means to be financially healthy, while providing the support, tools and advice to do so. Financial health is a journey and we can help you plan now and for the future.
For more resources, information, and access to tools that can help you achieve your financial goals and objectives, visit chase.com/personal/financial-goals.