Complete Your Annual Financial Health Check-Up 


Consider doing yearly financial health check-ups with these tips and tricks! 

Woman looking at computer

Your physical wellbeing isn’t the only thing that benefits from a yearly exam! When was the last time you checked in on your financial health? Curbing excess spending, creating a budget, monitoring your credit, and setting financial goals are all important ways to help build a foundation for financial success. So don’t ignore your spending and savings a minute longer, get empowered using these tools from Wells Fargo to help meet your financial goals:  

Check your spending. Late payments and subscriptions all add up over time. Skim through your accounts and see what extraneous spending you can eliminate—do you really need to subscribe to several streaming services? Sometimes, a one-time payment is worth the few dollars extra instead of registering for a costly subscription you may not use. Enroll in autopay if you’re forgetful about paying monthly bills on time. Not only will it save you from late fees, on-time payments may help boost your credit score too! 

Know your credit score. Understanding and managing your credit score can feel like a mystery. Thankfully, Well Fargo’s Credit Close-UpSMmakes it easy by providing complimentary monthly access to your FICO® Score1 and full Experian credit report. This enhanced experience provides a summary of your credit report and personalized, easy-to-understand tips so you can own the skills to track, raise, or maintain your score. It can also help you identify possible errors or potential fraud before they become bigger issues.  “Keeping track of your credit score is just as important as maintaining a budget,” says Sandra Nudelman, EVP, Head of Consumer Data and Engagement Platforms for Wells Fargo. “We want our customers to be credit score savvy and able to make informed financial choices. By providing access to meaningful information and education, Credit Close-Up gives you the power to understand and manage your credit, and create smart money habits, so you have more options if you’re looking to borrow money or need to make a financial decision.”  

Evaluate your use of credit. Establishing a healthy and strong credit history and choosing the right credit card are important components of one’s financial health. A card with easy-to-understand terms and a cash back feature are all great qualities to look for. Your credit card should help  support your financial goals and the Wells Fargo Active CashSM Card can be a great tool to help get you there. There’s no annual cap on the amount of cash rewards cardholders can earn, and rewards won’t expire as long as the account remains open. “It’s important to ensure your cards are a fit for your lifestyle and spending habits,” says Krista Phillips, EVP, Head of Branded Cards & Marketing for Wells Fargo. “One reason customers are loving our Active Cash card, is because of how easy it is to earn 2% cash rewards on purchases with no categories or quarterly activations to track. It’s a simple, straightforward option for people who want a high-value card but aren’t interested in playing the card rewards game.” 

Plan ahead. Setting realistic financial goals for your household is one of the best ways to track progress and hold yourself accountable. Committing to paying bills on time, regularly checking your credit score, keeping credit usage under 30 percent, and saving roughly 20 percent of your income per month are all easy ways to make a big impact. But don’t be afraid to enlist the help of an accountant or financial advisor if you need help. Choose someone who makes you feel comfortable asking questions and who answers all your questions in a way that’s easy for you to understand.  

1 FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.