National Freedom Day is around the corner. On Feb. 1, we commemorate Abraham Lincoln’s signing of the 13th Amendment, which abolished slavery and indentured servitude in the U.S.
But around here, the freedom we most commonly think about is the freedom that comes from proper financial habits. So we’ve been thinking about ways to celebrate your financial freedom.
Here are a few ideas:
Start a new savings account.
There’s no limit to how many savings accounts you’re allowed to have or to how much you can save. It’s entirely up to you. Even if you already have a respectable emergency fund and are doing right by your retirement savings, you can start another savings account.
Maybe you’ll use it to fund your summer vacation or next year’s holiday shopping. Or perhaps you’ll be able to use it to surprise your toddler with a car when he reaches driving age.
Do something for those less fortunate than you.
With the holiday season over, many charities struggle in the first few months of a new year. Whatever you can spare – whether it’s $10 or $1,000—would be appreciated and helpful. You’ll reap the emotional reward of knowing your money is doing good for others, plus your accountant will be happy to help you take the tax deduction.
Over the past several months we’ve been working with Ronald McDonald House, Working Wardrobes and Shadetree.
Use Your Smartphone.
Take advantage of mobile banking capabilities to check your accounts. One of the joys of our age of technology is the ability to keep on top of our money and what it’s doing at any time of the day or night, from the comfort of our own home office or in the backseat of a taxi.
Like the song says, “freedom isn’t free,” and that’s especially true when we’re talking about financial freedom. It takes hard work to earn and maintain your financial freedom, so on this National Freedom Day, you deserve to celebrate!