Five Ways to Financial Success in 2016

The National Association of Federal Credit Unions is offering five tips to help people strengthen their finances in 2016.

When it comes to finances little decisions add up over time. There are also big decisions to be made which can include changes to your accounts and changes to your lifestyle.

Here's how to set yourself up for success in 2016.

1. Create and stick to a budget – Track expenses and strive to live within your means.

2. Make savings a priority and weigh financial decisions carefully

3. Avoid unnecessary fees – Use automatic bill payment options to prevent late fees. Be aware of ATM fees. Know the fees associated with your banks and credit cards.

4. Choose the right credit card for you – Rates and rewards vary widely. What is best for one person is not necessarily the best for all. Shop around.

5. Review your financial statements/credit report regularly – Scrutinize financial/credit card statements to manage your expenses and to monitor your accounts for any unauthorized charges in your name. You can also request a free copy of your credit report once a year at AnnualCreditReport.com.