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As we welcome a new year, many of us are eager to get back in shape, literally and figuratively. Gym memberships are flying off the shelves, and we're all determined to stick to our resolutions... at least for a few weeks. But while we're focused on toning our bodies, let's not forget about the importance of getting our wallets in shape too!

The Unhealthy Truth About Subscriptions

We've all been there—signing up for a gym membership with the best of intentions, only to find ourselves stuck in a contract we barely use. But gym memberships are just the tip of the iceberg. From streaming services to monthly box subscriptions, it's easy to get caught up in the excitement of trying new things and before we know it, our wallets are crying out for mercy.

Review and Cut Down on Unneeded Expenses

So, how do we get our wallets in shape? It starts with taking a closer look at our subscriptions and expenses. Ask yourself:

• When was the last time I used that gym membership?
• Do I really need two music streaming services?
• Is that monthly book club subscription really worth the cost when I can borrow for free from the library?
• Would a TV streaming bundle make more sense, instead of four separate services?
• How often do I use my Amazon Prime account?
• Did I forget to cancel a free trial?

Take the time to review your subscriptions and cut down on the ones that no longer serve you. It's not about depriving yourself of things you enjoy, but about being mindful of your spending habits and making conscious decisions about where your money goes.

Getting Your Wallet in Shape

At Middlefield Bank, we're committed to helping you achieve financial fitness. Our team of experts can help you:

• Review your budget and identify areas for improvement
• Create a personalized plan to cut down on unnecessary expenses
• Provide tools and resources to help you stay on track

Tips for Financial Fitness 

• Set SMART (Specific, Measurable, Achievable, Relevant, Time-Bound) goals
• Create a budget and track your spending (use an app to make it even easier!)
• Prioritize needs over wants (follow the 50/30/20 rule)
• Avoid impulse purchases and take time to think before buying (consider following the “no buy” trend)
• Consider automating your savings and investments (download the Middlefield Bank mobile app for convenient access to funds)

Get Started on Your Financial Fitness Journey 

This year let's make a commitment to get our wallets in shape. With Middlefield Bank by your side, you'll have the support and guidance you need to take control of your finances and achieve financial fitness. Open a savings account today to start putting away money for a better future. Plus, you can open an account online now: Open Your Account Today with MB's Digital Account Opening.

Stay Financially Fit with Middlefield Bank 

As you work on your physical fitness this new year, don't forget to give your wallet a workout too. By reviewing your subscriptions, cutting down on unneeded expenses, setting realistic financial goals, creating a budget, and making the most of your money, you can achieve financial fitness and enjoy a healthier, wealthier future.

Happy New Year from all of us at Middlefield Bank!