This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

PNC Bank Provides New Year's Resolution Tips For Millennials

PITTSBURGH, Nov. 13, 2013 /PRNewswire/ -- Each year, more than 40 percent of Americans, across all generations, make New Year's Resolutions. Many want to improve their health or travel more in the new year. Others seek to fix their finances. Sadly, only 8 percent of people who set New Year's Resolutions actually achieve success.

A recent PNC Survey of more than 3,000 millennials identified savings and budgeting as their biggest financial issues. Fifty-six percent found it difficult to stick to a budget, while 65 percent had trouble consistently saving. 

"The PNC Virtual Wallet team understands the financial pitfalls individuals face throughout the year," said Mike Ley, senior vice president of digital experience, The PNC Financial Services Group. "Saving and budgeting go hand in hand. Millennials can't be successful in one and not the other. These financial resolution tips were developed with the Virtual Wallet customer in mind."

For millennials focused on fixing their finances in 2014, PNC offers the following tips:  

  1. Track your finances like the seasons: First things first – get organized. Keep a calendar, ideally through your bank account. Track money coming in and out of your account daily, weekly or monthly. This helps you better understand where you are financially throughout the month and accurately gauge how much additional money you can set aside in your savings.
  2. Save without thinking: Create automatic savings rules within your account to increase your savings around important bank transactions each month. It takes little time to set up and streamlines the savings process. Move $25 into your savings every pay period or $10 into your savings after you set up monthly bill pay. Regardless of the amount, save at a point in the month that fits your financial needs. Be the boss of your account and make it work for you.
  3. Obey your budget: Use categories to compare expenses month-to-month. Use that information to take note of what you are spending money to buy. Eating out too much, or grabbing a $3 coffee midmorning at work? Skipping that extra cup of Joe can save you $60 a month.

By following these steps, millennials should be on their way to a financially promising 2014. For more information on how to take control of your finances, visit www.pncsites.com/PNCMoney101/.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC ( www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

CONTACT: Timothy Stokes(412) 762-0278 timothy.stokesjr@pnc.com

SOURCE PNC Bank

Stock quotes in this article: PNC 
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs