Skip to Content
Close Icon

Beachwood Office (888) 801-1666 Open Geo Locator

Your Preferred Branch

Beachwood Change Location

25201 Chagrin Boulevard
Suite 120
Beachwood, OH 44122

Phone: (216) 359-5580
Fax: (216) 359-5581

View Driving Directions

Change Preferred Branch

  • Beachwood Office
    25201 Chagrin Boulevard, Suite 120 - Beachwood

  • Chardon Office
    348 Center Street P.O Box 1078 - Chardon

  • Cortland Office
    3450 Niles-Cortland Road - Cortland

  • Dublin Office
    6215 Perimeter Drive - Dublin

  • Garrettsville Office
    8058 State Street - Garrettsville

  • Lake County Loan Production Office
    8373 Mentor Avenue - Mentor

  • Mantua Office
    10691 Main Street - Mantua

  • Middlefield - Main Branch Office
    15985 East High Street, P.O. Box 35 - Middlefield

  • Middlefield - West Branch Office
    15545 West High Street. P.O. Box 35 - Middlefield

  • Newbury Office
    11110 Kinsman Road, P.O. Box 208 - Newbury

  • Orwell Office
    30 South Maple Street, P.O. Box 66 - Orwell

  • Plain City Office
    490 South Jefferson Avenue - Plain City

  • Powell Office
    10628 Sawmill Parkway - Powell

  • Solon Office
    6134 Kruse Drive - Solon

  • Sunbury Office
    492 West Cherry Street - Sunbury

  • Twinsburg Office
    2351 Edison Boulevard, P.O. Box 560 - Twinsburg

  • Westerville Office
    17 North State Street - Westerville

Contact Us
Online Banking Login


Home Blog New Year, New Financial Goals

New Year, New Financial Goals

Posted On: January 4, 2021 by The Middlefield Banking Company in: Budget Savings

New Year, New Financial Goals

If you haven’t decided on a New Year’s resolution, we have some ideas for you! Whether you’re saving up for a big purchase or have a pile of debt to work on, make 2021 the year you focus on your funds. Below are some ideas of financial goals you can set. 

Short-Term Goals 

When you set a short-term goal, you normally aim to accomplish it within 1-12 months. The following examples are goals you should aim to attain by next New Year’s Eve: 

  • Build an emergency fund 
  • Save for next year’s Christmas gifts 
  • Create a new budget 
  • Pick three bills to cut down on (cable, cell phone, etc.) 
  • Open an IRA 

Mid-Term Goals 

Mid-term financial goals can range in the time period in which you accomplish them, but typically they take about five years to achieve.  

  • Save for a down payment 
  • Build on your emergency fund 
  • Pay off credit card debt 
  • Save up for a vacation 
  • Improving your credit score 
  • Increasing your income 

Long-Term Goals 

Setting a long-term goal usually means you plan on accomplishing it withing 5-10 years. How many years you decide to give yourself depends on how much debt you have, how many kids you plan on and other factors unique to your situation. However long it may take you, here are some examples of long-term financial goals: 

  • Save up for retirement 
  • Start your own business 
  • Pay off your student loan debt 
  • Save for your child’s college, wedding, etc. 
  • Becoming debt-free 
  • Pay off your mortgage 
  • Establish financial security 

Now that you have some ideas, pick your favorite short-term, mid-term and long-term goals to accomplish and make it happen! After a long and unexpected 2020, let’s make 2021 the best financial year yet. Contact us to learn how we can help you take hold of your finances this year.