Ten Steps to Financial Wellness for Women

Posted On: November 1, 2023
young women

Are you wondering if your finances are on track? Here at Extraco, we are committed to building people, businesses and communities. One of the ways we do that is through providing financial wellness resources. We've put together 10 items to review when doing your own financial check-in!


Financial Checklist:
  • Emergency Fund: Establish and maintain an emergency fund covering three to six months of living expenses. This safety net provides security for unexpected financial challenges.
  • Retirement Planning: Contribute regularly to retirement accounts such as a 401(k) or IRA. Take advantage of employer matching programs and aim to maximize contributions over time.

     Retirement Planner

  • Debt Management: Tackle high-interest debts systematically, focusing on credit cards or student loans. Develop a payment plan to alleviate financial stress and pay off high-interest debts. Thinking about consolidating some debt? We have partnered with Brazos Higher Education to provide you with student loan refinancing options. Click here to learn more!
  • Investing Education: Explore investment opportunities like real estate, stocks, or other ventures that align with your risk tolerance and financial objectives. If you’re not already familiar, educate yourself on the skills of investing and consider seeking guidance from financial advisors to diversify your portfolio. Don’t be afraid to learn new proficiencies and take risks. Not sure where to start? Watch this YouTube video to learn about the importance of hiring an investment manager!
  • Homeownership Preparation: If considering homeownership, start saving for a down payment and explore mortgage options while maintaining a good credit score. Ready to take the step and purchase a home? Our Extraco Mortgage team would be happy to help you get into your dream home!

Connect With A Mortgage Consultant        Get Home Insurance

  • Insurance Coverage Review: Evaluate and understand your health, life, home, and auto insurance coverage to ensure it meets all of your current and future needs. Get a quote from Extraco Insurance today, and see if you can save money on your insurance. Learn more about Extraco Insurance by clicking here.
  • Estate Planning: Establish or update essential legal documents such as wills, power of attorney, and other necessary documents to protect assets and loved ones. Click here to get connected with a Wealth & Trust professional.
  • Career Advancement and Skill Development: Take time every year to evaluate where you are in your career, next steps, growth opportunities, personal goals, and opportunities to increase earning potential.
  • Balance and Review Priorities: Regularly reassess financial goals and priorities, balancing saving for retirement, children's education, and other financial aspirations. Stay informed and flexible, regularly reviewing financial strategies and adapting as needed.
  • Child Expenses: Consider the financial aspects of childcare, education, and other related expenses.


We hope this list provided you with a starting point to check your financial wellness! We are here to support you each step of the way. Stop by your local Extraco branch, chat with us online, or give us a call to get started.

Important Disclosures and Information

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


  • Extraco Banks has a referral marketing relationship with the lender and will receive a referral fee for Brazos Loans funded as a result of that relationship.  Student and parent/grandparent loans are provided by Brazos Higher Education and are not underwritten by Extraco Banks.
  • Loans subject to credit approval