March 24, 2010
If you haven't already begun thinking about savings for later in life, now might be a good time to start. Studies have shown that the past two generations have developed significantly poorer savings habits than their predecessors. Much of this is due, experts say, to high buying capabilities, accessibility, credit cards, and lack of financial ownership at earlier ages. And yet, habitual money saving is a critical step in any healthy financial status or program. What most of this younger generation is failing to realize is that time is on their side, but ticking away.
Work towards financial stability with your local credit union
With compounding interest, a retirement investment will gain huge rewards if started at the age of 23 versus the age of 30. Believe it or not, seven years could mean tens of thousands more in stashed cash. If you're curious about how to manage money better or increase your money literacy in order to make more educated decisions about your financial future, you may have a hard time getting the information you need from a bank. Most banks don't provide you with free, no obligation financial advice, even if you're banking with them.
That's not how it is at Financial Center (FCFCU). At Financial Center you receive member-owned customer service that is about giving you the best experience and total security. With online adviser programs and free seminars, or face-to-face advice, you will find complete confidence in the knowledge and expertise of the professionals at your local credit union.
Financial Center offers excellent savings products that most banks are not able to offer. Competitive IRAs, money market accounts, share certificates, high interest savings accounts, and even HSAs, are all available. This Indianapolis Credit Union is ready to educate you to better financial freedom.