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Personal Financing

Saving

Don’t Break the Piggy Bank.

One of the best ways to make improve your financial life is to become a habitual saver. Having a healthy savings can help you live more stress-free. You’ll be prepared for unexpected expenses and be able to pay cash for big ticket items that you’d like to purchase. But saving takes discipline and may have you asking yourself some questions… What percentage should I save for retirement? How will savings help me now? Here are some quick tips to help you get started thinking about saving.

Rainy Day Saving.


Emergency Fund

An emergency fund is short-term savings in case the furnace goes out, a pipe bursts or little Jimmy breaks his arm. Financial Center’s regular savings is a great tool to help you create an emergency fund. To help you save regularly, you can set up automatic and recurring transfers from your checking account.


Credit Cards

Having a credit card can provide an extra line of credit when you need it, and it’s a great way to build your credit score. With so many choices out there, it’s important to shop for a credit card that offers competitive rates and low or no fees. Many cards offer reward programs for things like travel, merchandise, and even cash back. Just remember that being responsible with a credit card is of utmost importance. If you’re interested in opening a new credit card, check out Financial Center’s VISA® Rewards card

Retirement.

 

Your Salary

Saving for the future is something that should be on everyone’s radar. Let’s face it. We aren’t going to get any younger, and the cost of living isn’t going to go down. But, how much should we be saving and when should we start? Budget, lifestyle and expected retirement time frame are factors that all need to be considered. The earlier you can plant your retirement savings, the more time your money tree has to grow. Keep watering (saving) your money and the tree (your savings) will grow. Be mindful about saving more as your salary increases. You don’t want your tree to look like Charlie Brown’s Christmas tree.
How can we help you?


Saving money requires something many people don’t have—discipline. How can we be disciplined? Sometimes you reach out. People will help. Reach out to us. We have a variety of savings plans to help get you where you want to go.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI