Your February financial gut check: how are those New Year's resolutions coming along?
We’re now more than a month into 2015 and it’s time to ask: how are you doing on your New Year's resolutions? Have you stuck to your plans? Are you getting any closer to your goals?
It’s no mystery why people make financial resolutions each December. The need to create financial stability is a constant necessity, and very much a part of our overall well-being. But figuring out how to create that stability is where most folks fail. Often times the resolutions made, while very noble, are unrealistic within the given circumstances. That’s where the credit union can provide a few tips for you to successfully set and attain short and long-range goals.
Improve your financial literacy.
Studies show people who are financially well-informed are able to take greater personal responsibility for their financial decisions, are more proactive and confident in their financial decision making, experience less stress at home and at work, and are more productive. Through your membership with the credit union you gain access to a vast repository of financial planning guides, resources and calculators, plus access to our professional staff.
Resolutions that make sense (and cents).
It's never too late to put a plan in place. The credit union may be able to help you set and achieve a few solid financial resolutions that are attainable and beneficial.
• Save money by refinancing an auto or home loan at a better rate or term*
• Manage credit card debt by opening a lower-rate credit card* and transferring multiple balances to it for free
• Set a monthly budget and stick to it (personal financial management software/apps can help)
• Pay bills on time every month by setting up automatic bill pay
• Start a retirement, college or vacation savings account and set up direct deposit
Realize true money-saving advantages.
Are you fully utilizing the benefits of your membership? As a member-owner of the credit union you have access to real money-saving advantages that banks just can’t (or won’t) offer. The average credit union member saves $300 a year due to better rates, free services and fewer fees. Free direct deposit, payroll deduction, online banking and bill pay are among the many advantages of membership.
Greenville Federal Credit Union’s mission is to help members live more rewarding lives (financially and emotionally) by providing access to affordable financial services and education. If you live, work, worship or attend school in Greenville County you can join the credit union. Contact us for more information about membership or our many services.
*Loan services are subject to credit approval. Rates and limits may vary depending on individual credit history and underwriting factors.
Posted on Thu, February 19, 2015
by Catherine James filed under