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Step 4: Review and Communicate

Continue to track expenses Find places to save (spending leaks) Analyze and revise plan Does your plan fit with your goals? What are some examples of changes you can make if expenses exceed income? Share on our Facebook Page

Step 3: Balance Income & Expenses

How does your cash flow? Goal: Match income with expenses If income > expenses, save more! If expenses > income, make changes Matching income with expenses is the step that many people don’t make time for, but it’s important to do if you wish to make the most of your resources and achieve your goals…. Read more »

Communication is Part of the Process

As a family of four (mom, dad and 2-teenage boys), it would be so much easier if I could just setup our spending plan and ‘tell’ the others “this is what it is; now follow it”. But it doesn’t work that way and sometimes starting the conversation with others is the hardest part- especially after… Read more »

Where does your money go?

The little things add up… Once you start tracking your expenses, you’ll figure out where your money is really going. Then you can identify your spending leaks. Activity Where Does Your Money Go

Step 2: Determine Monthly Expenses

The 2nd step of building a spending plan is to determine your monthly expenses. Expenses can be broken out into three groups: Fixed (mortgage/rent, car payment) Flexible (food, utilities, clothes, gifts) Periodic (insurance, taxes) What are additional examples of fixed, flexible and period expenses – not listed here- that are part of your budget? Please… Read more »

Five Steps to a Successful Spending Plan- Step 1

Our posts this month is following the guidance of the five basic steps outline below.  It is important to remember that as you begin your plan, be flexible. Make adjustments as you go along. It can take several attempts to determine the categories and amounts that work  for your particular situation. Step 1: List all… Read more »

SMART Goals

Activity My Smart Financial Goals Remember the SMART goal example used to payoff the $1,200 credit card balance? “I will pay off my credit card debt of $1,200 within 12 months by taking lunch to work instead of eating out, and drinking regular coffee instead of expensive latte daily”

Benefits of Managing Money & SMART Goals

We all know that there are many benefits to managing money: Free up time = Do the things you enjoy Less stress = Better health Achieve goals = Satisfaction Greater control = Peace of mind The main thing is that knowing where you are and where you want to be is key to any successful… Read more »

Do you have a Spending Plan?

Is ‘saving money’, ‘paying off debt’, ‘going on a great vaca’ and/or ‘buying a house’ part of your New Years Resolution?  No matter what time of year it is, having a Spending Plan WILL help you meet your financial goals. Over the next month, we’ll be posting about the Five Steps to Build a Successful… Read more »

Notice of Fee Changes

Your credit union is always working hard to minimize operating expenses to pay members the highest deposit rates and offer the lowest loan rates possible.  After a full review, the Board of Directors has approved the below fee changes, effective February 15, 2019.