- Open a separate savings account to force yourself to build an emergency savings fund. Make it separate from your main financial institution, with no ATM card, so you will be forced to go into a branch to withdraw money.
- Get a library card. Check out some books on personal finance, either the paper version or the electronic version for your tablet (offered by many libraries).
If you overspend, you are not alone: the average American spends $1.33 for every $1 earned. Our spending habits have become so routine that we often forget the ways we are spending money on unnecessary things. Here are some tips to break bad habits, and set you up to achieve financial success.
- Automate your monthly budget
Tracking your finances can be difficult, so using a service like Mint can help you understand where your money is going automatically. These services will tell you how much you are spending on restaurants and entertainment versus essentials. Once you are armed with this information, you can make an informed choice about how to scale back.
There are times when money is tight, and understanding how to deal with that stack of bills can be very challenging. But don’t panic!
Here are some guidelines that can help you decide which bills you should pay first.
While the dust has barely settled on Independence Day festivities, the store shelves are already packed with back-to school supplies and clothes. The sales are underway online and in-store. So, while we still may be thinking sunscreen and summer fun, now is the time to think about saving money on the upcoming school year!
Whether you shop online or in the stores, a little planning can help you save a lot of money. Here’s some tips:
- Start your shopping early! Doing your homework early can often help you spend less and choose from a better selection of supplies.
Springtime means opening the windows, sweeping out the dust from over the winter and starting anew. It is also the opportune time to clean out your wallet or purse, that junk drawer full of receipts and those overflowing file cabinets. But where to begin?
It’s hard to believe that, while the calendar says September, now is the perfect time to start getting ready for the holidays. By making a plan, watching for sales and adjusting your budget, you can make this Christmas one that will be easier on your pocketbook. These helpful tips are brought to you by Accel, a company that Catholic Federal has partnered with to offer free financial counseling to members of the credit union; Accel’s personal finance counselors want to help you budget for the holidays so you can come out debt-free.
As we turn the calendar page to August, it’s hard to believe that more than half of 2015 has gone by. If you made a New Year’s resolution to clean up your finances, have you saved as much as you wanted? Have you paid down any debt or has your debt actually increased? The halfway point in the year is a good time to check in and see how you are doing. Here are 5 tips brought to you by Accel, a company that Catholic Federal has partnered with to offer free financial counseling to members of the credit union; Accel’s personal finance counselors want to help you better understand your 2015 finances, and how you can get back on track, as the holidays approach.
June signals the start of the summer wedding season and high school graduation parties. Many times, people don't plan ahead for such expenses. Kathryn Bossler from Accel, a company that Catholic Federal has partnered with to offer free financial counseling to members of the credit union; has put together a few tips to finance your summer events.
Have you ever wondered why you use money in a particular way? Many forces impact the development of your money personality. You make purchases to fulfill desires and to make yourself feel a certain way. Some spending influences include: advertising, media, society, friends, family, and easy credit. In addition, shopping is an “experience” to enjoy and there are so many goods that are so affordable.