2020. Just reading those numbers probably makes you cringe. My apologies. Anyway, 2020 has been a dumpster fire for the most part, but it can’t all be bad! We all know money is tough for a lot of people right now, and a lot of people are thankful for their credit unions at this time. One thing I’ve learned about CUs is that they care about the well-being of their members. If you or someone you know is looking for a way to improve their financial situation going into 2021, here are three ways you can be more proactive with your finances…
Redirect a little at a time: If you have no savings, it can be depressing. But there’s no spell or potion that will magically stock your savings account. You just have to start putting a little way at a time. Saving manually is hard, so I recommend (and I’m sure I have many times before) automating it. If you normally dump your whole paycheck into your checking account, redirect a portion of those funds into your new savings account and before you realize it, you’ll have enough money in there to help out when an emergency arises.
Spend your free time differently: Maybe you have a full-time job and you’re a full-time parent and working more isn’t really an option. But if you’re single, with no kids, and you spend most your free time sitting around depressed while thinking about your finances, then maybe it’s time you find something else to do. You can sell your stuff, wait tables on Saturday nights, or you can find a side hustle, but whatever you choose, it’ll give you less time to be depressed about your low funds when you’re spending that time making money!
Do some research: You may never fix your money woes if you don’t make an effort to find out what you could be doing better. Whether your problem is saving, spending, investing, or budgeting, spend some time reading up on personal finance and you might eventually come across a tip that will change your life. It sounds easy, but sometimes it’s the little things that make all the difference.