Category Archives: Your Budget & Savings

5 Easy Ways to Get Involved in America Saves Week and Save Successfully

America Saves Week

America Saves Week begins continues through March 1. The week is a chance for individuals to assess their own saving status and take financial action. Studies reveal that having a savings plan with specific goals can have beneficial financial effects, no matter your income level. Join us in setting and sharing your savings goals! Katie Bryan, Communications Manager with America Saves, encourages you to take time this week to select a savings goal and create a plan to save for it. Here are her tips, with links to extra resources:  1. Pledge to Save Those with a savings plan are twice as likely to save for emergencies and retirement than those without a plan. Join over 350,000 people who have already committed to save. When you take the pledge you can also choose to receive text message tips and reminders to help you save for your goal. 2. Assess Your … …continue

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Ask Tim Anything: ConnectU Facebook Savings Chat on February 25

Consumers ConnectU - Tim

As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your savings questions on our Facebook page on Tuesday, February 25 from noon to 1 pm. Do you want to learn strategies to boost your savings this year? Ways you can start saving today? How to save for a rainy day, a vacation, and more? Bring your questions! We’ll start the discussion with a post on our Facebook page. Comment on it with your questions, and Tim will respond as questions come in. Please remember that Facebook is a public forum. For your security and privacy, we ask that you never disclose any personal banking information online. Certain questions may require us to refer you to our Member Service Center for personal attention offline. If you have a question about your accounts with Consumers, please call us at 800.991.2221 for assistance.

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Love and Money: Valentine’s Day by the Numbers

Valentine's Hearts

Happy Valentine’s Day! Do you and your sweetheart have big romantic plans? Are you exchanging gifts—candy, roses, jewelry, or something less traditional? You’re definitely not the only ones! Check out this breakdown of Valentine’s spending. For instance, did you know that today is the single largest sales day for boxed chocolates annually? Of course, Valentine’s Day shouldn’t have to be about the money. It’s the thought that counts, right? For a cheaper date, bring your sweetheart by our offices to enjoy a cup of coffee on us. You might just find a surprise Valentine in the snow….we love our members! by kylatomdesign. Explore more infographics like this one on the web’s largest information design community – Visually.

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Tips to Get the Most Value from Your Tax Refund

Tax Savings iStock_000010937375XSmall

America Saves Week is coming up February 24 through March 1. To get us thinking about saving, Katie Bryan, Communications Manager with America Saves, shares some tips for using your tax refund to set the foundation for your savings efforts. Still need to file your taxes? Remember that Consumers Credit Union members save on TurboTax federal products. Tax time is one of the few opportunities when many households receive a sizable amount of money – especially if they take advantage of the earned-income tax credit. While it may be tempting to spend that money on wants vs. needs, saving your tax refund can protect you from needing to turn to payday loans or high-cost credit later in the year, and can serve as the foundation to grow your savings. Here are four ways to get the most value from your tax refund next year: 1. Pay down your debt. Use … …continue

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What’s Your Money Personality?

Puzzled Girl

The information in this post is provided by our partner Accel Financial Counseling. Accel’s counseling services and educational programs are available free to all Consumers members. 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. One way to evaluate your approach to money is to identify your attitudes about money. Where do you fit? Hoarder – The hoarder likes to save, budget, and prioritize Spender – The spender likes to spend Planner – The planner is the nitty-gritty, take-it-one-step-at-a-time type Dreamer – The dreamer hatches passionate schemes, but has no idea how to make … …continue

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Get your taxes done right – and enter for a chance to win up to $10,000!*

MemberBenefits_TurboTax

This year you could win triple your refund amount (or the amount you owe) when you do your own taxes with TurboTax. Simply try any TurboTax Online product and get an opportunity to win up to $10K..* No tax knowledge needed. TurboTax translates taxes into simple questions about your life, and puts your information in the right places for you. Double checks as you go. TurboTax coaches you every step of the way and automatically double checks your return for errors. You’re never alone. If you have questions, TurboTax has answers and is ready to help. As a Consumers Credit Union member, you save on Turbo Tax federal products. Start TurboTax now for free and be entered for a chance to win! *TurboTax Triple My Refund Sweepstakes. NO PURCHASE OR FINANCIAL DISCLOSURE NECESSARY. Open to legal residents of the fifty (50) United States or the District of Columbia, 18 years … …continue

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New How-To Videos on Our YouTube Channel

Online Banking

We’re always looking for ways to make your banking experience more convenient by bringing you the resources you need to manage your money. That’s why we’re creating a series of how-to videos to help you navigate our online and mobile banking tools. You’ve seen the first video, introducing our new enhanced transfer capabilities in Online Banking. Our latest video walks you through the process of enrolling in Online Banking as a first-time user. Have a friend or relative who’s new to Consumers Credit Union or Online Banking? Pass it on! Keep an eye on our YouTube channel for more upcoming tutorials!

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In Case You Missed It: A Recap of Our Ask Tim Anything ConnectU Facebook Budget Chat

Tim Kosak 2

As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be hosting monthly “Ask Tim Anything” chats on our Facebook page. In January, he took your budget questions. In case you missed it, here’s the play by play. Q: How would you make it fun? A: Great question! I recommend building in rewards. As you see your progress, reward yourself with something that doesn’t break the bank, like a dinner out or a movie. And keep the ultimate goal in view. What will this budget mean for your family? Is it a better house? College tuition? Use short term rewards and long term rewards like the bigger goals you’re working towards. Make it personal—use pictures and reminders to motivate yourself. Q: Tim, where do I even begin with this whole budgeting thing? A: First, get your team together. Who are the stakeholders? Make sure … …continue

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Ten Rules for Successful Money Management

Calculator

The information in this post is provided by our partner Accel Financial Counseling. Accel’s counseling services and educational programs are available free to all Consumers members. Always remember that the most important factor in using money wisely is not how much money you make, but how you manage your spending! Here are ten rules that can help you achieve financial success. 1. Arrange a family system for handling money and make certain that everyone in the family is involved and understands it. 2. Make a spending plan suited to your own income and needs. Don’t try to follow others – a spending plan is a personal system to help you and your family. 3. Decide on your family’s most important goals. Spend your money on things that will care for your family’s welfare and happiness. Take a minute to decide how important it really is to you and your family, … …continue

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