Live Well. Below Your Means.

Saving for your future

By adopting the live well, below your means attitude, you’ll find ways to cut corners without compromising your lifestyle. It’ll take some commitment and a little self-control, but the dividends will definitely pay off.

Make some short-, medium- and long-range plans for your money, then figure out how much money you’ll need to save each month to reach those goals.

For example, if your short-term goal is to have a new deck in two years and you know it’ll cost $2,400, put $100 a month away specifically for that project. Do the same math with your medium- and long-range plans. Do you have the money to fund your monthly savings plan? If not, look at some ways to cut a few more corners.

Once you’ve got your plan together, DOCFCU has a variety of savings plans to help you get where you’re going, including interest-bearing savings accounts, Money Market accounts, Share Certificates, IRAs and more. For additional information, visit us at www.docfcu.org.

Links

moneycentral.msn.com and finance.yahoo.com/persoalfinance are two great resources for tips on how to manage your daily personal finances.

For tips on learning how to “pay yourself first,” visit www.feedthepig.org, www.americasaves.org, www.choosetosave.org and www.wife.org.

MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education.

Thoughts, Questions, Comments?

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