Learn to budget

Financial Wellness Center

Learn to Love Saving Money

Turn your spending into saving, and you may find that you love watching your money grow.
Here you’ll find trusted advice and judgment-free financial guidance to help you develop the habit of saving money.

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Saving money requires discipline, sacrifice, and commitment. But learning to love savings can lead to a healthier and happier financial life.

50/30/20 Rule
50% to needs  30% to wants  20% to long-term savings
The 50/30/20 rule is a simple, practical rule of thumb for individuals who struggle to budget. It offers guidelines for enjoying your income while putting savings on autopilot.
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Saving With A Purpose
This 3-minute activity will help you set concrete savings goals and show you how much you need to save every month to reach them.
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Make a savings goal

  • How much do you need to save?
  • How long do you have before you need the money? 
  • How many pay periods are available to save the money? 
  • For example, you might need to save $5,000 over 2 years for a down payment to buy a house. If you get paid once each month, you need to save $208.33 each pay period to achieve your goal
  • Determine whether you will save towards your goal each pay period or each month

Money Management

Emergency fund

Do you have 3-6 months of living expenses prepared in the event of financial hardship?

Unexpected car repair, a medical or vet bill, a home appliance replacement, or a family emergency. The cost of peace of mind is priceless and can greatly improve your quality of life.

An emergency fund in place gives you more confidence that you can tackle life’s unexpected events without taking on detrimental debt.

Money Management

 
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