Too often, we make financial decisions without knowing the full picture of our income and expenses. This can lead to overspending, missed opportunities to save, and stress when unexpected expenses arise
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Saving through automatic deposits or transfers is the most effective way to save and helps make it easy by allowing you to choose what and when you’ll save.
In recent years, Buy Now, Pay Later (BNPL) options have exploded in popularity. At checkout (whether you’re shopping online or even in-store), you may see an offer to split your purchase into several smaller, interest-free payments. On the surface, it appears to be a convenient and budget-friendly option.
Debt can be a heavy weight on your finances. It can hinder your spending in the short term and cause your savings to fall far behind in the long term. Fortunately, by being specific about your priorities, you can save money and pay down your debt.
Debt can be a heavy weight on your finances. It can hinder your spending in the short term and cause your savings to fall far behind in the long term. Fortunately, by being specific about your priorities, you can save money and pay down your debt.
Building an emergency fund can align with your personal values, bringing balance between enjoying the present and protecting your future. An emergency fund does more than cover surprise expenses—it reduces the stress and uncertainty that often come with life’s curveballs. With money set aside, you can face challenges with confidence instead of panic, avoiding high-interest debt or scrambling to rearrange your finances.
If you have little to no savings, you’ll want to start saving for emergencies. If you have emergency savings, you may want to start saving for a home, retirement, or education. There’s ALWAYS something to save for, but if you aren’t naturally “good” at savings, the idea of saving money can be daunting. It could feel like a burden. Or like you’re giving up something concrete for something more elusive. The truth is that we can ALL be great at savings! You have to start small, think big, and create a reasonable plan and recognize where you are in your journey. In fact, we’ve learned that there are SEVEN key phases or steps to starting your savings journey and being successful.
Every great story begins with a strong foundation, and your financial story is no different. Whether you’re saving for your first home, building an emergency fund, or simply trying to stress less about money, the habits you create today will support the chapters that follow.
Women’s History Month often looks backward at legacy. But across Oregon and Southwest Washington, women are shaping the future of their communities right now.
Special recognition: Oregon State Credit Union would like thank our members and Congressman Kurt Schrader (D-OR) for joining 20 other members of Congress who shared their thoughts and concerns on the proposed IRS reporting mandate.10/28/21 4:00 PM update Congressional leaders on Thursday outlined a new reconciliation package for the President’s FY 2022 budget. The updated … Read more