Budgeting: Planning. Paying. Conquering. FCCU.org In order to get ahead of debt, be honest with yourself when creating a budget. Start now to create your budget. 5 steps to smart saving and spending 1. Get a true picture of how you spend your money. Track your purchases for at least two weeks and then group them into categories to figure out how much you spend each week, month, and year. 2. Make a list of your income. Write down your salary and any other income you might receive on a regular basis to give you a grand total of income for a year.
Monthly Saving and Spending Plan Build your own plan to budget for expenses and save at the same time. Add or change categories based on your life. Income Salary (after taxes)
$
Other income
$
Total Income $
Fixed Expenses (same amount each month)
Variable Expenses
(vary month to month)
Savings $ Gas $ Car Payment $ Food $
3. Evaluate your situation. Do your income and expenses even out? Are you spending more than you are making?
Auto Insurance $ Entertainment $
4. Create a spending and saving plan. It is better to estimate that you’ll spend a little more and make a little less than you think. Look for easy ways to save, like taking your lunch or cutting back on entertainment.
Cell Phone $ Clothing $
5. Put your plan into action.
Utilities $ Medical $ Mortgage/Rent $ Life Insurance $ Tuition/Student Loans $
Gifts
$
Other $ Other $
Total Expenses $
Total Income - Total Expenses = $
(amount you can save)
2013: Triumph. Over. Debt.
Conquer your debt in 2013 with the help of First Community Credit Union!
2013 can be the year that you rest easy knowing you are making strides in the fight against debt that is hanging over your head. Or, you can rest easy that you found ways to save more and keep your hard earned money where it belongs – in your pocket.
No matter what your financial situation is, FCCU has all the tools to give you debt relief.
Also, look into refinancing your mortgage to secure a lower rate. By doing this, you will save money and could even knock years off of your mortgage.
Pay off credit card debt faster! Transferring high rate balances to a low rate Platinum Card allows you to enjoy 2.99% APR* for the first 12 months! This means, that high rate debt will be paid off faster and save you money!
Simplify Debt.
Consolidate debt to one low monthly payment with a Debt Consolidation loan. If you are overwhelmed with your debt and keeping up with all of your payments, a Debt Consolidation loan is a great avenue to explore. Work your way to financial freedom with just one simple monthly payment!
Refinance and Save.
Refinancing your auto loan mortgage can really add up!
or
At FCCU, we can lower your auto rate with rates as low as 1.99% APR** and terms up to 72 months!
Refinancing can save you quite a bit of money which can help you conquer your debt in 2013.
Home Equity
Using your home’s equity is a smart option when it comes to paying off debt. Home Equity Loan rates have much lower rates than personal loan rates which means you pay less for the money you borrow. Plus, the savings you have built up will not be disturbed! Keep your savings intact and pay off your debt with a low rate Home Equity Loan. It’s a win-win solution.
Make 2013 your year to say you triumphed over debt!
Other options to consider:
Click to FCCU.org and find the button ‘Browse our Products’ to find the right products that will help you triumph over your debt in 2013. Explore our Debt In Focus tool to help you set a budget. Plus, it will give you tips on where to cut some costs and save. Let’s get started on your Debt Relief Plan! Step One: Develop your budget. This is the most important step. Figure out what you are working with so you can start making strides to reducing your debt. Use the basic budget sheet on the other side to start setting a budget for yourself and your family.
Step Two: Go to FCCU.org and apply for your debt relief today. Or, visit any branch location and a representative is here to help!
Together we can do this!
*APR = Annual Percentage Rate. Certain credit criteria applies. 2.99 intro rate valid for new cardholders only. **Certain credit criteria applies. Rates/Terms subject to change. Rate quoted includes all applicable discounts. Complete details on all products at FCCU.org