Helping Our Members Become Fiscally Responsible

Fiscally responsibleBeing fiscally responsible is ageless. Many of the simple basic lessons that we use to teach our children financial responsibility always apply, no matter what your age.

  • Having credit cards are both a curse and a blessing. While they offer a sense of financial security knowing funds are available in case of a major emergency, it’s so easy to find yourself using them for daily expenses or impulse purchases.  Never spend more on your cards than you can afford to pay in full each month.
  • Set a budget. There is no reason you should be surprised at the end of the month when there isn’t enough money left to pay all the bills. You should always know how much money you have coming in and going out. Remember to include in your budget yearly or bi-yearly payments for things like car insurance, dues and subscriptions and medical and dental expenses.
  • Save. And then save some more. Follow the golden rule of paying yourself first. This can easily be done by having your credit union automatically transfer a portion of your direct deposit earnings into a savings account each pay period.
  • Be concerned about your own financial future and not keeping up with your neighbors.
  • Stop instant gratification and start considering your long-term financial future. Then and only then, will you be on the right road to being fiscally responsible.

 Photo: The Pioneer Woman

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About the Author

Stephen Harvey Originally from South Carolina, I am now happy to call L.A. home. I'm a technology hound that enjoys all things digital. Helping others with social media makes me happy. When I'm not plugging in, I enjoy home brewing and BMW's. Feel free to contact me if you have any questions regarding social media or the Internet.