Step one of building a better financial you: Create a spending plan.
If you find yourself with an empty wallet month after month then it's time to find out where your money is going! Start by creating a spending plan and tracking your expenses.
TIP: Use the online banking, bill pay, and e-statement services at AMOCO FCU. These are all great tools to help you better manage your finances.
This is how I started saving money. I hope this helps someone else. I would put $50.00 per paycheck in my savings until I had enough to buy a CD. The CD was for a year. Then when it matured I just didn't do anything with it and Amoco automatically renewed it for another year. As I saved and kept buying CD's I just let them roll over,interest and all. Also when I got my income tax refund in I took half of it and bought a CD. After about 3 years I had over $10,000.00 in CD's. Its as simple as that. And believe me I didn't suffer much. I still got my pedicures and went shopping on the weekends.
Posted by: LINDA | March 12, 2009 at 02:27 PM
Linda,
Thank you for sharing your savings tip! Setting up an automatic payroll deduction from your paycheck is the easiet way to save. The money goes right into your savings and before you know it, you have money for a rainy day. This is a great way to prepare for the holidays too. Remember, the holidays come at the same time every year so don't wait until the last minute and panic or go crazy charging gifts! Set up payroll deduction TODAY so you have some bucks to shop with.
Posted by: Tina - AMOCO team member | March 20, 2009 at 10:56 AM
Greetings to everyone involved with Amoco's exciting Earn or Burn contest! Mainland Medical Center, an HCA affiliated hospital, is excited to participate as the wellness sponsor for this wonderful Amoco campaign. We at MMC send our best wishes to all of the folks involved. We're cheering your efforts you as you travel the road to financial recovery, and we applaud your bravery.
Posted by: Deb | March 20, 2009 at 03:41 PM