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Could a Personal Budget Help You?
The purpose of a personal budget is twofold. It can help:
- Determine exactly how much money you earn.
- Figure out exactly how you are spending that money.
Be Honest with Yourself
A good personal budget requires an honest financial assessment. For many, creating a personal budget for the first time can be a little shocking ("I spend $115 a month on coffee?"), but also very satisfying ("I can save $100 a month by brewing my own!").
Goals
The primary goal of a personal budget is to minimize expenses and maximize savings. By cutting down on unnecessary spending and increasing your monthly savings, you can put that extra money toward important long-term financial goals like:
- Lowering credit card debt
- Paying off loans
- Saving for a child's college education
- Investing in a retirement account like a 401(k)
- Saving for a large purchase (home, car, boat, vacation, et cetera)
MoneyDesktop Can Help
While you can certainly create a successful personal budget with nothing but a pencil and paper (see our Budget Sheet under Forms), many people find it very helpful to use financial software. Tri-Town Teachers offers just such a package, called MoneyDesktop, to its members Free of Charge!
MoneyDesktop is an online money management tool, integrated into our online FLEXTELLER system that can assists you establish a budget and gain better control of your finances.
Budgeting, account aggregation, debt management, bill pay reminders and mobile access are just a few of the tools available in MoneyDesktop to help you along your way to better financial management.
Start Now!
To access MoneyDesktop, logon to Flexteller, our online banking center... and begin taking control of your finances today. To view helpful information and an informative video on our web site, click here
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To Forward
Please click on the "Forward email" button at the bottom to forward this to family members and colleagues. They too can benefit from membership in the Tri-Town Teachers FCU. They can join our mailing list by clicking on the "Join our Mailing List" button below.
Remember-
We're Not Your Parents Credit Union!
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