We all know that a solid budget and prudent money management can help a family find financial wellness. The trick is where to start. Here are a few ways you can reach financial clarity.
Never Forget about Your Taxes: Taxes should be an important part of your budget. You might pay taxes automatically through your paycheck, but if your deductions are off, you could owe money in April. Check with your payroll department and make any changes necessary. If you’re self-employed, save enough every month to pay your quarterly or annual tax liabilities without going into debt.
Always Invest in Your Future: Does your employer offer a 401(k) program or other retirement plan that matches funds? Take advantage of it. By meeting the basic requirements, your retirement savings will grow.
Track Your Budget and Spending: If you don’t carefully track every penny you spend, start now. There are plenty of smartphone apps out there to help you track your budget. Plus, when you use your InRoads debit card and Online Banking, you can instantly see where you’ve spent your money along with your current balance.
At InRoads Credit Union, we can help with your financial wellness. Our Financial educator, Ryan Beardmore, is available at no cost. Call 800.940.5009 ext. 701, or email [email protected]. You can also stop by any branch, call 503.397.2376, or visit us online at inroadscu.org.