As you bid farewell to 2019 and sail into 2020, take a few moments to review your financial health.

With an eye towards the future, you can make this year the one in which you finally take control of your money and learn how to make it work for you in the best way possible.

Life is inherently dynamic, and none of us knows what tomorrow, next year, or the next few decades will bring. The best way to ensure financial solvency under any circumstances is to be as prepared as possible. You can do this by setting up an account at FSCU today. Financial Security Credit Union is a not-for-profit financial institution owned and operated by its members for the benefit of all who belong. Founded in 1954, on the basic premise of the cooperative movement, we believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. Here at Financial Security Credit Union, we strive to have the best/most elite products, services, and staff in Eddy County.  Providing these products and services that are specific to credit unions as well as being exclusive to Financial Security Credit Union is important to us. This allows us to instill the core values and operate for our membership with H.E.A.R.T. (Helpful Excellence Ambitious Reliable Trustworthy); therefore, membership with FSCU offers many benefits.  For $26.00, anyone living and/or working in Eddy County, New Mexico and the immediate family of such persons can become a member. With any type of account here at FSCU, you can utilize it to help prepare you for the future.

Here are some of the best ways you can use the funds in your savings account:

1. Emergency fund. Financial experts recommend setting aside 3-6 months’ worth of living expenses to tide you over in case of an unexpected life event that affects your earning ability, like a job loss, illness, or divorce. You’ll sleep better at night knowing you have enough funds to get you through a challenging time.

2. Save for college. Put yourself or your child through college for a lifetime of increased earning potential with the money in your savings account.

3. Buy a house. Save up for your dream home by building up your savings account.

4. Pay for your wedding. Why wait until the ring is on your finger to start saving for your special day? The earlier you start saving, the easier it will be.

You can also use the money in your FSCU account to buy a new car, take a dream vacation, launch a business, or fund the purchase of a recreational vehicle like an RV or a boat. The sky’s the limit!

Start building your savings today by looking for ways to cut back on your spending and to boost your income. Use any extra cash you have to pad your savings account.

Let Financial Security Credit Union help! To help you make good on your savings goals, we’ve put together a list of 10 takeaways you can implement in your financial life today:

  1. Give up one impulse buy a week.
    Skip the $6 latte—just once a week. Your budget will thank you.
  2. Trim your grocery bill.
    Review your grocery spending and find one or two products you can cut back on. You can also go generic on some products to save big.
  3. Cut one subscription.
    Are you really reading all seven magazines you subscribe to? Find one subscription you can do without.
  4. Give up an expensive hobby.
    There are so many cost-free ways to unwind, from reading, to walking, to listening to music, to spending time with friends. Why waste money when you don’t have to?
  5. Get yourself a side gig.
    Earn some extra cash by freelancing in your chosen field on weekends, selling stuff online, or blogging for money.
  6. Create a short-term financial goal.
    Are you saving up for a new entertainment system? A new phone? Find something within reach and start saving!
  7. Create a long-term financial goal.
    What’s it going to be—a house? A new car? Dream big!
  8. Create a savings timeline.
    Crunch the numbers to determine how long it will take you to reach your goals. Work out the exact amount of time it will take, and be realistic about how much you can set aside each month.
  9. Automate your savings.
    Give us a call to ask about linking your checking account and saving account. We can set up a monthly transfer to your savings account so your savings grow while you sleep!
  10. Give more.
    Donate more of your time or money to charity. You always gain when you give. Face the future with confidence by taking concrete steps today to ensure your financial wellness tomorrow.