Episode 102: Savings and Debt Management
Savings and Debt Management
Don’t let savings and tackling debt be an intimidating topic. Create a plan and stick to it. A structured savings strategy and the determination to pay off unwanted debt will quickly guide you to the financial future of your dreams.
Casey and Kelli remind of the importance of first establishing an emergency fund of at least $1000 to protect the budget and any unplanned occurrences.
Kelli encourages conversation among families to determine what savings are needed for your household specifically. She elaborates on important tips to help keep savings top of mind. Preparing properly as well as setting up certain safeguards will ensure you hit those goals and take care of the expenses in the foreseeable future.
As you set up your savings, remember to check your dividend earnings. Kelli shares valuable lessons to support you reaching the maximum benefits.
As debt is discussed, tips are provided on how to keep it from escalating to more than you can handle as well as important directions on the most effective way to pay off debt.
Being apart of the Credit Union family comes with big rewards and benefits for the entire family. Listen as Kelli and Casey share how they have been personally influenced by real life earnings.
Without savings and debt management, you will cease to grow financially.
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