Get Financially Fit! | Time Is Money

Written By: Jeff Jaeger, Vice President - Menomonie Offices, WESTconsin Credit Union; and Cooper Larson, Teller, WESTconsin Credit Union

Time is money and hopefully for many young people this is something they are “RICH” with for quite some time to come.

Financial literacy and “richness” is an important part of growing up and becoming a successful adult. Starting these habits young and teaching young people good habits from the start will set them up for financial success in the long run. Saving money is a key to this. Feeling good about the money you have on hand can help take the stress out of every day expenses and future expenses, such as a first car or college.

Electronic Savings—Saving the easy way!

Setting up automatic savings is an easy way to save without even thinking about doing it. You can set up an automatic transfer out of your account weekly, biweekly, or even monthly, to savings accounts and loan payments. Now to put this in an easy perspective, you can think of savings as an ice cream sundae. A lot of different parts get put together to make one big yummy treat, just like a bank account!