Money management tips for adults of all ages
Whether you're just starting your financial journey or simply want to brush up on your money management skills, adopting smart financial habits is they key to achieving your financial goals.
At Abound, we value your financial wellness. That's why we've put together a few healthy practices to consider to help you stay on track with your finances:
Interested in a HELOC or Personal Loan? Visit your local branch today! Our team is here to help you find the best fit for your needs!
At Abound, we value your financial wellness. That's why we've put together a few healthy practices to consider to help you stay on track with your finances:
- Prioritize monthly payments - Prioritizing monthly debts is crucial to your financial health. You can request a free copy of your credit report at annualcreditreport.com to make sure you're staying current on things like your mortgage, car loan and other bills. A strong repayment history strengthens your credit score and leads to more affordable loan rates in the future.
- Start an emergency savings account - Emergencies can hit at anytime, and even the smallest, unexpected expense can derail your financial plans. Having an emergency Savings Account provides a safety net to cover these costs, so you don't have to resort to credit cards or high-interest loans. Plus, with our High-Yield Savings Account1, you can earn more on your savings! With market-leading rates1 and monthly dividend payouts1, you'll have peace of mind seeing your savings grow consistently.
- Pay debt off sooner - Have multiple high-interest loans? You can simplify your finances by consolidating your debt. If you're a homeowner, you can combine your payments into one with a Home Equity Line of Credit2 (HELOC). If you prefer a fixed-rate loan, a Personal Loan could be the perfect fit for you. By combining your debts into one payment, you can create breathing room in your budget, save on interest and get out of debt faster.
- Keep yourself safe from fraud - Fraudsters are always evolving, so it's important to stay up to date on common scams. You can protect your financial information by deleting scam messages, not clicking on unsolicited links and keeping your online passwords private. Be sure to monitor your account regularly for fraudulent activity. If you notice anything suspicious, contact us immediately and our team will guide you through the next steps.
- Talk to a financial advisor - Speaking with a financial professional allows you to plan confidently for the future. Whether you're building your emergency savings or planning for retirement, our Investments Team can help you optimize your funds to help you reach our financial goals. You can schedule an appointment here to explore what options are available to you.
Interested in a HELOC or Personal Loan? Visit your local branch today! Our team is here to help you find the best fit for your needs!
1 Dividend rates are variable and may be changed or discontinued at any time. Current rates can be found at AboundCU.com/deposit-rates. A blended annual percentage yield (APY) is calculated based on balances in each earning tier, and the exact APY will depend on the balance in the account. Dividends paid and compounded monthly. Limit of one High Yield Savings Account per primary member’s Social Security Number. Available to both business and consumer members. Subject to $10 Membership fee if not already a Member.
2 Rates and terms are subject to credit approval. Eligibility open to Kentucky or Indiana residents. Subject to $10 membership fee, if not already a Member. Subject to $249 application fee.
All loans are subject to credit approval.
2 Rates and terms are subject to credit approval. Eligibility open to Kentucky or Indiana residents. Subject to $10 membership fee, if not already a Member. Subject to $249 application fee.
All loans are subject to credit approval.
