​You work hard for your money but there never seems to be enough. If this is you, you are not alone. Actually studies show that this issue is not dependent on how much you make. In fact you tend to spend more if you make more, leaving you in the same boat, living pay cheque to pay cheque. So how do you save and build up some funds for an emergency or for your retirement? It is easy just pay yourself first.

The same day that you are paid, set up a transfer to another interest bearing account that you don’t have access to and forget about it. A rule of thumb is generally 10% of your income. So if you make $300/week then $30 is put aside. Now this does not sound like a lot but it will add up quickly. In a year you will have saved $1,560. Even if you cannot manage 10% start with something.  Anything.  Just make it routine with every cash inflow and before you start spending. Making it an interest bearing account will get your money working for you as you will earn interest on those funds without even thinking about it.

​Now that is smart!  ​Become a Financial Genius with Brilliant Advice from Your Credit Union.  For more information on the benefits of banking with a credit union call:     1-800-379-7757