Welcome To Making Money Prosper
At every stage in life, we all need a routine checkup for our financial health. That is why we’ve launched Making Money Prosper! This blog is dedicated to you, our PEFCU members. We’re here to help you live your best financial life by teaching you to successfully save, invest, and manage your money. Adulting can be hard–we get it! We want you to find success through all of life’s stages: like purchasing your first car, traveling the world, planning for retirement, and everything in between. At PEFCU, our goal is to educate you and your family about your personal finances…
One-Minute Read: Building a Budget That Works in the New Year
A fresh year is the perfect time to reset your finances. No matter your income or goals, the right budgeting method can help you stay organized, reduce stress, and make steady progress toward a stronger financial future. Here are four simple strategies to try: Pay Yourself First Treat your savings like a bill. Set aside money for savings before paying anything else. Automating this step makes it easier to prioritize your future. The 50/30/20 Rule Break your take-home pay into three buckets: 50% for needs (housing, groceries, insurance) 30% for wants (fun spending) 20% for savings and debt payoff You…
