The Key to Financial Savings
So what is the key to financial prosperity and savings? Key Savings CU is here to help teach you how to be financially independent through savings!
The Key to Savings is through budgeting & investing wisely!
So What is Savings?
Savings is the practice of putting money aside from your income. This means that you save the money for later use, and typically you would want to put this saved money into an investment account so that it will actually earn additional money while being saved.
What is Budgeting?
Budgeting is allocating your income to certain things. You would typically do this via a spreadsheet, and you want to include all bills, savings, and additional spending.
What is Credit?
Credit is very important in today’s world, as it gives you the ability to borrow money to buy expensive items that you wouldn’t normally be able to afford.
If you are able to budget correctly, you should allocate typically 20% to savings and put that savings into an investment account so that it will grow in value. If you do this, you will become financially secure, happy, and independent!