Techlandia Issue 5- 2021/2022 - Page 98

Boost your financial health with First Tech .

As we emerge from over a year of tightened budgets and staying home , you probably have goals to get out and go places in the year ahead . As our work lives and social lives ramp back up , many of us might have to reconsider the ways we budget . If you ’ re looking to set some new savings goals or boost your financial health , you don ’ t have to wait to make a plan .

It ’ s always a great time to begin some good money habits , and First Tech is here to help . Start by setting a realistic goal , and writing it down . Be specific ! Maybe saving money hasn ’ t been your strength in the past , but identifying exactly how and why you want to save can go a long way .

Do you want to store away a certain amount for a future vacation ? Are you looking into buying a home in the coming year ? Perhaps you just want to make fewer impulse buys on the internet , and not spend money on the next sponsored item that floats into your Instagram feed . Whatever your ultimate goal , have a specific number that you ’ d like to save in mind . The more precise you can be , the easier it is to hold yourself accountable .

After you have a specific savings goal , take a good look at all of your accounts and understand how your money moves . There is a rhythm to the way we all spend money , everything from weekend indulgences to automated payments shape our monthly money flow . When you see patterns emerge in the way your income and expenses counteract each month , it becomes easier to identify exactly where the savings opportunities are .

After you take care of your bills and living expenses , try to set up an automatic transfer to a savings account every month . It doesn ’ t have to be much . An automatic deposit of $ 50 per month into a savings account would give you an extra $ 600 at the end of the year . A First Tech Rewards Checking account is a great place to start making the most of your money , with cash back rewards and low rates on credit cards , loans and more .

And because goals are always better when shared , try to find someone who can help hold you accountable . Think of it like having a workout buddy , but for your finances instead . Maybe you set up a friendly competition with someone to see who can save the most , or maybe you ’ d like to visit a financial advisor and start getting some professional advice . Either way , having a partner to help guide you will make it easier to get back on track when we inevitably stumble , and to celebrate our achievements when we reach our goals .

First Tech can be the financial partner you need to keep you honest this year . As a member-owned Credit Union , First Tech passes savings on to members in the form of high savings rates and low loan rates .

As a First Tech member , we invest in you :

• Convenient digital , face-to-face and self-service banking choices

• Founded by the tech industry and for the tech industry , with the support of the world ’ s most innovative companies

• Smart , sensible options for every stage of your life , whether you ’ re opening your first account or nearing retirement

• Member-owned financial cooperative with your best interests in mind

As you head out into 2021 and beyond , take a step towards being financially healthy by following along with our Financial Fundamentals series , and learn more about how we invest in you .