Begin new year on budget

GRAND RAPIDS, Mich. (WOOD) - The beginning of 2013 is a great time to turn from struggling and stressing over finances to taking control of your spending and saving. Help is available to guide you toward a sound financial life. Jerri Schmidt from Option 1 Credit Union offers tips to help us learn to improve our bottom line. Creating a budget may be easier than you think. Keep in mind that everyone's budget will be unique. It's important to be honest when you work on your plan and to tailor the categories you'll use to your situation. Another key to success is to continue to update your budget monthly and make sure you include a plan to save. You can get great ideas from the book "All Your Worth: The Ultimate Lifetime Money Plan", which details a 50/30/20 plan that's effective and easy to follow. Contact Option 1 Credit Union to get started on a new year of savings and better budget practices today. 

Bottom Line:
Budget Tips for 2013
Option 1 Credit Union
-Be honest; Know your lifestyle
-Tailor categories to your situation
-Use budget as a tool, not as a diet
-Update expenses & spending monthly
-Start with a financial assessment
-Consolidate debt & plan to save
50/30/20 Budget Plan
-Calculate your after tax income
-Limit your needs to 50%
-Limit your wants to 30%
-Spend at least 20%
Savings and Debt Repayments
"All your worth: The Ultimate Lifetime Money Plan"
Get into a Credit Union
-Savings federally insured up to $250,000
-Financially sound, high capitol reserves
-Have money to lend, are lending
-Lower fees and loan rates, higher savings yields than banks
-Offer business loans and accounts, affordable rates and fees
Option 1 Credit Union
Branch Locations
Grand Rapids
630 32nd St. SE
4211 Plainfield NE
6750 Kalamazoo
3286 Alpine NW
Metro Health Village
1240 Chicago Drive
Jenison
Option 1 Credit Union
800-323-2129
support@option1cu.org
www.option1cu.org