PERSONAL BUSINESS RESOURCES SERVICES ABOUT US Money Management Following is a wealth of information to help you manage your money more effectively. With free access to budgeting tools, financial counseling and other resources, we can truly help you achieve your financial goals. BUDGETING BUILDING CREDIT DEBT MANAGEMENT SAVING QUICK TIP After making a budget, periodically evaluate your plan. If your plan is lacking, or your situation changes, make the necessary adjustments. Start taking control of your financial situation by developing a monthly spending plan. It will help you make the best use of your money, ensuring you can cover all your financial needs. A budget includes your income and expenses. It’s the expense side of the budget that always seems to be the most challenging for people. When creating a budget, start with your monthly net income. Next divide your spending up into as many expense categories as possible in order to see where your money is really going. Below are some averages for a few of the major spending categories. Keep in mind, you should track your expenses for a month to determine the right ranges for you, and as you track each month moving forward you should make adjustments to fit your needs and goals. Tracking expenses is the key to maintaining and staying within the budget you created. Total Monthly Net Income (%) Recommended Monthly Expenditures How much should you allocate? Highest Recommend Lowest Recommend Housing Utilities Transportation Food Debt Payments 0 25 50 75 100 How We Can Help Money Desktop – All members have access to this easy-to-use, helpful tool to assist you with budgeting, account aggregation, auto-categorization of transactions and debt management. Log into online or mobile banking and select Money Desktop from the menu to get started. Email & Text Alerts – Set up alerts based on specific transactions, balances, insufficient funds, loan due dates, certificate maturities and many other options. Log into online or mobile banking and select Alerts & Notices to get started. Financial Education Center – View our Creating a Budget Module, an interactive learning experience in our Financial Education Center, to learn strategies, tips and tools to stick to your budget. Calculators – We offer a variety of online calculators to help you better manage your money and make wise financial decisions. Free Financial Counseling – All members have free access to GreenPath Financial Wellness, a money management and financial education counseling service. Certified financial counselors are available to assist you with a variety of financial needs and can provide you with worksheets and action plans to help you stay on the right course. Budgeting Online Module - Take this short Budgeting Basics online course, offered through GreenPath Financial Wellness, to learn tips for developing a budget and tracking your spending. Free Debt & Budget Analysis - SavvyMoney Checkup is a free and completely anonymous tool you can use to set up a budget and get a detailed analysis of your debt with proposed payment schedules and personal action plans. Checking Account Management - CheckRight is an educational module to help those who want to open their first checking account or have had difficulties handling an account in the past. Offered through GreenPath Financial Wellness, CheckRight will help you learn to manage an account, maintain a transaction register and create a spending plan. Direct Deposit - Set up an automated recurring transfer in online or mobile banking, or allocate a portion of your paycheck or other payment to be sent to your savings using your direct deposit to help you save. © 2021 PCFCU | Privacy Policy