2023 need not mean unnecessary stress and debt.
Whatever your circumstances are we hope that by encouraging you to look at your finances honestly it will help you highlight where your money is going and start you on the first steps of budgeting and managing your money more effectively.
Budgeting is the key to managing your money.
While most of us find budgeting boring it is absolutely essential – a budget is a plan of money you expect to receive and how you expect to spend it.
A budget is important because it will show you:
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How much money is coming in?
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How much money is going out?
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How much money have you left after your expenses are paid?
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What are your plans for the future?
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Remember at Crossmaglen Credit Union we are here to help.
How much money is coming in?
How much money is going out?
How much money have you left after your expenses are paid?
What are your plans for the future?
Remember at Crossmaglen Credit Union we are here to help.
Track
Keep track of your spending. Keep your receipts or take note of what you spend your money on. It will help you understand where your money is going, and it might just be an eye opener.
Budget
Estimate your income and expenditure for a set period and budget accordingly. Be realistic and don’t underestimate!
Save
Get into the habit of saving. Try to save at least 5% of your regular income for emergencies.
Be Prudent
Shop around and get the best deals and look at cost comparison websites.
Borrowing
There are times in our lives when we may need to borrow for those special events and for those bigger items e.g., cars or home improvements. When this occurs we advise you to contact Crossmaglen Credit Union and speak to a member of our staff who will be happy to assist you.