- People Aren't Saving Enough
- Racking Up Debt
- What You Will Learn in this Section
- Should I Borrow Money?
- Total Cost of Borrowing
- Think Before You Borrow–Key Considerations
- Where Should I Borrow?
Do you have enough money? Most people answer "no" when asked that question. You've probably seen the surveys... it doesn't seem to matter what your income is. Whether someone makes $30,000 or $300,000, all report that life would be much better if they just earned 10% more.
The secret to keeping more of your money lies in controlling your expenses. In order to accomplish that, you have to make a conscious effort to monitor where your money goes, take some time to examine your priorities and get your expenses in line with them.
That is the essence of financial planning: thinking and planning in the short term in order to prepare for a healthy financial future.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.