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What's New
Lifelong Money Management Tips
It's never too late to get your financial records organized. Here are some tips to help you sort through all the records.
Keep a home file that includes:
- Information on credit and debit cards, checking and savings accounts
- Copies of insurance policies, warranties, guarantees, and contracts
- Information on home mortgages, land, and other property
- Information on motor vehicles and driver's licenses
- Copies of birth, marriage, death, divorce, and citizenship papers
- Copy of will, last instructions, and safe deposit box keys
- Tax records for the last six years
- Records of pension plans, education, medical, and employment
- Current household inventory
Keep a safe deposit box that includes:
- Birth, death, marriage, divorce, adoption, and citizenship papers
- Property Deeds
- Motor vehicle titles
- Stock and bond certificates
- U.S. savings bonds
- Important contracts
- Military discharge and veteran papers
- Patents and copyrights
- Important disks or CDs
- Photos of your home inventory
As a member of Tower Family Credit Union, you can take advantage of the Accel program, a
free financial education and counseling program. An Accel counselor can help you get
organized. To use this new service, simply call
1-877-33ACCEL (332-2235) or visit them on the web at
www.accelservices.org.
Reducing Expenses to Achieve Your Goals
Achieving your financial goals sometimes requires you to make adjustments to your family budget. And quite
often it is the expense side of the budget that can generate the biggest results in the shortest period of
time. It's not how much you earn in your lifetime, but how much you spend that can keep you from achieving
your goals.
So, if you have a financial goal in your life, take a look at your spending as a way to save the money
to achieve that goal. The exercise below can help.
| Can Your Family: |
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| Reduce grocery expenses |
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| Cut down on meals out |
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| Cut consumption of non-nutritious beverages |
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| Maintain current home |
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| Find more economical living quarters |
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| Take on more home maintenance and repair jobs |
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| Eliminate hired help inside the home |
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| Use utilities and household supplies more carefully |
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| Avoid buying new home furnishings unless needed |
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| Consider used furniture |
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| Select easy-care household fabrics and appliances |
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| Spend less for clothing and personal care |
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| Cut down on trips to beauty shop or barber shop |
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| Purchase a more economical car |
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| Cut down on vacation travel |
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| Use public transportation |
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| Cut down on expensive hobbies or activities |
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| Take advantage of free activities |
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| Make use of the public library instead of subscriptions and purchased books |
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| Use public recreational facilities |
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| Reduce contributions or make them proportionate to income |
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| Give fewer gifts or spend less on gifts |
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| Cut back on face value of life insurance |
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| Know what income is not taxed |
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| Keep present group health insurance |
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| List some of your own ideas for cutting expenses |
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Need help with your financial goals? As a member of Tower Family Credit Union, you can take advantage
of the Accel program, a free financial education and counseling program.
Accel counselors are available Monday through Thursday 8 a.m. to 10 p.m. (EST),
Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 1 p.m. To use this
new service, simply call 1-877-33ACCEL (332-2235) or visit them on the web at
www.accelservices.org.
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