Last updated 16 days ago
Everyone loves to go on vacation, but no one likes to pay for transportation, eating out, and accommodations. Fortunately, there are many ways in which you and your family can have a great vacation without spending a fortune.
This video discusses a few tricks to help you cut costs during your next vacation. To save money on airfare, consider signing up for a free service that notifies you of price drops on flights to your favorite destinations. It’s also a good idea to keep an eye out for coupons that help you save on everything from car rentals to meals at restaurants.
If you need some financial assistance this holiday season, consider taking out a Christmas or vacation loan from GCS Credit Union. Call our O’Fallon branch at (618) 219-8600 to speak with a representative about credit cards, auto loans, and other important issues.
Last updated 17 days ago
Creating and sticking to a budget are perhaps the most important parts of staying afloat financially. Knowing how much you make and how much you spend can prevent you from relying on credit cards and slipping into debt. However, life is full of complications that could compromise your ability to follow your budget.
Anticipating Utility Bills
Electricity, water, gas, garbage, cable TV, and internet cost the average household hundreds of dollars each month. However, the cost of utilities tends to fluctuate throughout the year. For instance, heating your home in cold weather can make your winter utility bills significantly higher than late spring or early fall utility bills. When budgeting for utilities, be sure to overestimate. If your bills are much higher than you expect, there could be something wrong with your furnace or water heater.
Losing Track of Spending
From buying a cup of coffee in the morning to having drinks with friends at night, there are a lot of ways you can spend money throughout the day. Though minor expenditures may seem harmless at the time, they can add up over the course of the month. To avoid an unpleasant surprise when you look at your account balance, be sure to include incidental expenses in your budget.
Incurring Unexpected Expenses
One of the most important aspects of putting together a budget is making sure you devote a portion of your income to savings. Living paycheck to paycheck is not sustainable, and is a recipe for slipping into debt. Having extra money in your account can help you deal with auto accidents, injuries, and other unexpected expenses. Though you hope you never have to use your emergency fund, it’s nice to know it’s available.
For additional help sticking to a budget, contact the team at GCS Credit Union. We’ve been providing apt financial advice and banking services in Southwest Illinois since 1941. Call us at (618) 219-8600 to speak with a representative or visit our website to learn about our auto loan and credit card services.
Last updated 22 days ago
Earning extra money is a great feeling, but what can you do to really make it work for you? Spending it on shopping and nights out might be fun, but doing so will rob you of the opportunity to really make a difference in your financial life. Here are some ways to make extra income work for you.
Start by prioritizing your financial goals. Think of short-term things, like paying off debt, and long-term goals, like putting aside money for a home or retirement. Work to build up a 12-month emergency fund so you have a cushion for hard times. Set up direct debits and have your extra income go straight to a specified account or bill so that you aren’t tempted to spend it mindlessly.
Do you need help reaching your financial goals? Talk to a financial expert at GCS Credit Union in O’Fallon. We always put our members first and offer the same products as banks at competitive rates. Find out how to apply for membership by calling (618) 219-8600.