Five steps to spring clean your finances.

1. Dust off your New Year’s resolutions

Remember your New Year’s resolutions and financial goals? If you haven’t made as much progress as you’d like, spring is the perfect time to make adjustments.

2. Sweep out your monthly budget

Review your spending habits and your monthly budget. We can help you make a plan with realistic steps to trim spending and boost savings. Visit any of our branch offices or make an appointment at msgcu.org/locations to walk through your budget.

3. Freshen up your W-4

A big tax refund is both good news…and bad news. It means you possibly overpaid in taxes and this money could have been used for savings, investments, or other goals throughout the past year. Talk with your tax advisor about your best withholding options and adjust your W-4 accordingly.

4. Pile up your savings

Once you’ve trimmed your budget and freed up some monthly cash flow, why not bump up your savings? MSGCU has plenty of savings options to help you grow your money, including Certificates of Deposit that offer guaranteed returns, like our 9-Month CD, with an impressive 4.65% APY.*

After you choose a savings option, set up an automatic transfer or we can help you set up direct deposit for savings you don’t even have to think about.

5. Toss your debt

Now make a plan to kick your debt to the curb. Review your debt and pick the one you want to pay off first. Then find a way to increase your payments by bringing in more money or trimming expenses. When the debt is paid, add that monthly payment to the next debt, and repeat until all your debt is tossed.

There are many ways to tackle debt, and you can find more tips in our blog post about managing credit card debt at msgcu.org/managingdebt.

Need help with your financial housekeeping? MSGCU team members are ready to assist you. Stop in or make an appointment at your local branch or contact us at (866) 674-2848.

*APY = Annual Percentage Yield. $500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity.

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