Money knows no age

No matter your age, it’s important to have a good relationship with your money.

People of all ages can pick up information about money habits almost anywhere. If they don’t learn it from their parents, they might find tips through social media or their favorite celebrities. Unfortunately, not all advice is good advice. That’s why it’s important to build a good relationship with money and reduce the risk of creating unwanted stress.

Budgeting

Budgeting can be the foundation of your relationship with money. Most of us know we should do it, but what’s the best way? Following a budget helps you understand how much money is coming in and going out, and where it goes. Once you understand your spending habits, you can stress a little less.

Budgeting can help you identify where you might be able to make some changes to better manage your money. It’s important to know your needs versus your wants. What are your necessities and what’s something you can live without?

If you’re looking for resources to start or improve your budget, make an appointment to meet with one of our certified financial counselors!

Save Save Save

One of the benefits of budgeting is learning how you can save. An easy way to start savings is by having a portion of your paychecks go directly to your savings account. This can help you avoid temptation and make sure you pay yourself first.

Another way to help boost your savings is by rounding up! Debit Card Round Up is a feature available on Centra consumer checking accounts¹ that lets you “round up” the change on each debit card purchase to the nearest dollar. If you’re buying a cup of coffee for $4.50, round up and add $0.50 to your Member Loyalty Accont!

Saving is an important habit to have, and it can help you gain confidence in managing your money.