What are you saving for?
Kids can join from birth to 12 years of age
Cub Club Members Receive:
Young Adult Club Ages 13-22
Fusion Membership Benefits
Free Home Banking
Free Bill Pay
Free Direct Deposit
Free Visa Debit Card*
Free college funding information
College Savings CD
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It's good to save. We save lives, the environment and the planet. But why save money when there's so much you want to spend it on now? Think about it: once you spend your money, it's gone!
Smart ways to save
It's easy to spend "on impulse." And if you do it frequently, you'll find your pockets empty when you want to buy a CD, join your friends at the movies or to buy gas for your ride. As soon as you learn to master your spending habits, you'll find the trick to controlling your money, and you're less likely to find yourself in debt once you gain access to credit.
Budgeting your money is similar to budgeting your time; you need to plan ahead.
You're used to planning your schedule to ensure you have enough time for school, friends, homework, sports, family and hobbies, right?
Know where your money comes from and where it goes. By creating a spending plan, you can easily direct your funds toward the financial goals that you set for yourself, rather than letting your money (or lack of money) control you.
Learn where you're currently spending your money, how to create realistic goals you can keep, how to maintain your budget once you've created it, and ways you can manage your money to stay on track.
What is a budget?
A budget is an assessment of expenses in relation to revenues (income). A balanced budget, a viable budget, is one in which expenses are less than revenues over time. Budgeting is primarily about being aware of all real expenses, one-time and recurring, and exerting control over them. Retained earnings refers to the portion of income that exceeds expenses. Retained income is referred to as discretionary and may be used for savings and building wealth.
When you lend your iPod or a sweater to a friend, you expect it back right? In return, your friend will probably be there to do you a favor too, some day. Well credit is sort of like that. You are lent money and you have to pay it back. If you don't, you don't just risk losing a friend; you risk messing up your credit record and your financial future for a long time.
Start with a Card
Credit is so much more than a plastic card. Your credit record can help you or keep you from getting ahead in life.
Establishing credit is a must if you plan to ever borrow money to buy a computer, car or a home. Since credit cards are generally a young adult's first exposure to credit, let's take a look at the basic facts about credit cards.
Credit cards are convenient and an easy way to establish credit - if you use them wisely. However, they can also get you into trouble. At best, credit cards can make it difficult to stick to a budget. At worst, they can tempt you to overspend to the point of not being able to pay your bills.
To enjoy the benefits of credit and avoid the potential pitfalls, you need to understand the basics of getting, using and managing a credit card.
Read this article to learn more about credit cards.