2009…the year of the piggy bank!

I actually have no idea what animal the Chinese calendar year recognizes this year -I could google it-for those of you who want to get “technical” but my point is-maybe it should be the piggy bank to save, of course!

With the gloom and doom on the news of countless layoffs-and craziness about how banks have been spending bailout money. I thought it might be best-to just talk more about ways to save money today.

Times are tough for folks. Listen, I get that-we get that at HFCU. But we’re still here AND we’re still lending money! But as I said a few posts ago-you may want to think  of a few quick and easy tips to help you save money and build an emergency fund. After all, we are here to help you get ahead financially. We’ve been collecting a “tickler” file of tips-and posting them here-there and everywhere to help our members.

They’re realitvely easy and if you incorporate them into your life-who knows you could save thousands over the course of a year.

This week’s tips:

Buy generic-does it really matter if your cereal is made by Post, Kellogg’s or the in store brand? For a few things, like pop, sure…I prefer name brand products-but if you have a lot of kids and the generic brands can save you money in the long run, wouldn’t it make sense to switch?

Cook at home-okay, so let’s say you have a two income family-with mom and dad both working it may be hard to cook more often at home. But why not try it once a week and gradually increase the nights you cook at home. Get the kids involved in menu planning and helping. It could mean more savings for your wallet in the long run.

Consolidate your debt-if you have debt, get organized. Try getting a lower interest rate and pay off your debt as soon as possible. Money paid in interest is simply, money thrown away. Get down to paying your principle.

If you have tips you’d like to share-realistic ones that help you save-feel free to share them. I’d love to hear from you.

-Al

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