Strategies for Financial Success

Discuss your spending plan with family members, friends, or the people at your credit union. They might notice things you've missed or be able to offer some creative ideas based on their experiences.
Review what you charge for your work. If you've been working for the same hourly rate for a few years, consider asking for a raise or getting a different job. Be fair, but don't sell yourself short.
Break down your expenses into as much detail as possible. For example, look in your closet and make a list of what you'll need for each season and what each item will probably cost.
Slow down your spending. Leave extra cash at home, don't buy on impulse, and don't borrow from friends or get advances on your paycheck.
Start the savings habit. Financial experts recommend adults save at least 10% of their before-tax income, but right now you should pick a dollar amount you can realistically save each month and stick to it.
Pay yourself first. Every time you get your paycheck or a cash gift, save some portion of it. Increase the amoutn you save every time you get a raise or pay off a loan. Don't try to save too much too fast - keep enough money to enjoy yourself or you might get discouraged and not stick to your plan.
Save automatically. When you have a job, you can do this easily by taking advantage of direct deposit and payroll deduction at your credit union.
Build an emergency fund. When you're out on your own, experts recommend you save three to six months' living expenses for emergencies. Right now, if you have a car or other financial responsibilities, you'll need an extra cushion of saving to cover unexpected emergencies, such as car repairs.

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