Weekly Savings Tips and Inspiration
Saving doesn’t have to be complicated — small steps, simple habits, and even automated tools can make reaching your goals easier than you think. Check back each week for fresh savings tips and inspiration to help you stay motivated, build momentum, and kick your savings into gear.
Tip #4 – Boost Your Savings with Your Tax Refund
Looking for a simple way to boost your savings this tax season? Your refund can help:
- Direct to Savings: Transfer some or all of your refund straight into your savings to grow your balance faster.
- Build Momentum: Even a small amount can help you reach goals like an emergency fund, big purchase, or long‑term savings.
Plus, AmeriCU members save 10% on TurboTax, making it easier to maximize your refund.
Tip: Set up automatic transfers to keep the momentum going year‑round.
Tip #3 – Pay Down Debt to Save More Over Time
Managing multiple payments and want to pay down debt faster? Two popular strategies can help:
- Snowball Method: Focus on paying off your smallest balance first to build momentum.
- Avalanche Method: Focus on the highest‑interest balance first to save more over time.
Choose the approach that motivates you most — both can help reduce interest costs and move you toward your savings goals sooner.
Tip: Learn more about managing and paying down debt with this helpful course.
Tip #2 – Make Coffee at Home
Want to cut daily spending? Try making your coffee at home instead of buying it:
- Buy your ingredients
- Brew your drink
- Add your favorite flavors
- Enjoy!
Tip: Making coffee at home can save you $2–$3 per cup—adding up to hundreds per year. A simple routine that keeps more money in your pocket!
Tip #1 – Set Automatic Transfers
Want to make saving automatic? Set up internal transfers in Online & Mobile Banking:
- Log in
- Select ‘Move Money’
- Choose your accounts
- Confirm transfer
Tip: Schedule recurring transfers for consistency. It’s secure, convenient, and helps you stay on track!
Why Join the Challenge?
- Set Your Goal – Define what you want to save for and how much.
- Track Your Progress – Use AmeriCU’s Online & Mobile Banking tools to monitor your savings.
- Stay Inspired – Receive tips, motivation, and resources throughout the challenge.
Setting Up Internal Transfers
Internal transfers let credit union members move money quickly and securely between their own accounts, making it easy to manage savings, loans, and everyday spending. They’re designed to be fast, convenient, and available anytime through online or mobile banking.
- Log in to AmeriCU’s Online & Mobile Banking.
- Select any one of the options under “Move Money” to start a transfer.
- Pick the account you’d like to pay from then select the account or loan you’d like to make a payment to.
Free Savings Educational Courses
Building Emergency Savings
This educational track will cover why building an emergency fund is essential and how setting aside money specifically for unexpected events can help protect your financial stability.
Savings Accounts
This educational track will cover the purpose of saving, the different types of savings accounts available, and how interest can help your money grow.
Savings Calculator
Questions? Click the ‘Let’s Connect’ button in the bottom right-hand corner to get started!
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