Financial Fitness: Debt Management and Financial Planning

Financial fitness starts with goal oriented solutions, including financial planning with debt management.

1. Healthy Credit Profile - Starting, maintaining and consistently monitoring are the keys to a healthy credit profile.
2. Debt Management - TAKE CONTROL! This means start living within your means and not letting impulse and pressure make you a victim of unhealthy debt management.
3. Reduce Debt - Rather than making that next purchase, put that money toward managing the debt you currently have.
4. Budget - A financial budget allows for an clear look at our finances.

Members of Credit Unions have the opportunity to benefit not only from high yield savings and checking accounts, but also high return CDs and other benefits. Many customized financial planning and debt management programs are available, including Home Loan Programs, Young Adult Programs, Retirement Financial Planning Programs and more.

This is because credit unions are owned by you, their members. Credit Unions fortify their financial strength by being a not-for-profit organization where profits are returned to their members in the form of lower interest rates and higher yields on savings accounts.

Earn an Extra .5% With High Yield Savings

Last Saturday, while I was depositing my paycheck at my local TFCU branch, I decided to open a High Yield Savings account.  I'm now earning an extra .5% annual percentage yield (APY) on my savings and it only took five minutes!

If you have a minimum of $2,500, you too can open a High Yield Savings account at TFCU and start earning .75% APY on your savings, instead of .25% with a traditional savings account. The best thing about a HYS account is that the dividends are paid monthly, not quarterly. With High Yield Savings you not only earn more, but you get your dividends faster than ever before!

If you are interested in opening a High Yield Savings account at Tropical Financial Credit Union, take a look at their High Yield Savings rates and mention that you would like to open a HYS account the next time you are at a branch. If you already have an account with TFCU all you need is a signature to open a HYS account and you'll be on your way to earning an extra .5%!