Financial Goals

Managing My Finances

Financial management only sounds complicated. You don't need a college-level course to learn about basic budgeting, saving, or credit. Whether you're on your own for the first time or in the midst of a major life event like marriage or divorce, you can use digital tools to simplify these concepts while improving your finances. For example, Credit Union of Colorado's Digital Banking, Bill Pay, and Cards App make it easy to follow a realistic budget that supports your financial goals.

Student at computer

Setting Financial Goals

Trying to improve your financial situation without setting financial goals is like following a map that only contains roads but no destinations. You'll probably enjoy the ride, but when you run out of gas you might find yourself right back where you started. Setting short- and long-term financial goals help you prioritize your money and avoid reckless spending. Learn about goal setting and the role your credit health plays in achieving your money goals.

Resources

Articles
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Good vs. Bad Debt: What's the Difference?
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Common Financial Pitfalls by Decade
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4 Financial Goal-Setting Myths - Debunked!
Calculators
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Savings Goal Calculator

Making a Budget

A realistic budget sets the foundation for financial success. Using a budget to track income and expenses is only the beginning. Budgets are a necessary tool that hold you accountable for how you spend your income. Learn the ins-and-outs of creating your first budget, building an emergency savings fund, and sticking to your spending plan long-term.

Articles
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Are Budgets Necessary?
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How to Build an Emergency Fund
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Why You Need a Checking Account Cushion
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How to Manage Your Money After a Job Loss

Using Digital Tools

Technology can simplify your financial life. Sorting paper bills, marking due dates on a wall calendar, and mailing your payments can quickly become a thing of the past when you use digital tools. For example, you can use Digital Banking which offers Bill Pay, Account Alerts, and recurring transfers to help track and pay bills with only a few clicks or swipes. There's a mobile app, online software, or electronic spreadsheet to match almost every personality and lifestyle. With a little exploration you're sure to find the one that fits your lifestyle.

Resources - Listing

Article
Couple looking at laptop

Year-End Financial Review Checklist
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New Years Sparklers

Resolve to Reduce Credit Card Debt
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Couple kayaking

4 Financial Goal-Setting Myths - Debunked!
Article
Couple happy at computer

Smart Ways to Use Your Tax Refund
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Member Experience

How to Manage Your Money After a Job Loss
Article
Handing over keys

Good vs. Bad Debt: What's the Difference?
Article
Mountain Texture

Why You Need a Checking Account Cushion
Article
Retired people dining

How Spending Habits Change in Retirement
Article
Eating pizza

Are Budgets Necessary?