When it comes to saving money, we often think of cutting back on our everyday expenses. Less dinners out, renting movies instead of going to the movies, or lowering our cell phone bills. But did you know one of the best ways to free up significant funds is by looking at the loans you pay each month?
When an individual’s paycheck hits their bank account, those funds must go in various directions. There are bills to pay, trips to the grocery store, and plenty of instances of spending on-the-go. At the end of the payroll period, there’s little left to save or fund retirement accounts. Payroll deductions can change that. This service allows for consumers to set up a simple system that directs funds to various accounts automatically, ensuring that saving always happens. All it takes is a simple visit to the credit union to set it up.