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Savings: A year in review

Did you become a smarter saver last year?

We did it! 11 months of savings tips all about working together to be better at saving money. You may have tried one or two of our savings tips, or maybe you tried more. Over the last year, we’ve been setting goals, shopping smarter and saving a penny a day.

Smarter Savings Recap

January: SMART Goals

This challenge was all about looking at your New Year’s Resolution. (Can you believe it has already been a year? Are you ready to make your new goals? Make it count. You’ve got this!)

Goals should be specific, measurable, attainable, relevant, and have a realistic time frame. Think about it. If a goal isn’t realistic, your chances of achieving that goal aren’t very likely. Help set yourself up for success.

Did you hit any of your 2017 goals? If not, the year is not over, and you can roll that SMART Goal right into 2018. It’s a great chance to learn from any stumbling blocks and put a big gold star next to that goal.

February: Finding Savings

February is the perfect month to match your bills, statements, and areas of saving. You’re going to love all the potential savings.

Did you save money by enrolling in automatic savings? Is it time to reevaluate your streaming subscription? Can you save a bit by eating out one less time?

March: Savvy Shopping for Smarter Savings

March comes in like a lion and goes out like a lamb. It’s also a great month to take a closer look at your budget to find some easy savings. Any savings you find goes into a savings account like Bonus Saver where it can grow and grow!

From food bills to entertainment, find areas where you could save a few dollars. Maybe it was hosting a clothing exchange or a potluck night. Did any of those things work for you?

If you didn’t try them, we encourage you to try this one. Ask yourself, how much is that latte costing you?

April: Shopping with your brain in neutral

April was all about kicking your brain into gear – letting it coast along in neutral equals impulse buying. While impulse purchases may charge up your brain, it leaves your wallet depleted.

Protect your financial well-being by engaging your brain when it comes to buying. If you feel the urge to splurge, make sure to: wait, make mindful purchases. You can put the amount you plan on spending into savings and see what happens. And lastly, avoid overusing of that credit card!

May: 7 low-cost summer activities

We were challenged in May to find low-cost summer activities for the kiddos. We came up with going to bargain matinee and low-cost theaters, exploring the outdoors by taking a nature hike and a scavenger hunt, just to name some of our favorites.

Now that we’re into winter, do you have any low-cost activities for kids? We’d love to have you share them on Facebook or snap a picture and tag us on Instagram @NumericaCU.

June: Penny a Day Challenge

This was one of our most popular savings posts.

Help your kiddos find a way to make money – chores or Lemonade stands. Once they made a little money, it was time to practice saving with a penny a day. If you gave this a try, how about going the full year?

Go ahead, we challenge you!

July: Where does your money go

The goal was to become even more aware of your spending habits. If you're not ready to tackle your budget, find potential pitfalls by tracking your spending.

This month was all about making use of the budgeting tools at your fingertips, literally. Have you checked out Online Banking’s tools? If not, do so. You will not regret it. And, if you want some help, chat with one of our awesome team members! Just click the "Let's Chat!" button during chat hours on the right-hand side of this page. 

You can also call us at 800.433.1837.

July’s saving tip was all about using a budget to find extra savings. Budgets can be scary business. Numerica’s Online Banking tools make it easier to spot cracks in the foundation and find savings.

August: College savings tips and hacks

Back-to-School is stressful, but it can be especially hard on the wallet. In August, we discovered some straightforward ways to save money for college students heading back-to-school. Some simple ideas included reusing items we have at home or that other family members have but are not using.

We also tackled one of the biggest areas of spending in college – books.  Renting instead of buying. Taking it one book at a time. Getting books from someone who has already taken the class. We covered quite a few options.

One of our favorite tips was frugal fashion: updating and improving your look without spending a ton! Did any of you try this? If you did, again, we’d love to see the results on Facebook or Instagram. (You can also send us a snap on Snapchat!)

September: Tips to save money on your food budget

Do you realize how much the average family spends on food each month? Do you know how much of that food gets thrown away? The amount is staggering.

September’s tips work all year long when it comes to saving money on your food budget. Start with a menu and plan what you are going to eat. You may not necessarily stick with it, but it’s a great guideline that helps control your spending.

Moral of the story? Don’t be afraid of leftovers, shopping lists or meal prep times. You’d be surprised how much money you can save. When you know how much you can save, set-up a scheduled transfer to your Bonus Saver account and watch your savings grow.

October: Saving for Retirement

We get it. The idea of saving for retirement, how much to save and when to start saving for retirement, is hard. In October, we turned our savings focus to retirement. When struggling with balancing today's needs, finding a way to live off our retirement savings is overwhelming.

Spending wisely, widely distributed investments and savings, and finding the right person to help make the right financial decisions. You're ready to tackle your own retirement plan. Everyone’s path to retirement is as unique as you are, and that is okay.

November: Holiday shopping without busting your budget

For most people, November is the season of shopping. Start with a list. No, we are not trying to be Santa, but a list will help keep you organized. Figure out who you need to shop for, set limits and keep track of gift ideas. It also gives you the option of comparison shopping! Find that bargain.

We also had some fun ideas like creative wrapping paper, a gift exchange or cutting out gifts altogether.

December: Reflecting on the year

The end of the year is a wonderful chance to look back and help to celebrate our victories. It is also an opportunity to see where we would like to grow for the year to come.

Stay tuned as we look for more bargains and money savings tips for you. If you ever have questions or suggestions for us, please don’t hesitate to give us a ring.

And, for goodness sake, this is the season to make that New Year’s resolution to save. Try it. Get a Bonus Saver account and start earning! Don’t leave that money on the table.

Green background with white piggy bank illustration.

What’s your savings goal for the year

It’s the perfect time to make a dent in your savings goals.

  • Why not pledge to do a 52-week money challenge? On the first week of the year, you save a dollar. The second week, $2. The third week, $3 and so on. By the end of the year you could end up with $1,378 in your account!
  • Make a deal with yourself to put a dent in your debt. Figure out what method works best for you and then stick to it. For every month that you pay your debt down, reward yourself.
  • How about a meeting with a financial advisor?  Ask your favorite Numerica branch or check out Numerica’s Invest
  • Find a way to live on less than you make. Living on less than you earn means you have enough money for a decent savings account. Come on, you can do this!

Pick a goal. Stick with it. They say it takes 21 days to start forming a habit. Can you imagine what would happen if you continued for a year?

You’ll always have a relationship with money. Let’s make it a good one!

Today's Rates

September 20, 2021

Home Equity Line of Credit

as low as 3.50% APR

Certificates

as high as 0.90% APY

Visa Rates

as low as 7.99% APR

Auto/Truck (New/Used)

as low as 1.74% APR

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0.90% APY