What can we help you with?

Type a topic or question below.

Loading...

    GP_Financial_Wellness_Logo_TM.jpg

    Article courtesy of GreenPath(TM), a partner of ECU, offering ECU members access to free and confidential financial wellness counselors and resources. 

    LEARN MORE ABOUT GREENPATH

    Reducing Expenses to Achieve Your Goals

    Achieving your financial goals sometimes requires you to make adjustments to your family budget.  Quite often, making changes to the expense side of the budget can generate the biggest results in the shortest period of time.  Remember, it’s not how much you earn in your lifetime, but how much you spend that can keep you from achieving your goals.

    If you have a financial goal in your life, take a look at your spending as a way to save the money to achieve that goal.  The exercise below can help.

     

    Can Your Family:

    Yes

    No

    Reduce grocery expenses

     

     

    Cut down on meals out

     

     

    Cut back on cable or telephone services

     

     

    Perform regular home maintenance

     

     

    Find less expensive housing

     

     

    Do your own repair jobs

     

     

    Eliminate hired help inside the home

     

     

    Use utilities and household supplies more carefully

     

     

    Avoid buying new home furnishings unless needed

     

     

    Consider used furniture

     

     

    Select easy-care household fabrics and appliances

     

     

    Spend less for clothing and personal care

     

     

    Cut down on trips to beauty shop or barber shop

     

     

    Purchase a more economical car

     

     

    Cut down on vacation travel

     

     

    Use public transportation

     

     

    Cut down on expensive hobbies or activities

     

     

    Take advantage of free activities

     

     

    Make use of the public library instead of subscriptions and purchased books

     

     

    Use public recreational facilities

     

     

    Reduce contributions or make them proportionate to income

     

     

    Give fewer gifts or spend less on gifts

     

     

    Cut back on face value of life insurance to lower your monthly premium

     

     

    Adjust tax withholdings to get more out of each paycheck

     

     

    List some of your own ideas for cutting expenses

     

     

     

     

     

     

     

     

     

    Need help with your financial goals?  As a member of ECU, you can take advantage of the GreenPath Financial Wellness program, a free financial education and counseling program.  GreenPath counselors are available Monday through Thursday 8 a.m. to 10 p.m. (EST), Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 6 p.m. To use this service, simply call 1-877-337-3399 or visit them on the web at www.greenpath.com.

    You are leaving Eastman Credit Union

    You are leaving Eastman Credit Union's website and visiting a third-party website. This website's security and privacy policies may differ from that of ECU's website and we cannot guarantee the accuracy of the information found on this third-party website.

    If you wish to leave ECU's website, select "Continue". If not, select "No Thanks".