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Belco's Online Banking

Archive for the ‘Savings’ Category

Bulk Up Your Savings on a Budget

access_time Posted on: August 27th, 2025

Saving money doesn’t have to feel like a struggle, even on a tight budget. By using smart strategies and building healthy financial habits, you can make steady progress without feeling overwhelmed. Every small step counts, and over time, those little wins can lead to greater financial confidence and security. What Does a Personal Budget Look Like? A personal budget is a clear, specific, and easy-to-read breakdown of your income and expenses, typically over a month. It should be tailored to your individual goals and lifestyle. Budgets help you track spending, plan for future expenses, and make informed financial decisions, whether you’re saving for college, paying off debt, or investing for… read more »

6 Tips for Teaching Your Kids to Save

access_time Posted on: April 14th, 2025

This article was written by Jean Chatzky and our friends at Credit Score. Learn more aboutCredit Score here or in your Money Manager app. Check out these ideas for helping children learn to set money aside When it comes to teaching children about money—including the importance of saving forthe future—it’s smart to start early. And it’s really up to us, the parents, family members,and mentors of the next generation, to drive these points home. While it may seem a little daunting, building a strong financial foundation for youngsterscan start with just a few simple steps. Here are some real-life examples of how you canteach children good money habits. That way,… read more »

A couple discussing the differences between a money market vs. certificate with a financial advisor.

Money Market vs. Certificate: Which One Is Better?

access_time Posted on: May 30th, 2023

Money markets and certificate accounts both offer safe places to stash your excess cash while earning interest, but which is the right choice for you? We take a look at how money market vs. certificate accounts work and which is best for different kinds of savers. Smart Saving Choices: Money Market vs. Certificate If you’re looking to start putting money aside from your monthly budget, then both money market accounts and certificate accounts offer safe places to start building a nest egg for retirement, college, a wedding, or a down payment on a car. While both offer great launchpads for your savings, there are important differences in how they work…. read more »

A couple discussing how to open a certificate account with a credit union representative.

How to Open a Certificate Account in Six Steps

access_time Posted on: May 16th, 2023

Certificate accounts are popular investments that many use to grow their savings. Setting up an account is very easy to do. It can be done in just a few minutes in six simple steps. What Is a Certificate Account? A certificate account is a type of investment that is offered by credit unions. Certificate accounts can be used for both short-term and long-term savings goals. A short-term certificate could be used to help you save for new appliances or furniture, for example. You could also open a 60-month certificate to help you save for a down payment on a house. An important benefit of certificate accounts is that the money… read more »

How Do I Give Myself an End-of-Year Financial Review?

access_time Posted on: January 15th, 2021

With 2020 in the books, I’d love to look at my finances to get on track for 2021. How do i start? This question is asked more then you may think. Having a financial review at the end of a year is important in helping prepare you for financial success in the year to come. This simple step-by-step process can get you ready to grow financially for the coming year. End-of-Year Review Process Giving yourself an end-of-year financial review is a wonderful way to check on the progress you’ve made toward your goals, highlight areas needing improvement and update your accounts, funds and investments. Here’s all you need to know… read more »

Savings During the Holidays, How to Save Money, Christmas

How to Save Money During the Holidays

access_time Posted on: November 20th, 2020

As the clock ticks down on 2020, the most wonderful time of the year is here. However, as it feels great to have some holiday cheer, not everything is merry and bright, specifically your wallet. No matter how much you budget, this time of year seems to always put a damper on your bank account. Food, presents, parties, gas, and cards are some of the many things you need to budget for during the holiday season. But what can you do to keep spending to a minimum? Check out these helpful tips on how to save money during the holidays! Store Apps Store apps are a great way to save… read more »

best credit union savings near me

Money Market Account vs. Basic Savings Accounts: Pros & Cons

access_time Posted on: June 20th, 2019

Banks and credit unions offer a variety of options when you want to store your money. The key to making the best decision is taking your current financial needs and goals into consideration. Money Market Account vs. Savings Account Two popular options are the money market account and basic savings account. This post will outline the difference between the two, the pros, and cons of each option, and how to choose the best one that suits your financial needs. What Is A Money Market Account? A money market account is also known as a money market deposit account (MMDA). It is an interest bearing account which provides a higher interest… read more »

savings and checking accounts credit union

The Difference Between Checking And Savings Accounts

access_time Posted on: March 28th, 2019

Many of us are guilty of opening a checking and/or savings account but not fully understanding their benefits or how to use them properly to make the most of our money. Each account has a different purpose and function, so understanding the differences helps you choose the right combination for you. This can help you manage your personal finances, minimize overspending and make your hard earned money go further. What Is A Checking Account? A checking account allows you to write checks, or withdrawal funds, as an everyday way to pay others. In the not so distant past, this was primarily done in the form of paper checks – documents… read more »