It’s never too late — or early — to start saving and investing your money for a more secure financial future. There’s more than one way to manage your personal banking and investing strategy, and the more tips you put into action now, the more money you’ll have later. Whether you want to boost your savings account for emergencies, travel, or retirement, Hawaiian Tel Federal Credit Union has excellent advice to help you reach your goals.

3 Personal Banking Tips For Building Your Savings

Spend Less

If you can’t get a raise at work, give yourself a financial boost by cutting expenses. Most parts of your budget can be trimmed if you commit to doing it. For example, you can cook at home instead of eating out or choose energy-saving LED light bulbs instead of incandescent versions to cut your energy bill. Every little bit helps, especially if you track it and put those savings directly into investments.

Change Habits

Some money seems to disappear simply because you don’t think about it when you spend it. If you’re in the habit of buying lunch, pack instead. If you’re taking 10-minute showers, set a timer and cut them to 7–8 minutes to save water. It takes about three weeks to create a new habit, but your personal banking accounts will thank you for doing it.

Earn Extra Cash

A part-time job is a good way to add income, but there are other methods if you don’t have time to work more. Try selling things you no longer need on eBay or Craigslist to earn extra money.

Once you’ve saved some cash, invest it wisely. For help getting started, call Hawaiian Tel Federal Credit Union at (808) 832-8700. Visit their website for more information about their financial plan services and other ways they can help you make the most of your money.