SAVINGS: Your Key to Success!

It's a safe bet that most people would choose to have a stash of cash from which they could pay for everything from impulse purchases to long-term financial goals. But how do you save when there are bills to pay and a paycheck only goes so far?

  1. Do it now. Even without a specific goal, saving immediately will make you feel good.

    • Set a little aside each month
    • Aggressively pay down your obligations
    • Enjoy your nest egg
  2. Set a goal. All achievable goals share the same four factors

    • Really want it or you won't be motivated
    • Know the price so you know how much to save
    • Set a time frame and break it down into reasonable and consistent deposits
    • Be flexible and contribute less if you have to, but don't give up
  3. Put it somewhere. A few accounts you may consider are:
  • Savings Account: A great starter account. Interest and risk are low and minimum deposit is small or nonexistent.
  • Money Market Account: This savings account pays slightly better interest but may require a higher minimum balance.
  • Money Market Fund: A very secure mutual fund account. Invested in high-quality, short-term investments. Higher deposit, interest and risk.
  • Certificates of Deposit: Three months to six years investment commitment, CDs offer higher and fixed interest rates, but with a greater initial deposit and penalty for early withdrawal.

Impossible? Not at all. With careful planning, savings is ALWAYS the key to successfully managing your money and getting everything you want. Visit our Financial Tip of the Month page to read these steps in more detail.

Stay Informed
Visit Andrews Federal’s Online Education Center to learn more about saving, budgeting, credit, and more!


We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Andrews Federal Credit Union is federally insured by the National Credit Union Administration.



Please do not reply to this email. For questions, or further assistance, please email, or call 800.487.5500 (U.S.); 00800.487.56267 (outside U.S.)