Community News

November is Financial Literacy Month

Nov 02. 17

Bulkley Valley Credit Union is celebrating Financial Literacy Month through out November! Week one is Achieve Financial Well-Being. Click here for a few tips to help you get to where you want to be financially.

-Budgeting can help you and your family achieve financial well-being by planning for what’s coming in and what’s going out.

-An emergency fund can protect you and your family in case of a financial emergency. It helps you deal with unexpected situations without having to borrow money.  

-Paying for post-secondary education and avoiding a heavy debt load is a big challenge. But there are a variety ways to save money while you are in school to cover the costs: living at home, getting grants, bursaries, and taking advantage of tax deductions and tax credits for students. 

-Start saving early to make sure you have the retirement lifestyle you want. The sooner you start to save, the sooner you will be earning interest, and the more your money will grow.

-Small changes in your spending habits can have a big impact in your overall financial situation.

-Spending less than you earn makes you resilient to economic and financial downturns. A heavy debt load makes you more vulnerable if your financial situation changes or if you need to pay for unexpected expenses.

-If you take on debt, make sure you have a plan to pay it back.

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