My First Job
OK, it’s finally time for the main event ... your first job. It’s a chance for a real paycheck and maybe even some extra spending money. But before you go out and start spending, see how we can help you make the most of your money.
Maximizing Your Hard-Earned Money
Whether it’s a part-time job or your first “real job” in your chosen career, how you manage your money will make a huge difference in your life. By taking a few simple steps before you start showering your friends with gifts and free dinners, you can learn to develop positive money habits from the very beginning.
The first step is to start a savings plan by regularly putting money away into a savings or certificate account. Not only does a savings plan help you develop financial discipline, but you’ll always have money put away in case of an emergency or unexpected expenses. If you're 23 or under, you can begin earning dividends with as little as $100.
Another great way to save money is to open an Individual Retirement Account (IRA). It's never too early to start saving for retirement and an IRA allows you to save for your retirement as well as possibly take advantage of some pretty attractive tax benefits. Please consult your tax advisor.
Spending Your Money
Eventually you’re going to want to buy something with your money, right? That’s where our FirstStep checking account and Visa debit card come in. Enjoy unlimited check writing, no minimum balance requirements, no monthly fee and a free Visa debit card for purchases on or offline - anywhere Visa is accepted. Better yet, you can withdrawal cash at 30,000 free ATMs nationwide.
Simplify Your Life
Now that you’ll be working, you may not have the time to visit the credit union every time you need to make a deposit. If possible, have your employer set up direct deposit. By depositing your paycheck electronically, your money will begin earning interest quicker, you’ll have instant access to your cash and you’ll even save a few bucks on gas.
And speaking of making life easier, you can manage your credit union accounts on your schedule with BranchLine online banking, free mobile banking or with ExpressLine telephone banking. We also offer free eStatements and free bill pay so you can keep track of your finances easily - from wherever you are.