SeaComm Federal Credit Union OFFICIAL BLOG

Three Tips for Managing Your Personal Finances

personal finances

A large number of Americans do not properly manage their money. Yet, there is hope for you if you find yourself among this group. Try these three steps for successfully managing your personal finances…


Detail your goals. Set aside time to write specific, long-term financial goals. You may want to take a three-week vacation, buy a summer home, or retire early. All of these goals will affect how you plan your finances. For example, your goal of an early retirement is dependent on how well you save your money now. Once you have written down these goals, make them a priority. This ensures that you are focusing on the goals that are of the highest importance to you.




Stick to a budget. Your budget is the key to help you succeed financially. Having a concrete budget will enable you to create a spending plan so you can allocate your money in a way that will help you to reach your goals. You can make your budget as detailed as you want, as long as it helps you spend less than you earn, pay off any debt, maintain an emergency fund, and save for your future.




Get rid of debt. Debt is a significant problem for many when it comes to reaching financial goals. It is important to set up a debt elimination plan to help you pay it off more quickly. For example, while making payments on all of your debts, you should pay any extra money towards one debt at a time. After you have paid off one debt account, move all the money you were paying on the first debt to the next debt, and continue from there. This will establish a debt reduction strategy, also referred to as the “debt snowball method.”


online financial management

You can easily manage your money online, using SeaComm’s Online Financial Management service! This free service helps you budget, maintain financial goals, and keep track of your spending from the comfort of your computer or mobile device. Click here to get started!


In an effort to keep our communities safe, we have implemented an adjusted operating schedule. Effective March 23, through April 17, all SeaComm lobby visits will be by appointment only. Our drive-thru lanes will remain open at all locations. Please call (800) 764-0566 to speak with a SeaComm representative or to schedule an appointment at one of our seven branch locations!

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