“Invest early and consistently. Compound interest is incredible, given time.”
- Sean McCurry, Controller
“Invest in your 401k as soon as you are eligible, and take advantage of your company match. Remember that peaks and valleys occur while investing – stay in this for the long haul. And never invest in anything you don't understand.”
- Steve Sendon, President and CEO, CCE
Hot tip: Investing for the first time can be scary. Read our blog How to Start Investing for the First Time to ease into it with expert advice.
“Don’t borrow more than what you can afford to pay back.”
- Amy Decock, Indirect Loan Processor
“Don’t keep more than 3 months’ worth of living expenses in your savings account. Money in a savings account is just money waiting to be spent. Use that money to diversify your assets – own a home, have a 401k, have a Roth IRA, have a brokerage stock account, and own some cryptocurrency.”
- Joe Morgan, Application Support Manager
“Live below your means, be content with what you have, and don’t try to keep up with the Jones.”
- Liz Roberson, Branch Manager
“Act your wage.”
- Cory Popp, Accounting Specialist
“Closing credit cards can be damaging to your credit score.”
- Jennifer Mustard, Member Service Representative
Hot tip: RMCU members can easily monitor their credit score using the Savvy Money feature within the mobile banking app. Simply opt-in and get insights into what’s affecting your credit score.
“Pay off your credit cards one at a time, starting with the lowest balance. The reward of paying off accounts quickly can help you stay motivated!”
- Megan Black, Indirect Loan Officer
“Create a monthly budget. For any extra money you make, have it automatically moved to your savings so you are paying yourself first.”
- Kelsey Fandry-BSACS, Assistant Vice President of Operations
Hot tip: Creating a monthly budget is easy with our budgeting worksheet. Click here to download it and start saving.
“My dad always told me, ‘There is no quick or easy way to be good with money. It takes time, patience, and being willing to listen and learn.’”
- Ryan Murphy, Member Service Representative II
Looking for more financial tips? Check out the rest of the RMCU blog. If you’re looking for more information to help you make the best financial decisions for yourself, don’t hesitate to reach out to the friendly experts at RMCU. With branches in Bozeman, Belgrade, Helena and Butte, you’re likely to find a convenient location near you.
Non RMCU links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Rocky Mountain Credit Union of any of the products, services or opinions of the corporation or organization or individual. RMCU bears no responsibility for the accuracy, legality, or content of the external sites.
