Steps to take when opening a new savings account
logo

Money Matters Blog for Cinfed Members

Put Your Savings Plan into Action!

Posted on December 28, 2017
Topic Categories: Consumer Help

Put Your Savings Plan into Action!

By Kasey Ibrahim - Cinfed Branch Manager, Western Hills Office
 

The start of the year means new beginnings, complete with resolutions. One that we hear often is, “This year, I will put more money in savings.” This is always a great concept but, like most New Year’s resolutions, it’s usually long forgotten by Valentine’s Day. To start the year right and get better results, here are some very “do-able” steps:


Go Past a Resolution - Make An Action Plan.

Wishful thinking can only get you so far when saving money. Make a list of specific, reachable goals, then strategize how to make them happen. The more specific you are, the more reachable that end goal will feel and will raise the likelihood of you sticking with it.



Automate Your Savings.

Your money will go directly into a specified account before you have the chance to spend it. Just set it, forget it and watch that money steadily grow to the goal you have set.


 

Separate your accounts.

Wanting to finish your basement? Start a fund for that project in a separate account. Need to start saving for your child’s tuition? Open a separate account for that. This will help you prioritize where your money goes and prevent you from going over budget. Plus, the longer you work to save that money, the more you appreciate the results – like that finished basement!


 

Choose High Interest Yielding Accounts.

When you’re choosing a place to store your money, consider ones that will give you a higher rate of return while helping you reach that goal a little faster. Try a Kasasa® checking account where you earn money on things that you’re already doing, or a Smart30—a twist on a traditional certificate, with a one time penalty-free withdrawal in case an emergency arises.

While it requires a little extra time and work, we can guarantee that it will definitely be worth it! Need help getting started? Visit your nearest Cinfed branch and a representative will be more than happy to help you with any financial assistance that you might need.





CONTACT CINFED

Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656

MEMBER REVIEWS

They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money... 
— Courtney Snow
Just closed on a Home Equity line of credit loan, and the process couldn't have been any easier. With this I was able to pay off 2 high interest credit cards and deposited the rest into a checking... 
— Thomas
Been a member since I moved to the Queen City in 1978. Cinfed has always provided customer service that other financial institutions only dream about. Thank you for almost forty years of outstanding... 
— Tim Grabenstein
I recently became a member here at CINFED and it was the best decision I have ever made. I walked in with tears and despair and left with dry eyes, a smile, and I even received a hug from the branch... 
— Melanie
As a long time member, I have always received great service from all CinFed employees. I just wanted to say a special thank you to Dee Dee Day and Dawn Strickland. I had to make some changes to... 
— John-Member since 1990
Earlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself ..My sister was survived by a daughter and son. We have since then taken on... 
— Vonda
How lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is... 
— Debbie G
Emily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... 
— Sarah Amyotte
I have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... 
— Marian Dudley
I have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... 
— Robert Olguin
I have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what... 
— Andreya T Williams
I been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
— Edward, member since 1985

NOTE: You are leaving Cinfed Credit Union's web site. Cinfed is not responsible for content or security policies of this external, linked web site.