Learn to Love Saving Money
Turn your spending into saving, and you may find that you love watching your money grow.
Here you’ll find trusted advice and judgment-free financial guidance to help you develop the habit of saving money.
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Saving money requires discipline, sacrifice, and commitment. But learning to love savings can lead to a healthier and happier financial life.
50/30/20 Rule
50% to needs 30% to wants 20% to long-term savings
The 50/30/20 rule is a simple, practical rule of thumb for individuals who struggle to budget. It offers guidelines for enjoying your income while putting savings on autopilot.
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Saving With A Purpose
This 3-minute activity will help you set concrete savings goals and show you how much you need to save every month to reach them.
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OUCU resources
Share Savings Account
$5 in your Share Savings Account maintains your membership; that’s your ‘share’ in our credit union, and it’s a great place to start your savings plan.
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Money Max Savings Account
Maximize your savings goals in our tiered savings account. No minimum to open, no minimum balance to keep, and no monthly service fee with a monthly compounding rate starting at .50% and unlimited withdraws.
Earn more on your money when your savings reaches the next tier category with an even higher interest rate.
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Christmas, Vacation, Wedding, You Name It Savings Accounts
Organize your savings goals by customizing your savings accounts.
Open a Certificate
If you're willing to wait, a CD can be a great way to earn the highest interest rate available on the money you deposit.
Learn about certificates
Come see us! We’d love to support your financial goals
Make a savings goal
- How much do you need to save?
- How long do you have before you need the money?
- How many pay periods are available to save the money?
- For example, you might need to save $5,000 over 2 years for a down payment to buy a house. If you get paid once each month, you need to save $208.33 each pay period to achieve your goal
- Determine whether you will save towards your goal each pay period or each month
Emergency fund
Do you have 3-6 months of living expenses prepared in the event of financial hardship?
Unexpected car repair, a medical or vet bill, a home appliance replacement, or a family emergency. The cost of peace of mind is priceless and can greatly improve your quality of life.
An emergency fund in place gives you more confidence that you can tackle life’s unexpected events without taking on detrimental debt.