Ways to Help you Save!
5 Tips on Saving Money!

Refinancing your auto loan is one way CBC may help you save money this Spring with our new low rates! Read more to see how you can get closer to your savings goals.

Getting on track with your finances and putting a plan together to save money can be easier than you think.  CBC Federal Credit Union wants to help you navigate the road to saving money with these 5 simple tips!  

1. Create a budget and track spending  

When creating a budget based on your income and expenses, it is important to separate your wants from your needs. If you need help setting up your budget, please visit cbcfcu.org/budget-basics where we uploaded our recent Budget Basics webinar that includes a free budget template for download which can to easily be customized to match your monthly cash flow.  Knowing exactly how much you can spend each month on needs and wants is a powerful tool for budget streamlining to get you closer to your savings goals.  

2. Cut or downgrade a recurring service  

Many of us get wrapped up in more reoccurring plans or features than we need and either forget to cancel them or only receive an intermittent benefit. How many subscriptions do you actually utilize routinely?  Taking inventory of your service providers can help us better understand what portion of our monthly income is being spent on needs vs. wants. It may be time to cancel that premium service, downgrade, or switch to a more economical solution.  

3. Refinance your auto loan  

Refinancing your auto loan can be a great way to lower your monthly bill and put those extra funds into savings or towards other needs.   At CBC we offer very competitive rates on vehicle loans with rates now as low as 1.99%*.  Click here to learn more about refinancing your auto loan with CBC.

4. Set up automatic transfers to your savings account  

Take the brainwork out of saving and set up an automatic monthly transfer to an interest-bearing savings account.   

5. Check your insurance rates; you may be able to save   

It doesn’t hurt to check in on your insurance plans to see if you are getting the best deal. You may be able to save money and there are many options for receiving a free quote, either online or with a simple phone call. 

* Rate shown is a 72-month loan with an Epic Premium Checking Account. Rates last updated April 1, 2021. Rates vary with the amount financed, term, and credit history, and are subject to change without notice. Rates apply to new money loans only. Please contact our Loan Sales Team at (805) 988-2151 ext 2806 for rates on refinancing existing CBC FCU loans.