Money mistakes can snowball very quickly GO Federal, a Dallas credit union is prepared to help you build a future with financial freedom. The following list can help assist you in making the right choices for your financial future.
Mistakes to Avoid
No Budget - This is one of the most detrimental mistakes to avoid. A budget will help you make important decisions, like obtaining a home loan or buying that dream car. It will also help you not to use debt to make larger purchases.
No 401K- It is vital to plan for your financial future. If you don't take the opportunity to start a 401K with a company match if available, you are letting free money pass you by. Dallas Credit Unions like GO Federal offer other avenues to save for your future through an Individual Retirement Account (IRA) which is one of the most popular retirement savings options. Thanks to special federal tax laws and increased contribution limits, they’re also one of the most effective. With so many options, you can choose the perfect account for your age, income level, and retirement goals.
Purchasing with Debt- Try to avoid making large purchases using high-interest fee credit cards.You could actually pay out more in the end, because of the interest accruing monthly. When using a credit for your purchases, use a Dallas credit union credit card with GOFCU where you can receive lower interest rates, no annual fee, no cash advance fee, and no balance transfer fee.
Poor Financial Habits - When making a purchase, decide if this is a need or a want. Compare prices, and always shop using a list. Most of all, take advantage of all the different ways to save. This includes loyalty programs and coupons. Choosing to use one of the many savings accounts offered at GO Federal Credit Union in Dallas will help you save money. GOFCU offers a variety of accounts that help you spend wisely and save more.
No Plan for the Future- When you are young, you feel so mature making your own purchases. This is okay, but as you get older, you need a plan. Make good choices by becoming a member at GO Federal Credit Union in Texas. They offer lower loan rates, higher deposit rates, and less fees. This helps you save.
About Author
Based in Dallas TX, GO Federal Credit Union has committed itself to empowering its members through meeting their various financial needs. Like any other credit union, GOFCU is also a not-for-profit financial institution.
Federally insured by NCUA and Equal Housing Lender
