So far this month, we’ve learned how to start saving and explored the benefits of different savings options, such as CDs, money market accounts, stocks, and bonds. This week, Tim Kosak, Consumer Lending Manager at Consumers Credit Union, explains the phrase, Pay Yourself First. “When you pay yourself first, you pay your future savings just like you would pay a bill, or like you would pay for groceries, but you are paying your savings before your daily living expenses,” he says. To learn why and how to start paying yourself first, watch the video below, the third in the Consumers ConnectU four part series on saving.

ConnectU with Consumers[1]

4 Responses »

  1. [...] explained upcoming enhancements to our core member and account management system. Tim Kosak, of Consumers ConnectU video fame, shared financial empowerment tips, from healthy borrowing to debt consolidation and pay-down [...]

  2. [...] Saves Week begins today and continues through March 2. It coincides perfectly with our Consumers ConnectU February savings theme. The week is a chance for individuals to assess their own saving status and take financial action. [...]

  3. [...] learned how to start saving, the benefits of different savings options, and how to “Pay Ourselves First.” This week, Tim Kosak, Consumer Lending Manager at Consumers Credit Union, advises us on the [...]

  4. [...] tax refund season, pay yourself first with our Smart Savings CD. With a low minimum deposit of just $1,000 and a short 13 month term, [...]

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