From Waterbury CT Federal Teachers Credit Union: Found-Money

We are living and spending differently right now.

Here are a 8 ways .

1) Auto Insurance Are you working from home instead of commuting. Contact your car insurance company & tell them your daily mileage has been reduced to zero. A lower daily mileage rate = a lower monthly premium = you pay less per month. Plus, many auto insurers are giving refunds & credits. Is yours?

2) Gas Savings If you are driving less, you are saving on gas fill-ups. Capture your savings from this smaller fuel expenditure and reassign it.

3) Memberships Whether it is a monthly gym fee, or a car wash monthly subscription... some services may be inaccessible to you right now. So, why are you still paying for them? Resume these subscriptions when you can actually use them again. In the meantime, cancel them. Save and re-purpose this found money.

4) Points to Cash Does your credit card offer points? Who needs airline miles now?! Turn your earned credit card points into cash, and apply that cash to your credit card balance or elsewhere.

5) Dining In Prior to this, you may have enjoyed a regular take-out lunch &/or gone out for dinner more frequently. Now you see significant savings in this area. Sure, you are buying more groceries (& TP when you can find it!). But, note this savings in your budget, and carefully apply it.

6) Gift Cards Today, that stash of gift cards for stores and restaurants is basically a pile of cash. Use them now for online shopping, holiday gift-buying, and restaurant take-out/curb-side pick up or delivery. If the establishment closes, your gift cards will be worthless.

7) Refi your car loan (no fees, from 2.75%APR*!). Why pay more interest than you have to for the same car's payments? Use our Auto Loan Refi Calculator, give us a call, or visit wctfcu.com for details.

8) Grooming Missing those regular mani/pedi's, hair cuts & color appointments? We all are! Yet, the savings adds up while we await the eventual mad rush to the salon. Until then step away from the Zoom video, and call-in with the audio-only option (lol).

This all adds up over 1-3 months, to some noteworthy, real-time found-money!

We are all spending differently now. Make sure you are not still spending on those services you cannot use at the moment. In fact, you may need to purchase different services right now; like a boosted wifi subscription!

Apply your found-money from this momentary savings, to your new/current needs, your debt, an emergency savings account or CD, or pre-pay to get ahead on next month's mortgage.

We are here! Visit wctfcu.com or call us to discuss ways you can save, reconfigure debt, and improve your home today with current specials from 3.00%APR*!

A different look at your usual budget will help you to adjust accordingly.

Take care,

WCTFCU
Your Credit Union