Now that you don’t have to run your air-conditioner to keep your home cool, it’s time to start thinking of ways that you can cut costs and save money for the fall season. The more money you can save in your home and daily expenses, the more you can put into your credit union savings account. St Anne Credit Union New Bedford has a lot of great savings opportunities that can be used by members to grow their money during this time of year. Saving money for holiday shopping, home remodeling projects, upcoming tax payments or other common and timely expenditures can be much easier with a savings account from your credit union in New Bedford.
Reduce Energy Consumption
The best way to lower utility bills is to reduce the amount of energy that your home consumes. Summer air-conditioning bills can be quite surprising, especially when we get a particularly hot season in the Southcoast region like we did this year. However, it is fall and winter where we New Englanders often sacrifice the most of our paychecks just to keep our homes warm and cozy.
Start by weather-proofing your home. Go around and check for drafts. One way to do this is with a candle. Put it around the seams of your doorway and windows to see if the flame flickers. Add weather stripping or caulking wherever it is needed and cover up outdoor air conditioning units and other areas where cold air can leak in to prevent even little bits of cold from coming through. Add a programmable thermostat, which can lower the temperature during the day when you are out of the house and warm it up slowly before you get home. Studies show that every degree you reduce on your thermostat translates to two percent on your energy bill.
Consider including new energy-efficient window and door replacements in your home improvement plans, which can also be saved for in your savings account at St Anne Credit Union New Bedford. Other improvements can include thick seasonal curtains or blinds that can be closed after the sun goes down for an extra layer of indoor insulation against the cold.
Plan Your Purchases for the Season
If you know what is coming ahead of time, you can better plan and budget it for it with your credit union checking account. Set aside money for special seasonal purchases so you will have enough on-hand to cover these costs without keeping too much money available for over-spending. Try thinking of your credit union savings account as a monthly bill. Each month put a certain amount of money into your savings and forget about it. Speak with a representative at your credit union in New Bedford for more tips on savings.
Consider buying things in bulk. If you do a lot of holiday baking, buy all of your ingredients in larger bags so you will have enough of the basic items on-hand to last you the entire season. Flour, sugar, brown sugar, powdered sugar and other related ingredients are things that can easily be bought in bulk to save money. Watch for sales on chocolate chips, pecans, walnuts and other ingredients you use as they come available in September and October. You will save more money to put in your savings account at St Anne Credit Union New Bedford by buying early instead of waiting for November and December like everyone else.
Some things will help you save if you buy them early, while other things will help you save if you buy them at the last minute. Pumpkins, turkeys and Christmas trees are all time-limited purchases that can be bought at a lower price if you wait until the week of the holiday. While you won’t have the “pick of the litter” by waiting until the last minute, you will get the best price and be able to save some money in the process. Some families buy Christmas trees every year on December 24th as part of their family tradition, but it’s also a great way to save about half the cost on a tree.
Look for New Ways to Earn Interest
One of the best parts of being a member at a credit union in New Bedford is the opportunities that are available to help you grow your money. Unlike traditional banks, which limit you to some basic options and programs, St Anne Credit Union New Bedford offers a wide range of savings plans and choices that will help you plan for future purchases and investments. From our annual Christmas Club savings account program to money market accounts and certificates of deposit, you can start saving now for just about anything you might need. We also offer IRA retirement savings opportunities that you can use to help plan for your golden years. Speak with an agent at St Anne Credit Union to find out more about our credit union checking account, saving and investment options available to members.