Your Financial Wellbeing Guide 2023

Why financial wellness matters:

• Worrying about money causes stress! It has a negative effect on your overall physical and mental health.
  
  
• Financial worries can impact your relationships.
  
  
• Looking after your financial health means looking out for your future self by preparing for unexpected financial emergencies.
  
  
• Establishing good financial habits has a knock-on effect and can positively influence those close to you, including children.

How to improve your financial wellness:

• Write it down.
  Take the mystery out of where your money disappears by tracking it.
  
  
• Budget Download & complete a simple budget plan.
  If you are unsure of the expected costs for the year ahead, look through your bills/DDs etc. from the previous year as a starting point. It's always worth building in a contingency of at least 10%.
  
  
• Use the 50%/30%/20% Rule
  Experts advise that you break down your spending into Needs/Wants/Savings using the percentages above.
  
  
• Rainy Day Fund
  Set aside money to cover unexpected financial emergencies. It is advisable to save enough to cover 3-6 months' essential expenses.
  
  
• Seek balance
  If you spend more than you earn, consider supplementing your income, or reducing your spending/choosing cheaper alternatives.
  
  
• 72-hour rule
  Wait 72 hours before making a purchase. That way you can avoid impulse buys, or take the time to look for a better deal.

We support our members' financial wellbeing through:

• Flexible Terms & Conditions
  There are no penalties for early repayment on loans. We are always available to talk with your members to find solutions to unforeseen financial issues which might arise.
  
  
• Free Loan Protection Insurance & Life Savings Insurance.
  
  
• Competitive & NO MAINTENANCE FEE Current Account.
  
  
• No documentation fees or charges on our savings & loans products.
  
  
• Budget Account
  We offer a personal one-to-one service whereby we plan your monthly and annual outlay together, guaranteeing your bills are paid on time, giving you peace of mind that you're on top of your finances & are prepared for a rainy day.
  
  
• Not-for-Profit
  At Comhar Linn INTO Credit Union, Membership=Ownership. We offer our members fair loan rates, with great terms & conditions and award-winning customer (member) service.
  
  

Talk to us! Feel free to contact us by phone or email, or drop into the office.