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Your Financial Wellbeing Guide 2023

11 January 2023

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.

How to improve your financial wellness:

  • 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.

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Your Financial Wellbeing Guide 2023

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ComhaIr Linn INTO Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 393CU

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