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Follow these simple steps to create and stick to a budget.

Creating a budget and saving money isn’t easy. It takes a little practice and a lot of discipline. A good way to start is to develop a savings plan. Just follow these steps:

Step 1: Pledge to stick to your plan.

Step 2: Figure out how much money you have coming in each month. Count your income from your allowance, part-time job and any other sources.

Step 3: Work out how much you want to save. Divide the money into several different categories:

  • Everyday expenses
  • Savings for large purchases
  • Savings for the future
  • Savings for investments

Step 4: Put your plan in writing. Track how much money you have coming in and how much you spend.

Step 5: Set spending limits.

Step 6: Adjust your plan as needed.

A savings plan shows you where your money comes from, how much there is and where it goes.

Now take a look at where you spend your money. Do you overspend in several categories? By keeping track, you’ll learn about your spending habits. Then you’ll start to see ways to save.

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Life Happens

— No matter what stage of life you’re in, we can help make the ride a little smoother. —

  • There’s a first time for everything, but that doesn’t mean you have to go unprepared. Here are a few firsts that Securityplus can help you with.

  • So you’re ready to make one of the biggest commitments of your life? We’re experts at financing the big day expenses — and beyond.

  • No matter how much you plan, things can still go wrong. During times of unexpected hardship, Securityplus is still willing to help.

  • Whether a new baby or a new pet, a growing family means growing expenses. We can help you prepare for those changes in your budget.

  • Whether you're looking to vacation or you're relocating, Securityplus wants to make sure finances don't stand in your way.

  • You've spent most of your life preparing to retire. Securityplus can help ensure that you are financially equipped to do so comfortably.

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If you live, work, worship, or go to school in the City of Baltimore; are employed by or retired from SSA or CMS; or are in the immediate family of an existing member, you are eligible to join Securityplus Federal Credit Union.
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