Life Stages: adults | 5 Must Dos To Take Control of Your Finances

Now that you are in the workforce, you have the advantage of more money to live off of. However, you now have the burden of planning for the financial future of yourself and your family. I know you are just a few years removed from college and retiring is 30-plus years in the future, but diligence early in your life can ensure you a financially secure retirement. Here are the top 5 things you can do financially during this stage in your life.


Buy a bigger car. If you are planning on having children, you'll probably be in the market for a new, larger car. Whether you are looking for a mini-van or an SUV, Georgia's Own can help finance your new car purchase for less.

If you are looking to buy a brand new car, use our Rebate vs. Promo Rate Savings Calculator to see how you can save money by combining a manufacturer rebate and our low financing versus a low promotional rate even compared to 0%.

Maybe you already are paying on a car loan. Check out our Loan Saver Calculator to see how much you could save by refinancing with Georgia's Own. We are so confident you can save with us, we'll pay you $100 if we can't lower your monthly payment.*

Want to have the ultimate car buying experience? Use our car buying service, Georgia's Own Carfinder, to take the hassle out of car shopping. In addition to working to get you the best deal on your car, you'll also have the car delievered to you when you want it, where you want it.


Buying your first home. One of, if not the biggest purchase you'll make in your lifetime is your first home. Credit unions offer lower rates and lower closing costs than what you'll find at conventional banks, and we are no different. You can also find the mortgage options that fits your need, such as fixed rate mortgages, or a variety of variable rate ARMs (Adjustable Rate Mortgage). Contact a Mortgage representative for more information.

If you need help building your credit, take advantage of our low rate Visa® Platinum Credit Card that has no annual fee**. Plus, you'll earn ScoreCard® Bonus Points that can be redeemed for roundtrip airfare or gift cards to your favorite restaurants and shopping centers.


Create a family budget. During this stage in your life, you are going to be going through a lot of life changes. New and changing jobs, marriage, children, etc. The absolute best way to be prepared is to formulate a budget. Georgia's Own offers the BALANCE Financial Fitness Program, an absolutely FREE service to help you create a budget that fits your needs. BALANCE can also answer many of your everyday financial questions. Contact BALANCE today by clicking here or by calling 888.456.2227.


Work towards an advanced degree. Whether you are looking to acquire an advanced degree or wanting to change professions and need a new undergraduate degree, Georgia's Own has a solution to help fill the funding gap left by federal loans. CU Student Choice has recently begun offering private student lending to those working towards a graduate degree. Don't be stuck with more debt, visit CU Student Choice to find out more details.


Plan for your children's education expenses and your own retirement. If you haven't done so already, now is the time to start planning for your children's college expenses with a 529 College Savings Plan through Georgia's Own Investment & Retirement Services***. By starting early, you can better prepare yourself for the expenses.

You'll always want to start planning for your retirement. The longer you wait, the longer you'll need to work to ensure a financially secure retirement. Georgia's Own Investment & Retirement Services*** offers IRAs and other retirement accounts to fit your needs. They can also assist you with rollovers from exiting retirement accounts.

* Restrictions apply. Leases excluded. Offer valid only on vehicles financed with another financial institution. In order to collect the $100 incentive, member must qualify for loan under normal underwriting or verification standards, including value of auto. Member is responsible for any tax consequences.

** Your variable Annual Percentage Rate may be adjusted quarterly and will be determined by adding a margin between 6.74% and 13.74% to the Prime Rate published in the Wall St. Journal five business days preceding January 1st, April 1st, July 1st, and October 1st each year. Your rate will not be more than 19.99%, regardless of The Wall Street Journal Prime Rate. Your Annual Percentage Rate and margin may vary according to your creditworthiness and qualifications. The Penalty APR is a variable rate determined by adding 14.74% to Prime Rate. Fee for cash advance- 3% of advance amount. Fee for Foreign transactions - 2.0% of the U.S. dollar amount of each transaction. Fee for balance transfer - 3% of the balance transfer amount or $10, whicever is greater.

*** Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members.

Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America.