From Debt to Savings: Make Your Money Work for You

Managing money effectively, whether it’s budgeting for today, saving for tomorrow, or planning for retirement, can feel overwhelming. Without guidance, it’s easy to fall into debt, feel stressed, or miss opportunities to grow wealth. 

At Provident Credit Union, we believe financial well-being is essential to overall well-being. That’s why our Financial Coaches and Financial Consultants are here to provide the tools, resources, and personalized advice members need to feel confident about their money. Whether you prefer to meet in person or virtually, support is always within reach.

Common Financial Challenges Members Face

Through our conversations with members, we’ve seen the same financial questions and concerns arise:

• “Will I have enough money to retire?”

• “How do I protect against risk?”

• “How can I reduce or avoid taxes?”

• “How do I get my credit card debt under control?”

• “Can I budget better to pay off debt and still save for the future?”

Whether the challenge is short-term (paying down debt) or long-term (retirement readiness), having a plan makes all the difference.

How Provident Can Help You Take the Next Step

1. Budgeting & Debt Management

Our Financial Coaches often work side by side with members to tackle immediate concerns like credit card debt or student loans. Many members feel like their debt has spiraled out of control and want to stop the bleeding. That’s where budgeting strategies, debt management plans, and in some cases, personal loans from Provident can provide relief and a path forward.

One member who met with a Financial Coach about budgeting for her student debt came back two years later, ready to purchase a home. With the right guidance, progress is possible.

2. Portfolio Reviews & Retirement Readiness

Our Financial Consultants specialize in helping members plan for the future. Through a portfolio review, they can help answer:

• Am I maximizing my retirement savings?

• Am I using tax-free income strategies?

• Do I have a plan to fund my children’s education?

For those approaching retirement, the focus often shifts to:

• Am I on track to retire when I want?

• How long will my money last?

• What income can I expect in retirement?

Solutions like corporate bonds and annuities can provide guaranteed income streams, growth potential, and principal protection. These options help members feel more secure about the future.

3. Long-Term Care Planning

No one likes to think about it, but preparing for long-term care is crucial. Our consultants can guide you through options to protect your assets, cover future care needs, and choose the right strategy for your situation.

Why Start Now?

Financial planning doesn’t have to feel intimidating. With the right support, you can create a clear path forward, whether that means reducing debt, building savings, or securing retirement income. Connect with a Provident Financial Coach for help with budgeting and debt management, or work with a Provident Financial Consultant to build a long-term plan for retirement and investments.

Wherever you are in your financial journey, Provident is here to help you move forward with confidence.

GET STARTED TODAY