13 Good Reasons to Save Money

1. For your health
Worrying about money creates stress and stress has been shown to cause multiple health problems. For lower stress levels, make a plan for your money. Start saving for your peace of mind.

2. For your relationships
Money is the number one cause of arguments in a relationship. Get a handle on your finances for a more peaceful co-existence.

3. To cover emergencies
Life is unpredictable and emergencies happen. When you are prepared you are better able to handle what comes your way.

4. To generate income
Your savings can earn you money! Did you know that with just $500.00 in a Jeanne D’Arc Savings Account you can earn $35.00 a year*? Start saving and watch your money grow.

5. So you don’t have to borrow
When you are able to save up for the things you want and need, you don’t have to take out loans or pay with credit. Develop smart money habits to avoid paying interest on loans.

6. To buy big-ticket Items
We live in a world of instant gratification, but there is still something to be said for holding off on a large purchase until you can afford it. It provides a huge mental boost when you have the ability pay for an item without borrowing. Try it and see for yourself.

7. For life’s big moments
Getting ready for a new job, a move or a baby? When you have savings for life’s big moments you can enjoy them instead of worrying about where the money will come from.

Planning on going to college or sending your kids to college? Saving is a great way to get ahead of the game.

8. To invest in long-term growth
Let your money work for you. The stock market can be scary but studies show that when people are in it for the long haul their investment is likely to grow.

9. To retire comfortably
The future is uncertain. Don’t wait and hope there will be someone there to take care of you. Start saving now and plan for the retirement you have in mind.

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10. To pay for future goals
Are you planning a family trip? Why not start now and save up so you don’t have to rely on credit cards? Studies show that the anticipation of an upcoming vacation can be more rewarding that the actual trip. Each time you put money aside for something special, it brings to mind what you are saving for and releases feel-good endorphins!

11. To build good habits
It takes dedication and patience to pay yourself but over time you will notice that it is not just a necessity but a habit. One that pays in dividends including a sense of accomplishment, self-worth, peace of mind, better relationships and money when you need it.

12. To be self-reliant
It feels good to stand on your own feet. Once you begin to see your savings grow, so will your sense of accomplishment. Once you have mastered this who knows what else you can accomplish!

13. Because you are worth it
When the bills come you pay them. You wouldn’t think of putting them last on the list would you? Why not put yourself on the list, too? We have a tendency to think of everyone else but ourselves, but for all the reasons already listed you are just as important. Get in the habit of paying yourself first. If you think you can’t, start small at first but make paying yourself a habit. You could even try directly depositing a small amount so it is done automatically. That way you pay yourself first before everyone else comes knocking at the door. Once you start to see your money grow and notice how good it feels you will want to continue.

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* 7.00% APY will be paid on the balance in your account up to the first $500.00. A dividend rate of 0.15% will be paid on the remaining balance in your account that exceeds $500.00 with a $500.01 balance earning a 7.00% APY and a $1,000.00 balance earning a 3.697% APY, as examples. Requires a $5.00 minimum balance to open the account. Fees could reduce earnings. All new Jeanne D’Arc Credit Union members will have one of their consumer savings accounts (except retirement statement savings) automatically designated as their primary savings account to receive these special terms. Additional savings accounts established under the same member name, and related tax identification number, are not eligible for these special terms. The M3™ Money Club Savings is available to children Newborn to age 12. Dividend rates are effective as of July 15, 2015. All rates are subject to change, after account opening, without notice


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