Budgeting Tips


As we emerge out of a very difficult recession Education Credit Union has some helpful budgeting tips on how to start managing your limited finances in a pro-active way!


Budget, Budget, Budget
Plan how much you can afford to spend – and stick to it.


Pay with cash where possible
Avoid loans, credit cards, store cards, catalogues and money lenders – they’ll cost you more.


If you borrow be sensible
Borrow where the interest is right…..not on your doorstep!


Compare prices
Before you buy, compare online and between shops. You’ll be amazed at the difference.


Use trustworthy vendors
When shopping online buy from reputable websites.


Check for Sales
Make sure that you get the very best value on offer and keep an eye out for sales.


Interest Free Deals
Look for interest-free deals when buying furniture or electrical goods – but make sure to compare prices.


Read the small print
If you borrow or enter into a buy-now-pay-later deal, be careful. Some lenders will penalise you for paying it back early or, if you do not pay it within the interest free period, you could be subject to hefty interest payments.


Under pressure? Talk to us first
Suffering from debt stress? Already owe money lenders? Call EDCU to discuss your options.


Friends and Family are priceless
It’s easy to say but it’s still true – the best gift is being together – and that costs nothing. Some families only give gifts to children. There are many ways of saving money without taking away the magic of special occasions.