Start an Emergency Fund & You Could Win
April is Financial Literacy Month
It’s the fourth month of the year, and that means it’s Financial Literacy Month! Financial Literacy Month represents a national effort to help Americans understand their finances and learn to establish healthy financial habits. It’s a time to check out the awesome materials your credit union has to help you understand your finances and reach your financial goals. It’s also a time where you could win money for starting an Emergency Fund!
What’s an Emergency Fund?
At Red Canoe Credit Union, we believe that one of the best things you can do for your finances is to start building an Emergency Fund. An Emergency Fund is a savings account where you set aside money for a rainy day. If you find yourself in a situation like a medical emergency, an out-of-the-blue home repair, or suddenly facing unemployment, an Emergency Fund can help you manage expenses without going into debt to cover unexpected costs. An Emergency Fund can give you peace of mind during the good times and will let you focus on getting your life back to normal during the bad times.
Having an Emergency Fund means having one less thing to worry about when the unexpected happens.
Let’s Get Started
Building up your Emergency Fund might seem like a daunting task – especially if you haven’t developed good savings habits in the past. But one of the easiest ways to get started is by naming your savings account. When you open a sub-savings account at Red Canoe, you have the option to nickname your savings account. This month, when you nickname your sub-savings account as “Emergency Fund,” you’ll be entered to win $100 towards your savings goals!
Two Ways to Enter
You can open a sub-savings account right from Desktop Online Banking (check out the video tutorial), or let us help you get started when you visit your nearest branch or give us a call at (800) 562-5611. If you already have a sub-savings account that you’d like to use as your Emergency Fund, you can change the nickname by hovering over the magnifying glass to the left of your account and selecting “Modify Nickname” from the pop-up menu. Once you’ve named your account, you’ll be automatically entered to win $100. It’s really that simple!