Saving for a Rainy Day | Together Credit Union
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SAVING FOR A RAINY DAY

Saving for a Rainy Day

A rainy-day fund helps you prepare for unexpected expenses such as car repairs, medical bills, or home maintenance. 

  • Start saving small amounts consistently 
    • Automatic Transfers: Schedule transfers automatically between accounts on a regular basis. This helps set aside money without the need to remember to make the transfer.
    • Direct Deposits: Deposits automatically placed into your account (such as paychecks or regular income).
    • Payroll Distribution: Direct deposit feature that allows you to split your paycheck into multiple accounts automatically. 

Not sure where to begin? Here are a few starting points to set you up for success: 

  • Build an emergency fund with at least $500 to start, then work up to 3–6 months of expenses. 
  • Pay off high-interest debt like credit cards. 
  • Start saving for big expenses like car repairs, holidays, or a future move. 

Consider both your short-term goals and longer-term ones, like saving for retirement. Write them down and be specific. "Save $1,000 in three months" works better than just "save more."  

Remember

  • Review your budget and adjust your saving plan. 
  • We’re here with the tools to help you every step of the way.

Make A Plan

Break It Down

Once you know what you’re working toward, break it down into manageable chunks. Saving $1,000 in three months? That’s about $85 a week. Find an amount and timeline that fits your budget. 

Check-In Often 

Check in on your goals monthly. Life happens, so if you need to adjust that’s okay. Make tweaks, celebrate progress, and keep moving forward.

Don’t Forget to Celebrate!

Every milestone counts. Whether you hit your goal or just made it halfway, take a moment to be proud. You’re building something important.

Tools and Resources

Money Management

Money Management

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Manage and plan your finances more effectively with these helpful calculators
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Financial Counseling

Together Credit Union has partnered with GreenPath to offer ...
Together Credit Union has partnered with GreenPath to offer free, confidential financial counseling to members.
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Mortgage Options

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Explore temporary or long-term relief specific to your individual situation

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