Saving Money When There’s Not Much to Save

Many Americans struggle financially, living paycheck to paycheck, hoping they have enough to cover all their bills at the end of the month. Life is easier if you have a cash cushion or an emergency fund, but how do you save when there is not much fat in your budget?

First, you need to find out where your money is going. Start by tracking all your spending for 30 days. Everything, even a pack of gum, should be noted using any tracking method you prefer – a notebook, your smartphone, an online spreadsheet, whatever works best for you. Then categorize each expense. Start with these essentials:

  • Rent/mortgage
  • Utilities
  • Food
  • Transportation to get to your job
  • Healthcare – prescriptions and co-pays

These five are priorities that must be paid each month. Everything else, like clothing, cosmetics, gym membership, etc., are areas where you can cut back and save a little. Here are a few other saving suggestions:


2020 Annual Meeting

Please join us for our 2020 Annual Meeting!

Our meeting this year will be a first for us…we will be holding the annual meeting virtually on Wednesday, October 21st at 9AM.

Bank from home options

There’s so much you can do without needing to visit a branch. Our online banking site, It’sme247, and our app with Remote Deposit Capture allow you to conduct a full range of banking without having to visit a branch. Please take this opportunity to become familiar with these tools if you haven’t previously.

Do you know all that your account can do via mobile?



membership eligibility…

Membership in Madison County Federal Credit Union is now easier than ever! If you live, work, attend school, worship, or volunteer in Madison County you meet our new eligibility requirements. Our new, less restrictive Field of Membership allows us to offer the benefits of credit union membership to all of our friends and neighbors in Madison County