Personal

Business

More

Join Wings

New CU Online Login

Get Our Mobile App

Life Guidance: Budgeting 101

Create a plan for monthly saving and spending.
Husband and wife couple sittinng at their kitchen island looking at paperwork and a laptop computer

Take the mystery out of budgeting.

There’s no better time than today to begin saving for the future. But where do you start? Building a budget based on your income is the first step. A budget takes into account how much you earn and spend each month, so you can see how much is left over for savings. At Wings, we’re committed to helping our members establish a path to financial well-being. Making sure you have the budgeting tools you need is just one way we make this happen.

In-person and online banking support

In-person and online banking support

Financial advisors to help you reach your goals

Financial advisors to help you reach your goals

Different accounts for different ways to save

Different accounts for different ways to save

How to start a budget.

Creating a budget breaks down into three areas: how much you make, how much you spend and how much you want to save. 

  1. Record earnings. Write down how much you earn each month after taxes are taken out. This is your net income for the month, and the amount you have to spend and save.
  2. Review expenses. Take a look at what you spend on fixed expenses. Start with the bills you have to pay each month, like rent or your mortgage, insurance and utilities, credit cards, childcare and loan payments. Then, write down how much you spend on flex items, such as going out to eat and shopping.
  3. Calculate savings. After you’ve done the math on these expenses, take a look at what’s left. This is the amount you have remaining each month for savings like retirement and emergency funds.
a couple walking home carrying christmas presents and a christmas tree

Finding the right account for your budget.

Explore the different ways that Wings Financial can help with your finances.

Two kids in shorts and t shirts running on a beach2

Share Savings

Set yourself up for financial success with a Share Savings account. As the foundation of your Wings Financial membership, this account offers competitive rates and opens the door to checking, credit cards, online banking and more.

Get Started

Young girl sitting at a desk in school listening to a teacher while taking notes with a pencil

Custodial Accounts

A Custodial Savings Account provides a foundation for a lifetime of good financial habits. From those first deposits toward college, to weekly allowances, to an official paycheck, these accounts help our younger members start saving.

Start Saving

Group of older friends sitting at a kitchen table eating and laughing

IRAs

An Individual Retirement Account (IRA) can help you bridge the gap between Social Security, pension plans and the standard of living you want in retirement. Learn about Roth and Traditional IRAs, and the difference between the two.

Prepare for Retirement

Man and woman sitting in a cafe and enjoying coffee together

First Class Checking

At Wings, we believe your checking account should reward you, not penalize you. We’ve created a simplified checking account with rewards potential so you can enjoy exceptional checking benefits and easy access from anywhere.

Open a Checking Account

Helping our youngest members succeed.

Wings Financial has financial literacy programs specifically designed for youth up to age 22. From rewards for savings to education on basic money skills, these programs can help set your child on the path to long-term financial success.

Register for a Class