Financial Wellness Resources | Because You Care, We Care

Taking the Financial Wellness Assessment is just the first step, so please continue the journey — we are here to support you along your journey towards financial freedom. Understanding your financial health — the ability to meet financial needs and unexpected financial emergencies — is directly related to your financial freedom. Those with good financial health are resilient and don’t regularly worry about money. For those with poor financial health, research shows it can lead to physical and mental health issues.

The TCU team wants to help you develop a healthy relationship with money to gain control of your finances. We’ve assembled some best practices and practical resources to elevate your situation coupled with live, in-person counseling from our partner, GreenPath, a national non-profit that has helped strengthen Americans’ financial wellness for 60+ years.

Incorporating these practices into your routine will help you and your family lead a financially healthy life and accomplish your goals.

Financial Wellness Pillars

Travis Credit Union trusts in a financial wellness program with four key financial pillars that impact a person’s overall well-being: Plan, Save, Spend, and Borrow.

Having a financial plan means decision-making is more manageable, and you'll stay on track to meet your goals — become resilient when the unexpected happens.

Best Practices

  • Get Organized: Use these tools to get all your financial records in order.
  • Establish a Budget: Make better financial decisions, prepare for emergencies, get out of debt, and stay focused on your long-term financial goals.

Saving money is worth the effort—you'll get peace of mind, as well as other options that open up for you to consider. Plus, the more you save, the easier it becomes.

Best Practices

  • Emergency Fund: Have cash funds available at all times to cover at least $400 in unexpected expenses.
  • Make Goals: Saving is much easier if you have a clear goal or purpose for the money you want to save.

When you are more aware of your spending, you can ensure that your money is used wisely. Understanding what you spend also helps you understand why you might be in debt and how you got there.

Best Practices

  • Track Your Money: Make a habit of reviewing money spent and evaluate what was necessary.
  • Reset Your Spending: Cut unnecessary spending to best help you reach your financial goals.

The way you manage your current debt influences your options to borrow. A credit score tells a potential lender about your ability to repay; payment history plus total debt are the biggest influences on a score.

Best Practices

  • Credit Score: Maintain a score of 650 or above.
  • Utilize Reports: Review your credit score at least once a year.

Note: The Travis Financial Health Assessment leverages the Financial Health Network FinHealth Score® Toolkit.

Talk with a Financial Counselor

Request a confidential conversation with a financial counselor from our partner GreenPath.

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