If the past couple of years have taught us anything, it's that we need to be prepared for financial ups and downs.  As the economy continues to recover and a new year begins, take time to put a financial plan in place so you are better prepared for the future.

In case of emergency.  If you don't have an emergency fund, get one started.  Set a goal to put away $500.  This amount will typically cover you if your car breaks down or your dental coverage doesn't pay for that broken tooth.  And you can build on it later.  Sock away $20 each bi-weekly paycheck and you'll hit your goal within a year.  If you use direct deposit or automatic transfer into savings, you'll be less tempted to spend rather than save.

Save now, shop later.  Patience is a virtue, especially when it comes to buying high-ticket items.  Is a big-screen TV on your wish list?  Dedicate yourself to cutting back on other extravagances (dining out, new clothes, deluxe cable) and put that money aside until you can pay cash.  Don't get stuck paying the high interest rates department stores charge, because your purchase could end up costing hundreds more than the original ticket price.

Make long-term plans.  Have you checked the balance in your retirement accounts lately?  If you haven't talked with your financial advisor recently, don't delay.  As the stock market shifts this way and that, so does the amount of money you have allocated in different sectors.  Review your portfolio to make sure your money is working for you.

Need a little guidance?  Give us a call or stop by your favorite Coosa Pines FCU branch to speak with a Loan Officer or Member Service Representative to talk about your financial goals, and how the credit union may be able to help you reach them.