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Saving for Your 2022 Goals

Date: December 22, 2021
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When it comes to saving for long-term goals, the earlier you can start, the better! By saving today, you can build security and achieve greater financial flexibility and freedom for your future. Here's how to get started:

Prioritize your long-term financial goals

It helps to prioritize your long-term savings goals, so you know what to focus on first. Go through your list and label each of your goals as a “need" or a “want." This way, if your budget becomes a little tighter one month, you'll know what you need to fund and what you can skip.

Choose smart savings options

Now that you've prioritized your financial goals, it's time to decide where to put your savings. 

Wright-Patt Credit Union (WPCU) offers a range of smart savings options, including our signature TrueSaver® savings account, Money Market accounts and Share Certificates. When it comes to saving for retirement, consider enrolling in your employer's retirement plan if one is offered, especially if there's a company match. Other retirement investment options include Traditional or Roth IRAs (Individual Retirement Accounts). If 2022 is the year you're starting to save for a child's higher education expenses, consider a 529 Savings Plan, which offers special tax benefits when used for educational expenses. WPCU's Retirement Solutions Team, available through CFS*, is here to help you navigate the options and plan for your financial future.

Take steps to boost your savings

There are many simple steps you can take to get closer to your long-term savings goals. Here are a few:

  • If you received an annual increase at work, increase your retirement contributions with your employer.
  • Make a plan for saving or investing any year-end or performance bonuses you may receive.
  • Cut back on an “extra" expense, such as dining out or subscription services.
  • Review and evaluate your long-term savings plan annually.

Save better for your financial future

Wright-Patt Credit Union (WPCU) is here to help you save better for your long-term goals today so you can enjoy greater financial flexibility and freedom tomorrow! Visit your nearest Member Center to learn about our savings account options or explore our online Education Center for more helpful tips, tools and resources.

​​​​​​​​*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered brokerdealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Wright-Patt Cr​edit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Before deciding to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to; investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
CUSO Financial Services, L.P. (CFS) does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
​ All information provided through this site is intended to be accurate. However, there may be inaccuracies at times, which will make all commercially reasonable efforts to correct when found. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.
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