Budgeting monthly expenses is hard enough when you get a paycheck every month of the year. If you have a job in education, you may need to spread nine paychecks out over 12 months, which requires extra effort. Elevations can make budgeting easy when you follow these steps:

• Setup direct deposit for 75% of your paycheck to go into a Checking Account. Budget your monthly expenses for this amount of money.
• Setup direct deposit for 25% of your paycheck to go into one of the following accounts:
• Membership Savings Account
  This savings account is setup when you become a member of Elevations Credit Union and has a $25 minimum balance.
• FlexTier Money Market Account
  This account has a $2,000 minimum opening deposit but earns higher dividends than a savings account if you maintain $2,000 or more.
• After nine months, transfer one-third of your saved funds into your checking account each month.

With this method of money management, you’ll have a consistent amount of money available in your checking account each month. And if you run into an unexpected expense, you’ll have money available in savings.

Paycheck Amount:
Monthly Budget:
Monthly Savings:

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