Start the Year Right: Smart Financial Tips from Brewery Credit Union
As we step into a brand-new year, many of us are thinking about fresh starts, goals, and ways to improve our lives — especially our finances. At Brewery Credit Union, we’re here to help members in Milwaukee and surrounding communities set up a strong financial foundation for 2026 and beyond.
Here are some powerful tips to help you start the year off right financially:
1. Set Clear Financial Goals
A big part of financial success is knowing what you’re working toward. Whether it’s building an emergency fund, paying off debt, saving for a vacation, or buying a home, define what you want to achieve this year. Break big goals into smaller monthly or quarterly milestones to make them feel attainable and measurable.
💡 Example: Instead of a vague goal like “save more,” try “save $1,000 for emergencies by March.”
2. Create (and Stick to) a Budget
Budgeting is a tool that helps you understand where your money goes and how to make it work for you. A popular method is the 50/30/20 rule:
- 50% for needs (rent, groceries, bills)
- 30% for wants (dining out, entertainment)
- 20% for savings and debt repayment
Tracking your income and expenses helps you catch spending habits, adjust where needed, and feel in control. There are many apps, spreadsheets, or even simple pen-and-paper methods to get started — pick one that works for you!
3. Build (or Grow) Your Emergency Fund
Life throws curveballs — car repairs, medical bills, job changes — and having a financial cushion can protect your peace of mind. Aim to save at least three to six months’ worth of living expenses, even if you start small. Regularly contribute a set amount each month to make steady progress.
💡 Pro tip: Set up automated transfers from checking to savings so you save without thinking about it.
4. Know and Improve Your Credit Score
A strong credit score can save you money on loans, qualify you for better rates, and open more financial opportunities. At Brewery Credit Union, members can access credit score tools like SavvyMoney through online and mobile banking — making it easier to understand your credit and monitor changes throughout the year.
Look for opportunities to reduce credit utilization, pay bills on time, and correct errors on your report — small steps that can make a big difference.
5. Pay Down High-Interest Debt
If you’re carrying credit card balances or other high-interest debt, prioritize reducing those balances faster — it can save you significant money in interest over time. Consider strategies like paying more than the minimum monthly payment or focusing on the highest-interest accounts first.
For some members, refinancing or consolidating debt with Brewery Credit Union may be the best approach.
6. Use Your Credit Union as a Resource
As a member-owned financial cooperative, Brewery Credit Union exists to empower you — not just to hold your money. From checking and savings accounts with member benefits to personalized financial guidance, our goal is to help you thrive financially.
Have questions? Reach out to a local team member — that’s one of the perks of real community banking right here in Milwaukee.
Final Thoughts
Starting the year with strong financial intentions sets the tone for the months ahead. By budgeting wisely, building savings, managing debt, and leaning on tools and resources available to you, you’re putting yourself on a path to financial confidence and well-being.
Here’s to a prosperous 2026 — Brewery Credit Union is here to help you make it your best year yet!
