Redstone Federal Credit Union

6 | r e d f c u.o r g M illennials are confident about many things – from technology to the power of work/life balance, to the ability to embrace change. But they tend to feel less confident about their money habits. According to CNBC, 62 percent of millennials say they live paycheck to paycheck, and only 38 percent feel financially stable. Fortunately, millennials also tend to have an inherently strong mindset for success, a way of thinking that makes all the difference in overcoming wealth obstacles. If you're a millennial, you likely already have the mental tools for building wealth – it's just a matter of knowing how to set a foundation to make it happen. Start by building an emergency fund. Experts suggest saving six months of living expenses in case you get laid off or have a health-related emergency, unexpected car repairs or other unplanned costs. To see how much you should be saving, check out NerdWallet's emergency fund calculator. 1 Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINR A/SIPC). Insurance products are offered through LPL or its licensed affiliates. Redstone Federal Credit Union (RFCU) and Redstone Brokerage Services (RBS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using RBS, and may also be employees of RFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of RFCU or RBS. RFCU does not warrant, guarantee, or insure any product or service offered by or through LPL Financial or Redstone Brokerage Services. RFCU and Redstone Brokerage Services are separate entities.Securities and insurance offered through LPL or its affiliates are: Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value. Building an emergency fund may mean having to say "no" to that Beyoncé concert or that designer purse you've had your eye on. ree more smart moves with your money: 1 Pay yourself first: Roughly 10 percent of your income should go toward your savings first – before the credit card company, the landlord or your friends. You can make that simple in step number two. 2 Automate your savings: Sock that 10 percent away before you see it. You can set automatic transfers from your Redstone checking account to your savings accounts – schedule the transfer for the same time your paycheck is deposited, and you won't even have to think about it. 3 Invest your savings: 1 is is key. It's good to have a savings account, but it's also smart to incorporate a way for your money to grow at an even higher rate. Consider a Traditional or Roth IR A, 401(k) or another option that offers a higher return on your investment than a savings or money market account. Helping Millennials GROW FINANCIALLY AND BUILD WE ALTH

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