www.mutualfirst.com

To improve our members' financial well being 

To be the premier financial service provider to our members.

Our Mission

Distinguishing Characteristics

Only members may belong or vote.

Volunteer leadership.

Insured by the NCUA just like banks.

Now all accounts are insured to $250,000

Members are owners.

Financial Success

Personal Finance for Life

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Where do I Start?

Decide on a goal. My goal is to have enough money saved for

my first year of college. Write down all your bills. Then how much do you bring home from your paycheck? First find out how much you can afford to put into savings

How Do I Begin to Save for My Future?

Set up a direct deposit to your savings account with every paycheck. Pay yourself first! Set a weekly budget and DON’T go over it!

What do you NEED to buy to get you through the week?

Not what you want!

Open a savings account ASAP!

Checking Accounts

Checking accounts Safety Proof of payment Convenience Establish credit

Rewards Checking

What is NEW in the CHECKING WORLD!

How Much Money Should I Save for My First Year in College?

According to U.S News

First year in college will cost you about $5,000!

START UP COST!

• Textbooks and school supplies

• Clothes and living essentials

• Electronics

• Dorm furnishings

• Transportation, food,entertainment,

cable & more!

Making Sacrifices!

What can I do without to be able to save?

Temptations are everywhere,

Designer clothes

Fast Food

Movies

Music

Parties SAVINGS ACCOUNT BUSTERS

Make the commitment to stay clear of these

WANTS and follow your gut on what you

NEED!

The Value of a BUCK!If you save $1 per day from your 18th

Birthday until your 65th birthday and the money earns 5% in a savings or Money

Market account,

how much will you have saved?

$69,232.43

FUN FACT!

Buy it NOW, PAY later?

You should only have 1 credit card and it is used for emergencies.

Credit Cards

Be Credit Wise

Over 75% of college students have credit cards

Over 30% of college students have 4 or more credit cards

3 out of 5 students with credit cards maxed them out in their freshman year

Over 60% of college students don’t have a budget

Cost of Making the Minimum Payment

Item Price APR Interest Paid

How Much You Really Pay for the

Item

Total Years to Pay Off

TV $500 18% $439 $939 8

Computer $1,000 18% $1,899 $2,899 19

Furniture $2,500 18% $6,281 $8,781 34

Recipe to be a Millionaire Work four summers, start at age 16 Save income in a Roth IRA account Invest in a simple, low-cost stock

portfolio Simmer slowly for 47 years Serve un-garnished (and untaxed) at

age 67

Practical Tips

• GROCERIES: NEVER shop while you are hungry!

• Keep a grocery list and use the same list every time you shop.

• Watch out for ATM Charges. $126.00 a year in ATM charges.

• Stay away from fancy coffee shops. For a special treat only!

• If you must eat out, NEVER buy a special drink, appetizer or dessert.

• Make savings a daily game.

What do you want to be?It’s up to you!