Affinity Federal Credit Union presents the Wellbeing and Your Wallet podcast! In the fourth episode, expert hosts Jacqui Kearns, Shawn Lubitz and Grant Gallagher discuss managing debt and maintaining financial wellbeing during the holiday season. 

The team begins their discussion asking the question: Where do you see the biggest increase in your spending around the holidays and at the end of the year? They address some of the biggest pain points they’re seeing regarding holiday spending and offering proactive tips you can implement to manage higher costs.

Jacqui and the team dive into the main discussion around managing debt and maintaining financial wellbeing during the holiday season. The team recaps the main areas of spending that typically increase during the holidays and share tips on curbing spending to avoid racking up debt.

Some additional topics covered include:

• Ways to plan your finances ahead for the holidays, and actions to take once the holidays are over
• How members and listeners use direct deposit to add to a high yield savings account to save year-round for the holidays

Following the main discussion, Grant walks through the Member Mailbag when the team answers the member-submitted question: I recently changed jobs and they don’t offer a retirement savings option in their benefits. Where do I start if I still want to save a small portion of my paycheck towards retirement and get the tax benefits? The team offers suggestions on where to start when looking for a retirement savings option, like seeking the help of a financial professional.

Just a reminder if you have a question or comment for a future Member Mailbag segment, please send it to @affinityfcu on Facebook or Twitter with #MemberMailbag.

Rate, like, and subscribe for more from the Wellbeing and Your Wallet podcast. Visit www.affinityfcu.com for additional information about financial wellbeing and Affinity products.

Thanks for listening and be well.