News
Thursday, 1st July 2021
If you are struggling to make ends meet, saving can be the last thing on your mind – if you’re stretching out your money to make sure it lasts all month then why would you put something away for a rainy day?
But saving is important because it helps protect you in the event of a financial emergency. It can also help you pay for large purchases, avoid debt, reduce your financial stress and provide you with a greater sense of financial freedom.
If you find saving hard then our payroll deduction scheme could be for you.
Once you have signed up, the amount you want to save each month is taken directly from your salary – it means you don’t have to think about putting money aside and can just enjoy the benefits of an increasing savings pot. The saving is done before you even get your salary so you can budget the money you receive each month knowing you are already building for your financial future.
The latest research shows that 69% of payroll scheme members save successfully every month compared with 43% of workmates who are not part of a scheme.
Being part of our payroll deduction scheme means you have greater financial stability as you build up your savings and, as a member of our credit union, you can also access low-cost loans if you need to borrow.
But it doesn’t end there - the added advantage of our payroll dedication scheme is that as a Darlington Credit Union member you have access to our MoneySmart initiative which provides free guidance and support on a wide range of financial issues.
So it’s not just about saving a pot of money – it’s about managing your financial future and finding answers to questions about benefits, owning a house, debts and lots more.
We will work with you to boost your financial knowledge and expertise so you can handle your financial situation.
What are you waiting for? Whether you want to save for something specific or want to build up a pot of money for the future, our payroll deduction scheme is an easy, free way to do it.
We are working with many employers across the North East – you can find out if your employer is involved on our website.
If they’ve not signed up yet – please ask your workplace to get in touch – it’s easy and free for them to set up and a great way to make sure their staff are happy and financially secure!
