Partner with PCU for Money Month
This year, Sorted Money Month is focused on the theme of ‘Emergency funds’.
It’s important to have regular savings, but even more critical to have some dedicated emergency savings when it comes to those unexpected financial surprises that always come at the worst time. It's helpful to build a ‘pillow’ to lean back on when you need it most.
Whether you're looking to build your emergency savings, get on top of your debt, or need support through a rough patch, PCU is here to help you turn “stressed” into “sorted” this Money Month.
An emergency fund is vital
It may be easy to just ignore it, because... ‘ignorance is bliss’, but when it comes to money, you can’t ignore the inevitable.
Here's what the stats from a recent NZ survey say:
🫥 Over 50% said they feel financially uncomfortable
💸 44% said they don't have an emergency fund pool
🌱 64% of people who had set up an emergency savings fund in the last three months felt confident about their future, compared to only 22% of those without an emergency fund.
Three reasons to start an emergency fund
1. Reduces your stress
Money troubles take a significant toll on your mental health. Having funds saved up for unexpected costs makes you feel more comfortable and helps prevent you from ending up in a poor financial situation.
2. Keeps you moving in the right direction
What if you had to cancel your leisurely holiday to replace your broken dishwasher? With a cushion, you can still get what you need without compromising what you want.
3. Proves you can create good habits
Being diligent at saving money doesn't only grow your bank balance but also grows your confidence. You'll begin feeling more financially comfortable and be in control of your money instead of it controlling you.
How PCU can help
Build your buffer
If you're ready to start your emergency savings, you can open an savings account with PCU away from your main bank so it's out-of-sight! We have competitive savings rates for you and your whānau.
Free up funds
If you’re juggling high-interest debt, building your emergency savings can feel impossible. Consolidating your debt into a lower-rate loan could be the reset you need. We're here to help!
Grow your savings
If you've already built up a nice emergency fund pool, a term deposit could be a good option for you. Starting from just a $500 deposit, lock in your funds and earn higher interest.
💙 Share the aroha
Want to help your family members get their emergency savings started? Why not let them know they can join PCU!