People who are successful at managing their finances have one thing in common: they have the discipline to put money aside to achieve short and long term goals. Savings takes self discipline – putting off that new pair of shoes or special dinner out to put something away for the future. This is particularly hard for young adults who are facing a myriad of life changes including first cars, jobs and apartments. They get married, buy homes and have children. Not to mention school loans and college debt.

Credit unions provide desired products and services. They strive to help young adults establish realistic savings plans and provide financial education to help them recognize the benefits of starting savings plans early. Saving only $1 per day for 30 years will equal $30,000 to $50,000 depending on the interest rates. Many credit unions pay elevated interest rates on the first $500 to $1000 in savings deposits to encourage the savings habit. Others offer step up certificate programs or special life events savings programs such as Matrimoney.