Phishing alert: We’ve received reports of SELCO impersonators calling members about fraudulent transactions. As a reminder, SELCO will never contact you requesting login information or to initiate wire, cash, or Cash App transactions. If you receive one of these calls, please hang up immediately.

Money Talks E1: Finding Your Financial Baseline

In the first episode of “Money Talks,” Lila discusses how to find your financial baseline and set short- and long-term goals. Of course, there will be roadblocks along the way—debt being the leader in the clubhouse—but there are steps you can take (and follow diligently) to become financially healthy.

Important Takeaways

  • Take a hard look at your finances and make a list of where every dollar is going.
  • Label each expense on the list as either “necessary” or “unnecessary.” This will give you a financial baseline (and opportunities for saving).
  • Set short- and long-term goals. Write them down and reference them often to see if you’re making progress.

Don’t worry if progress is slow—slow progress is still progress. Trust your plan and remember that it’s the small spending decisions over time that help you reach your financial goals.  

All Videos

Next Video

Keep Going

Financial Wellness Planning: Tracking Your Spending

Track your spending to support financial wellness by understanding cash flow, identifying habits, and making informed budgeting decisions.

Young woman on a laptop.

6 Steps to Prepare for Your (Financial) Future

Small steps and helpful tools—like the right savings account (they’re not all made equal)—can help you get ahead. Here are six small steps you can take.

Dustpan and brush sweeping up the word

Debt Snowball vs. Debt Avalanche

Looking for an efficient way to eliminate your debt? Discover the debt snowball and debt avalanche, which focus on paying off one debt at a time.

Person counting money.

Signs You Might Be Living Beyond Your Means

It's easy to accrue debt these days. Steer away from the "living paycheck to paycheck" path by checking yourself for these red flags.