Below are a number of free tools to assist you in building a healthy financial life. These tools address budgeting, credit, retirement, savings, and emergency planning.
- Budgeting Tools
Track Your Spending (PDF)- Many people do not know where their money goes today. Prior to developing a budget/spending plan, FHFCU thinks people should track their spending for at least a month in order to know where the money actually goes.
Personalized Spending Plan (PDF) - It is estimated that only 36% of Americans use a budget to help manage their money. We are strong believers in budgeting. We prefer the phrase spending plan, but whatever you call it, it is a critically important money management tool.
Assessment Tool (PDF) - This is a good place to begin in your quest to become more financially healthy. This assessment is simple to complete and you can score it yourself. Once you have done so, it will provide you with comments and information to help you understand which of the range of financial health topics you should be focusing on.
- Credit Check Up & Credit Building Tools
Credit Check-Up (PDF) - Complete the information on this form and submit it to us and we will evaluate your credit and provide you with steps you may need to take to improve your credit for the future.
Debt-To-Income Ratio (PDF) – When you apply for credit, the lender calculates your debt-to-income ratio in order to determine whether you can afford the payment on the loan you are applying for. This tool allows you to calculate your own debt-to-income ratio.
Three Steps to Improve Credit (PDF) – Your credit score affects whether you will be approved for credit when you need it and how much you pay for credit. Do you need to improve your credit? This tool helps point you in the right direction.
Assessment Tool (PDF) - This is a good place to begin in your quest to become more financially healthy. This assessment is simple to complete and you can score it yourself. Once you have done so, it will provide you with comments and information to help you understand which of the range of financial health topics you should be focusing on.
- Retirement & Savings Tools
Retirement Planning Quiz (PDF) – Have some fun with this little quiz which is designed to highlight some of the retirement planning issues all of us should be thinking about.
Retirement Fund Estimator (PDF) – Recent surveys found that more than one-third of working adults have saved nothing for retirement. Many people believe social security will not be enough to cover all of their retirement needs. This tool allows you to calculate how much of a retirement nest egg you may need and how much you should be saving now to achieve that goal.
Power of Compounding (PDF) – It is truly amazing how effective even a small savings program can be if it is continued over time. This tool shows how much you can accumulate in savings by making weekly deposits and leaving it to earn interest.
Assessment Tool (PDF) - This is a good place to begin in your quest to become more financially healthy. This assessment is simple to complete and you can score it yourself. Once you have done so, it will provide you with comments and information to help you understand which of the range of financial health topics you should be focusing on.
- Savings, Emergency Funds & Financial Wellness Tools
Savings Target Calculator (PDF) - We all know we should be saving more than we do, right? But, how much should we be saving? The answer depends on many factors. This tool helps you sort through those factors and determine how much you ought to be saving on an annual basis.
Power of Compounding (PDF) - It is truly amazing how effective even a small savings program can be if it is continued over time. This tool shows how much you can accumulate in savings by making weekly deposits and leaving it to earn interest.
Savings Challenge (PDF) - As of 9/20/2023, we are no longer offering the Savings Challenge.
Emergency Fund Account (PDF) - We think everyone should have an emergency fund equal to at least one month’s expenses. This tool helps you determine how much you should have in your emergency fund. FHFCU offers members a special emergency fund account to help them build their emergency fund.
Assessment Tool (PDF) - This is a good place to begin in your quest to become more financially healthy. This assessment is simple to complete and you can score it yourself. Once you have done so, it will provide you with comments and information to help you understand which of the range of financial health topics you should be focusing on.
