Swap out a pumpkin spice latte and put that hard-earned money towards:
- A savings account that works just as hard as you
- A checking account that can earn higher returns for you
- An outstanding loan or credit card balance, lowering interest owed and improving your credit score
Fall is here! That means sweater weather, college football, and falling leaves are just around the corner. It also means unexpected expenses like school supplies, sports equipment, Halloween candy, and more. So, as we roll into the new season, why not take the opportunity to check on your Savings strategies. Do you have an emergency savings for when financial curve balls come your way? If not, we challenge you to skip tomorrow’s pumpkin spice latte and put that $7 where it can really work for you.
Savings Accounts
Skipping your daily pumpkin spice latte can lead to surprising savings. At $7 a cup, that's $49 a week, $210 a month, and over $2,500 a year. Imagine what you could do with that money—whether it's building an emergency fund, investing in a CD, or paying down debt.
A savings account is one great way to turn seasonal spending into smart saving. Advia’s Ultimate Savings account offers a high promotional APY initially, then offers tiered rates based on your balance, with no minimum opening deposit, no monthly fees, and unlimited transactions. Another option is a High Yield Savings or Money Market Savings account, which offers an even higher rate on larger balances. These accounts typically pay interest monthly, are without service fees, and can be accessed via smartphone app. All accounts are federally insured by the NCUA, and opening one is as simple as logging into Digital Banking—no branches, no hassle.
Smarter Spending
If you're just starting out, consider our EZ Saver CD, which requires only $50 to open—perfect for those who want to begin saving without a large upfront deposit. Even skipping your latte for just one week can help you reach that initial deposit. Plus, EZ Saver CDs allow unlimited deposits during the term, unlike traditional CDs. After six months, if you've saved up to $500, you can explore our higher-yielding, longer-term CD promotional options.
A winning financial strategy isn’t just about saving money. It’s about spending your money… but smarter. Redirecting your latte money toward debt repayment can be just as powerful as saving it. Just $21 a week toward a credit card or auto loan adds up to over $1,000 a year. This not only reduces your debt but can also improve your credit score by lowering your credit utilization and maintaining consistent payments.
So, when you’re craving that pumpkin spice latte, remember that a credit union like Advia will typically offer member rewards like special Checking account dividends, bonus credit card points, and recurring giveaways—just for making normal purchases! With the right financial mindset that combines smarter saving and spending, you can turn that $7 beverage purchase (or the decision to skip it) into a proactive money move. What a way to cap off the year!
About Advia Credit Union: Advia Credit Union’s mission is to provide financial advantages to its members. With $3.7 billion in assets, Advia seeks to provide quick and easy access to money and time-saving financial tools to nearly 200,000 members in Michigan, Wisconsin and Illinois. Advia’s team of over 600 professionals delivers excellent service and innovative products at 34 locations and via digital and mobile platforms. Advia is guided by its core values: driving progress, acting with integrity, building and strengthening relationships, and keeping people at the core. Visit adviacu.org to learn more about how Advia provides Real Advantages for Real People™.