Should You Stop Saving to Repay a Loan or Credit Card?

We all know that saving money is a good idea.  The tricky part is finding something left over at the end of the month to actually save.

You've probably heard the phrase "the Bank of England has changed interest rates" countless times. But what does that actually mean?

When money is tight, saving for the future can feel like something to think about later...

Father’s Day is coming up, and if you are still deciding what to get, our member discount platform through Vivup has a range of offers that can help you save on gifts, days out and experiences Here is a quick overview of what is available to First Defence Finance members: Concerts and experiences

Planning a trip this year? Credit unions are often a go-to for saving or borrowing for a holiday. But with Plane Saver, there’s an extra benefit. Members can also access a range of travel discounts through our partnership with Vivup, helping you cut the cost of your trip. From hotel and airport parking, to activities and full holiday packages, here are the best deals to make the most of these member benefits, including: 65% off Hotels worldwide 32% off airport parking 20% off travel insurance 10% off popular attractions across Europe Up-to £300 off future trips Hotels & Accommodation: Save up to 65% worldwide with Hotel Planner

Spring is not just for cleaning your home: it is the perfect time to refresh your finances. A spring reset gives you the chance to take stock, clear out financial clutter, and build habits that make money feel less stressful. Instead of trying to overhaul everything at once, this plan uses small, science-backed changes that build lasting habits over time. Inspired by James Clear’s Atomic Habits, it focuses on realistic, manageable steps so your financial reset actually sticks. Why it works: habit science shows that small, consistent changes are more likely to last than drastic overhauls. Each week builds on the last, so by the end of five weeks, you will feel more confident, organised, and in control of your money. Week 1: Track What You Spend Before you can make changes, you need to understand your habits. Tracking spending gives you a clear picture of where your money goes. You also can’t improve what you can’t see. Do not overthink it: just start capturing every purchase. Action Steps: Use the table below to record all spending this week. Copy it into Word, Notes, or grab a pen and paper. 

Winter has a way of putting extra pressure on household budgets. Higher household bills, everyday costs creeping up, and the knock-on effect of Christmas spending can leave many people feeling behind before the year has even started. If that sounds familiar, you’re not alone. And at First Defence Finance, support is not just about savings and loans. It’s about helping you feel more in control of your money, whatever stage you’re at. First Defence Finance is more than a place to save or borrow. We also offer practical tools, trusted guidance, and everyday support that many members do not realise they already have access to. Here’s how we support members beyond the basics. Check You’re Not Missing Out on Financial Support Every year, billions of pounds in benefits go unclaimed across the UK. Often not because people are not entitled, but because they do not realise support exists or assume they would not qualify. Our Benefits Calculator , powered by InBest, helps you quickly check what support you could be entitled to. It is free, confidential, and takes just a few minutes to use. Many members are surprised by what they find. Visit www.firstdefencefinance.co.uk/support A Budget That Actually Works in Real Life People who regularly track their spending are far more likely to feel confident about their money and build savings over time. But budgeting only works if it feels realistic. Our partner company Plane Saver Credit Union offer two options: An online budget planner , powered by MoneyHelper A printable Plane Saver budget planner , designed by our team for simple, everyday use Whether you like digital tools or pen and paper, the aim is the same. To help you see where your money goes and make small changes that add up. Visit www.planesavercu.co.uk/budget-planner Trusted Support, Matched to Your Situation Sometimes you need more than a calculator or a planner. You need advice from someone who understands your situation. Our Help and Support page brings together trusted organisations offering free, expert guidance across a wide range of topics. From debt and divorce to housing, energy costs, gambling support, and mental wellbeing, you can filter by what you are dealing with and avoid generic advice that does not apply to you. This means you are guided straight to the right experts, at the right time, for the support you actually need. Visit www.firstdefencefinance.co.uk/support Making Spending Easier to Control with Discounts First Defence Finance members have access to a dedicated lifestyle discount platform with over 800 offers across supermarkets, food, travel, retail and everyday essentials. These discounts are not just about getting money off. They can also help you plan spending and avoid the habits that quietly drain your budget. One of the most effective tools is reloadable supermarket cards . You choose a supermarket, decide how much you want to spend on food for the week or month, and load that amount onto a reloadable card. This works with major supermarkets such as Tesco, Sainsbury’s, Asda, M&S, Waitrose, Iceland and others. Once the balance is used, that is your food budget spent. It encourages planning, reduces impulse top-ups at more expensive convenience stores, and helps you stick to what you have set. The same approach works for everyday habits too. If the costs of your takeaway coffees add up, members can use discounted Costa or Caffe Nero cards. If food delivery is a weak spot, discounts are also available for Deliveroo, Uber Eats, and Just Eat. It is almost like having separate spending pots for different parts of your life, helping you stay in control without feeling restricted. Members can register and explore all available discounts here: www.firstdefencefinance.co.uk/memberbenefits Fair, Affordable Borrowing When You Need It If you do need to borrow, First Defence Finance offers loans with no hidden fees, no early repayment charges, and interest calculated on the reducing balance. We also encourage members to save alongside repayments where possible. That way, when the loan ends, you are left with a pot of money rather than starting from scratch. A Credit Union That Supports the Whole Picture First Defence Finance is here for the long term. Not just when things go wrong, and not just when you need a loan. Whether you save through payroll, pay by direct debit, or simply want better control of your money, everything we offer is designed to support your financial wellbeing. You do not have to use everything at once. Even one small step can make a difference. And if you are unsure where to start, our team is always happy to help point you in the right direction.

In today's fast-paced world, sound financial planning is essential for securing a stable future.

All any 18-year-old really cares about is their future...