Make the most of our workplace savings scheme – Jackey’s story

Reading Time: 2 minutes

Jackey is a member of our community who works for a local housing trust, Southway Housing. She is a devoted mum of three who has saved with us here at the credit union for years now. Because of Balance, our workplace savings scheme, Jackey can sit back and relax while her savings grow securely here.

 

How Jackey found us

Before Jackey became a member, she was facing financial hurdles; she had been diagnosed with ADHD and struggled with impulsive spending. When her dad faced illness, Jackey stepped in to become his full-time carer – this took a toll on her finances and left her unable to pay her bills.

On her journey to get back on track financially, she was recommended through her work to check us out – thank you, Elaine! Jackey wanted to join us to start a savings pot, and Balance made kickstarting a savings habit convenient and accessible. Jackey told us that “it was a really good way to save, having money taken out your wages” “It’s good for someone like me, I can’t impulsively spend it”. She also enjoys how it’s an “automatic way of money going into your savings”.  

How Jackey felt supported

Before she joined, Jackey had been unsure if a community credit union would help support her but now, she realised that “credit unions are a saving method for everybody, and they help to support the local community through loaning back”. She would recommend the workplace savings scheme to others – “Even if it’s only £25 a month, you don’t notice the money going out and going into your savings. It is flexible, as your circumstances change you can put it up or down, it’s simple”

Jackey is invested in her community and wants to see everyone thrive, she values that South Manchester Credit Union is a community-led cooperative. That is why she chooses to save here instead of elsewhere.

Jackeys advice to other savers

We had to know her advice for someone at the start of their savings journey and she told us

“If saving is new to you, start small and then build it up as you can, because a lot of people don’t have confidence in their own money, and it is difficult in these hard times as well. So even if you can only put away £2.50 a week, you’ve got that money there”

We think her advice is brilliant, as we know here to kickstart a positive savings habit it does not require you to save lots just to save regularly. If you are like Jackey and know that Balance will help you grow a good savings pot then you can find out more here.

Share this post

Money saving tips

Side hustles
Local money for local people

Side Hustles – Everything you need to know

Reading Time: 4 minutesSide hustles are becoming more and more popular in the UK every day. The good news is, it’s never been easier to start earning some extra income. We’ll run you through all you need to know about side hustles so you can get yourself started. Looking to increase your income?

Read More »

Stories

Stories

Retrofitting your home – Marie’s story

Reading Time: 2 minutesDo you want to reduce your bills? Retrofitting your home and improving its energy efficiency is an effective way to achieve this. Here at South Manchester Credit Union, we can support you in reaching this goal. We offer a Green Loan to our local community – hear how this has

Read More »
Stories

Retrofit your home – Keith’s story

Reading Time: 2 minutesRetrofit your home! It is great for your finances and the environment. Here at South Manchester Credit Union, we offer a Green Loan to support our members through their journey to a more efficient home. Keith is a member who wants to reduce his bills and create a positive impact

Read More »

Financial support

Credit union world

Cost of living support – Cost of Living Emergency Plan

Reading Time: 5 minutesHello everyone – Ryan here. Just wanted to quickly introduce myself before we get started on today’s blog about cost of living support. I’m the newest member of the marketing team here at South Manchester Credit Union. I really am enjoying bringing you guys the best content we can. We

Read More »
Credit union world

Greater Manchester Community Credit Unions united to unveil £15m financial support in Covid recovery plan

Reading Time: 2 minutesIn 2020 eight community credit unions joined together to launch a Covid-19 recovery plan. The plan offered £15m in financial support to millions of people across Greater Manchester. http://youtube.com/watch?v=2-Onp-dell8&t=18s Sound Pound offered financial support The consortium, known as SoundPound, showed communities across the region that there was light at the

Read More »

Credit union world

Credit union world

We have smashed the 5000 member milestone

Reading Time: < 1 minuteSince 2000, we have been driven to provide our community with safe financial services, working hard together to grow and support local people. Recently, we celebrated a massive milestone – 5000 members! We invited Abraham, aka Mr 5000, to Fog Lane for treats and photos. We wanted to learn more

Read More »
Credit union world

We are continuing to make history in our local community

Reading Time: 3 minutes2025 has been a year of growth for The Sound Pound Group of Greater Manchester credit unions, of which we are a founding member. January kicked off with the Annual Bee Bus Ticket launch, our latest offering to our local community. The ticket gives our communities cheaper travel on Greater Manchester buses

Read More »