Creating a personal budget can be overwhelming, especially when you're just starting. But it doesn't have to be. With the proper guidance and a little effort, you can create a budget that works for you and your financial goals. Here are seven tips to help you start your budgeting journey.

A credit union is briefly described as a financial institution controlled and owned by its members. These types of institutions offer plenty of products and services to manage your finances while providing additional products, such as personal loans. Credit unions act as smart alternatives to banks when it comes to entrusting an organization to manage your finances.

To paint a bigger picture, we've outlined below what makes up a credit union and some of the benefits that come with them.

Credit unions are financial institutions, like banks, that offer a broad range of financial solutions for their customers. But, unlike banks, credit unions are cooperative institutions, owned by their members. They're not-for-profits, providing a secure place to save and offering reasonable rates.