When taking out a new loan, consider increasing your savings at the same time. Most of the time when someone gets a loan at the credit union they use payroll distribution to make their loan payments for them automatically. It is so easy to setup your payment to also put a little into savings when the payment is made. If you're one who likes to dip into their savings this is a good way to keep your savings out of sight and out of mind. Just consider it part of your loan payment and you'll have a nice surprise when the loan is paid off!