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Summer’s here, and in addition to longer days, vacations, and barbecues, this also means the holiday season is just around the corner. I’m only half joking. The pace of life is so hectic that before we realize it, the New Year’s Eve ball will drop in Times Square. According to one large study, the average American is so busy that they have under five hours of free time for themselves a week. I know the feeling. The study also found that six in ten of us regularly put off basic tasks like cleaning and banking for lack of time. Read more now.
Some years, like this one, just seem more eventful than others. Artificial intelligence is reshaping our world rapidly. And the quest to redefine other worlds is picking up, too. It seems like virtually every other month, a new mission takes off for the moon in anticipation of setting up permanent bases and, one day, colonies. Credit Union branches in space – now there’s an intriguing thought!
An unexpected auto repair bill. A higher than planned credit card bill. Tuition is due. There are a variety of reasons why you may need to transfer money around your Credit Union accounts or to a family member or friend. Regardless of the reason, the process should be quick and easy.
Managing your money is an ongoing part of life. As much as we all wish we could set it and forget it, reviewing your expenses, budgets, and goals is an important part of working toward living your best financial life.
The economy is fickle. There are peaks and declines. The stock market climbs one quarter and crashes the next. And when it comes to interest rates, over the past five years, we bet you thought they couldn’t get any lower and wondered if they’d ever go down.
A recent headline in the Wall Street Journal went: “Mass Layoffs or Hiring Boom?” This curious title perfectly sums up the difficulty we are all facing: deciding where our economy is heading.
Like the seasons, our economy goes through cycles, but unfortunately these aren’t as predictable as “spring follows winter.” During an adverse cycle, like the high inflation we’re experiencing, we can’t eliminate the pain but can take measures to mitigate its impact. Cutting back on discretionary purchases, like a few less Starbucks, or keeping the old phone six months longer is a great start.
These days, as you might imagine, the Credit Union spends a lot of time trying to help our member-family address the immediate effects of inflation. Today I’d like to focus on this, and also touch on how we keep our eye on the longer-term: how we help members plan for a financially independent “happily ever after.” Also, a bit of news on a big initiative we’re working on for you.
I was thinking that on any given day, if many of you chose, you could spend the best part of your time online – reading, texting, checking posts, binging on the latest streaming recommendations, and doing Wordle of course.
