Money Matters
Your Credit Union Newsletter
In the spirit of Halloween, we present a ghost story or, rather, a cautionary lesson. Come, gather around. Grab a warm blanket. Read more.
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Don’t buy what you can’t afford. Sounds simple, right? Well, sort of. While restricting spending to what you bring home in a paycheck is the foundation of sound money management, doing it can be difficult. The reasons are many, but primary among them is the popular idea that living in debt is acceptable. However, this is a dangerous way to view your finances. Read more.
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The 2×2 System is where you set aside two hours on the calendar two times a month to complete a predetermined financial task. This modest but consistent effort can help you sustain financial health and build wealth in bite-sized chunks. Read more.
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There are many reasons you may need to borrow money. From tackling big home improvement projects to buying a vehicle to fixing a temporary cash-flow challenge. Reducing the cost of borrowing money is crucial to helping your manage your personal finances. By implementing these ideas, you can lower the cost of a loan by lowering the amount you pay in interest and associated fees.
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“Hello, we’ve noted a problem with your account ending in 4321. Can you please give me your Social Security Number so I can verify your identity?” Talk about service, you may think. Your financial institution is calling you to report suspicious activity related to your account. Here’s the problem: There’s been no suspicious activity. The person is not calling from your financial institution. It’s a scam.
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October marks the beginning of the fourth fiscal quarter of the year. Called Q4, the period of October, November, and December is a great opportunity to take a close look at your financial health and take action to set yourself up for success in 2025. Here are 7 tips for ending the year financial fit.
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A 401(k) plan is a powerful tool for retirement savings, offering tax advantages and employer contributions. However, life’s financial demands may tempt you to consider withdrawing money from your 401(k) accounts. Read more.
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The 2×2 System is where you set aside two hours on the calendar two times a month to complete a predetermined financial task. This modest but consistent effort can help you sustain financial health and build wealth in bite-sized chunks.
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When last we wrote about the Federal Reserve, the financial industry was all a buzz about what the Fed would do next. Here we are a few months later, and two things haven’t changed. Read more.
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How would you rate your financial literacy? Are you a money maven, the person all your friends and family turn to for advice? Or are you more of a “as long as the bills are getting paid and I’m saving a bit each month, that’s all I need to know” type of person? According to a recent study, only 57 percent of people in the U.S. are financially literate.* Read more.
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