your online baskets with presents, it is essential to set a plan and create a realistic budget. It is easy to overspend with all of the excitement, but spending too much now could mean months of bills and high credit card charges in the new year.
l expenses – even if you have health insurance – can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account (HSA) to pay for some very common (and often pricey) out-of-pocket medical expenses at a tax advantage.
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.
The last quarter was filled with new developments at your Credit Union. The most exciting was the introduction of Tulee, our digital banking platform. Thank you to all our Members who downloaded and are using the Tulee app. We hope it will make banking with us even easier. And be on the lookout for new Tools and improvements by the end of the year and into the future. We appreciate the enhancement suggestions – keep them coming!
nterest rates are always a hot topic, whether the go up or down. As of this writing, the Federal Reserve has raised interest rates four times in 2023 in its effort to curb inflation. While there’s much debate on whether this is a smart move, there’s little doubt that an increase in interest rates for home and auto loans and credit cards makes it more challenging for consumers. But there is a silver lining: increased interest rates mean increased rates for CDs and Certificates.
Medical expenses, even if you have health insurance, can be steep. However, if your policy has a high deductible, you may be able to use a Health Savings Account to pay for some very common (and often pricey) out of pocket medical expenses at a tax advantage.
With so many moving parts in personal finance, it can be tough to know where you stand. By calculating your net worth at least once a year, you can get a snapshot of your progress and better identify areas that might need some work.
echnologies. Digital payment apps are no exception. With their use becoming increasingly a part of our everyday life, knowing the steps for safeguarding your information and maintaining control of your money is essential.
your spending limits now and top up savings for gifts, activities, and travel. Calculate how much you’ll need for each category and divide by how many months you have left. Then have that amount deposited automatically into the respective accounts.