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.
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.
Excited as we are with Tulee, it’s just part of our long-term plan for members, and I’m glad to report that we’re well on track. Recently we had a banking econometrics expert review and analyze our performance over the last four years to help identify how we could improve compared to the rest of the credit union industry. A byproduct of this was a set of metrics that compared us to industry performance averages.
At one time or another, we’ve all made purchases that seemed impulsive. That neon pink windsurfing board or ultra deluxe karaoke machine for example. Sometimes we rue the day and wonder what possessed us, other times we look back fondly on an inspired choice. That leads us to an intriguing question.
If you rely on gas, the expense can be significant for households and businesses. In winter you’re heating the premises and in summer cooling them off, not to mention year round need for hot water. But there are some ways to reduce your costs. Here are eight ideas to help you save money on your future gas bills.
There are a lot of monumental moments in parenthood. Beyond the first steps and the first day of school, you, as a parent, will be helping to navigate your child through their life. Your teen’s very first job is a big moment, too. Not only can they begin earning their own money but working for the first time will give them a sense of purpose and independence.
A recent study found that people who automate saving toward their goals achieved a 73% increase in savings over people who didn’t. The bottom line: you’ll save more (and avoid temptation to spend) by automatically saving toward your goals each month.
With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and make some moves to save more.
