There are a lot of important events that take place over the course of our lifetime. Marriage, buying a home, and having your first child are all events that are very exciting but also very stressful.
The excitement combined with the stress can lead us to rationalize very poor financial decisions by saying things like, "Well you only get married once," or, "Just getting one more thing for the new baby won't hurt." It's important to keep your emotions under control during these milestones so you don't end up in financial hardship.
You're in your early twenties and you're beginning to think about the best options for your money. Whether you're beginning college or getting ready to graduate, it's never too late to begin exploring your financial options.
Banks and credit unions are all over the place and each experience seems nearly the same. However, we must point out that the two are totally different behind the scenes! Let's just go over the basics:
You have been waiting for this day for a very long time: it’s time to buy a car. But where do you start? This is unfamiliar territory; you have never bought something so big before. Certainly, the big question is on your mind: “How am I going to pay for this?”
Trying to buy a car as a teenager can be difficult, but it’s not impossible. Be prepared though, because the lack of credit history will be your largest barrier. A credit history is important because that’s how lenders know you pay your bills.
Is there a cause you really care about? Giving to a charitable organization is a great way to make an impact on that cause. There are millions of charities in the United States alone, and with that comes a high level of competition. Consequently, charities have resorted to telephone solicitations and stuffing your mailbox with pamphlets, leaving you feeling guilty for not knowing where your donations should go. So what do you do?
We won’t argue that giving is great, but before picking a charity, make sure you consider the following things:
When parents think about keeping their college student safe, they often think about ensuring they travel in groups or keep their doors locked at night. Although these are very important, there is a less noticeable threat that needs to be brought to their attention: identity theft.
Identity theft typically falls into two groups: a one-time opportunity or an organized theft. For example, a one-time opportunity theft may involve someone using a debit or credit card after noticing it has been carelessly left out in the open. On the other hand, an organized theft is premeditated and usually involves thieves that are part of a criminal group.
It’s not surprising that the convenience factor of online shopping has made it very popular among consumers. Although convenience plays a huge role in its popularity, there is something else to mention: your ability to compare prices of products. These things work in the favor of the value-conscious consumer. Let's dig a little deeper:
The Comfort from Reviews.
Even if you don't want to buy a product online, reading reviews can help. It’s really difficult to get information on something when you’re at the store. The odds of finding someone who has purchased the same thing are small. Fortunately, this is where online comparison shopping comes to the rescue. You can simply type in the name of the item into a search engine and see numerous reviews from people who actually have experience with the item.
If you have been thinking about improving your finances, you have come to the right place. Did you know FORUM Credit Union has a program created just for responsible saving and spending habits? If you're working to achieve financial wellness, why not have a chance to earn a reward?
That's right. You could be entered to win up to $2,000 for accomplishing YOUR financial goals. The SaveItUp program allows you to earn points by completing steps found in the SaveItUp Playbook. After you're finished completing your steps, turn in your slip from the scorecard at a local branch or email it to firstname.lastname@example.org.
“Budget” is an intimidating and depressing word for many because it requires facing the reality of your not-so-perfect spending habits. For this blog, let’s refer to a “budget” as a spending plan… maybe that will ease the pain a little.
Coming up with a spending plan doesn’t have to be painful. Incorporate these tips into your spending plan, and you'll see why: