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With half of the year in the books, are you where you thought you would be financially? Is your plan a little off track? Getting your plan back on track as quickly as possible is extremely important. July is a great month to review your plan and make adjustments or recalibrate your financial plan based upon a detailed analysis on your performance.
FORUM is excited to announce the release of our new CU Online Android app!
This app complements the FORUM CU Online Internet Banking system. It allows you to check account balances, review history, pay bills, transfer funds, deposit checks, communicate securely with credit union staff, and receive notification via email or text message if certain account conditions occur.
In today’s fast paced world, financial matters often don’t receive the attention that they should and this can be very detrimental to one’s long term financial well-being. If you don’t have time to make smart financial decisions, then it would be best if you take actions to help you make the right decisions much quicker. The best way, simplify your financial activities.
A recent study by the Federal Reserve cited that non-housing, household debt has risen 3.3% in the last quarter of 2013. And a majority of US households indicated a financial setback of $5,000 or more would be a major financial catastrophe Much of it can be attributed to the fact that 2/3’s of US households don’t have a spending plan.
Have you finally decided it’s time to make a budget or at least get your some of your expenses under control? Well, one of the first questions you should have is how much should be allocated to each expense area. The best way to answer that question is to use what others are spending for each type of expense and build your budget from that starting point.
One of the most important building blocks for a sound financial future is to be prepared for the unexpected…and having an emergency fund is the key to being prepared financially. Many times emergency funds are derailed because we don’t have enough saved or we use them for non-emergency items.
There are countless reasons to save money, but saving for a home, your child’s education, and retirement are usually the largest and most daunting savings goals. They are also among the most important goals to save for – making it imperative that you begin saving now if you’re not already!
Let’s face it, budgets have a terrible reputation because they deprive you from what you love. But is that really true?