Financial distress often doesn’t come immediately but rather is a build-up of poor financial decisions that lead to the problem. One of the leading causes is living beyond your means. There are several signs that could indicate you are living beyond your means and early recognition can often help you avoid a financial disaster.
Congratulations on graduation! It’s time to get geared up for college so you can meet new people, discover your academic interests, and welcome some more financial independence. As you transition into college, managing your money well can make your life easier. Here are a few things to think about.
People have a tendency to make financial matters more complicated than they really need to be. Complicated planning worksheets, detailed budgets and net worth calculations and other financial tools can all become overwhelming. Sometimes, the best way to achieve big goals is to make your plans as simple as possible. Why is keeping is simple so important? It is because you are more likely to follow through if the process is simple and easily repeatable week after week.
The New Year is a time for new beginnings. A time when people make declarations to lose weight, quit smoking, volunteer to help others, and develop better habits. You probably have a mental list of personal areas you want to improve. But have you considered adding a financial resolution to that list? How would your life look if you saved more, spent less, paid off debt, and planned for retirement?
It can be easy for spending to get out of control during the holiday season. That’s why it’s important to remember that you’re the boss! Instead of letting your money control you this holiday season, start controlling your money. You’ll feel happier when the season is over if you still have some cushion in your wallet.
If you are not happy with your current financial situation, maybe it’s time to take action and start getting fit financially. There are a few ways to get your financial situation in shape and it starts with realizing you might not be where you want to be financially.
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.