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Categories: Planning, Students

Graduating from college comes with a lot of emotions - you're anxious to start the next chapter of your life. You're sad you have to leave all of your friends from school. Lastly, you're stressed because you're trying to figure out how in the world you're going to pay back your student loans.

Categories: Buying a Car, Saving, Students

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.

We live in a world where the pressure to spend money is stronger than ever. Everywhere we go, we are surrounded by advertisements. Advertisers have strengthened their ability to make people want something, usually by making us feel like we need it. Sometimes the feelings we get after seeing an ad make it really hard for us to resist impulse buying and prevent us from saving.

Why save if you have enough money to buy everything you want? Well, different people save for different reasons. For your stage of life, you’re likely thinking about a car, a trip with friends, money for college, or an item you really want but can’t afford at the moment.

Sometimes school activities can interfere with holding a part-time job, or maybe you’re simply not old enough to begin working yet. Whatever the obstacle, here are four realistic ways to make extra cash:

1) Winter weather brings excellent business opportunities. Go to every house in your neighborhood and ask if you can shovel their driveway for $10 to $30, depending on the length of the driveway. Some people are uneasy about one person approaching their door and offering services so it may be best to round your friends up and work together. Working with your friends may be a better approach because it is safer, more efficient, and may not put off potential customers. If you do your job well, you will likely have loyal customers in the future.

Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.

Categories: College, Education, Students

Are you heading off to college this fall? Don't forget to take your credit union along with you!

Anyone who currently has or has had credit cards or loans has a credit history with Credit Reporting Agencies. These agencies provide credit reports upon request. A credit report contains information about where the person works and lives and how they pay their bills. It also may show whether they have been sued or arrested or have filed for bankruptcy. Businesses use this information to evaluate applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA).

Categories: Career, Students

What is an entrepreneur? It is a person who organizes, operates, or takes on the risk of a business venture.

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FORUM Credit Union in Indianapolis, Indiana is federally insured by the NCUAFORUM Credit Union in Indianapolis, Indiana is an Equal Housing Opportunity lender
Federally Insured by NCUA