Category Archives: Tips For Managing Finances
Get your Holiday Budget Ready Now with These 4 Tips
It’s never too early to start budgeting for your holiday shopping! When you plan ahead, you’ll be able to enjoy the season without racking up a ton of debt. To get started, check out these helpful tips. Open A Club Account Consider opening a Holiday Club saving account for your holiday shopping’s expenses. What’s a Club… (read more)
Posted In: Tips For Managing Finances
Tips and Tricks to Combat Inflation.
You hear the term mentioned frequently these days: Inflation. But it makes you wonder, what is inflation? The Bureau of Labor Statistics defines inflation as “the overall general upward price movement of goods and services in an economy.” For the rest of us, it just means we’re all paying more for just about everything. While inflation… (read more)
Posted In: Tips For Managing Finances
How to Stay Financially Confident in Retirement
In todays’ age, retirees are living longer and experiencing retirement in new ways. In general, people no longer work for the same employer for 50 years, retire on a predictable pension, and settle into a quiet lifestyle. Instead, today’s retirees are more active—with baby boomers controlling 70% of the country’s disposable income. They’re traveling the world,… (read more)
Posted In: Guest Blog, Tips For Managing Finances
Understanding the 2021 Child Tax Credit
Taxes and deductions can be complicated, especially when eligibility is always changing. For families with children, understanding the new child tax credit is key to planning for the future. Recent changes to the Child Tax Credit have expanded its reach to help more families for the 2021 tax year. Advance payments, which are based on… (read more)
Posted In: Tips For Managing Finances
Should you Pay Down Debt Or Save For Retirement? What to Know
There are many aspects of financial planning to consider when deciding whether to pay down debt or save for retirement. We all know that both are important, but how do you know which one you should be focusing on? Guest blogger Nichole Coyle, Certified Financial Planner™, discusses what factors you consider. Emergency Funds Come First… (read more)
Posted In: Guest Blog, Tips For Managing Finances
Three Tried and True Facts About Personal Finances
?By GreenPath Financial Wellness No matter your age or stage in life, it pays to know the facts about personal finances. When you understand the basics, you can set yourself up for success and build a healthy financial future. Here are three tried and true facts to know about personal finance to get on the right… (read more)
Posted In: Tips For Managing Finances
Seven Things to Consider During a Market Decline
You’re feeling like a grown up – with a savings account, a checking account and you’ve even started investing. But all of a sudden the market seems to be going south, and you’re getting nervous about whether you’ve made the right financial planning decisions. Today, guest blogger Nichole Coyle, Certified Financial Planner™, talks about what… (read more)
Posted In: Guest Blog, Tips For Managing Finances
Three FFCCU Money Hacks: Tips and Tricks That May Be Hiding In Your Wallet
It may come as a shock to some, but there are money hacks hiding in plain sight in your wallet and untapped benefits on your credit cards and savings accounts that could potentially help you make money. Read more as we divulge three tips to make your money work for you! There’s An App For That!… (read more)
Posted In: Tips For Managing Finances
Five Steps to Prepare for a Big Purchase
By GreenPath Financial Wellness A financial journey typically includes several twists and turns – such as understanding how to manage spending, build savings and control debt. There might be “speed bumps” in the form of unexpected changes in income. Along the way, you might also navigate milestone purchases such as financing a home or car. When considering a significant purchase, the destination is within reach when you steer through the following five financial steps. Look at your financial picture Start by considering what you can afford given your current income,… (read more)
Posted In: Member Perks, Tips For Managing Finances
Roth vs. Traditional IRA – What’s the Difference?
One of the most common questions I am asked when discussing retirement planning is, “What is the difference between a Roth and a Traditional IRA?” Both Individual Retirement Account (IRA) options are great ways to save for retirement. You can contribute to one or both types in any given year. However, there is a maximum… (read more)
Posted In: FFCCU News and Info, Tips For Managing Finances
