Aug 292018

Money Habits to Develop in Your 20s

Posted on August 29, 2018 Uncategorized

  As a young adult, your 20s can be a life-changing decade. Whether you’re entering the workforce straight away or attending college with the intent to find work after graduation, your financial decisions will play a role in determining your future when it comes to your spending, saving, and your investments. Generally speaking, it’s accepted that most adults in their 20s have a lot to learn about money, and this time in your life is the best time to develop a healthy financial foundation that will carry you into your 30s and beyond.   Getting started is easy, and there’s

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Aug 222018

Four Ways to Save Money While Driving

Posted on August 22, 2018 Uncategorized

  When you’re looking to buy a car, there are two big things most people keep in mind: a highly functional automobile, and a great deal on said automobile. Saving money on a big ticket purchase is always ideal, especially if you know you’re getting good quality out of it. However, you may not realize it, but you might have driving habits that contribute to the wear and tear of your car, and you definitely don’t want to waste any of the savings you got in a good deal on excessive services.   To keep your new car in great

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Aug 152018

Easy Ways to Teach Your Child About Money

Posted on August 15, 2018 Uncategorized

  When it comes to your children, you want only the best for their future. While talking about money with your children may seem premature, doing so in an age-appropriate manner can be useful and educational. Money management skills are best learned young so one can make better financial choices as they get older.   Preparing for adulthood is never easy, and it’s even less easy if you go into adulthood not knowing anything about money. Instead of worrying about your child growing up with financial trouble, teaching them young about the basics is a great way to alleviate that

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Aug 072018

4 Tips for Boosting Your Credit Score

Posted on August 07, 2018 Uncategorized

  When it comes to boosting your credit score, it takes more than a quick overnight fix. The process of improving your credit score entails a number of elements, including keeping up with on-time payments, monitoring your credit score, and making sure you’re not overspending. Considering the fact that your credit score can affect anything from interest rates, approvals on loans, or renting / buying a home, it’s vital to make sure it consistently stays above 600, at the very least.   At Polam FCU, we are here to help you make the financial decisions that best suit your budget

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Aug 012018

Choosing Between Renting and Buying

Posted on August 01, 2018 Blog, Blog, Blog, Blog, Blog, Group A, Group A, Group A, Group A, Group A

  It’s one of the most common tropes in this country – the “American Dream.” For millions of Americans, that dream entails stability and comfort: getting married and having a family, having a stable and well-paying job, and owning a home. But for millions of other Americans, owning property, whether it’s a smaller condo or larger home with a backyard, is not ideal for a variety of reasons.   According to RealyTrac, between 2007 and 2014, roughly 7.3 million homeowners lost their homes due to the Great Recession. Thus, it comes as little surprise that the ownership rate has fallen

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