Sep 212019

3 Money-Saving Grocery Tips

Posted on September 21, 2019 Uncategorized

    When it comes to tracking household expenses, you have set bills (i.e. rent, mortgage, cable) that you expect to pay every month. You also have expenses that vary every month – and food shopping is one of those ongoing expenses. Some households can survive on one big shopping trip a month, and some require multiple trips. And then you factor in the households that dine out somewhat often (which can be a budget breaker if you aren’t careful). Many people tend to underestimate just how expensive food can be and the toll it can take on an unsteady

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Sep 132019

Financial Tips for Newlyweds

Posted on September 13, 2019 Uncategorized

  Getting engaged to be married is a huge step for anyone who finds the right person to spend their life with. Whether you’re young and just starting out in new career paths, or you’re older with an established financial status, saying “I do” and signing a marriage license requires quite a bit of communication when it comes to sharing a bank account, bills, and other expenses. Studies have shown that 21 percent of divorced couples ended their marriage over financial stresses and woes, which can indicate a lack of communication on either end.   If you’re about to tie

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Sep 062019

Buying a Car – How to Avoid Making Costly Mistakes

Posted on September 06, 2019 Uncategorized

  When you make the decision to buy a car – whether it be new or used – you’re taking a huge financial step that will most likely affect your bank statements for a good while. It is definitely not a decision to go into lightly, unless you happen to have a windfall of cash and can buy straight off the lot. Even in that case, you want to ensure you’re making the best choices and not making easily avoidable mistakes. Many prospective car buyers get caught up in the process and overlook essentials as they sign on the dotted

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Aug 292019

How to Build Credit in College

Posted on August 29, 2019 Uncategorized

  For young adults who choose to take the higher education route, college is a time for big changes. No longer will they have the regimented school schedule from their youth; classes at varied times, extracurriculars and Greek organizations, and part-time jobs all throw a wrench into the lives of young adults to prepare them for the real world. However, there’s one very important part of joining the real world in young adulthood – healthy finances and good credit. Managing your checking account, saving money, spending wisely, and building credit are vital tools as you get older and take on

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Aug 232019

Buying a Home and Choosing Your Neighborhood

Posted on August 23, 2019 Uncategorized

    Hunting for a new house is something to not be taken lightly. When you’re signing on the dotted line and have a mortgage set up, you don’t want to simply settle. However, a key factor in looking for a new home is finding the right neighborhood for your lifestyle. Some people prefer a more quiet neighborhood, some like to live in the middle of everything, and knowing the environment you want to live around is just as important as finding an ideal home.   As you start checking out various neighborhoods, there are a number of factors to

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Aug 162019

Creating a Monthly Household Budget

Posted on August 16, 2019 Uncategorized

  As anyone who lives on their own or with a partner can understand, having a monthly budget in place for your household is imperative for a healthy financial lifestyle. Creating this budget will ensure that your bills will be paid on time, as well as help you assess the funds you have for groceries, prescriptions, or other essentials. It also ensures that you can assess what you have left over after such expenditures, and give you the opportunity to decide how that money is used, whether it’s for a vacation, a bigger purchase, paying off extra debt, or to

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Aug 082019

Back-to-School Season – Shopping Smart

Posted on August 08, 2019 Uncategorized

    Summer is winding down, the days are slowly getting shorter, and if you’re a parent, that means one thing – back-to-school season is upon us. Regardless of whether you prep in advance or if you’re doing most of your shopping right before the first day of school, this time of year is known for a bunch of additional expenses. More schools are requiring parents to provide their children with more expensive supplies, and if you’ve got growing kids, you’re likely going to need to take them clothes and shoe shopping as well.   One of the benefits of

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Aug 082019

Money Tips for College Students and Young Adults

Posted on August 08, 2019 Uncategorized

  As a young adult in the working world for the first time, your first paycheck from your first job is the start of something new. Many young people learn the basics about money as they grow up, whether it’s through earning money through a lemonade stand or in the form of an allowance for doing chores. As you get older and tackle more adult financial tasks, such as paying bills and creating a basic budget, it’s important to continue to learn and hone your financial skills and literacy.   In 2019, we live in a more digitalized world, and

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Jul 222019

Building a Business With a Credit Union

Posted on July 22, 2019 Uncategorized

    The United States is known around the world as the land of opportunity, and in turn, many people use that opportunity to start a small business, and many move to this country with a business in mind as well. About 27 million Americans run or own their own small business, and because of this, loans and financing are in strong demand. Starting out with a loan is the best way to get your business off the ground, and there’s no better financial institution than a credit union like Polam FCU to get approved.   If you already belong

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Jul 192019

How to Create a Healthy Emergency Savings Fund

  When it comes to one of those last-minute emergencies, regardless of the extent of the emergency, one may find themselves at odds when it comes to having healthy savings. While most people who are financially comfortable have a savings account, an emergency savings fund can help alleviate any concerns one might have regarding medical bills, automotive issues, unexpected home renovations, and even unemployment. Studies have shown that many Americans are one major emergency away from either bankruptcy or homelessness, depending on their annual income and current bills. Having an emergency savings fund is essential to your financial health, as

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