Feb 262021

Building and Maintaining a Healthy Credit Score

Posted on February 26, 2021 Uncategorized

  As you probably know, your credit score is one of the most important aspects in having a healthy financial life. That score can affect so many aspects of your life, from being approved for loans and credit cards to owning or renting a home. Your credit score can also impact what you’ll pay in interest rates and even your job prospects. However, there are various ways to help improve your score, regardless of how high or low it is. Here are a few tips to help you get started:   Don’t ignore your debt – manage it as you

▸ continue reading
Feb 232021

Finances and Your Family – Teaching Your Children Money Skills

Posted on February 23, 2021 Uncategorized

    Talking about money with your children may seem premature, but 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, and it’s smart for kids to pick up good habits at that time as well. Because, when it comes to your children, you want only the best for their future.   Preparing for adulthood is never easy, and it’s even harder going into adulthood not knowing anything about money. Instead of worrying about your child growing up with financial

▸ continue reading
Feb 162021

Personal Loans – How to Use Them

Posted on February 16, 2021 Uncategorized

    For many people, there may come a time when they need a quick influx of cash for a specific reason. Perhaps something unexpected occurred, such as a medical emergency or damage from a natural disaster. Or the need to cover a semester of college tuition. Maybe even the desire to purchase a big-ticket item. Whatever the case may be, people take out personal loans from their credit union for a variety of reasons.   At Polam, our loan specialists are on hand to help our members who are in need of a personal loan. If you’re curious about

▸ continue reading
Feb 102021

Overspending – Why People Do It

Posted on February 10, 2021 Uncategorized

    Consumerism is popular in the United States, and with consumerism comes the risk of overspending. According to a recent survey, Americans tend to overspend by roughly $7,500 annually, leading to the rise of payday lenders and skyrocketing credit card interest rates. Simply put, too many people are living beyond their means. However, while there’s nothing wrong with stimulating the economy by spending money on things you like, your financial goals may fall to the wayside if you aren’t careful with your money. Prioritizing where and how you spend can go a long way.   If you think you

▸ continue reading
Feb 022021

Building a Successful Small Business

Posted on February 02, 2021 Blog, Blog, Blog, Blog, Blog, Group A, Group A, Group A, Group A, Group A

    Have you ever dreamed about being your own boss? You’re certainly not alone – with roughly 28 million small business owners in the United States, you’d be one of many entrepreneurs who made the decision to take the valued risk of starting a small business and becoming your own boss, setting your own working hours, and determining your own earning potential. There are so many rewards that come with being a business owner, but to properly reap those rewards, it’s important to get started with the best advice and guidance.   Here are a few “secrets” of the

▸ continue reading