At Polam FCU, not only do we strive to provide you with the best financial services possible, we also want to share some guidance and expertise. Peruse our blog for the latest industry news and information relevant to you.
Bringing a child into the world is a blessing. However, children can be an expensive blessing, especially if you have a dual-income household. In our current economic climate, child care is often unaffordable; according to the 2018 Cost of Care Survey, child care is unaffordable for roughly 70 percent of American families. One in three families spends 20 percent or more of their annual household income on child care. When you decide to start a family, there are a number of financial variables to consider. Planning ahead for child care, especially before your child is born, can make▸ continue reading
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▸ continue reading