Apr 092021

Protecting Your Child’s Financial Future

Posted on April 09, 2021 Uncategorized

  As a parent, it’s your responsibility to ensure your child is safe in every way – and that includes the safety of their identity. Once they turn 18, they’re entering a whole new adult world where their financial situation can make or break their ability to find a home, access loans or credit cards, and in some cases, their ability to find a job. Identity theft can affect anyone, and you don’t want your child to ease into adulthood with an already-damaged credit history.   It’s never too late to start taking preventative measures for your child. Here are

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Apr 022021

Using Social Media to Promote Your Business

Posted on April 02, 2021 Uncategorized

    When it comes to spreading the word about your business, promoting your brand on social media has become one of the biggest go-to strategies for any successful operation. Whether you’re marketing through Facebook and Instagram or even expanding outward with Snapchat, Pinterest, Twitter, LinkedIn or YouTube, there’s a bevy of ways that you, as a business owner or marketing manager, can take advantage of all that social media has to offer. Not only are these platforms free to join, but they can also allow for a great deal of creativity and flexibility.   Before you begin to develop

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Mar 252021

Stimulus Checks and COVID-19 Relief – How to Use It

Posted on March 25, 2021 Uncategorized

      As part of the recent COVID-19 relief package, millions of Americans are receiving stimulus checks for $1400. While the package also includes relief in the form of tax credits for families with children, extended federal unemployment benefits, and much more, many people have considered the $1400 stimulus checks to be one of the biggest selling points for getting this relief package passed and signed by the president. While not everyone has experienced financial hardships as a result of COVID-19, qualified individuals are receiving $1400, no questions asked. However, one question should be asked – what are you

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Mar 192021

Small Business Owners – Why Use A Credit Union

Posted on March 19, 2021 Uncategorized

  They say the United States is the land of opportunity, and so many people use that opportunity to start a small business. About 27 million Americans run or own a small business, and because of this, there’s a significant demand for financing. 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 to get approved.   If you already belong to a credit union, you likely know that you’re not just a customer – you have ownership in being a member. Here are

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Mar 102021

Finances and Your Relationship – Setting Goals and Working Together

Posted on March 10, 2021 Uncategorized

  As many might already know, money and overall financial stress is one of the leading causes of problems with relationships, marital or otherwise. Whether it’s over big-ticket purchases, overspending, debt, or even dishonesty, any kind of financial strain can also lead to stress at home. However, as many couples can attest to, there are ways you can work with your significant other to lessen this stress. Here are a few tasks you can take to get on the same page when it comes to your money.   Set financial goals with your significant other. No matter the time frame,

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Mar 032021

Buying a Home – 3 Useful Tips

Posted on March 03, 2021 Uncategorized

    When you’re on the hunt for a new home, it’s a different kind of shopping experience – needless to say, it’s a bigger deal than simply going to the grocery store or buying new clothes. It’s an investment that may impact you for 30 years or more, so shopping with a sharper eye and knowing exactly what you want is key when it comes to buying a home. You’re not just looking for the ideal house to live in – you’re also looking at neighborhoods, school districts, commutes, and communities. All of those factors will play a role

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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

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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

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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

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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

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