Oct 172021

Talking Money with Your Future Spouse

Posted on October 17, 2021 Uncategorized

    Getting married is one of the most exciting and life-changing experiences for any adult. However, when you decided to spend the rest of your life with someone, you’re making big changes in all aspects of your lives as well. One of the biggest and definitely the most important steps is deciding how to handle your finances once you’re legally married. It can certainly be a challenge, but it can easily be done with the right amount of communication and discussion. The decisions you make as a married couple can affect the future of your finances for years to

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Oct 122021

Home Renovation Tips to Improve Value and Comfort

Posted on October 12, 2021 Uncategorized

    Whether you’re comfortable in your home, or you’re considering putting it on the market, taking on renovations can be an expenditure that pays off in the long run. It’s almost impossible to find a house that has everything you need already built into it, so renovating and remodeling can help you curate your ideal home. And if you choose to sell your house down the road, these renovations can help drive up its value and bring in more potential buyers.   If you’re interested in tackling a home renovation, here are a few places to start:   Upgrading

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Oct 042021

How to Cope with Financial Stress

Posted on October 04, 2021 Uncategorized

      When it comes to different kinds of stress, financial stress may be among the most difficult. The concerns you may have about your financial situation may be overwhelming, and can lead to health problems if not managed. A recent survey showed that more than 60 percent of Americans are living paycheck to paycheck, which can lead to money problems down the road, and can certainly be a cause of financial stress.   If you have concerns about your finances and are looking for ways to deal with the stress that comes with it, here are a few

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Sep 272021

Why You Should Consider a Business Loan

Posted on September 27, 2021 Uncategorized

    As any business owner can tell you, there’s one important factor when it comes to getting a new business off the ground – money. Whether you already have the funding on hand or you need to secure the funds you need, getting off on the right foot financially is key in getting started. One way to get your small business up and running is by securing a business loan. Polam offers a number of financial services for our entrepreneurial-minded members, including business loans with low rates and flexible terms.   If you’re considering applying for one of our

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Sep 182021

Saving Money with Meal Planning

Posted on September 18, 2021 Uncategorized

    Food can account for a significant part of any family’s budget, whether your family is large or small. Fortunately, there are steps you can take to mitigate the cost of food in your household. Meal planning is a great way to ensure you and your family are well fed, and not only will it save you quite a bit of money in the long run, it gives you the opportunity to provide more nutritious, wholesome meals.   If you’re interested in meal planning, here are a few steps to get started:   Make a schedule for your meal

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Sep 122021

Preparing Financially for a Move

Posted on September 12, 2021 Uncategorized

When it comes to moving into a new home or even a new region, anyone who’s ever done it can tell you that it’s stressful and it can be expensive. Regardless of your budget, you’re going to run into unexpected costs, and you’re going to have to make decisions regarding your method of moving and how much you want to spend. Some households are able to hire movers, while others opt for a less expensive DIY move. However, there are a number of ways to make your move less stressful and expensive so you can settle into your new home

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Sep 062021

How to Boost Your Credit Score

Posted on September 06, 2021 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 312021

Choosing Between Credit and Debit While Shopping

Posted on August 31, 2021 Uncategorized

  “Credit or debit?” If you’re a regular card user when you shop, you’re likely used to hearing this question at the register. But when it comes to your spending and your budget, which option is the right option? There’s definitely a difference between the two choices and it’s important to know which choice to make.   What’s the difference between credit and debit?  Depending on which option you choose, your transaction will be processed a certain way. When you choose debit, the funds are immediately withdrawn from your account and sent over to the vendor. When you choose credit,

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Aug 232021

Making a Big-Ticket Purchase

Posted on August 23, 2021 Uncategorized

    You know that feeling – the one where you’ve got your eye on something big, expensive, and perhaps not in your price range, and you know you have to have it. The itch to make a big-ticket purchase is not abnormal, but you have to know when to take the plunge or put your wallet away, no matter how tempted you may be.   Before you give in to temptation and make your purchase, here are a few things to consider first:   Take a minute to think about it.  Oftentimes, big-ticket purchases are also spontaneous purchases, without

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Aug 172021

Saving Money on Feeding Your Family

Posted on August 17, 2021 Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog

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 budget.  

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