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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Feb 022021

Building a Successful Small Business

Posted on February 02, 2021 Uncategorized

    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

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Jan 272021

Surviving a Job Loss – and How to Prepare for It

Posted on January 27, 2021 Uncategorized

  Losing a job, no matter how long you’ve held it, can be devastating for a number of reasons. Not only is it a major shift in your life, but the financial repercussions can be daunting. If you’re concerned you might lose your job in the near future, it’s a good idea to start preparing. The COVID-19 outbreak has left millions unemployed, and many American workers fear for their jobs in light of local and statewide restrictions. To these hard workers as well and others who’ve lost their jobs for non-pandemic related reasons, it can never hurt to plan for

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Jan 192021

Going Green with Your Credit Union

Posted on January 19, 2021 Uncategorized

  When it comes to incorporating eco-friendly practices into your everyday life, you might be surprised just how many parts of your life you can adjust to go green and help Mother Earth. Not surprisingly, going green with your banking is one such area in which you can do so. Banks and credit unions all over the country have started implementing eco-friendly policies and services, such as online e-statements, as well as online and mobile banking. Polam also offers these features, and we encourage our members to take full advantage of their benefits.   If you’re looking for ways to

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Jan 082021

Developing a Frugal Lifestyle

Posted on January 08, 2021 Uncategorized

    When it comes to living frugally, many people assume that means not spending money on anything that isn’t necessary – i.e. dining out, hobbies, date nights, or even spending money during the holidays. However, frugal living doesn’t have to equate to a lack of fun and enjoyment – it just means you’re changing the way you spend and save, and taking necessary to make conscious financial decisions, which can range from something as simple as saving coupons to buying or renting a home. Taking the steps with regards to a frugal lifestyle can be a game changer for

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Dec 312020

Financial Independence – How To Get There

Posted on December 31, 2020 Uncategorized

  Do you feel like you’ve reached financial independence? If you haven’t, you’re not alone; many Americans in 2020 have experienced financial struggles for myriad reasons, including the pandemic and the economy. However, even in difficult times, striving to reach a goal of financial independence isn’t complicated – as long as you stay disciplined and follow the right steps to achieve your goals. Being financially independent can change the way you live your day-to-day life, and reaching that point can be wholly beneficial.   If you need help getting started, here are a few tips to get you going on

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Dec 122020

Traveling Safely During a Pandemic

Posted on December 12, 2020 Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog

  December is one of the most popular months of the year for travel, and for some, this year is no exception. Some may be looking for a place to get away for the holidays, and some plan to visit family. Regardless, there are risks that come with traveling during the COVID-19 pandemic, and if you’re thinking about traveling this month, it’s important to know how to stay safe, and to ensure that those around you stay safe as well.   Here are a few tips regarding the best ways to travel safely:   Before you book travel, check for

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