Dec 042018

3 Tips on Paying Down Credit Card Debt Faster

Posted on December 04, 2018 Uncategorized

  For anyone who’s ever had a credit card, especially more than one credit card, we all know that making monthly payments can feel like a futile operation. However, it certainly isn’t, as making (at the very least) minimum on-time monthly payments is incredibly important when it comes to maintaining or improving your credit score, even if it just feels like you’re chipping away at it. Owning a credit card can be highly beneficial, as you’re able to borrow and make payments each month on what you borrow; if you to make an emergency purchase, for instance, and don’t have

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Nov 282018

Budgeting Tips To Keep You On Track For The Holidays

Posted on November 28, 2018 Uncategorized

  The holiday season is well known for being a merry, happy and festive time for Americans. Whether you’re sharing the holiday with friends or family (or both), Christmas season and Christmas Day itself is universally recognized as a time of giving gifts to your loved ones. However, while shopping for the perfect gift may be an exciting experience for some, it can also potentially lead to overspending if one doesn’t have a clear budget lined out for their shopping and gift giving.   Keeping a budget year-round is important, but during a time where your spending may increase, it’s

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Nov 202018

Saving Money with Holiday Shopping Online

Posted on November 20, 2018 Uncategorized

  It’s 2018. If you don’t shop online, you’re likely one of the very few who don’t. With retailers making it easier than ever to buy online, and with the behemoth that is Amazon and its Prime membership, some consumers don’t even bother to shop in person. There are multitudes of benefits to shopping online, especially during the holiday season – no waiting in lines, no huge crowds, and so forth. With new apps coming out seemingly by the week, there seems to be no limit to the online shopping world. However, there are always downsides – one of which

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Nov 132018

4 Reasons a Checking Account is Important for a Healthy Financial Life

Posted on November 13, 2018 Uncategorized

  When you become a member of a credit union, you’re taking a big step forward in developing strong financial habits, building up credit, and eventually applying for one of our loans. However, when you become a member of Polam FCU, a checking account is an essential first step. Our checking accounts are designed to help you track your spending, pay bills online, and join our UChoose rewards program where you earn points for each purchase you make. Additionally, you can access our online and mobile banking for better convenience. If you need further convincing when it comes to opening

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Nov 072018

Easy Financial Tips For Young Adults

Posted on November 07, 2018 Uncategorized

  Receiving your first paycheck from your first job can be a uniquely rewarding experience. While you may have earned an allowance growing up for doing chores, or run a lemonade stand over the summer, it’s always exciting to see the benefits in actual paycheck form. As you start earning more paychecks and take on more adult financial tasks, such as paying bills, you’ll have to develop skills to develop a budget and build your credit score. Fortunately, in 2018 we live in a more digitalized world, as developments in tech continue to grow at an unfettered pace. It’s far

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Oct 292018

Credit Score Myths to Ignore

Posted on October 29, 2018 Uncategorized

  As most people know, maintaining a credit score over 600 is ideal. Oftentimes, if your score drops below that number, it can affect the kinds of loans you’ll qualify for, your ability to rent a house or apartment, and credit card interest rates. However, while you should be vigilant about keeping your credit score above 600 (ideally higher), there are myths regarding what can and can’t affect your credit history and score.   Staying on top of your credit is important. But to avoid any additional stress that comes with that, here are a few myths about your credit

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Oct 232018

Financial Bad Habits and How to Break Them

Posted on October 23, 2018 Uncategorized

  Admit it: we all have one or more financial habits that need to be broken, but are still hard to break. Human beings as a whole tend to be creatures of habit, and unfortunately, unlike benign habits such as watching a certain show every night, or having your morning tea, financial habits that can harm your bank account and credit score are highly important to break in order to achieve true financial stability. Some of these habits seem obvious, whereas with others, you may not even know you’re doing them. Here are some of these bad financial habits, and

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Oct 162018

First Time Homeowners – What to Anticipate

Posted on October 16, 2018 Uncategorized

  Buying your first home is a huge step for any person who’s had an interest in buying a home, whether it’s for themselves or for their family. HGTV makes it look easy (and entertaining), but there’s so much more to buying a home than just looking for what’s perfect for you. There are a lot of steps going into it, and it’s important to be prepared.   At Polam, we understand the desire to be a homeowner. Here are a few things to consider before taking the big plunge.   Look into what you can afford. As any veteran

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Oct 092018

Talking Money with Your Partner – Getting Started

Posted on October 09, 2018 Uncategorized

  As many might already know, finances and money stress is one of the leading causes of arguments between two people who are in a relationship, marital or otherwise. Whether it’s over big-ticket purchases, overspending, debt, or excessive bills, 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.   Find out your partner’s hot buttons when

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Oct 022018

3 Tips for Early Holiday Savings

Posted on October 02, 2018 Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog

  Summer is officially over and we’re well into fall – where has the time gone? Every year it feels like the Christmas season is approaching faster and faster with not much time to plan for it, especially financially. Whether it’s buying presents for friends and family, taking trips for Thanksgiving or Christmas Day, planning a big meal or party, or all of the above, the holiday season can be financially taxing for anyone.   Instead of scrambling in late November to purchase everything you need without breaking your budget, why not start planning now? Here are a few tips

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