Sep 112018

Debit Card Fraud – How to Protect Yourself

Posted on September 11, 2018 Uncategorized

  When it comes to making purchases with your debit card, it’s a no-brainer – swipe or insert your card, enter your PIN, approve transaction. And making purchases online with your debit card is even easier, as popular e-commerce websites can save your credit/debit card information to make buying online even easier. However, in the last year debit card fraud rose over 10 percent in the United States, and even the most cautious consumers can be at risk if they aren’t careful.   When shopping offline, consumers should be on guard regarding “skimmers,” which are devices used by hackers that

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Sep 042018

Costs of Child Care – Planning Ahead

Posted on September 04, 2018 Uncategorized

  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

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Aug 292018

Money Habits to Develop in Your 20s

Posted on August 29, 2018 Uncategorized

  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

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Aug 222018

Four Ways to Save Money While Driving

Posted on August 22, 2018 Uncategorized

  When you’re looking to buy a car, there are two big things most people keep in mind: a highly functional automobile, and a great deal on said automobile. Saving money on a big ticket purchase is always ideal, especially if you know you’re getting good quality out of it. However, you may not realize it, but you might have driving habits that contribute to the wear and tear of your car, and you definitely don’t want to waste any of the savings you got in a good deal on excessive services.   To keep your new car in great

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Aug 152018

Easy Ways to Teach Your Child About Money

Posted on August 15, 2018 Uncategorized

  When it comes to your children, you want only the best for their future. While talking about money with your children may seem premature, 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.   Preparing for adulthood is never easy, and it’s even less easy if you go into adulthood not knowing anything about money. Instead of worrying about your child growing up with financial trouble, teaching them young about the basics is a great way to alleviate that

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Aug 072018

4 Tips for Boosting Your Credit Score

Posted on August 07, 2018 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 012018

Choosing Between Renting and Buying

Posted on August 01, 2018 Uncategorized

  It’s one of the most common tropes in this country – the “American Dream.” For millions of Americans, that dream entails stability and comfort: getting married and having a family, having a stable and well-paying job, and owning a home. But for millions of other Americans, owning property, whether it’s a smaller condo or larger home with a backyard, is not ideal for a variety of reasons.   According to RealyTrac, between 2007 and 2014, roughly 7.3 million homeowners lost their homes due to the Great Recession. Thus, it comes as little surprise that the ownership rate has fallen

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Jul 212018

Date Night on a Budget

Posted on July 21, 2018 Uncategorized

  At one point or another, every adult experiences their own version of temporary economic anxiety. When those times come around, it’s normal to start cutting back on nonessential expenditures – and if you’re in a committed relationship, date nights are often one of the first cuts on the chopping block. Oftentimes it’s easy to assume date nights are going to cost a lot of money, as nice romantic restaurants can be expensive, and going to the movies can take a financial hit on your wallet.   Of course, date nights are important to keeping your relationship healthy and active,

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Jul 172018

Avoiding Identity Theft on Vacation

Posted on July 17, 2018 Uncategorized

  Picture this: you’re having the time of your life overseas, sightseeing and eating great food and enjoying all your vacation has to offer. And then you find out that your identity has been stolen in the midst of your travels. Quite the buzzkill, right? Even more importantly, it’s more than just a quick way to ruin your vacation – identity theft can have lasting side effects on your finances and your credit score if you don’t take immediate action.   According to the Harris Poll, more than 15 million Americans experienced identity theft in 2017, and if you’re traveling,

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Jul 102018

Ways to Stay Frugal

Posted on July 10, 2018 Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog, Blog

  Regardless of the time of year, and regardless of your financial status, finding new and different ways to be frugal is nothing but beneficial. There are plenty of tried-and-true ways to save some extra money doing your normal day-to-day errands and chores, and at Polam FCU, we’re always on the lookout for more ways to help our members save money in any way possible.   While there’s really no limit on useful tips and tricks to save money and be frugal, here are a few of the frugal habits we think work well:   Limit dining out and/or ordering

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