Thanksgiving is marked by consumption. While helping yourself to that third serving of your aunt’s mashed potatoes may lead to little more than a stomach ache, spending too much on Black Friday sales the next day could really rattle your finances. Here’s a look at how to avoid succumbing to the many temptations you’ll face over the next few weeks.
I want to start by clearing up a big misconception. Despite popular belief, credit unions have just as many branches as the biggest banks. It’s true.
And it’s all thanks to Shared Branching. More than 3500 credit unions from all over the country participate, so there are branches everywhere. All you need to do is look for this symbol at a participating credit union.
Topics: Money Management
To the veterans on our Hanscom Federal Credit Union staff, to our member veterans, and to all American veterans throughout the world, thank you for your service. Happy Veterans Day.
Meet Tom. He lives in Boston and rides the T to work - he can walk or ride his bike almost anywhere else he needs to go. He’s just been offered a great job opportunity - a 2-year placement outside the city - and he’s going to need a car. Since it’s temporary, leasing a car makes the most financial sense.
When I get a new car, I’m usually so excited about it that I don’t pay much attention to the rather boring and overwhelming financial details of the deal. I’d much rather think about the fancy GPS system, the heated seats (score!) and the beautiful interior than the interest rate, doc fees and destination charges.
Americans plan to up their holiday spending this year. That’s according to a new survey from the National Retail Federation (NRF). Considering that three of the four most expensive holidays of the year arrive in the next two months, a few extra bills at the end of the year might take the happy out of the new year — unless you have a plan.
Topics: Money Management
I just learned something the other day. I’m in the process of getting a new car so I was going over my finances, trying to decide whether I should buy a new or used car (I have my eye on a Ford Fusion!) or lease one. Then a friend told me I could lease a used car. Who knew?
I’m sure you’ve heard the stories. The one from your work buddy who leased a car and had to write a ginormous check at the end of the lease for going over the mileage? Or how about your sister who lost her job, couldn’t get out of her lease and badly damaged her credit score? On a happier note, there’s the one about your next door neighbor who, because he leases all the time, always has the coolest car on the block. And his car never spends any time in the shop.
Topics: Small Business
All too often, credit cards are to blame for a bad credit score. Obviously it’s not the card’s fault, but the user who mishandles it. Missed or late payments, years of making only minimum payments and huge bills can cause your credit score to go down considerably.
Topics: Credit Matters