Spring is just around the corner, and that means a new season for yard sales. Now is a great time to begin planning a sale. Include family, friends and neighbors to make it a social event. You’ll be reducing clutter, helping to recycle, enjoying company, and making a few dollars.
Topics: Money Management
Do you lease a vehicle or know someone who does? I’ll go out on a limb and say you chose this option for low monthly payments on a better make and model that you could otherwise afford.
When I first began working in the late ‘70s, I was told, “Don’t worry about Social Security – it won’t be around for you!”
Now that I’m about 10 years from being eligible to draw Social Security, and it is still around, I got curious about what my options really are. Here are a few things I found out.
Topics: Retirement and Investing
In 2015, we published nearly 200 blogs on a variety of money management topics. Our goal is always to provide you with the most useful and current financial information – and to introduce you to the many budgeting tools you have available to you as a Hanscom FCU member. This past year, our three top blogs included information on chip cards, winterizing homes, and refinancing cars. ICYMI, we have this brief recap and links here for you.
Topics: Financial Education
Compiling everything you need in order to prepare your federal income taxes is often a bigger challenge than actually doing them. Though the process of locating forms and documents may feel overwhelming, it really just requires knowing what you need and an organized approach to hunting and gathering.
Visiting a college campus in person can help determine if a school is right for you. It can help you eliminate schools that are a poor fit, and offers insight you just can’t get from any other source.
If you’re like many young Americans, a large chunk of your income goes toward paying down debt. Paying off student loans and credit cards as soon as possible is a smart move – you can save on interest payments and improve your credit score.
Keeping yourself out of debt could benefit more than just your finances. According to a study from the Center for Financial Security at the University of Wisconsin-Madison, a 10% increase in short-term debt, such as overdue bills and credit card debt, was linked to a 24% increase in symptoms of depression.
A strong credit score pays off, literally, with lower loan rates and higher limits. Knowing and keeping track of your score can help you see where you stand financially and serve as an early warning that you may be headed in the wrong direction with your money.