MoneyWisdom Blog

How the Leap Year Can Save You Money

Posted by Sandra Quadros Bowles on Feb 25, 2020 7:00:00 AM

Feb. 29, 2020 might be the a perfect jumping off point to a more solid financial future.

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Topics: Insurance, Personal Finance, Money Management

A Smart Way to Spend Your Tax Refund This Year

Posted by Sandra Quadros Bowles on Feb 21, 2020 7:15:00 AM

Congratulations, you might soon be about $3,000 richer. The average American will receive nearly that amount —$2,725, to be exact — in their tax return. Of course, that’s not really a gift; it’s money that you overpaid in taxes through the year. But hey, you got it back and now the pressing question becomes: What should you do with it?

Like many Americans, you could spend it on a fancy vacation or the latest hot electronic toy. Or better yet, buck trends and stick the money in savings or pay off a high-interest credit card. But if you have plenty in savings and your credit card debt is under control, you could make an investment in your home.

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Topics: Home, Money Management

What to Do When Your Paycheck Bounces

Posted by Matthew M. Robare on Feb 20, 2020 7:00:00 AM

Last year the unthinkable happened to thousands of employees in small businesses across the country, including some in western Massachusetts. Early in September they woke up to find that not only had their most recent direct deposits, some of which had already been used to pay rent and bills, been withdrawn from their bank accounts, but some employees lost multiple paychecks, resulting in severely overdrawn accounts.

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Topics: Work, Money Management

6 Questions to Ask Before Downsizing Your Home

Posted by Hanscom Federal Credit Union on Feb 18, 2020 1:20:30 PM

Perhaps you’ve heard the call of coyotes from that den you don’t go into anymore, or you’ve seen tumbleweeds congregating in that extra, extra bedroom. Or maybe you’ve just looked at your electric bill lately. No matter your reasoning, if you are a homeowner who feels like you have more space than you really need, you’ve probably considered downsizing into a smaller dwelling at some point. Here are questions to ask yourself when you are considering the change:

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Topics: Home, Life Changes

How to Change Your Login ID

Posted by Diana Burrell on Feb 10, 2020 8:00:00 AM

You may not be aware of this, but if you're using your name or email addresses as login IDs for your financial accounts, you could be putting yourself at risk for fraud. That's because chances are good your name, email addresses, and other identifying information are out on the Dark Web, thanks to the numerous data breaches in past years. All a wily criminal has to do is mine this data for personally identifying information, then start hacking sites until they hit gold.

Don't make it easy for these scoundrels: make your login IDs unique and complex to baffle anyone other than yourself.

While we can't tell you how to change your login IDs with other institutions, here's how to change yours easily with Hanscom FCU:

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Topics: Hanscom FCU, Security, Scams

Gift Ideas for Valentine's Day That Won't Break the Bank

Posted by Sandra Quadros Bowles on Feb 9, 2020 1:00:00 AM


Jennifer Lopez may think that “Love Don’t Cost a Thing’’ — although her designer wardrobe, lavish vacations and palatial homes might suggest otherwise — but the typical American consumer can place an exact price tag on romance.

$196.31.

That’s the figure the average buyer was expected to spend on Valentine’s Day in 2020, according to the National Retail Federation. This represents an increase of 21% from last year's record $20.7 billion in hearts-and-flowers-related spending.

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Topics: Money Management

Scam Alert: Beware of Session Hijacking

Posted by Monica Parks on Feb 5, 2020 7:00:00 AM

I like to think that I’m tech savvy and well informed for someone not formally educated in or working in the tech space, but I recently learned about a sophisticated scamming technique that shocked me. It's called "session hijacking," and here's how it happens.

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Topics: Security, Business, Scams, Work

Refer a Friend and Earn $50 in February

Posted by Diana Burrell on Feb 1, 2020 12:15:00 AM

This February, when you refer a friend to Hanscom Federal Credit Union and they establish a new account with us, you'll each earn $50. Sweet!

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Topics: Personal Finance, Savings

5 Ways to Find a Mentor for Your New Business

Posted by Sandra Quadros Bowles on Jan 31, 2020 11:30:54 AM

Opening your own business can be a dream come true. Showcasing your creativity, setting your own hours, having no boss to answer to...these attractions inspire nearly half a million startups every year.

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Topics: Business, Work

The Monthly Cost of Owning a Cat

Posted by Bill Burpeau on Jan 29, 2020 8:45:00 AM


Although our situation is a little different, I know a little bit about the monthly costs involved in owning a cat. Every neighborhood has a kindhearted woman known affectionately as the crazy cat lady. You know, the person who can’t stand to see any cat homeless. Well, in my neighborhood, my wife is the crazy cat lady. What does that make me, I wonder?

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Topics: Budget, Money Management

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