Are you tired of hearing “credit or debit” when you go to pay for something at a store? I am. I hear it so often, I just automatically say “debit” when asked. I never think about what it actually means. It just seems easier to enter my PIN right when I swipe my card than waiting to sign at the end of the transaction. Silly, I know, but that’s just me.
Topics: Credit Card
If you’re not used to reading them, credit reports can make about as much sense as a restaurant menu printed in a foreign language. At least in a restaurant, you can point to what someone else is having.
But if you don’t know how to read your credit file, you could make mistakes that could lead to your financial life being harder than it needs to be.
Here are some common misinterpretations people make with their credit reports and how to understand what you're seeing.
Topics: Credit Score
Hanscom Federal Credit Union offers free credit report and score evaluations because we know how much money they can save our members. More importantly, our credit report experts will give you specific actions you can take to improve your credit report, raise your credit score, and avoid credit problems in the future.
If you've never reviewed your credit report before, here's a peek at what will happen during the meeting:
With September coming up quickly, many big banks are offering flashy benefits for new college students. Banks create special offers, such as waiving monthly fees for a number of years or offering credit cards with cash back on certain purchases, to attract these new account holders.
But it’s important to realize that the fees don’t go away forever, many accounts have minimum balance requirements, and credit cards can come with exorbitant interest rates.
There's a solution, however. Just bring your credit union to college with you this fall!
If you're a fan of direct deposit, you know how much time it saves you: there's no running to your financial institution with a paper check in hand, hoping you'll get there to cash it before closing. You don't have to wait around for your check to clear before you pay your bills. And you'll never spend time worrying if your check got lost in the mail, or worse, stolen.
Direct deposit is dependable and simply makes life easier. But did you know direct deposit can also help you build wealth? Here's how:
Receiving your first paycheck at your first job is a rite of passage into adulthood. It feels good to look at that piece of paper and know that you earned the income it represents. Your hard work means you have money to spend as you like!
In the past, there was only one way to cash that check: You signed the back and brought it into your financial institution, where it might take a few days to clear before you got your money.
Today, there are multiple ways to cash your first payroll check...and you don't even have to wait for the check to clear with some of them! Here's how:
Your boss calls you into the office with great news: You've earned a raise, or perhaps you're getting a bonus for all the hard work you've done this year. Now you can buy those shoes you’ve been eyeing, or replace your old iPhone with the latest iteration.
While the urge to celebrate and reward yourself is understandable, hold onto your wallet and think before spending. Putting your long-term goals ahead of short-term needs can make your money work harder for you in the long run, reduce crippling debt, or boost savings for a rainy day or a sunny retirement.
Here are five things you can do with that raise that'll help you reach your financial goals:
You’re a great employee. You work hard and have been performing better than average at your job. You get positive input from your co-workers and your manager. But the bottom line is that you’re not getting paid what you know you are worth. How do you go about asking your boss for the raise that you deserve? Below are five tips on how to ask your boss for a raise – and raise the chances of you actually getting it.
Being the husband or wife of a member of the armed forces can present unique challenges when it comes to landing and keeping a job. However, you have the advantage of access to several organizations geared toward helping people just like you find work.
Imagine having a job where you can work in your pajamas and the longest commute you will make all day is from your home office (it’s OK if that’s the couch) to the coffeemaker. More and more Americans are trading in the nine-to-five grind to be their own bosses. Fifty-six million Americans freelance, which is an increase of 3.7 million in the past five years, according to a study released October 2018 by Upwork and Freelancers Union. But is it for you, and more importantly, do you have the wherewithal to make a go at it?