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Protect Your Loved Ones: A Checklist for the Unexpected

Posted by Hanscom Federal Credit Union on Jun 20, 2017 11:38:35 AM

If you were to experience an emergency, tragedy, illness, or even untimely death, would your loved ones have access to critical contact information and documents they would need to respond appropriately and carry on your affairs?

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Topics: Money Management, Estate Planning

Understanding Different Types of Student Loans

Posted by Hanscom Federal Credit Union on May 3, 2017 1:24:29 PM

If you or a family member will be attending college soon, you’ve probably noticed that the sticker price for a college education has risen considerably in recent years. According to Sallie Mae’s study How America Pays for College 2016, families spent on average $23,688 for college in the 2015-16 academic year, and two in five of them borrowed at least some money to help pay the tab.

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Topics: Student Loans

8 Affordable Mother’s Day Gift Ideas

Posted by Hanscom Federal Credit Union on May 1, 2017 12:02:12 PM

Mother’s Day is a time to show how much you appreciate your mom and all that she means to you. However, you don’t need to buy extravagant gifts in order to make mom feel special. In fact, your mother likely will be happy with any kind of appreciation and remembrance – the more personal the better. If you are on a tight budget, you’ve got to get creative for Mother’s Day. Below are some affordable Mother’s Day gift ideas that any mom will appreciate.

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Topics: Money Management

7 Ways to Save on Car Insurance

Posted by Hanscom Federal Credit Union on Apr 21, 2017 7:19:00 AM

If you’ve gotten a lot of tickets for moving violations or filed a lot of accident claims in the past, you’re probably paying dearly for car insurance. While there’s not much you can do about your past, there’s a whole lot you can do now to make sure you’re getting the best deal possible on your car insurance.

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Topics: Insurance

The 411 on 401(k)s

Posted by Hanscom Federal Credit Union on Apr 7, 2017 7:00:00 AM

As pension-style retirement plans have fallen by the wayside, the 401(k) plan has become the go-to option for many companies looking to help employees save for retirement. The 401(k) enables workers to set money aside, and not pay taxes on it or its earnings, until they retire and begin withdrawing funds from the account. Here are some key things you need to know about these tax-advantaged accounts.

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Topics: Retirement and Investing

How to Give Your Finances a Spring Cleaning

Posted by Hanscom Federal Credit Union on Apr 5, 2017 7:00:00 AM

The freshness of spring motivates a lot of people to throw open the windows and doors, and do a thorough spring cleaning. It’s a great way to take stock of what you have, organize it so everything’s more accessible, and ditch the clutter that’s keeping you from enjoying your space. While you’re at it, why not dive into a bit of spring cleaning for your finances, too?

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Topics: Money Management

5 Easy Ways to Cut Monthly Expenses

Posted by Hanscom Federal Credit Union on Apr 3, 2017 6:00:00 AM

Ever notice how your monthly expenses always seem to equal whatever salary you’re making, even after you get raises? The phenomenon is called “lifestyle creep” and it can keep you from reaching all kinds of financial goals, from paying down debt, to saving for retirement. One way to get lifestyle creep under control is to have any future raises you get direct deposited into savings – like a 401(k) account through your employer, or an Individual Retirement Account (IRA). But here are five things you can do right now to cut your monthly expenses.

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Topics: Money Management

4 Questions to Ask Before Buying a Timeshare

Posted by Hanscom Federal Credit Union on Mar 31, 2017 7:00:00 AM

When you visit a beautiful vacation destination, have a wonderful time, and plan to return again and again, you may dream of owning a home there. However, for many, a vacation home – with the big down payment, monthly mortgage, and ongoing maintenance costs — just isn’t in the budget. An alternative many people consider is a timeshare, which can seem like a cost-effective alternative to hotel stays. However, as with any major purchase, a lot of careful research should go into deciding whether or not a timeshare is the right choice for you. Here are four questions to consider before buying a timeshare.

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Topics: Money Management

5 Personal Finance Tips for 20-Somethings

Posted by Hanscom Federal Credit Union on Mar 27, 2017 11:48:33 AM

For 20-somethings, who graduated during a time of job scarcity and enormous student debt, financial matters can make life feel a little skittish. After all, in addition to your own challenges, you have witnessed your parents’ generation struggle with layoffs, stock market losses, and the housing crisis. Still, there’s a lot you can do to build a brighter financial future.

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Topics: Money Management

How to Make Charitable Contributions That Count

Posted by Hanscom Federal Credit Union on Mar 24, 2017 7:00:00 AM


Want to make a contribution toward a worthy cause? Whether it’s to help the homeless in your area, contribute toward a cure for cancer, or provide disaster relief to the afflicted in a remote country, there are so many ways you can help make the world a better place. 

The challenge isn’t finding a worthy charity: there are so many. The key issue that most people struggle with is which charity to give to – and how to make sure the money or goods you give have the greatest impact possible for what the charity is trying to accomplish. 

Below are Three Giving Guidelines that can help you make charitable contributions that count. 

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Topics: Hanscom FCU Community

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