MoneyWisdom Blog

7 Steps to Building Your Post-Divorce Budget

Posted by Diana Burrell on Mar 19, 2018 10:08:00 AM


You could be in the position to splurge on a sexy, sporty sedan to celebrate your divorce. On the flip side, the loss of your spouse’s income contribution to the household could be greater than your drop in expenses.

Either way, a post-divorce budget will let you know where you stand with your finances, help you avoid getting whacked with surprise expenditures, and keep you on a steady course of financial stability.

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Topics: Money Management, Divorce, budget

Financing Fido: How to keep pet costs on a leash

Posted by Sandra Quadros Bowles on Feb 27, 2018 10:51:11 AM

Our pets provide emotional support, physical protection and endless entertainment. It’s no wonder that so many animal lovers consider their pets priceless.

Sixty-eight percent of US households own a pet, according to a 2017-2018 National Pet Owners Survey released by the American Pet Product Association. Dog ownership tops the list at 48 percent, with cat ownership at 38 percent. Both statistics are up a few percentage points from the last survey, conducted in 2014.

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Topics: Money Management, Savings, Saving Money, budget

Teens and Money: Preparing to Move Out

Posted by Hanscom Federal Credit Union on Feb 8, 2018 9:19:17 AM

You may feel emotionally ready to move out on your own, but are you financially prepared? Living independently means much more than not having to be home by curfew; it comes with a great deal of financial responsibilities. Before you take the leap, know how much the big move will cost you, now and in the future.

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Topics: Money Management, budget, Teens

Can’t Make Your Car Loan Payments? You’ve Got Options

Posted by Hanscom Federal Credit Union on Dec 21, 2017 11:27:53 AM

Having a car provides many conveniences. You do not have to worry about lugging groceries on the bus or waiting 45 minutes for the train. However, for those experiencing financial problems, having to pay a car loan can make owning a car seem more like a burden than a convenience. If you are behind with payments, or worried you will be soon, assessing your financial situation and actively pursuing your options can help you make the best of a difficult situation.

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Topics: Debt, Cars, budget

5 Energy-Saving Tips for the Holidays

Posted by Hanscom Federal Credit Union on Dec 15, 2017 12:00:01 PM

The holidays can be an energy guzzler. The Christmas lights are hung and turned on 24/7. The oven is busy baking gingerbread cookies, yams, turkey, etc. The whole family is at home and turns on all of the lights...and the television...and the computer. Between driving to stores to buy gifts and attend holiday dinners and parties, the car gets double its normal use.

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Topics: Money Management, Mass Save, budget

7 Ways to Cut Heating Costs this Winter

Posted by Trish Reske on Dec 6, 2017 9:35:49 AM

Heating your home can be expensive. According to the Energy Markets Division of (MassDOER), the average residential customer last year was predicted to pay $728 for natural gas, $2,171 for oil, $2,176 for propane, and $553 for electric heating. How can you cut the high costs of heating your home this winter? Here are 7 ways you can stay warm while bring the cost of heating down:

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Topics: Savings, budget, Home Ownership

How Eating Out Eats Into Your Budget

Posted by Trish Reske on Nov 30, 2017 1:31:57 PM

While everyone may enjoy a home-cooked meal, it appears that more and more Americans are choosing not to prepare meals at home.  According to the Bureau of Labor Statistics, from 2015-2016, Americans as a whole spent more money at bars and restaurants than they did on groceries. This trend has been on the rise over the years, with Americans choosing to eat out or buy prepared foods rather than cook at home.

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Topics: Money Management, budget

How to Manage Your Money After a Natural Disaster

Posted by Hanscom Federal Credit Union on Oct 25, 2017 7:38:00 AM

Floods, fires, earthquakes, and other natural disasters can wreak havoc with your personal life – including your finances. The following tips can help organize an action plan to tackle potential difficulties.

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Topics: Money Management, budget, Home Ownership

Savings: Your Key to Success

Posted by Hanscom Federal Credit Union on Oct 20, 2017 11:02:00 AM

You have wants. You have needs. And you have two ways of paying for them – pull out the credit card or use the money you have set aside. Which would you prefer?

It’s a safe bet that most people would choose to have a stash of cash from which they could pay for everything from impulse purchases to long-term financial goals. But how do you save when there are bills to pay and the paycheck only goes so far?

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Topics: Money Management, Savings, budget

How Many Americans Use a Budget?

Posted by Hanscom Federal Credit Union on Oct 17, 2017 7:43:12 AM

The answer may surprise you: According to a recent study by U.S. Bank, 41% of Americans say they use a budget – up from a Gallup poll in 2013 that put the percentage at 32% - or one in three households. That means a large majority of people are not keeping track of their finances in any organized fashion. 

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Topics: Money Management, budget

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