“Manage finances wisely” is a popular New Year’s resolution. But it can be tough to stick to a goal this vague. Here are some specific ways to help you be money-wise in 2019.
Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.
Hanscom Federal Credit Union wants its its members who are federal employees to know that if they're affected by a limited government shutdown that could go into effect December 21, they may be eligible for a LifeLine Loan. In addition, Hanscom FCU will waive penalties for premature withdrawals on term share certificates and allow qualified members to skip consumer loan payments with no fee.
Are you hesitant to offer financial education as part of your wellness programs or employee benefits? You aren’t alone. Many of the employers and HR professionals I talk to are aware of the benefits of providing financial literacy support to their workers, but they are also mindful of the challenges.
I talk to a lot of small business owners and HR professionals who want to increase participation in their employer retirement plans. They invest a lot of resources into retirement benefits for employees, yet many are frustrated by low participation rates.
In an effort to get employees interested in retirement plans, some employers try innovative techniques. For example, the office-supply company Staples created a vampire-themed game to make planning for retirement and money management more appealing to its busy associates.
Earlier this summer Hanscom FCU was presented with the America Saves Designation of Savings Excellence Award in recognition of our member outreach during America Saves Week, February 26 - March 3, 2018. The award was given by the nonprofit Consumer Federation of America, which coordinates the week-long spring campaign.
We created a financial education suite with you in mind. It gives you tools to manage your money wisely. Find our popular MoneyWisdom blog, downloadable how-to guides, and 24/7 access to financial counselors – all available to you in the privacy of your own home and at no cost.
A number of unexpected expenses could cause you unnecessary financial strain if you don’t have emergency savings. Here are five great reasons to start an emergency fund today.
It is a question that few want to hear: “Will you co-sign for me?” Typically coming from relatives or friends with no or low credit scores, it can be a difficult request to respond to. Most people do not want to ignore a family member or friend in need, but co-signing comes with risks that make many justifiably nervous to sign on the dotted line. So, should you do it? There are many factors