MoneyWisdom Blog

5 Smart Moves to Make With a Raise

Posted by Sandra Quadros Bowles on Aug 21, 2019 8:27:00 AM

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:

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Topics: Debt, Savings, mortgage, Credit Card, Work, Financial Wellness

Sign Up for Free Financial Education This Summer

Posted by Diana Burrell on Jul 9, 2019 1:14:48 PM

As a not-for-profit financial cooperative, Hanscom Federal Credit Union is accountable to its members — that's you! — and not a profit-driven group of shareholders. This means it's in our best interest for our members to have financial tools at hand and the wisdom to make sound decisions about their money. When our members do well, we do well, and it's why we offer free financial education for anyone who's looking for a secure financial future.

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Topics: College, Credit Score, Financial Wellness, Investments

Raising Money-Smart Kids

Posted by Hanscom Federal Credit Union on Feb 27, 2019 7:17:00 AM

Teaching children the value of money starts early. It start with every allowance, money gift, and wage that they receive. The following tips can make the difference between a child who grows up to be financially secure – and one who isn’t.

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Topics: budget, children, Financial Wellness

Military Saves Week: Saving More in 2019

Posted by Hanscom Federal Credit Union on Feb 22, 2019 4:18:34 PM

From February 25 through March 2, Hanscom FCU will be offering free programs to help our military members save money, reduce debt, and build wealth. Military Saves week is coordinated by Military Saves, an initiative of America Saves...so if you're not in the military, you can also participate through America Saves Week, which runs concurrently. 

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Topics: Military, Financial Wellness

5 Steps to Financial Wellness in 2019

Posted by MoneyWisdom Newsletter on Jan 18, 2019 3:07:13 PM

“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.

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Topics: Budgeting, Financial Wellness

4 Ways to Manage Medical Debt

Posted by Hanscom Federal Credit Union on Jan 5, 2019 7:12:00 AM

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.

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Topics: Money Management, Debt, Financial Wellness

Loan Offered to Federal Employees Affected by Government Shutdown

Posted by Hanscom Federal Credit Union on Dec 20, 2018 9:51:40 AM

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.

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Topics: Money Management, Financial Wellness, Government

The Challenges of Implementing a Financial Education Program

Posted by Maria Porto on Nov 13, 2018 7:17:00 AM

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.

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Topics: Work, Business, Financial Wellness

How to Increase Participation in Employer Retirement Plans

Posted by Maria Porto on Oct 31, 2018 6:03:00 AM

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.

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Topics: Business, Financial Wellness, Retirement

Hanscom FCU's Financial Education Programs Win Excellence Award

Posted by Diana Burrell on Sep 14, 2018 8:42:22 AM

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.

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Topics: Military, Financial Wellness

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