MoneyWisdom Blog

4 Ways to Manage Medical Debt

Posted by Hanscom Federal Credit Union on Apr 11, 2018 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

5 Reasons to Start an Emergency Fund

Posted by MoneyWisdom Newsletter on Apr 10, 2018 2:23:39 PM

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.

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Topics: Money Management, Savings, Financial Wellness

Should You Co-Sign?

Posted by Hanscom Federal Credit Union on Dec 26, 2017 7:00:00 AM

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

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Topics: Money Management, Debt, Financial Wellness

Employees Increasingly Taking Money Problems to Work

Posted by Hanscom Federal Credit Union on Nov 16, 2017 7:00:00 AM

What would you do with $300 billion dollars? 

American businesses might want to ask themselves the same question. That astounding figure is the amount that businesses lose every year because of their employees’ stress levels, according to the World Health Organization, and money is a primary source of that stress. 

More than three out of four Americans (76%) cite money and work as their major sources of stress, according to a 2013 report by the American Psychological Association and American Institute of Stress.

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Topics: Work, Business, Financial Wellness

3 reasons why you live paycheck-to-paycheck

Posted by Hanscom Federal Credit Union on Sep 22, 2017 6:45:00 AM

Does saving money seem impossible? You’re not alone. Reportedly, more than half of Americans have less than $1,000 to their name. 

While it’s hard to imagine keeping extra cash when you live paycheck-to-paycheck, there is hope. If you take a big-picture view of your spending habits, you’ll be surprised at the savings opportunities you might find. 

Here are three reasons that may be preventing you from building a stronger financial future:

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Topics: Money Management, budget, Financial Wellness

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: Estate Planning, Financial Wellness

Lunch and Learn Seminars and Webinars

Posted by MoneyWisdom Newsletter on Apr 12, 2017 2:24:23 PM

Come to a seminar or register for a webinar for up-to-date information on hot financial topics. Taught by an expert from Hanscom FCU, these presentations pack a lot into 45 minutes.

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Topics: Financial Wellness, Bank at Work

4 Simple Rules for Investing

Posted by MoneyWisdom Newsletter on Apr 11, 2017 3:14:37 PM

Some people are intimidated by investing. Hearing terms like “IPO,” “price/earnings ratio” and “margin” may make you think that it’s all too complicated and you’d be better off just stuffing cash under your mattress.

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Topics: Money Management, Financial Wellness

4 Steps to CALM Financial Stress

Posted by Patti Conty on Aug 10, 2016 7:00:00 AM

Most American workers experience financial stress. That’s according to the annual Financial Stress Research a study from Financial Finesse. In fact, 85% of people reported at least some level of financial stress.

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Topics: Money Management, Financial Wellness

Survey: Americans site money woes as top reason for stress

Posted by Maria Porto on Mar 15, 2016 1:55:20 PM

The annual Stress in America Survey was released by the American Psychological Association this week, and it shows that Americans continue to be plagued by money worries. 

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Topics: Work, Business, Financial Wellness

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