If you've had your eye on a new laptop or need to replace a washer/dryer, this may be a good weekend to drop some serious cash. Last week Massachusetts lawmakers passed an economic development bill that includes a tax-free holiday on the weekend of August 11-12, 2018...the first tax-free holiday since 2015!
One of my coworkers at the credit union recently forwarded me a news clip about a single mother whose car caught on fire. The young mother was stunned when she learned that although the car was totaled by her insurance company, she still owed $5,000 on the loan she'd taken out to buy the car. On top of this stress, she needed a new car to replace the one that had been totaled. You can see the news clip here.
You're busy. You have big plans for the future, places to go, friends to meet. Does it really make sense to spend time bouncing from one website to another to check out your car loan, another to pay your mortgage, and yet another to look at your checking account balance? That’s so 2008!
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.
What if your income stream suddenly stopped? Would paying for the essentials be difficult? What if an unexpected expense, such as a medical bill, popped up? Would you be able to pay it? Many people turn to credit to help them make ends meet in difficult times. While it may provide temporary relief, it could cost you, as interest accumulates on your balance if you cannot pay it in full. Not to mention, it may be a struggle to make the payments each month.
We typically think of a checking account as a tool to help us manage the ho-hum aspects of our daily financial lives: we use it write checks for the babysitter, to get cash from the ATM at lunchtime, and to pay for groceries after work. We don't usually think of our checking accounts as something that can save us – or make us – money. But maybe we should rethink our checking.
If overwhelming debt is causing you stress, you are not alone. Millions of Americans are suffering from anxiety and depression because they have difficulty paying their financial obligations.
Maybe you’re tired of writing rent checks each month, knowing that your hard-earned salary funds your landlord’s real estate investment. Or that living below a bunch of hard-partying college kids has worn thin, along with your apartment walls, which are more like Egyptian papyrus — and as old, too!
A Totten trust is the same thing as a payable-on-death account, a type of informal revocable trust in the form of a deposit account at a financial institution. When you pass away, a Totten trust allows a person you name as beneficiary to claim the money without a probate court proceeding.