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

Wise Home Equity Planning

Posted by MoneyWisdom Newsletter on Jan 17, 2018 4:52:24 AM

For savvy borrowers, using home equity for specific purposes makes sense. Rates are lower than most other types of borrowing, because the line of credit is secured by your home. Many homeowners also lower their tax bills, since the interest on home equity is often tax deductible.

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Topics: Money Management, Home Equity

12 Tips for a Financially Healthy Family 

Posted by Hanscom Federal Credit Union on Jan 11, 2018 2:21:36 PM

You don’t need a new year or a special occasion to begin getting your family’s financial life in order. Right now is always the right time to put a plan in place, and we have 12 tips to help you start.

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Topics: Money Management, Budgeting

3 Steps to Reduce Credit Card Debt Fast

Posted by Hanscom Federal Credit Union on Jan 1, 2018 7:00:00 AM

A $2,000 balance on your credit card – how did that happen? (Oh yes, dinner at Chez Fifi, new tires, school clothes for the kids…) Thankfully the minimum payment is only $38. You can afford that!

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Topics: Money Management, Debt, Credit Card

Easy Ways to Save Money on Your Water Bill

Posted by Hanscom Federal Credit Union on Dec 28, 2017 8:00:00 AM

Saving water means saving money around your home. However, you might not be quite ready to put a brick in your toilet tank or reduce your shower flow to a trickle. Have no fear; you can still take steps to seriously reduce your water bill each month.

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Topics: Money Management, Budgeting, Saving Money

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

Your Study Guide to Paying Off Student Loans

Posted by Hanscom Federal Credit Union on Dec 23, 2017 2:34:18 PM

It is not unusual for college tuition to cost $30,000 or more a year. Some students are able to pay for it with savings or get grants or scholarships. However, many have to turn to student loans to finance at least some or all of their costs. Taking out student loans can pay off in the long run because having a college degree usually makes it easier to get well-paying jobs. However, if you

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Topics: Money Management, Debt, College

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

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