Archive for the ‘ Checking ’ Category

How to Be a Money-Smart Graduate Student


Whether you’ll be pursuing a master’s degree in English literature or a Ph.D. in chemical engineering this fall, life as a graduate student likely will require a good deal of thriftiness. But that doesn’t mean you have to limit yourself to a steady diet of instant noodles and cereal for the foreseeable future.

Here’s a look at several sustainable ways that grad students can maximize their stipends or other income and cut costs in the process.

Find a roommate

Sharing a house or an apartment with others may have taken some getting used to as an undergraduate. By now, though, you’re probably a seasoned veteran. And that’s a good thing, since finding a roommate is still one of the best ways to save money.

As well as being able to write a smaller rent check every month, you may also want to divvy up utilities and split groceries. Consider using an app like Roomi to find someone who has similar attitudes toward noise and cleanliness, which can reduce tension down the road.

Catch the bus

Unlike your first college stint, you probably won’t be running back and forth between the far corners of your school’s campus to get to class. In grad school, you’ll probably spend most of your time in one or two buildings. A car, therefore, may not be essential. Instead, use a bike or hop on public transportation. Many schools offer subsidized transit passes to lighten the load on students’ finances.

Use student discounts

It can be disheartening to create a budget only to find that there isn’t much money left over for meals out or nights at the neighborhood bar. But if you take advantage of student discounts — and memorize that bar’s happy hour schedule — having a good time doesn’t have to put a major dent in your wallet.

From movie theaters to museums, many places offer student discounts. Although saving a couple of bucks may not seem like much, it’ll make a difference over time. This extra cash can then be put toward your future, either by eliminating debt or saving for retirement.

Tackle debt, save what you can

Only about 1 in 10 millennials say they feel “very confident” that they’ll have enough cash for retirement, according to a recent survey. If you’re worried about running out of money during your later years, consider starting to set aside some of your income now. A good amount to shoot for is about 10% of your monthly earnings.

You’ll also be doing your future self a huge favor by slashing as much credit card or student loan debt as possible. Also, do your best not to rack up any new consumer debt. Use your plastic only in emergencies.

The bottom line

Pursuing an advanced degree can be an incredibly rewarding experience, but not financially, at least not right away. It’s therefore essential to take advantage of all the breaks you can get, such as subsidized transportation passes and other student discounts. That way, the only thing you’ll graduate with is more knowledge, and not mountains of credit card debt.

Source: NerdWallet, Inc.


For more information about Graduate Loans and other student loans, visit the our student loans web page or our Student Choice website.

Tips to Fix Your Finances


Unless you’re born into it or inherit it, most of us have to work for the money we need. Some of us work more than one job to make it all come together. Sometimes we have to borrow money for the things we want or need like a home, car, wedding, or to finance an education. Sometimes people take on more debt in terms of credit cards and loans than the amount of money they bring in to make the payments.

Bob Marquette, our President & CEO, was recently featured on FOX 43’s “Fixing Your Finances“. He discussed how credit score works, why a good credit history impacts your ability to obtain a loan, and provided tips on how you can improve your own credit score.

Looking to fix your finances? Check out Bob’s segment by clicking below:

FOX43 Blog Post

Friendly reminder – Check Your Credit Report Annually

You are entitled to a free copy  of your credit report every year. It’s important to check your credit report regularly for accuracy, discrepancies, fraudulent activity, and identity theft. And federal law requires Equifax, Experian and TransUnion, the big three consumer credit reporting companies, to provide you  with a free credit report every 12 months if you request it. Get your free credit report today.

Need additional help? 

We offer our members access to money management and financial education services through GreenPath Financial Wellness.  As a member, you can receive assistance with:

  • Personal and family budgeting
  • Understanding your personal credit report and how to improve your score
  • Personal money management
  • Debt repayment
  • Avoiding bankruptcy, foreclosure, and repossession

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Deposits On the Go – Convenience in a Snap!


mobile-deposit-baseball

How many times have you carried a check or checks around in your wallet or purse with the intent of making a deposit?  How many times have you found yourself sitting at your child’s practice, out to dinner, lying in bed, or in the shower and had that uh-oh moment?

We have an easy solution for you – no matter where you are you can make that deposit! All you need is our free, convenient mobile app!

Follow these simple steps to make a deposit now:

• Login to our Mobile App.
• Tap the camera icon/Deposit Check.
• Tap Sign Up.
• Tap Create a Deposit and select receiving account.
• Fill in the amount of check to be deposited.
• Take a photo of the front of the check and the back of the check and tap submit.

Watch how easy it is to use Mobile Deposit*:

Get our free Mobile App now:

available on app store     get it on google play

* Certain conditions apply. Account must qualify for this service. Deposit must be less than $3,000. Mobile deposits will post the same day by 8 p.m. in most cases except on weekends and holidays. Standard Internet and data use charges will apply per your individual plan. Ask your provider for details. Mobile Deposit Anytime Anywhere is currently available only on a supported Apple™ or Android™ device. Ask an associate for details.

Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries.

Standard internet and data charges apply per your individual data plan. Consult your carrier for details.

Federally insured  by NCUA.

 

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