Archive for the ‘ debt ’ Category

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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Think of what you spend in a day


Have you ever wondered during your daily routine if there was something you could be doing to save you money?  Every day, you make simple decisions that can cost you a good chunk of cash that could be saved and used for weekend fun.  Often times you make these decisions without even thinking of the quick and easy alternative rather than spending money.  Luckily for you there are plenty of simple and cheap swaps you can make to have more money at the end of the day.

In this quick video, you’ll see multiple ways that you can save money that are easy to change in your daily life.  You will see how simple it really can be for you to save money, which will make you and your wallet much happier!  Not only could these cheap swaps save you money each week, but they could also result in saving you time.  Begin applying these easy changes to your daily routine, and start saving some serious cash.

swaps graphic-blog

Members 1st Federal Credit Union can help you manage your money. Click here to learn more.

 

Written by guest blogger Zach Heckert, Marketing intern

2015 Financial Resolutions – There’s still time


couple with billsWe’re one month down, 11 more to go and 2015 will be a wrap. It’s still early enough in the year to review your finances and set goals. If you haven’t made your financial resolutions yet, here are seven tips that can help you achieve financial success.

  1. REVIEW YOUR BUDGET. List your recurring monthly expenses and compare them to your monthly income. Make adjustments or cuts where necessary to prevent dipping into your savings or using your credit cards. For helpful hints on budgeting basics, download our free brochure on budgeting.
  2. COMMUNICATE. Yes, it may be uncomfortable, but it’s very important to talk with your partner about where you stand financially (debt included). Knowing where you are helps you know where you want to be. Learn how to manage money as a couple or when you find yourself suddenly single by reading our free brochure, “His, Hers, Mine & Ours.”
  3. PAY DOWN DEBT. If you have numerous credit card balances, tackle the one with the highest interest rate first and pay the minimum amount required on all of your other balances. Also consider transferring your higher rate card balances to your Members 1st VISA®, which could save you money.
  4. BUILD AN EMERGENCY FUND. Most specialists suggest saving three to six month’s salary in case of an unexpected setback or job loss. Start by putting aside a little from each paycheck now.
  5. AUTOMATE YOUR LIFE. Utilize the Bill Payer feature of Members 1st Online. It’s simple to set up recurring payments to ensure that you’re always paying your bills on time, every time.
  6. THINK BEFORE YOU BUY. Do you really need that item or is it something that you simply want?
  7. MEET WITH A FINANCIAL PLANNER. Our team of Investment Services representatives can help you develop a customized financial plan that will help you feel confident in your goals.* You may schedule a free consultation at any of our branch locations.

If you need additional assistance, we offer free access to money management and financial education services through GreenPath, a financial management program. Through comprehensive education and exceptional service, GreenPath has been assisting individuals for more than 50 years. 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

 

 

 

*Registered Representative of INVEST Financial Corporation (INVEST), member FINRA/SIPC. INVEST and its affi liated insurance agencies offer securities, advisory services and certaininsurance products and are not affi liated with Members 1st Federal Credit Union or Members 1st Investment Services. INVEST does not provide tax or legal advice. Products are: • Not FDIC or NCUA insured • Not Bank or Credit Union Guaranteed • May lose value including loss of principal.

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