How to Plan for Big Purchases Like a Car or Home Planning for big purchases like a car or home is essential to ensure you don’t overspend, take on debt, or face unexpected costs. Here’s how to get started on planning for your next big purchase. Determining the Cost of Your Purchase The first step is to determine the cost...
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How Certificate Accounts Can Help Your Money Grow While there are plenty of saving options to help you get the most out of your hard-earned dollars, if you’re looking to earn more than you would by simply holding your money in a regular savings account, a certificate account (also known as a certificate of deposit) could be a better option for...
Living under the worry of debt can feel paralyzing and almost impossible to escape. According to Debt.org, the average U.S. household carries an average debt of $145,000. With the cost of living rising, U.S. households are spending more on everything from food and transportation to rent and medical care, so it’s easy to see how quickly debt can...
With summer just around the corner, you may be thinking of taking a trip. While you may have earned some rest and relaxation, being a tourist can make you a target for potential theft. Before taking to the road or sky, here are a few tips to keep you financially safe while traveling. Prepare your finances ahead of time Ensure your vacation goes...
By Hughes Federal Credit Union Misusing credit cards can be detrimental to your credit score so it’s important to build healthy financial habits to help you avoid the pitfalls of credit and stay out of debt. Here are five common credit card mistakes you should avoid making. Making minimum paymentsMaking just the minimum monthly payment will extend...
By Hughes Federal Credit Union A good credit score can help you get a better rate on a loan, help you rent an apartment, and in some cases, your credit history can even affect your employment opportunities. If your score could use a little help, here are a few tips to up your number. Check your credit report Start the repair process by looking at...
By Hughes Federal Credit Union Just like anything worth doing, building wealth is a process that involves time, dedication, and discipline. If you’re looking to build and grow your wealth, here are a few ways to get started. Ready yourself with financial education Financial education will empower you and give you the knowledge to help you decide...
By Hughes Federal Credit Union While you still have plenty of time to get all of your finances in check, it’s a good idea to get a headstart before this year’s deadline of April 18, 2022. Here’s what you should know. Child Tax Credit Payments In order to assist struggling families with financial difficulties brought on by the Covid-19 pandemic...
By Hughes Federal Credit Union If you’ve been exploring ways to pay fewer fees and get more out of your banking, it might be time to consider a credit union. While both credit unions and banks offer similar products and services like checking and savings accounts, loans, and credit cards, there are fundamental distinctions between the two that...
By Hughes Federal Credit Union With more and more people taking to online shopping, it’s no surprise that 1 in 4 Americans report falling victim to fraud during the holidays. Keep scammers at bay and learn what you can do to protect yourself while shopping for loved ones. Phishing emails and textsScammers know you’ll be checking your email for...