Becoming a homeowner is a great step in the right direction in helping to secure a better financial future for yourself. No longer do your monthly rent checks go into someone else’s hands — now, by paying off your mortgage, you are essentially investing in yourself. But, with this financial investment comes higher monthly payments and unforeseen costs, and new homeowners often find themselves strapped for cash.
Purchasing a home is one of the most important financial investments you will ever make. Each payment on your mortgage will bring you one step closer to owning your home, rather than renting, where your payments end up in your landlord’s pocket.
The anticipation of buying a new home can cause you to feel both excited and simultaneously overwhelmed. Although your Pinterest-inspired dreams of wooden floorboards, bay windows, and an open plan kitchen are ready to become a reality; there are some logistical and administrative mountains you still have to climb.
Buying your first home is one of life’s most satisfying moments. It’s a big deal, worthy of celebration, balloons, and of course, a rousing housewarming party. But, before you start whipping up the fresh guacamole and inviting your new neighbors to celebrate, there are a few logistical hoops you will have to jump through when going through the process of homeownership.
Managing finances can become more complicated as you get older and acquire more ‘stuff’ and responsibilities, including taking care of other people. What’s more, this often comes without much guidance or financial planning. Many times people are left wondering, “How many savings accounts should I have?”
This alternative is the credit union. If you want to enjoy the perks of a credit union account, you’re in the right place. This guide will teach you what to look for in a credit union, how to find one near you, obtain membership, and open your account.
Tired of long queues, being put on hold, and overall poor customer service? Those are just a few reasons why so many are shifting their patronage from traditional banks to credit unions. As not-for-profit cooperatives, credit unions centralize around quality member experience, community needs, and better rates.
A federal credit union (FCU) is a credit union that is chartered under the Federal Credit Union Act and governed by the National Credit Union Association (NCUA). The NCUA is a federal agency that was created in response to the Federal Credit Union Act of 1934.
There are many ways you can use your money to reach your financial goals. However, some require sacrificing the liquidity of your money. For example, if you invest in real estate, you may be able to earn money down the line, but that money will no longer be in a liquid (read: available) state. If you need it for your emergency fund, you’ll be out of luck.