OnPath Credit Union
Coronavirus Stimulus Scams to Avoid
As the COVID-19 pandemic continues to heighten levels of uncertainty in our community, scammers have set their sights on attacking the personal and financial information of unsuspecting consumers.
How to handle a money emergency when you don't have savings
Have you ever received a big bill that threatened to eat up all your available cash? Did stress and fear set in? Check out these 4 helpful tactics to consider when tackling a money emergency?
3 Ways to Make Your Kids Financially Capable
Most parents understand that they should teach their kids about money. Knowing where to start, on the other hand, is another story. Fortunately, the Consumer Financial Protection Bureau (CFPB) recently released a guide to help families raise money-smart kids. In it, the CFPB discusses practical ways to build and measure financial capability in children.
Check out a few important takeaways from the guide paired with tips from balance, for making your child financially capable.
4 Steps to Stay Financially Responsible during COVID-19
As illustrated in an article by CUNA, Many Americans are being financially affected by the coronavirus disease (COVID-19). As businesses close their doors to keep their customers and employees safe, thousands—if not millions—are facing several weeks of pay disruption and infrastructure shake up. In response to the national emergency, consumers are feeling financially insecure and wondering what it means for their wallet.
Ways to Raise Money Smart Kids
If you’ve been meaning to talk to your kids about money, now is the perfect time to start. One of the most important gifts you can give your child is an understanding of how to manage money. We all want our kids to be financially savvy adults one day, but it’s become increasing difficult in today’s culture. We are here to give you ideas on how you can ensure your child grows up with a basic understanding of financial management. LINK IN BIO
9 Steps to Getting the Car You Want
A vehicle is likely to be one of the largest purchases you will make in your life. By taking the time to properly plan and prepare for buying a car, you can save yourself hundreds or thousands of dollars. Check out these steps to set yourself up for a more secure financial future.
10 Tips for the Inspiring Business Entrepreneur
Flip through the TV channels these days and you’re bound to see shows about people who have turned a hobby into a business. Whether it’s making cupcakes, being a personal organizer, or taking pictures, these jobs all became moneymakers after starting as fun activities. While you may not get your own TV show, there’s no reason why you can’t create a financially successful venture out of what you love to do.
How to Cope with a Changing Payday Cycle
If you are like one of the million Americans that do not have a set payday cycle or plan, check out a few tips on how you can alter your money management style.
How to Save for your Short-Term Financial Goals?
Short term financial goals can be achieved in under a year. But, how do you plan on going about achieving these goals? To determine the amount, you will need to save for whatever good, service or situation, look at what the cost is now. Once you know the total amount you need, determining how much you need to save each month becomes easier. Check out a few examples on how you can start saving for your short-term goals now.
What you need to know about a HELOC
Need a little more room for dancing? Or how about extra cash to consolidate debt or pay for college expenses? A home equity line of credit (HELOC) may be right for you. HELOCs are a very common type of loan. If you want to learn more about home equity line of credit, we are here to help.
Fix Your Home Improvement Plan
Experts estimate that the average yearly home repairs cost $1,700. That’s a large chunk of money to not have a plan for. If you are a homeowner and you haven’t planned for this amount in your spending and savings plan, now is the time to get prepared before any nasty surprises derail you. Check out a few ways to get started on the process.
Four Simple Retirement Strategies that work for anyone
Retirement looks different for everyone. Whether you want to travel the world or spend your golden years on the golf course, having a financial plan to keep you afloat when you stop working is essential.
Check out these four strategies that can help everyone retire well, no matter your age.
Helping the Compulsive Spender You Love
Shopping isn't something you can avoid, it's something we actually need to do. But what if your loved one goes overboard? Check out a few ways to help the compulsive spender you love with their shopping habits.
4 ways to keep the bag secure this Mardi Gras
During the Mardi Gras Season we typically find ourselves in close proximity to a crowd of complete strangers. Although everyone is gathered at the parade to celebrate the same thing, some may have different motifs. To protect yourself from potential pocket pickers and identity thieves here are 4 steps you can follow this Mardi Season to keep your personal information and cards safe.
10 Ways to Get the Most Out of your Income Tax Refund
Expecting a substantial income tax refund this year? Rather than having those precious dollars absorbed into your normal spending routine, get the most out of your cash. Check out a few smart ways to use your tax refund.
5 Smart Keys to Saving Success
You have wants. You have needs. And you have two ways of paying for them - pull out the credit card or use the money you have set aside. Which is your default? How do you save when there are bills to pay and the paycheck only goes so far? Check out these smart ways to build your savings.
Three Mortgages Every Home Buyer Needs to Know
Because of the high cost of most real estate, very few people can purchase a nice home with savings alone. Therefore, if you are like the vast majority of people, you’ll likely be taking out a loan from a financial institution to purchase the property you want. These loans, also called mortgages, can be quite complicated. We’re giving you a little advice on the basics of how mortgages work that can guide you towards the loan that is most appropriate for you.
Two Strategies to Help you get out of Debt
Carrying consumer debt can weigh heavily on our minds, reduce our freedom of choice, and cost us a ton of money in interest. Assuming you've got more than one debt to pay off, but we are giving you two strategies that we hope will help you get rid of your debt quickly.
Don't eat your money up this 2020!
Do you have the tendency of eating your money up? You may find yourself spending a lot of money on food when gathering with friends, during lunch time and even for comfort or distraction. When pay day is 1 week away, you begin to realize you’ve spent a ton of money on dining out, right? Consider the following when it comes to your food buying habits this 2020.
How do you set your Financial Goals?
If you had to choose between sitting down at your kitchen table and setting goals or sitting in an airport awaiting your flight to Iceland, you would probably choose the airport, right? But, how would you pay for this trip? Consider this advice when setting your financial goals.
Get Your Maximum Refund and Special Savings on Turbo Tax
Tax time doesn’t have to be stressful! With TurboTax, you’ll get your biggest possible refund fast and your taxes done right. PLUS, credit union members save up to $15 on TurboTax federal products, all through tax season.
Five Energy Saving Tips for the Holidays
The holidays can be an energy guzzler. The Christmas lights are on 24/7, and the oven is busy baking. However, there is no need to turn off all the lights on holiday cheer. Check out five easy ways you can reduce your energy consumption during the holidays.
How to Keep your Holiday Budget Merry and Bright
The Holiday season is a great time to connect with family, but it can also be a time where you spend more money excessively. So how do you buy gifts for everyone on your list without blowing up your budget? Try these few tips:
4 Ways to Master Your Money
We all know the famous saying, "It takes money to make money," but what about mastering your money? Check out these 4 simple ways you can master your money.
When to Use Credit and when to Avoid It
In many situations credit offers convenience and peace of mind. For example, when shopping, dining out or traveling, you don’t have to carry large amounts of cash. But when should you really use credit and when should you avoid it?
5 Ways to Master Your Money
Saving tends to be easier when you have a certain purpose in mind like saving for your first home, retirement, or even planning a trip around the world. Check out these 5 goals to help you master your money.
A FICO Score to Open the Door
FICO scores, developed by Fair Issac Corporation, are the most common credit scores used by mortgage lenders to determine not only who gets to buy a home, but also at what interest rate. However, beyond a few basics like good payment history, low revolving accounts usage, old accounts and diversity of credit, Fair Issac releases little information about what goes into having a good score. Luckily for you we have some previously unknown FICO score factors to share with you. Just remember these three "A's" to help you ace your mortgage application.
5 Tips for first credit card users
Credit cards are powerful financial management tools. If you use them wisely, they will help you achieve your financial goals. But as the saying goes, with great power comes great responsibility. Abuse them and you will find yourself in a world of financial hurt. Check out these five tips that can help you find and use your credit card in a smart, financially- sound way.
4 Factors to Consider When Switching Financial Institutions
If you're tired of being charged unnecessary fees for every transaction you make, or you're moving and want better access to ATMs, it may be time to switch your financial institution. In order to make this transition as simple as possible, OnPath Federal Credit Union has compiled some key factors to consider when switching banks.
Credit Cards 101
Credit cards can be an excellent financial management tool when used correctly. However, credit isn't always easy to understand. At OnPath Federal Credit Union, we are committed to empowering our members to make better financial choices, so we've created a primer on the basics of credit card use. Check out our handy guide below to learn more about credit cards and how to choose the best options for your financial needs.
What is a Share Certificate?
When looking for the best way to invest and grow your money, there are plenty of options out there that have varying levels of risk and reward. One of the ways you can build your savings with little risk is through a Share Certificate, what is known as a CD (certificate of deposit). This type of investment is similar to your typical savings account, but with a few key differences. Learn more about CDs and how they can help you save with this guide from OnPath Federal Credit Union.
Banking Fees to Avoid
Have you ever checked your statement balance and noticed that the total was less than you expected? Banks often charge fees for withdrawals, deposits and transfers, and these fees can add up. We've compiled some of the most common fees charged by banks to show you how it can affect your savings.
Mortgage Terms to Know
A mortgage is simply a type of loan to help you cover the cost of the home you're buying. You can apply for one through a lender, like a credit union. The most common mortgage loans for first-time homebuyers are ones insured by the Federal Housing Administration (FHA). Typically, first timers get a 30-year term with a fixed interest rate. That means you'll make fixed monthly payments for the next 30 years until your loan is paid off.
What is an APY?
When setting up or maintaining a bank or credit card account, it is important to fully understand the financial terms and phrases that are often used so you know exactly how your funds will be handled. OnPath Federal Credit Union has created this quick guide to help you familiarize yourself with one of these terms – APY.
Where to Stash your Cash?
Keeping your savings in your checking account seems like the convenient thing to do, it is usually not a good idea because you'll likely be tempted to spend your money prematurely. So where can you put it?
Here are some recommendations for keeping your stash safe, (and in a box under your bed is not one of them.)
10 Tips to be a Financially Healthy Family
Remember, you are not being "cheap" for the sake of saving a few dollars. You are being "frugal" for the well being of your family over the long term, and will come out ahead by doing so. Commit yourself to spending within your means. A line of credit should never be confused with an emergency fund or income.