Workshop: Building a Better Budget

A budget is the most powerful tool available for establishing financial control. In this seminar, you’ll learn to identify short-, mid- and long-term goals, design a realistic spending plan to live within your means, and outline savings plans to reach your goals. You will also learn about different options available for getting out of debt, staying out of debt, and staying motivated.

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Breaking Up with Name Brands

Reprinted Courtesy of  “It’s a Money Thing” 

Grocery shopping

Picture this scenario: you’re steering your shopping cart through the sliding doors of the supermarket, shopping list in hand. As you walk the aisles, there’s a strategy you can use to save an average of 33% on your entire purchase. It doesn’t require any coupon cutting or signing up for rewards cards. And the best part? You still get every single item on your list. The secret? Buying private-label products instead of brand-name products.

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Debt and Savings: How to Tackle Both

Erin Lowry writes Broke Millennial, a weekly blog designed to help members of “Generation Me” become fiscally responsible. 

Dealing with debt can be an anxiety inducing experience. The notion of being able to save while struggling to make ends meet is simply laughable. How dare someone suggest you build an emergency savings fund, or contribute to retirement when student loans, rent and credit card bills already eat up more than 60% of your monthly income? Even though it feels hopeless, there actually is a path to balance the opposing forces of paying off debt and saving for the future. In fact, you can get there in just five steps.

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It’s a Money Thing: How to Counter the Effects of Inflation

When most people think of inflation, their response is usually similar to when they see a vintage advertisement: reminiscing about the cheaper prices of the past (15 cents for a burger? Awesome!) while simultaneously feeling some resentment towards today’s ever-rising prices. Generally, inflation is seen as a frustrating “financial fact of life” that passively affects everyone as price levels climb and as the dollar’s purchasing power decreases over time.

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SavvyMoney Minute: Pay Together, Stay Together

A recent study confirmed what many of us already know: money issues can tear a couple apart. In fact, couples who disagreed about finances once a week were more than 30% more likely to get divorced than those who disagreed a couple of times a month. One solution? Common goals.

 

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Extra Credit provides general information to help improve our Member’s financial lives. Every situation is different, so please contact us for guidance on your specific needs. The advice provided in Extra Credit is not intended to serve as a substitute for speaking to a loan representative, financial advisor, or BALANCE counselor who can help tailor a solution for you.

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