As the reality of COVID-19 sets in across the country, the unfortunate truth is some will seek to profit from people’s fear and the opportunities that present themselves along the way. While many people are out of work or sustaining significant financial challenges, some are working overtime to create elaborate scams to take advantage of those who are suffering already.
Our credit union plays a vital role in helping our community grow. Different than banks, which are formed on the idea of turning profits, our credit union is built on the “people helping people” philosophy. The better you understand how our credit union helps our community, the greater the odds are that you and your family will gain more from your membership. These are just a few ways our credit union helps our communities and our members.
Times are unsettling for millions of Americans facing reduced hours, changing work functions, and uncertain financial days ahead. With COVID-19 spreading, it’s more important than ever for you to take the reins over your finances and manage them carefully to make your money work for you despite the uncertainty all around. These key ideas can help.
You might be under the impression that all debt is bad. That simply isn’t the case. While no one likes to owe money, some loans can help you become more financially secure and provide you with opportunities to improve your current financial situation further.
Saving money, like weight loss, can be a struggle for many people. Both are laudable goals — and accomplishments should be celebrated in ways that do not undo your progress. For example, avoid overeating to celebrate 10 pounds lost or not spending on a big-ticket item once you’ve saved $1,000.