Catholic Federal Credit Union Financial Fitness Blog

Bethany Dutcher, VP Marketing

Recent Posts

Tax Scams 2019

Posted by Bethany Dutcher, VP Marketing on Feb 1, 2019 12:28:54 PM

Each year, the IRS publishes the “Dirty Dozen,” a list of 12 scams that are rampant during that year’s tax season. 

This year, the IRS is cautioning taxpayers to be extra vigilant because of a 60% increase in email phishing scams over the past year. This is particularly disheartening, since it comes on the heels of a steady decline in phishing scams over the previous three years. 

Typically, an email phishing scam will appear to be from the IRS. Once the victim has opened the email, the scammer will use one of several methods to get at the victim’s personal information, including their financial data, tax details, usernames and passwords. They will then use this information to steal the victim’s identity, empty their accounts or file taxes in the victim’s name and then make off with their refund. 

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Checking Accounts for Teens

Posted by Bethany Dutcher, VP Marketing on Oct 5, 2018 3:37:39 PM

According to StatisticBrain.com, teens spend more than $258 billion annually, yet many young adults enter college without any practical financial guidance or accountability. It’s now more important than ever for young adults to arm themselves with information on how to manage their money. And that’s why it is also important to educate students about their most important personal financial tool: the checking account.

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Topics: Checking Account, teens, debit card

Don't Drink Your Wallet Dry

Posted by Bethany Dutcher, VP Marketing on Jul 9, 2018 1:32:09 PM

You probably already know water is the best beverage choice for your health and for your money. But did you know bottled water may be costing you a fortune? 

It’s true: Many people pay exorbitant amounts of money for bottled water without even realizing how inflated the price is. 

So, let’s take a look at the costs of bottled water when compared to ordinary tap water. 

For 1,000 gallons of tap water, it will cost you approximately $11. With that amount of water, you could fill 7,570 bottles of water at 16.9 fluid ounces each, with each bottle costing you just $0.0014! 

Assuming you drink three 20-oz bottles of water a day, you’ll need 1,095 bottles a year. If you’d fill those bottles with tap water, you’ll only pay $1.53 a year! 

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Topics: health, Budgeting

Turn Your Dream Vacation into a Reality

Posted by Bethany Dutcher, VP Marketing on May 17, 2018 10:19:55 AM

Everyone has their own version of a dream vacation. But, for most of us, it never becomes a reality. Read on for six ways to make that dream vacation come true.

1.) Start saving 

Give your getaway a jumpstart by planning for it all year long. 

  • Set up a “Trip jar.” Whenever you’ve got loose change, plunk it in a jar earmarked for your vacation. Use the money you’ve saved to fund one part of your vacation.
  • Brown-bag it. The average American buys lunch twice a week. By brown-bagging it just one more day a week, you can save hundreds of dollars a year for your vacation.
  • Open a vacation club account. Here at Catholic Federal, we’re all about making dreams come true. Call, click or stop by today to learn how to painlessly save for vacation all year.
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How to Fund an Emergency

Posted by Bethany Dutcher, VP Marketing on Apr 16, 2018 11:38:58 AM

Q: I've had a financial emergency and I don't know how to pay for it! What are my options?

 A: Ideally, you'll want to have an emergency fund in place. If you don't, consider these options...

 1.) Credit cards

Credit cards are super-convenient. You don't have to wait for approval, take on another source of debt, or even think about paying it back until later. Borrowing with a credit card, though, means getting more than you bargained for. With high interest rates, you'll end up owing a lot more money than you borrowed.

Also, credit cards make it easy to push off paying what you owe by only requiring a minimum monthly payment. This means you'll end up carrying that debt for a lot longer than planned.

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Topics: Saving, money, finances, Security

14 Tricks to Sell Your Home Quickly

Posted by Bethany Dutcher, VP Marketing on Mar 20, 2018 4:21:21 PM

Spring is in the air! And soon there will be the hum of lawnmowers and newly bloomed flowers. Spring is also an opportunity at a fresh start in a fresh, new home.

If you're looking to sell your home and start over somewhere else, you likely want to see that sale happen as quickly as possible. After all, it isn't easy to be paying two mortgages at once! You might also be counting on the proceeds of the sale to help make a down payment on your new home.

Read on for 14 fantastic tricks to get your home into the hands of its new owners as swiftly as possible.

1.) Choose the right agent

Do your research before hiring a realtor. Your broker should have an excellent track record that includes lots of recent sales, being updated on the latest market trends and knowing how to use technology to get the word out about your house. Ask for references and credentials before making a decision.

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Topics: Home

Debt Consolidation: Is It For Me?

Posted by Bethany Dutcher, VP Marketing on Jan 12, 2018 12:26:34 PM

If you’re up to your eyeballs in debt, the one thing you may wish for more than anything else is a blank slate. If you had a chance to wipe your slate clean and start over, things would be different. Of course, barring a winning lottery ticket, nothing is going to make that much of a change overnight.

There is, however, another option you can take for getting your debt under control. You can consolidate and refinance your existing debt. That means you’ll have one monthly payment at one interest rate instead of the stress caused by a bunch of smaller bills coming due on different days of the month.

Of course, this isn’t a solution for everyone. Let’s take a look at the questions you might ask yourself before you take on a debt consolidation loan.

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Financial Preparation For 2018

Posted by Bethany Dutcher, VP Marketing on Dec 21, 2017 10:26:37 AM

 2018 is almost here – are you ready?

Usher in the new year with plans for financial improvement and resolutions to do more.

Here are some tips to get you started:

Tune your budget

It’s great to start off the new year with a plan. A budget is just that-a plan that starts with the income you expect and your fixed expenses such as your mortgage, insurance and utilities. The plan incorporates your savings goals, and the remaining money is designated for your other expenses. A realistic budget will help you set your financial goals and will remind you to stick to them. Now is the perfect time to assess last year’s budget or create a new one if you don’t yet have one in place.

Reviewing how you spent last year’s money will help you make better financial decisions for the year ahead. While thinking about it, include a method for tracking your spending. You can do this on a spreadsheet or tag items in your checking account.

Even with a solid plan, there can be surprises along the way, so be sure to build an emergency fund into your budget.

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Topics: financial goals, Budgeting, New Year's, 2018

How Can I Shop Safely On Black Friday?

Posted by Bethany Dutcher, VP Marketing on Nov 21, 2017 9:33:11 AM

Q: I love Black Friday but I worry about the risks. With the possibility of being trampled or of my credit card being compromised, there's so much that can go wrong! How can I protect myself without missing out on the biggest shopping day of the year?

A: Black Friday does pose some serious risks to shoppers, but with the proper safety measures, you can happily join the bargain-hungry crowds on Nov. 24.

Here's how:

1.) Plan ahead

Planning ahead means you'll spend less, be out of line faster and decrease your risks. Sites like BlackFriday.com can help you plan your day and find the best deals.

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Topics: Shopping, Black Friday

International Credit Union Day: Dreams Thrive Here

Posted by Bethany Dutcher, VP Marketing on Oct 18, 2017 9:16:28 AM

Are you as excited as we are to celebrate International Credit Union Day?

ICU Day - celebrated on the third Thursday of every October since 1948 - will be on October 19, 2017. The day has been designated as an occasion for credit unions all over their world to recognize the history behind the credit union movement, its spirit and its philosophy. It's a day to share your experiences as a member and to reflect upon all the benefits you enjoy by being a part of your credit union.

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Topics: International Credit Union Day

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