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Catholic Federal Credit Union Financial Fitness Blog

Newlyweds: Don’t Let Financial Stress Take The Cake

Posted by Bethany Dutcher, VP Marketing on Jun 6, 2017 12:23:01 PM

There are so many things to think about when you’re just married, or about to be, and no one would rate finances as the most exciting of them. In fact, studies show that money (not relatives) is the number one reason couples argue. Those financial arguments (again, not relatives) are one of the top predictors of divorce.

So, how can you avoid becoming a statistic? Here are some tips.

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Topics: marriage, finances, wedding, financial goals, Budgeting

Fitness For Your Body And Wallet

Posted by Melissa Pashak, Marketing Specialist on Jan 18, 2017 12:33:06 PM

New Year's resolutions can be fantastic motivating tools, and many of us use that motivation to improve our health. Thirty-seven percent of Americans resolved to lose weight, while another 32% resolved to stay fit and healthy in the New Year. No one knows that better than the weight loss industry, which ramps up its marketing this time of year. You've no doubt seen offers for free months and other discounts at local and national gym chains.

What these advertisements leave out is that gym memberships are still very expensive. Nationally, gym memberships average $58 per month. That's bad enough before you start adding in contract initiation fees and other upfront charges. If you want to get fit, but don't want to pay those exorbitant fees, there are a few strategies you can try. Give these budget- and body- friendly ideas a chance. It might help you along the path toward a happier, healthier 2017!

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Topics: Saving, finances, health

Help! I Overspent On Christmas.

Posted by Bethany Dutcher, VP Marketing on Dec 29, 2016 2:16:05 PM

It’s so easy to go overboard on Christmas. If you have kids, you want everything to be perfect for them. You want to build priceless memories, so spending any amount seems worth it. If you’re just getting started, you want to impress your family with how together you have things. Giving extravagant gifts to your family members seems like a great idea … until you’re staring at a huge credit card bill in January.

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Topics: finances, budget, debt

Get These Things Out Of Your Wallet Now!

Posted by Bethany Dutcher, VP Marketing on Nov 5, 2016 11:23:07 AM

It's time to think about what's tucked into your purse or wallet. What items make your "essential carry" list and what can you safely leave behind?

Your wallet can become a lot like a junk drawer you carry around. It's cluttered with loyalty cards, coupons, cash, checks, store credit cards, credit cards for gas, credit cards for everyday purchases and a host of identification cards. That much bulk can make your wallet or purse a serious hassle to carry. Even worse, though, you may be setting yourself up for identity theft.

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Topics: finances, organize

Is A Personal Loan The Answer To My Urgent Money Need?

Posted by Bethany Dutcher, VP Marketing on Sep 1, 2016 9:07:12 AM

Q: I need to get money together in a hurry. What can I do? Help!

A: There are times in your life when you need cash fast. It may be hospital bills, car trouble or crushing debt. A personal loan is for times like these. Personal loans range from $1,000 to more than $50,000, and are not secured with collateral. That means there’s no property that backs the value of the loan. Personal loans may seem attractive, but they do come with some downsides. Is a personal loan right for you? And if so, how do you go about getting one?

Let’s take a look at four critical questions to ask before getting a personal loan.

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Topics: loans, money, finances

Spring Clean Your Way to Savings

Posted by Accel Financial Counseling on Apr 14, 2016 11:48:16 AM

Springtime means opening the windows, sweeping out the dust from over the winter and starting anew. It is also the opportune time to clean out your wallet or purse, that junk drawer full of receipts and those overflowing file cabinets. But where to begin?

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Topics: finances, spring cleaning, organize

Six Simple Money Routines to Start Today!

Posted by Melissa Egeler, Marketing Assistant on Nov 9, 2015 11:49:40 AM

Know your Number

You can get your official credit score absolutely free three times a year from AnnualCreditReport.com. Check it every four months to make sure you’re on track with where you want to be and to make sure there is no suspicious activity that you may be unaware of.

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Topics: finances, money management

Five Tips to Get Your Personal Finances Back on Track in 2015

Posted by Accel Financial Counseling on Aug 6, 2015 10:18:12 AM

As we turn the calendar page to August, it’s hard to believe that more than half of 2015 has gone by. If you made a New Year’s resolution to clean up your finances, have you saved as much as you wanted? Have you paid down any debt or has your debt actually increased? The halfway point in the year is a good time to check in and see how you are doing. Here are 5 tips brought to you by Accel, a company that Catholic Federal has partnered with to offer free financial counseling to members of the credit union; Accel’s personal finance counselors want to help you better understand your 2015 finances, and how you can get back on track, as the holidays approach.

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Topics: finances, accel, budget, debt management

Be Financially Fit: Your Personal Money Makeover in 7 Easy Exercises

Posted by Melissa Egeler, Marketing Assistant on Jun 10, 2015 10:23:17 AM

As the summer begins, you may be considering how you’re getting in shape for that beach bod you promised yourself a few months ago. As your credit union, we’d like to encourage you to make one of those changes a dedication to financial security and success. Don’t just resolve to become physically fit this summer; become financially fit, too.

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Topics: Saving, money, finances, credit, mortgage, money management

5 Ways to Simplify Your Finances

Posted by Bethany Dutcher, VP Marketing on Aug 26, 2014 2:48:53 PM

As a working mother of 2 beautiful energetic boys, I am always looking for ways to simplify my life to free up more time to spend with my family. With summer ending and school starting next week, I’ve been scrutinizing our family finances to make it even simpler.  There are many ways you can do this and a ton of benefits; like adding time to your day, feeling confident about your finances, and so on. I thought I would share some of the ways that are easy to implement into your life.

  • Go paperless, eBills. Do you have that paper pile of mail somewhere in your house that is always an eye sore? I do! It is by my telephone (yes, I still have a landline at home in case of an emergency). Nothing makes me feel better than having that area cleaned and tidy. One way to accomplish this is to enroll in eBills. The majority of the bills you receive each month have the option of sending you an electronic bill vs. a paper bill in the mail. It’s safe and secure, whether you decide to have it sent to your email inbox or elect for eBills through your online banking provider. Both options are password protected and you can also receive alerts and notifications.
  • Pay bills online. Most financial institutions offer online bill payer for free (Catholic Federal does). Stamps, envelopes and checks are an expense you can eliminated with a click of a mouse or by using your smartphone or tablet. You will save time too! After you have set up a bill, all you need to do is log in and enter the amount and day to pay it. But best of all, a history of all of your paid bills is kept. This makes keeping a budget and tracking what you spent and where easy to review.
  • Automatic savings. Make your savings automatic. Every time your paycheck is deposited, have a scheduled transaction transfer a set amount from checking to savings. 10% of what you make every month is what is recommended to save.
  • Keep two credit cards. Keep it simple! You will rid yourself of receiving numerous bills each month. Keep the cards with the lowest interest rates and no annual fee.
  • Choose one financial institution. You can probably get everything you need in one place. You’ll not only get better service, but you will cut down on monthly statements and get a better picture of your overall finances.
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Topics: simplifiy life, finances

Welcome!

We're happy you're here. Our blog gives us another way to communicate with you in a fun, relaxed way. Don't worry; we won't be selling you anything. We just want to share a more personal part of ourselves so you can get to know the lighter side of the credit union. Our goal is to improve your financial well-being, we'll also share helpful financial tips and recommendations covering everything from students loans to retirement planning, and dream vacations to budgeting, many from our own personal experiences. After all, we're still people helping people, as we have been for 60 plus years. Now we just have more ways to reach out and help. 

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