Catholic Federal Credit Union Financial Fitness Blog

7 Resolutions For A Richer 2017

Posted by Kate Luttenberger, Member Experience Specialist on Jan 5, 2017 10:58:00 AM

The New Year is a great time of renewal. That makes it a good time to make bold, decisive changes in your life. Leave behind the baggage that was 2016 and start fresh with a blank slate in 2017. If you’re looking for some resolutions to improve your personal finances, we’re pleased to offer seven ways to make 2017 the year of the dollar!

1.) Track your spending

If you’re looking to take your first steps toward financial literacy, figuring out where your money goes should be at the top of your list. If you don’t know where your money goes, it’s going to be tough to follow through with any other money plans. You may have a general sense of how much you spend, but after a month where you’ve recorded every dollar, you’ll have a much better picture. Using apps like Mint, Quicken or Personal Capital can automate the process. You might even find that keeping track of what you do with your money encourages you to spend a little more judiciously.

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Topics: budget, debt, savings, Retirement, Direct Deposit, New Year's

Best Ways to Save on Summer Vacation

Posted by Peter Lewis, NerdWallet on Jun 6, 2016 4:02:25 PM

With school letting out and sultry summer days ahead, it's time to start thinking vacation.

Because it's a supply-and-demand world, you'll likely be up against higher airfare, hotel costs and car rental rates. But here are some tips to help keep things affordable.

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Topics: budget, savings, Vacation, Summer

This Guy Paid Off His Mortgage In Three Years.  So, Why Does He Regret It?

Posted by Bethany Dutcher, VP Marketing on May 14, 2016 9:25:57 AM

There's not much in life that is more freeing than finally paying off a large bill.  Suddenly, our checking accounts are flush; the future feels more open, and even our favorite jeans seem to fit better.  When it comes to a mortgage, of course, that seems so far down the road it's difficult to imagine, particularly for those just starting out.  If you've always paid rent or a mortgage, it just kind of feels like that bill is always there, the background noise of your life.

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Topics: Home, financial goals, savings

Why Is Your Tax Refund So Small?

Posted by Maryann Schaffer, Accounting Supervisor on Feb 16, 2016 1:45:00 PM

This time of year, W-2 forms are coming in, shoe-boxes are coming out and kitchen tables are disappearing under a pile of documents.  It's tax time, and the most common set of questions we hear revolve around the same issue: Why is my refund so small? How can I make it bigger? While we are not tax professionals, here are some observations we've had while serving our members over the years. You may want to discuss them in further detail with your tax advisor.

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Topics: savings, taxes

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