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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

It Costs How Much To Get Married!?

Posted by Melissa Pashak, Marketing Specialist on Mar 1, 2017 11:11:01 AM

According to a new report by a leading wedding magazine, The Knot, the average American wedding cost has eclipsed $35,000. That's more than half of the yearly median income! Most of that spending isn't on lavish luxuries for bride and groom - it comes from the guest list. Couples are inviting more people and doing more for them, trying to create an unforgettable experience for their loved ones.

If you've got an event planned for the coming year, read on. Your bill doesn't need to be that extreme. Here are five ways to save on the cost of your big day!

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Topics: Saving, wedding, Budgeting, planning

Wedding Plans Q & A

Posted by Bethany Dutcher, VP Marketing on Jun 23, 2015 3:17:42 PM

Q:  What will my wedding cost?  A:  The short answer is, no one really knows. That may be unsatisfying to hear, but all sorts of variables are going to affect the cost of your wedding.  Googling wedding checklists and price guides can be daunting, and you may be expected to figure out how much you want to spend on things you had no idea existed before you started planning the wedding.  Before you get too deep, answer three questions that will most impact your price:

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Topics: wedding

Planning an Affordable Wedding

Posted by Melissa Egeler, Marketing Assistant on Oct 20, 2014 1:26:00 PM

Is it just me or is there a wedding craze going on? I’ve been to five weddings and have had over ten of my friends get engaged this summer! I guess being 23 it’s normal for this age, but all I keep thinking is how are they going to afford this?! The average wedding cost in Bay County Michigan is $21,343.* The average yearly income for a single person in Bay County is $23,694. So you’re basically spending a years’ worth of income on one night?! Is that really necessary?

In order to learn some ways savvy brides cut back on costs I talked to CFCU’s very own recent bride Nicole L., one of our Member Service Representatives. 

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Topics: budget, wedding

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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