How Your Credit Union Can Help You Keep Your New Year’s Resolutions

How Your Credit Union Can Help You Keep Your New Year's Resolutions Title with eBook Cover of Person Creating New Year's Resolutions After Holidays

Plus, read below on how to download your copy of our FREE 35-page interactive eBook to help guide your finances! 

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Surprise! It’s another new year. Like clockwork, we associate the new year with self-improvement or starting something new. While the thought of bettering ourselves is intriguing, it tends to bring on a wave of stress and anxiety. Why? It’s not that the want to isn’t there…it’s the how to that gets us. Moreover, the lack of knowledge of resources or tools available to help us keep New Year’s resolutions doesn’t help either.

We can help.

We’re committed to simplifying your banking experience and, by doing so, reducing the stress that comes with dealing with finances and keeping yourself “out of the red.” Your credit union is comprised of people who share similar financial goals and challenges who also want to keep New Year’s resolutions.

Tip the scale in your favor. When making this year’s list of resolutions and goals, keep these 5 tips in mind. You might just see your waistline shrink while your savings expand.

How Your Credit Union Can Help You Keep Your New Year’s Resolutions

Get a grip on finances.

Knowing where your money is going gives you more confidence, and as a result, you can control it better. If keeping better track of where your money is going is part of your new year’s resolutions, use online and mobile banking and e-Statements to keep track of your money. Use MoneyDesktop™ (accessible through online banking) to sort purchases and deposits into categories. You can identify areas you might want to reassign funds for a better purpose – like saving and paying off high-interest loans (or swapping a few fast-food purchases each month for a basic gym membership).

Get a better, higher-paying job by improving your credit history. read more

5 Ways to Boost Your Credit Score

5 ways to boost your credit score

Credit scores… that three-digit number may not always be top-of-mind, but chances are, you’ve given some thought to boosting your score. Here are 5 tips to get you started.

1. Pay your bills on time. If you find this to be a challenge, consider signing up for automatic payments.

2. Pay more than just the minimum payment on your credit cards. Work on paying down your debt before you acquire any new debt.

3. Pay your credit card bills before they’re due. This way, more of your money will go toward paying for the month’s purchases instead of interest.

4. Find out if you have any outstanding medical bills. These can significantly drag down your credit score.

5. If you feel your debt has become unmanageable, consider a debt management program. Talk with us at MembersFirst about your options.

**Your Turn** Did you recently improve your credit score? Tell us how you did it in the comments!

#membersfirstga #creditwoes #howtoboostyourcreditscore #raiseyourscore

Home Buyers and the 20% Down Myth

Image showing lender discussing down payment with borrower

Hey, home-buyers (and anyone else needing the down-low on down payments), this is for you!  Let’s take a moment to bust the 20% down payment myth.

Are you desperate to own a home of your own but don’t quite have the down payment you think you need? 

Home ownership…. the American dream!  More than likely, you are saving up for that down payment, dollar by hard-earned dollar, until you have that magic number: 20% of your dream home’s total value. That’s what all the experts say, right?  read more