Back-to-School shopping is almost as big as Black Friday—learn how to save this year!

Money Management Spending/Saving

Ohioans may not be planning to spend as much as the national average on back-to-school shopping this year, but that doesn’t mean the supply run will be cheap. The back-to-school season has become the second biggest shopping season of the year in the U.S., according to a Deloitte Back-to-School survey. American households were expected to spend about $27.6 billion on clothes and supplies for the new school year in 2018. In the Ohio Credit Union League’s 2019 consumer survey, 36…
Read More

Sticking to Financial Resolutions

Life Goals Money Management Spending/Saving

Ohioans, like most Americans, entered 2019 hoping to better their finances, but many have likely already fallen off track. In an Ohio Credit Union League 2019 consumer survey, 69 percent said their New Year’s resolution was to get on a budget. That statistic isn’t surprising; many Americans looked critically at their financial situations as they headed into 2019. Statista, a platform providing statistical data on a variety of topics, polled 2,000 people about their New Year’s resolutions in early January….
Read More

Why it’s never too early to start saving for a down payment

Life Goals Money Management Spending/Saving

The best advice my mom ever gave me was, “Pay yourself first.” Pay yourself first What does that mean? Every payday, put some funds straight into savings – before you throw that cash at other expenses or purchases. Now, it doesn’t mean you should ignore your bills. Obviously, you need to pay your rent and make your car payment and all the rest. But if you set yourself an aggressive monthly saving goal, paying yourself first can help you avoid…
Read More

4 Holiday Budget Tips

Money Management Spending/Saving

The holidays are a magical time of year, but they can also be the most stressful. Family, food, shopping, crowds, and chaos abounds. Here are five tips to help manage the holiday stress by not breaking the bank. Limit Spending: Determine the number of gifts you are planning to buy, along with the total dollar you amount you plan to spend. This would include gifts for family, neighbors, co-workers, pets, friends, etc. Put a set dollar limit for each item….
Read More

6 ways to prepare for retirement

Life Goals Money Management Spending/Saving

Planning for retirement can be daunting, leaving even the most-prepared individuals feeling anxious. In an Ohio Credit Union League 2018 consumer survey, 92 percent of respondents said they had at least one major financial concern about retirement. A majority of the survey’s respondents, about 74.6 percent, don’t plan to retire from full-time employment in the next five years, if ever. Ohioans’ financial fears surrounding retirement vary. Most, 27.5 percent, fear they won’t have time to save what they need. Another…
Read More

Life Hacks for Saving

Life Goals Money Management Spending/Saving

Saving money, especially when you’re young, can be challenging. But, that doesn’t mean that you can’t manage your money like a BOSS! With today’s technology, literally at your fingertips, there is no reason why savings and spending should go unmanaged. Right now, Millennials are stepping into or are a few years into the beginning of their careers. Managing bills, a new job, new expenses, and oh, yeah, that college loan can be daunting, but not unruly. Track Your Spending Mobile…
Read More

Why you should eat at home instead of dining out

Money Management Spending/Saving

For some Americans, going out to eat is a treat, planned and budgeted for. For others, it’s just another Tuesday. And Wednesday. And Thursday. If you’re part of that second group, you might want to reconsider… for a couple reasons. Tough on your wallet The average American family spends $225 a month eating away from home – lunches, dinners, snacks, coffees. Much of this spending occurs simply because it’s convenient. However, what you save in convenience, you lose in cold, hard cash….
Read More

9 Reasons Your Friends Are Joining Credit Unions

Money Management Spending/Saving

More and more people are discovering all the great things credit unions have to offer and are taking their business there. As not-for-profit institutions, credit unions are made of real people doing their best to look out for the community. Here are some of the top reasons your friends are joining credit unions: They add value to the community. From organizing drives for local causes to the Miracle Match philanthropic program, which provides financial assistance to Children’s Miracle Network Hospitals across…
Read More

How to shop for the best deals on groceries

Money Management Spending/Saving

In a time when most Americans are living paycheck to paycheck, many times having to choose between paying a bill and buying food for the week, getting a good deal on groceries is important. Ohioans are actively strategizing to save money at the grocery store, according to an Ohio Credit Union League Consumer Survey. About 71 percent of shoppers will comparison shop before putting an item in their cart, 68 percent utilize digital coupons, while 60 percent use printed ones….
Read More

5 Ways A Good Credit Score Is Your Safety Net

Credit Score Money Management Spending/Saving

A healthy savings account is your best defense against life’s curve balls. But sometimes setting aside some money every paycheck isn’t enough—particularly when you’re just starting out in life. A good credit score can be an additional safety net, providing you access to low-interest credit options that can help cover any expenses your emergency savings can’t. Here are your options: 1. Credit cards Credit cards can be useful for relatively small emergencies. Of course, this requires that you haven’t maxed…
Read More