At Allegacy Federal Credit Union we believe in doing the right thing for your wellbeing and that includes making sure the financing for your largest investment is the right fit for you. When mortgage rates fall, many people look at refinancing their mortgage to lower their rate and/or shorten the term, potentially saving hundreds of dollars in interest. While this … Continue reading
Starting college can be an exciting time, but when you’re struggling with how you will pay for your education it can also be stressful. Fortunately, there are options in the form of grants, scholarships and loans, but if you’re applying for financial assistance, there can be many hoops to jump through. Here’s your simple guide to navigating your way through … Continue reading
Your need for life insurance changes as your life changes. When you’re young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities once again begin to diminish, your need for life insurance may decrease. In this two-part series, we’ll look at how your life … Continue reading
At Allegacy Federal Credit Union, we know that purchasing a home is stressful and exciting at the same time. Following these simple tips will tip the scales less towards stressful and more towards exciting. Check your Credit Before you begin the process, check your credit. You don’t want to find the house of your dreams and then discover that you … Continue reading
At Allegacy Federal Credit Union, we believe living your life to the fullest is about making the most of every opportunity. Something as simple as a checking account is the first step to financial wellbeing and that starts with paying less and getting more. When you review your current statement, do you see fees for this and service charges for … Continue reading
It’s your first day of work and before you can even take a seat at your workstation, you’re being asked to make a number of important decisions that will impact your wallet well into the next year. What is my tax filing status? How many personal exemptions should I take? Will I owe anything at the end of the tax … Continue reading
You work hard for your money so when there’s a little leftover at the end of month, you deserve to splurge. After all, you’ve earned it. But what happens when you want something that costs more than the extra you have at the end of the month? Maybe you want to take a long awaited honeymoon. Or maybe you’ve been … Continue reading
‘Tis the season to be surrounded by beautiful store fronts and advertisements enticing you to spend, spend, spend. While this philosophy helps retail stores have a profitable year-end, your budget might be feeling the hit well into the new year. Believe it or not, it is possible to make it through the holidays and start the year off with your … Continue reading
Finally, you have a paycheck and you can spend it any way you want. But wait! There are bills to pay. Taking that first leap into adulthood is exciting and scary at the same time, but with this simple budget guideline, you’ll stay on track by planning ahead and spending your money on the things you should. The 50/20/30 rule … Continue reading
Did you know that if you do three simple things, you can easily improve your financial wellbeing? Really! Doing these three simple things can help you get your finances under control. 10 Cents. For every dollar you earn, take 10 cents (or 10%) off the top and put it in a savings account or somewhere you won’t spend it. In … Continue reading
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