VSECU Blog. Financial and lifestyle resources for Vermonters - a credit union for everyone in Vermont.
The end of January is on the horizon. Are you still holding strong to your New Year’s resolutions or are they languishing in the wasteland of abandoned intentions? Maybe you hoped to save enough to make a downpayment on a new home this year or put more into your retirement fund. Maybe you just want to lose a few extra pounds. Well, this is your reminder to pull out those dejected intentions or create a fresh set of resolutions based on your needs, wishes, or desires, and try something new today.
When it comes to credit scores there are a lot of myths, which can cause consumers to make poor decisions about their credit card use. Here is a list of the most common misconceptions (and why you shouldn’t believe them):
Suggestions to lift your spirits during the cold months Winter blues can take a toll on your finances as you pay more for repeat visits to the doctor's or psychologist's office and/or lose income due to sick days or extra mental health days. If you find it tough surviving winter, you’re not alone and you have options. Here are some tips to help you survive the cold, dark season.
Q: Is there more to getting approved for a loan than just A+ credit? A: Yes! Your Ratios! (debt to income ratio and unsecured ratio)
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If you get a little extra cash in your paycheck from a holiday or year-end bonus, stretch it as far as you can in a way that will help you over the long term and still afford you some fun. Receiving unexpected money is a great way to get ahead financially. Whether you get 100 dollars or 1,000, there are many ways to put it to good use. So how are you going to spend your holiday bonus?
When your spouse passes away, you will have to collect legal documents, uncover and calculate your spouse’s personal debts, and determine which of your joint financial obligations now belong to you. However overwhelming it may seem, the following steps can help you gain control over your finances and protect your credit score.
Before you buy a dog, you should consider two major factors: how much the dog will cost you now and over the coming years, and where you want to purchase the dog. Determining whether or not you can afford the dog will prevent you from buying a friend you will only have to give up later. And buying a dog from a humane society or rescue shelter (rather than a pet store) can save a dog’s life, save you money, and still reward you with a thankful and loving companion.
How Does my Credit Card Work? Credit cards have become the go-to payment method for most consumers. They’re so easy to get that you can apply for a card and get instant approval for a credit card at your local retail store. Unfortunately, cashiers rarely, if ever, tell you about the important features of their credit card, such as the rate or fees associated with the card. And why would they? If you were told that a card had an interest rate of 18%, would you be as likely to take the offer?