In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
The holiday season is heralded as a time of joy … and a time to buy. For those who have the means, it’s exciting to think about the new things you may get and the gifts you can give. For those who can’t afford holiday costs, it can be a time of anxiety and loneliness. For those who don’t have family or are going through their first holiday season without a loved one, it can be devastating.
If an image of your credit card immediately comes to mind when you hear the words “holiday shopping,” you aren’t alone. Some people do it the right way—saving throughout the year so they don’t need to buy on credit. The rest of us mere mortals start thinking about the holidays when they’re a couple months away and do the best we can to cover costs. If you’re a mere mortal, like myself, here are some holiday credit card habits that will help you make it through the season with your finances intact.
My wife and I are new homeowners and in preparing for winter, we've begun the yearly process of budgeting for our heating bill. In auditing how our house deals with heating over the past few chilly weeknights, we realized we wanted a better way to control the heat, while also saving on fuel oil!
Starting July 1, 2020, Vermonters are no longer permitted to put food scraps in the trash. This is the final phase of Vermont’s food waste landfill ban—part of the Universal Recycling Law which passed in 2012. The goal of the law is to reduce the state’s trash and increase recycling and composting of food waste. Why does this matter? We want to reduce dependence on landfilling, conserve valuable resources like aluminum and oil, and reduce greenhouse gases created from landfilled food scraps and other organic matter.
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As a member and an employee of my local credit union, the question “Why Join a Credit Union” is one I’ve given a lot of thought to.
You’re driving down the road and your engine light comes on again! The thoughts that run through your head might include “I think it’s time for a new vehicle,” “Will I get approved for a car loan?” “What’s the minimum credit score for a car loan?” “What will a new payment look like for me?” “Can I even afford to buy a vehicle?”
When you finance your home, you have choices. You can go with a big-name bank or keep your money closer to home at your local credit union or bank. Bigger banks can leverage their resources to offer some compelling conveniences, like 24/7 support or simplified online processes, but they are not always the best choice. Local financial institutions can offer a more personalized and holistic experience simply because they are small and local.
As you plan to purchase a home, it’s important to keep in mind that you won’t just be paying the cost of the home. You will also be paying “closing costs,” which are all those fees associated with your real estate purchase. Closing costs on a mortgage may be paid by the seller but are most often paid by the buyer and are paid at closing, when you sit down at the closing to sign papers and the property title is transferred to you.