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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Michelle "Shelly" Duprey

July 9th, 2019

What is Private Mortgage Insurance?

Homebuying and Mortgages

Private mortgage insurance (PMI), mortgage insurance (MI), private MI—these are all different names for one insurance product, which I’ll refer to as PMI for the purposes of this article. PMI is required when you take out a home loan with a down payment that is less than 20% of the purchase price or appraisal value, whichever is lower.

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By: Kathy Town

July 2nd, 2019

Cycling for a Cause—a Case for Sports Philanthropy

Learn Something New | Lifestyle

Like many people, I want to give to others, but I don’t have a lot of time and I don’t have a lot of money. Fortunately, I love athleticism and I have found that nearly all races are tied to a charity. I learned about this connection at an important juncture in my life and I want to share my story with you because it is this connection that allows me to make a real and positive difference in people’s lives.

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By: Heidi White

June 25th, 2019

How to Travel on a Budget

Saving and Budgeting | Learn Something New

My daughter is in college, so for the past couple of years I’ve struggled to pull together the funds for a vacation. This year is even more of a struggle because I had to pay for some significant repairs to my home and my car. I know I’m not the only one in this situation, so I thought I’d share what I’ve learned how to travel on a budget while still having a fantastic vacation.

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By: Paul Lesure

June 19th, 2019

Take Advantage of this VT Solar Incentive Before July 1

Changes are coming to Vermont’s net metering incentives for solar.  Currently, all new solar customers receive a three-cent solar adder for all the energy their array produces. Customers who register their solar system on or after July 1, 2019 will lose one cent for every kilowatt hour of energy their array generates. This one cent is a portion of a state net-metering incentive (often referred to as an adder), which has been in place since 2011. The adder, which is offered for the first 10 years of a new solar system’s life, will be reduced from three cents to two cents. If you are considering purchasing a solar system, this is your cue to register your system now.

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6 Tips for Improving Your Credit Score

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By: Heidi White

June 5th, 2019

How to Build Good Work Relationships

Business Development | Learn Something New

Over the past couple of years, VSECU has gone through an internal transformation that has made it easier for all employees to cultivate and strengthen relationships across the organization. Over the course of that transformation, I learned a lot about the importance of relationship to personal and career growth.

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By: Caroline Cross

May 28th, 2019

How to Stop Living Paycheck to Paycheck

Saving and Budgeting

Though I help people figure out their money woes all day, when it comes to my own finances, I sometimes feel like sticking my head in the sand like the proverbial ostrich. Like anyone else, once I pay my bills, I’m lucky if I have extra money for the things I want to do. Fortunately, I’ve learned a few money-saving strategies along the way. If you’d like to stop living paycheck to paycheck, here are some techniques you can try:  

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By: Laurie Fielder

May 21st, 2019

Car Alternatives for Country Folk

Energy Savings | Saving and Budgeting

According to AAA, the average cost of car ownership is roughly $8,000 per year. Fuel and repair costs are increasing, and transportation is often the largest household budget item for a Vermont family when factoring in car payment, insurance, repairs, and fuel.

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By: Steve Timmons

May 14th, 2019

What Elder Financial Abuse Is & What You Can Do

Identity and Fraud Protection

Elder Financial Abuse is one of the most despicable crimes committed because it targets our senior population and often wipes out the victim’s entire life savings. Fraudsters target the elderly because they know that they will likely get a larger payout for their efforts. The US Census Bureau estimates the number of adults over 65 will represent 20% of the population by 2030, compared to 13% in 2010. According to estimates, elder financial abuse puts billions of dollars into fraudsters’ pockets, so the expected growth in the elder population will likely make elder fraud more and more attractive to fraudsters.

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