In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
With interest rates at historic lows for loans and deposits, the current rate environment certainly rewards borrowers but what choices are long-term savers left with?
I’m diversified. I have money in three different mattresses! Diversification is a strategy whereby investors spread out their risk by investing in multiple asset classes. In other words, they don’t invest all of their money JUST in domestic stocks or JUST in municipal bonds. They spread it out over a variety of investment types that have different risk profiles. That way, if their domestic stocks are doing poorly (losing money), their investments in bonds may bring in enough of a return to make up for their stock losses.
Estate planning may not be something you think about every day but as you get older and accumulate assets, it should become a part of your overall financial plan. You may have started out with nothing, but now you’ve got a house, maybe a vacation home, rental properties, vehicles, precious heirlooms that were passed down through the family, and investment accounts. The more you accumulate, the more you have to safeguard so that everything makes it into the right hands after you pass. It’s easy enough to procrastinate; more than 50% of American adults don’t have a will. Hopefully, after considering the information outlined in this article, you can begin to move forward with a plan or tune up the documents you already have in place.
For many, investing can come with baggage. People often make different associations with the term based on past experiences with parents, teachers, and friends. The portrayal of Wall Street culture in American cinema tends to portray a version of investing that quite possibly keeps a lot of would-be investors on the sidelines reading the financial news and wondering how the “wolves of Wall Street” keep finding fresh kills. Being a market-based investor is not just for the ultra-rich. It’s something nearly anyone with a job can do. It’s about setting goals, making a budget that includes investing, staying the course, and remaining disciplined to the basic principles of investing.
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Dispelling the Belief that Thrift Means Living Without I want to start out by stating a little-known truth that can change your life: Thrift isn’t about living without. It is about actively deciding how to spend the money and resources you have in a way that brings the greatest value into your life.
A Great Alternative to Banking Making the choice to invest money in a credit union, rather than a bank, is often a decision that reflects cooperative values and community-building intent. Credit unions and banks offer a similar suite of products and services, but they are formed and run in very different ways.
When old man winter blows into town, your first reaction may be to change the tires, fill up the windshield-wiper fluid, and make sure the scraper is within easy reach. These measures will help you protect the exterior of your vehicle, but they won’t fully prepare your car for what is to come. The winter takes a serious toll on your vehicle’s fuel economy and the best way you can prepare is to build an arsenal of tactics to reduce the toll every time you drive.