In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
This is an exciting time for plug-in electric vehicle (EV) buyers. Manufacturers are producing a wide array of models. The value of going electric has increased as electric driving range goes up, performance improves, more affordable models are available and off-peak charging costs from several Vermont utilities offer the equivalent of $1 per gallon of gasoline. Plus, purchase incentives are available that can reduce up-front costs by $10,000 or more. If you’re on the fence about buying an EV, this article may help you pick a side.
Growing up, I was given a register to keep track of my checking and savings accounts. As time moved on and technology advanced, I began relying on online resources to do my banking and manage my accounts. Using online tools to help me track my finances has saved me a lot of time and money over the years, and now that I work at a financial institution, I have fine-tuned my habits to save even more. So, how can simple technology save you time and money? Here are some ideas...
If you’ve ever purchased a vehicle, you probably know that you can spend almost as much time shopping for rates as you do picking out your new car. But what if I told you that you didn’t have to spend so much time finding the best interest rate? Yes, sometimes getting the lowest interest rate is extremely beneficial when it comes to your car payments. A difference of a couple of percentage points—0.9% compared to a rate of 3.9%, for example—can lead to huge monetary savings on your auto loan in the end, particularly on a higher-cost vehicle. However, often times, focusing on the interest rate does more harm than good.
Short answer: Yes. Going green with solar panels is more than just a feel-good decision—it can also help your wallet too. There are plenty of reasons for installing solar panels, but at the end of the day, it still has to make sense financially.
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Money can be one of the most stressful aspects of sharing your life with someone, especially in the early days of a relationship. So far, my wife and I have successfully navigated our finances through three different times in our lives: dating as students, living together, and getting married. These are the three ways we tackled the “money conversation.”
Two of the most lucrative scams for fraudsters involve online banking and wire fraud. In most cases, the two methods provide quick access to victims’ funds. However, there are several signs you can look for that indicate you might be the target of online financial fraud. For both online banking and wire fraud, we’ll cover what fraudsters typically do when they are trying to gain access to your money and how you can protect yourself.
Do you want to buy a car but worry that your bad credit will make it impossible for you to get financing? Bad credit can certainly create challenges for the car buyer, but it does not necessarily mean you’re out of luck. You may just need to take a few steps to prove to a lender that you are a trustworthy borrower.
WHAT IS A ROMANCE SCAM? A romance scam is a specific type of confidence scam, in which a person is defrauded after another person has gained their trust. In this scenario, the fraudster creates a fake identity to gain the victim’s affection and trust, then exploits this relationship for their financial gain.