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Financial and Lifestyle Resources for Vermont


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

By: Steve Timmons

December 29th, 2020

How to Avoid Common Types of Fraud: Spoofing

Identity and Fraud Protection

Between information stolen from data breaches and personal details we share on social media, fraudsters can be equipped with a lot of information about who we are. However, they may need to gather additional information not readily available in order to access our personal and financial accounts and perpetrate their schemes. So that we can better protect ourselves, it is important that we understand some of the typical methods fraudsters use to collect this information. This is the first in a series of blog posts on common fraud tactics. In it, we’ll examine a method known as spoofing.

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By: Laurie Fielder

December 22nd, 2020

Thinking of Buying a Used Electric Car? Here’s What You Should Know

Energy Savings | Auto Buying

As the adoption of electric vehicles (EVs) becomes more widespread, more used electric cars are entering the market and offering a more affordable option for those looking to go electric. In fact, 7% of electric vehicles registered in Vermont in the first quarter of 2020 are used, according to the most recent report from Drive Electric VT. This number is only expected to grow along with the increased availability of used EVs. If you’re looking to go green with your next vehicle and think you might be interested in a used EV, here is a list of important questions to ask and information to know as you start your search.

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By: Natalie Powell

December 17th, 2020

Ten New Year's Resolutions to Achieve Your Financial Goals

Credit and Debt | Saving and Budgeting

Although you may be thinking mostly of what gifts you’re buying this year and how to teach grandma and grandpa how to use Zoom, it’s never too early to start thinking about your New Year’s Resolutions. So often, those considerations are relegated to the 5-day liminal space between Boxing Day and New Year’s Eve. Let’s face it; 2021 is not the year to get a gym membership. So, why not try improving your financial wellbeing?

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By: Oliver Ames

December 16th, 2020

How to Protect Your Credit and Prevent Identity Theft this Holiday Season

Credit and Debt | Identity and Fraud Protection

The modern world is filled with convenience that would have been nearly unimaginable twenty years ago. From where I sit in Montpelier, I can have food delivered from five different grocery stores within two hours. I can place an order online at a local store, have my items gift wrapped, and sent to my family on the other side of the country in only two clicks. Unfortunately, our modern world can also have its drawbacks. Much of the convenience we experience every day relies on putting our personal information on countless websites, order forms, phone trees, social networks, and mobile apps. The more places our information is stored, the more we open ourselves up to fraudulent activity. Luckily, there are some simple ways to reduce risk and keep your information private without sacrificing convenience. 

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6 Tips for Improving Your Credit Score

Cultivate and Maintain an Excellent Credit Score

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By: Anne Bijur

December 15th, 2020

Simplify the Season with the Buyerarchy of Needs

Saving and Budgeting

It’s safe to say that most of us have had a difficult year and with the holiday season, life can get more complicated, leading to more stress. Here are some easy strategies to simplify the season, including a tool that can help you save money.

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By: Blair Wolston

December 10th, 2020

What Is Portfolio Diversification?

Saving and Budgeting | Investing in the Future

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.

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By: Joshua Dobrovich

December 9th, 2020

Why and How to Buy Out a Lease on Your Car

Auto Buying

If you’re looking for your next car, you may have noticed that car inventory is low. If you’re currently leasing your vehicle, you may have more options at the end of your lease than you think. In fact, the best car for you may be the one you already have. Enter the lease buyout. With used cars retaining their value these days, here is what you need to know about this often-overlooked car buying option—when it makes sense, what to consider, and how to do it.

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By: Thomas White

December 4th, 2020

Elder Fraud: How to Identify and Stop a Grandparent Scam

Identity and Fraud Protection

What is a grandparent scam? No, it is not when a child receives a “No” from their parents and then goes and asks their grandparents because they’re more likely to get the answer that they want. It is far more manipulative than that.

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