Skip to content

Blog

Posts Tagged ‘finances’

Don’t fall for these common money myths

money myth illustration

Even the most battle-tested budget warrior might be making money decisions based on bad information, according to results of a recent survey. Charles Schwab interviewed 998 people to discover their biggest financial misconceptions. A large number of them believed common money myths. In fact, those who described themselves as “savvy” actually were more likely to…

Read More

Back-to-school: plan your budget

school supplies

Back to school means expenses!  Clothes, shoes, and school supplies can drain a budget quickly. According to The National Retail Federation, the average family with school-aged children spends $674 on back-to-school items–clothes, shoes, supplies, and electronics–each year. It’s no wonder setting a budget is essential for all parents with school-bound youngsters. To avoid falling into…

Read More

Financial Literacy Quiz

money tree in a book

How financially literate are you?  Do you have the skills and knowledge to spend money wisely, save for emergencies, use credit cards sensibly, and protect your identity from being stolen?  This short financial literacy quiz will help you test your financial literacy to see where you need to focus to improve your financial future. A…

Read More

Loan approval tips

loan application

Nobody likes getting turned down for a loan. And although White Sands FCU makes every effort to approve all loan requests, it’s sometimes necessary to deny an application–to protect the applicant’s financial health, as well as the credit union’s. When the credit union denies a loan, it’s because the applicant has either (1) a poor…

Read More

What is your net worth and why does it matter?

eggs in basket one gold

Net worth is pretty simple – it is what you own minus what you owe.  Some people say you shouldn’t include the equity in your primary residence, your household goods or your vehicles.  Others say go ahead and include them.  You can decide – that’s your choice.  In its most basic form, your net worth…

Read More