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Posts Tagged ‘financial planning’

Credit 101: Credit Reports and Scores

credit score

Do you think that your credit score is only important when borrowing money? Guess again. Your credit score, and its accompanying credit report, is being evaluated not only when you want to take out a loan, but also when you apply for a credit card, get insurance for your car or home, rent an apartment,…

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Understanding your debt-to-income ratio

debt-to-income ratio

Have you ever applied for a loan and been told that your debt-to-income ratio was too high? You may have wondered what that meant. Your debt-to-income ratio is the portion of your income that goes to debt payment, and it is a key component of creditworthiness. Lenders consider debt-to-income ratio along with credit score when…

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6 questions first-time homebuyers should ask themselves

6 Questions First-Time Homebuyers Should Ask Themselves

There are certain milestones that mark important times in our lives. Sitting in car for the first time all alone with our new driver’s license, walking across the stage at graduation, completing college or beginning our first full-time job. These all make us take a pause and feel a huge sense of gratification. Part of…

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The Importance of a ‘Fun Fund’

piggy bank

by Claudia Esguerra, CUNA MoneyMix blogger Have you ever gone on a diet and not given yourself a ‘free’ day (or a ‘cheat day’ as some may call it)? What happens after the first few days of walking the line and eating absolutely clean? Well, for some of us, that box of Oreos we forgot…

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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…

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