Financial Wellness Blog

8 Steps to Buy a Home

October 31, 2024

The homebuying process can be a daunting one from the outset, but we've broken things down into 8 simple steps. Follow these steps and you'll be on your new front porch in no time.

The Financial Basics of Preparing Your Child for College

April 17, 2024

When your child is getting ready for college, money matters are a big deal. From tuition to everyday expenses, figuring out the financial side of college can feel overwhelming. But with some planning and smart moves, you can make it easier for both you and your child.

Practical Tips for Teaching Your Child About Money

April 3, 2024

As parents, we want to equip our children with the skills they need to thrive in life, and one essential skill is financial literacy. Teaching your kids about money management sets a strong foundation for their future financial well-being. But where do you start? Here are some practical tips for nurturing financial skills in your young child.

HELOC or Home Equity Loan: Which Option is Right for You?

March 12, 2024

For homeowners looking to tap into the equity they've built in their homes, two common options are Home Equity Lines of Credit (HELOCs) and Home Equity Loans. While both allow you to borrow against the equity in your home, they operate differently and serve distinct purposes.

From Starter Home to Forever Home: Using Home Equity to Renovate the Home of Your Dreams

March 6, 2024

Renovating your home can be an exciting endeavor, but the costs involved often make it seem out of reach. However, if you're a homeowner with equity built up in your property, you may have a powerful financing tool at your disposal: the home equity loan.

Intro to Financial Planning: 9 Steps to Attain and Maintain Financial Health

February 27, 2024

Financial planning is not just about managing your money; it's about setting goals, creating a roadmap to achieve those goals, and making informed decisions along the way. Whether you're just starting your journey to financial independence or looking to fine-tune your existing plan, understanding the basics of financial planning is essential.

Credit Card Best Practices for a Healthy Financial Lifestyle

February 19, 2024

Did you know that the average American carries over $5,000 in credit card debt? According to the Federal Reserve Bank of New York, credit card debt in America has risen to a whopping $1.03 trillion. A credit card can be an excellent tool for building your credit and softening the blow in a financial crisis, but you could find yourself bearing the weight of a heavy balance and an insurmountable interest rate if mismanaged.

Bank vs. Credit Union: Where You Get Your Loan Impacts What You Pay

February 2, 2024

When it comes to financing, choosing the right lender is a crucial decision, especially with the overwhelming number of options available. While banks have traditionally been a go-to option, credit unions such as HRCU offer unique benefits that can make a significant difference for when you need to borrow funds.

How to Buy a Car: 6 Steps to Make it to the Driver's Seat

January 25, 2024

Buying a car is a big decision that requires some serious planning and thinking. From figuring out your budget to getting the right financing, it can feel overwhelming. But don't worry! We've got you covered with this guide on how to successfully buy a car.