As the holidays approach, gift cards remain a popular gift option, but they’re also a target for scammers. These fraudsters use tactics like phishing and tampering with physical gift cards to steal funds before they can be used. To protect yourself and your loved ones this season, it’s important to stay aware of these risks.
Having a well-stocked emergency fund is important. But so is saving for retirement. So how do you know which one to focus on? Well, we’ve got you covered. Here’s what you should know.
Halloween is a time for spooky fun, but it can also bring a scare to your wallet if you're not careful. From costumes to decorations and treats, the costs can add up quickly. Here’s how to manage your Halloween budget and keep your spending under control while still enjoying the festivities.
Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
Need a smart strategy to save on essential school supplies? Planning your dream vacation or gearing up for the holiday season? With a club account, you can save for essential school supplies, exciting vacations, and joyful holiday celebrations, making your financial goals more attainable and stress-free.
Yikes! It’s almost time for your child to go to college, and you didn’t save enough for the education you want to provide him or her. But guess what? Your goals may still be within reach with the help of a combination of resources. Before getting stressed out, learn about these 4 ways to pay for college:
Apply for financial aid. Even if you think your income is too high, fill out the Free Application for Federal Student Aid (FAFSA), and see what you qualify for. There also are several state and federal grants available to students for education. Often, they don’t have to be repaid unless the student withdraws from school. Some grants are need-based, while others are awarded for academic achievement. Check with your high child’s school guidance counselor to find the grants you can apply for.
Even if your child doesn’t qualify or receive a scholarship from the college he or she is attending, there are other sources of scholarship money available. Civic groups, religious organizations and businesses often provide scholarship support to graduating high school students in their local communities. Don’t forget to check with your own employer, who might have a scholarship fund for your college-bound children. Trade associations might offer scholarships to students intending to study a field related to the organizations’ missions. No matter the size of the award, those scholarships can pay for expenses large or small to make the cost of higher education a bit easier on your own finances. Learn more in this video “How to Find Scholarships for College”
For many college students, a part-time job can help make ends meet. It’s a good idea for a full-time student to limit the number of hours a week he or she works, however. That way, the job won’t interfere with classes and academic progress toward graduation goals. Working about 10-15 hours a week is reasonable for most students. A steady paycheck (no matter how small) can supplement the financing required for college. Whether it’s an on-campus work study or a job off campus, both also provide critical experience and valuable life skills– WIN-WIN!
If borrowing money beyond the federal loans is necessary, consider private student loans. These are a much less expensive option than using credit cards, home equity lines of credit, or other kinds of personal loans. Most students will need to apply with a co-signer – usually Mom or Dad – in order to obtain a private student loan. Credit unions almost always provide the lowest rates and best terms. We can help you find the right financial solution to pay for your college education!
Learn More about Private Student Loans