The stress involved in being a care provider for your parents is twofold: You want to make sure they’re not in pain, while making sure that you don’t hurt yourself financially. The balance is a delicate one.
Whether its a new checking account, mortgage refinance, or just life in general, Ideal Credit Union's blog offers personal finance and money management information that's enlightening.
A dear friend of mine died in his sleep a few months ago. He was three weeks younger than me. I am still in shock at his loss. We had many adventures together and I loved and respected him both personally and professionally. He made me a better person, writer and human.
Two years ago we bought a house to accommodate the growing family in a nice suburban neighborhood, in a cul-de-sac, with a nice yard. Twas a nice upgrade from our townhome purchase, however it comes with a bit of a larger mortgage payment and some yardwork.
When faced with two big financial priorities, such as paying off old debt and saving for retirement, it can be easier to focus on just one. For people repaying student loans for themselves or their children, for example, 38% weren’t able to put money away for retirement, according to a 2015 survey from the National Foundation for Credit Counseling and NerdWallet. But there are ways you can contribute to retirement savings even while paying off student or other debt.
Neglecting either one can be a losing proposition. If you focus just on repaying debts, you can lose out on potential investment returns from money placed in a retirement account. On the other hand, you don’t want to pay more interest on debt than you need to. So here are a some steps to help you save while reducing what you owe.
Earlier this year I had the opportunity to speak publicly at a conference. This was my first speaking engagement of this nature and size. Throughout my preparation I kept asking myself, what was I thinking when I said yes? Public speaking is listed as the number 2 fear on several lists and on many others it is listed at number 1.
With the college rush approaching and registration for fall classes filling quickly, it’s important to think about paying for college. After my first year at Minnesota State University, Mankato I’ve learned that there is so much more to pay for than just room and board.
In 2005, Ideal Credit Union (formerly Postal Credit Union) established the Ideal CU Community Foundation, a nonprofit 501 (c) (3), to focus on strengthening the quality of life in the greater Twin Cities metro area by investing in education, financial literacy and our communities. The foundation’s goal is to build an endowment fund to fill the gaps in education funding and provide financial support for other initiatives outlined in its mission statement, including early childhood education, local food shelves and food programs, veterans’ organizations, affordable housing programs and more.
If you need to finance a major purchase or project when you’re short on cash, you might be able to tap a resource you didn’t realize you could: your home. Home equity loans let you borrow against your home’s value. To decide whether such a loan can be productive for you, it’s good to know how it works and how much you can borrow.
Helping others comes in many forms. You can help out a friend in need, help your grandparents with yard work, donate funds to a local charity, the list goes on. These are all great deeds that I encourage anyone to make part of their daily lives. However, one special form of helping others is volunteering. There is something exceptional about people who give up their time, and a peace of their heart, to help others who in most cases may be complete strangers.