6 Things to Teach Your Kids About Financial Wellness
Meet Rory! At just six years old, Rory has already been a member at Kitsap Credit Union for over a year. Rory collects her savings in her purple KCU piggy bank and happily brings it in for deposit with her mom, Phoenix. "She thinks she's saving up to buy us a new house," said her mom, "But I'm assuming that in 10 years she will want that savings account to go toward her first car." Did you know that children [...]
In Honor of America Saves Week, Here Are 5 Ways To Put Your Savings on Automatic Pilot
Welcome to America Saves Week, an annual call to action initiative that asks you to commit to saving your money consistently. The non-profit organization encourages everyone in the U.S. to get a clear view of their finances, set savings goals, and create a plan to achieve them. Regularly saving money is important in order to afford the things you want to do and have. It’s also incredibly helpful to fall back on when unexpected expenses occur. The simplest way to [...]
PREPPING FOR TAX SEASON: Tips on what you need to know!
Don’t let tax season get you stressed! We have put together simple steps to get your personal and businesses organized and ready to file your taxes in our latest blog. We have you covered with the documents you need to gather, tax forms, critical dates, and more. For Individuals: 1. Gather your receipts. 2. Proof of all income, including income from unemployment, Social Security, earned interest, and investment gains. 3. Proof of interest you’ve paid on your mortgage via a [...]
Emotional spending: Learn how to get it under control.
Are you an emotional spender? Spending may make you feel better for a moment, but it can spoil all your hard work keeping a budget throughout the year and make you spend more than you can afford. Luckily, there are ways to decrease your emotional spending and positively impact your bank account and emotional state. Give your money a purpose Allocate each dollar you make each month. Break it down by bills, holiday spending, savings goals, weekend activities, etc. If [...]
Online Shopping: Extra precautions to protect your data
'Tis the season of online shopping! You may be ready to take advantage of all the online promotional offers, but are you prepared to do it securely? Shopping online comes with a risk, but you can take steps to protect yourself going forward. Before shopping your way through the internet, look at the reminders below on keeping your data extra safe this Cyber Monday and the rest of the shopping season. Use Credit Cards or PayPal Credit cards offer more [...]
Create A Holiday Budget and Avoid Overspending
‘Tis the season to make your list and check it twice. Creating a list of who has been nice this year is one step in creating your holiday budget. Here are some tips for creating the perfect holiday budget and avoiding overspending. […]