Monday, December 31, 2018 Thursday, December 27, 2018 Friday, December 21, 2018 Tuesday, December 18, 2018 Tuesday, December 11, 2018 Tuesday, December 4, 2018 Tuesday, November 27, 2018 Wednesday, November 21, 2018 Friday, November 16, 2018 Tuesday, November 6, 2018 Thursday, October 18, 2018 Tuesday, October 16, 2018 Tuesday, September 4, 2018 Tuesday, August 28, 2018 Tuesday, August 7, 2018 Tuesday, July 24, 2018 Friday, July 20, 2018 Tuesday, July 17, 2018 Friday, June 15, 2018 Tuesday, May 29, 2018 Friday, May 18, 2018 Friday, April 20, 2018 Friday, March 16, 2018 Friday, February 16, 2018 Tuesday, February 13, 2018 Tuesday, January 30, 2018 Friday, January 19, 2018
1. Tune your budget
It’s great to start off the new year with a plan. A budget is a plan that starts with the income you expect and your fixed expenses such as your mortgage or rent, insurance, and utilities. The plan incorporates your savings goals, and the remaining money is designated for your other expenses. A realistic budget will help you set your financial goals and will remind you to stick to them. Now is the perfect time to assess last year’s budget or create a new one if you don’t yet have one in place.
But now, the party’s over. You’ve woken up into adulthood and realized that all that overspending is going to cost you big—and it’s going to cost for years to come. Luckily, there’s hope. It’s not too late to fix the financial mistakes we all make when we’re young and blissfully ignorant. Here are six of the most common mistakes people make while in their 20's and how to fix them:
At our partnering high schools in the Plymouth-Canton community (P-CEP, Starkweather Academy, New School High, and Canton Preparatory High School), Community Financial is busy preparing students for the real world!
Education Partnership Coordinator, Kristen La Forest,
instructs teens about the "Ten Things Teens Should
Know About Credit" at Starkweather Academy.
Our high school Education Partnership Coordinator, Kristen La Forest, conducts presentations to help teens become more knowledgeable about financial topics and to ready them for the world beyond high school. One of her most requested presentations is “Ten Things Teens Should Know About Credit,” a 50 minute lesson where students learn the basics of credit card use, credit scores, and credit card fraud.
Check out our handy list of ways you can make the holidays count while still getting some of that much-needed rest and relaxation you’ve been craving all semester. You can still get your beauty rest and sleep in, only not until noon – well, at least not every day.
1. Phishing emails
Phishing scams abound ahead of the holidays. They can take the form of bogus delivery confirmation requests seeking your information or even a personalized letter to your child from “Santa.” Never share personal information online with an unverified source.
The winter months put extra strain on families and some are forced to choose between paying utilities and putting food on the table. Community Financial remains dedicated to supporting the fight against cold and hunger in Michigan each winter.
1. Look left
When looking at a menu, most people’s eyes drift to the right. Restaurants know this and purposely put their most expensive items on the right side of the menu. Check out the left side of the menu for cheaper options, or appetizers that can make a full meal, before looking right.
Set a Budget
Start by creating a budget that works with your plan and your wallet. Write a list of all the people you want to buy for and set a dollar amount for each person. Don’t forget smaller items such as stocking stuffers. If you think you will overspend with credit cards alone, consider using cash to stay within your budget.
Community Financial is excited for our first year in partnership with Grand River Academy in Livonia! Partnering with Grand River Academy marked Community Financial’s 50th Student-Run Credit Union! Our Student-Run Credit Union program provides students with a fun way to learn real-life skills. Each student who would like to volunteer to work at the Student-Run Credit Union will go through an interviewing process similar to what adults experience. Grand River Academy’s fifth and seventh grade students recently learned how the interviewing process works.
Education Partnership Coordinator, Amy Pashukewich,
instructs potential student hires on how to conduct
themselves in an interview setting.
Our Education Partnership Coordinators first teach students the importance of filling out an application in their best handwriting, dressing well for an interview, smiling and making eye contact. First impressions are incredibly important, and students are given the opportunity to practice these skills at a young age! Here are Grand River Academy’s very first potential “hires!”
Community Financial is proud to partner with Moraine Elementary in Northville for our 18th year in partnership! The students at Moraine participate in our Student-Run Credit Union program, which helps them learn and develop money management skills.
Moraine Elementary Student-Run Credit
Union fall volunteers!
Selected fourth grade students are “hired” and learn the business of banking as credit union tellers, branch managers, marketing representatives, computer operators and accountants. Moraine students are future leaders in the making!
Kristen La Forest, our high school Education Partnership Coordinator, created a “Senior Checklist” for 12th grade Advanced Marketing students this past school year at the Plymouth-Canton Educational Park. She interacted with these students as they ran our credit unions at P-CEP. This checklist ensured students were financially ready for the world of credit cards, credit scores, savings and checking accounts.
Community Financial has exceptional partnerships with high schools in the Plymouth-Canton area. We are partners with P-CEP, Starkweather Academy, Canton Preparatory High School, and New School High. We have also conducted presentations at Northville High School and Clarenceville High School.
Education Partnership Coordinator, Kristen La Forest, runs our high school partnerships and prepares high school students for financial success. Mrs. La Forest creates and gives presentations to high school students on topics such as fraud, credit, credit scores, checking accounts, interviewing techniques, financial aid, etc. She is a wonderful resource for high school students just beginning to explore and navigate the financial world! Here are some pictures of Mrs. La Forest presenting the topic “Teens and Fraud” to students at Starkweather High School.
Education Partnership Coordinator, Angela Corbin,
posing with her Lewiston Elementary Spring Volunteers.
Student-Run Credit Unions in the North! Community Financial has school partnerships in five schools near our northern branches. Students in Gaylord Intermediate, Lewiston Elementary, Atlanta, Gaylord St. Mary’s, and Hillman Intermediate schools participate in our Student-Run Credit Union program.
Our Education Partnership Coordinator, Angela Corbin, works with schools in these areas to help educate the youth in northern Michigan. Here are some pictures of Angela with her student volunteers at Lewiston Elementary School!
Thornton Creek Students Lead with Parent Support!
Community Financial has continued to grow its Student-Run Credit Union program since it began in 1990. Thornton Creek Elementary School, in Northville, was an added partnership in 2004. Since then, the Thornton Creek “Gators” have been expert savers!
Education Partnership Coordinator,
Karie Gonczy, poses with one
of her branch managers.
Fourth grade volunteers run the Student Credit Union at Thornton Creek, and parents like to get involved too! With the high volume of student savers at Thornton Creek, parent helpers are a welcomed asset to the program. Parent helpers assist students in counting money, record keeping, and professionalism. Education Partnership Coordinator, Karie Gonczy, assists students and parent helpers in having an exceptional experience!
Check out these photos of some of our amazing parent helpers!
Seventh and eighth grade Life Management classes from Liberty Middle School in Canton participate in Mad City Money. This program is a reality simulation designed to engage students in making tough budgeting choices as if they were an adult. Students begin the simulation by picking a profession and are given a set salary.
Life Management teacher, Colleen Ramirez, helps students
make wise choices at the Mad City Money “Mall” station.
They are also given credit card debt, student loan payments, and healthcare costs. During the simulation, students must purchase their transportation, housing, child care, home essentials, food, and clothing within their means. In the end, the goal is for students to have built a monthly budget that leaves $100 in their checking account.
Even though Webster Elementary School is only in its third year of partnership with our Student-Run Credit Union program, the students at this elementary school in Livonia are already learning valuable, transferable work skills. Every student that would like to volunteer at our Student-Run Credit Union branch must fill out a job application and participate in a job interview.
A Webster 5th grade student
(dressed for success) posing with
his completed job application!
Our Education Partnership Coordinators teach students the importance of filling out their applications legibly, truthfully, and accurately. Some students at Webster even turn in attached resumes with their job applications! There are some amazing students at Webster Elementary!
P.O. Box 8050
Plymouth, Michigan 48170-8050
Monday, December 31, 2018
Thursday, December 27, 2018
Friday, December 21, 2018
Tuesday, December 18, 2018
Tuesday, December 11, 2018
Tuesday, December 4, 2018
Tuesday, November 27, 2018
Wednesday, November 21, 2018
Friday, November 16, 2018
Tuesday, November 6, 2018
Thursday, October 18, 2018
Tuesday, October 16, 2018
Tuesday, September 4, 2018
Tuesday, August 28, 2018
Tuesday, August 7, 2018
Tuesday, July 24, 2018
Friday, July 20, 2018
Tuesday, July 17, 2018
Friday, June 15, 2018
Tuesday, May 29, 2018
Friday, May 18, 2018
Friday, April 20, 2018
Friday, March 16, 2018
Friday, February 16, 2018
Tuesday, February 13, 2018
Tuesday, January 30, 2018
Friday, January 19, 2018