Money Matter$ Blog | Financial Advice Blog from CFCU - Community Financial Credit Union

Tuesday, November 16, 2021

Picture this: It’s a Monday morning and you wake up naturally to the light coming through your window. It’s a Wednesday afternoon and you’re at home reading books to your grandchildren. It’s Friday and you’re taking in the crisp fall air on a leisurely walk around your neighborhood. With early retirement, you can spend more time with family, enjoy your hobbies, and say goodbye to the 9-5 schedule with a permanent “stay-cation.”

However, early retirement isn’t one-size-fits-all. For many Americans, retiring early sounds like a pipedream. For others, it’s a medical necessity as health problems or family requirements take hold. Whatever the reason you may want to retire early, it’s important to get the facts and start planning early.

Let’s look at a few factors you should consider when deciding if early retirement is an option for you:

Labels: early retirement retirement retirement planning tips for retirement expenses retirement stress stretching money

Tuesday, December 22, 2020

5 Ways to Trim Your Fixed Expenses

When trying to trim a monthly budget, most people don’t even consider their fixed expenses; however, with just a bit of effort and research, most of these costs can be reduced.

Labels: expenses consolidating debt cost cutting refinancing track your expenses

Tuesday, February 18, 2020

How to Create a Budget in 6 Easy Steps

If you’re always wondering how you’re going to pay the next bill, feel guilty when you indulge in overpriced treats and you just can’t find money to put into savings, you might need a budget.

A budget will help you gain financial awareness, which will help facilitate more responsible decisions. Here are 6 easy steps to create a budget:

Step 1: Gather your financial information
Collect all your financial documents and receipts for three consecutive months. This includes all account statements, bills, pay stubs, receipts and more.

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Tuesday, December 10, 2019

6 Ways to Keep Your Finances Intact This Holiday Season

Labels: expenses holiday season track your expenses finances winter 2019

Tuesday, August 6, 2019

7 Steps to a Mid-Year Financial Checkup

It feels like you just packed away the holiday decorations yesterday, but believe it or not, 2019 is already half over. As we sail into the season of barbecues and beaches, take a few minutes to give yourself a mid-year financial checkup. A small investment of time can spur important changes that can affect your financial wellness for the rest of 2019 or even for years to come.

Use the seven steps detailed below to guide you through your checkup.

Labels: expenses budgeting community financial credit union credit score money management investments

Tuesday, July 9, 2019

7 Money Myths You Need to Stop Believing

Most of us grow up hearing the same financial advice: spend less, save more, and invest early. While most of these words of wisdom ring true, there are lots of widespread money management tips that are actually false.

You might think you’ve got a handle on your finances, but it’s likely you’re falling for at least one of these myths. Read on for 7 money myths that might be causing you more financial stress than benefit.

Myth #1: Debit is always better than credit.

Labels: retirement expenses budgeting saving money credit cards community financial credit union money management Mortgages debt money myths

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