Are you a recent college or high school graduate? Or are you newly employed with that big ‘adult’ job? Have you thought about how much you will save, what will you splurge on buying, or what will you do with that first paycheck? As a young adult, and starting a new career, there are some financial decisions you make without thought. Sometimes you say “I’ll look into it later”, so it becomes out of sight, out of mind. You don’t really think about end of life decisions, because you are just starting to live… right! You may think “That kind of stuff is for older people to do”. In reality, you should be thinking about it!

When I started out to write a blog about Vacation Loans I thought it was going to be easy.  But, as I got further into my research, I realized it wasn’t going to be the cakewalk I had originally envisioned.    There is some disagreement out there on whether or not “Vacation Loans” are a good thing or not.  One web site even went so far as to say “Any financial advisor worth their credentials would give an emphatic ‘no’ to using loans, or in other words, go into debt, to go on vacation.”   What??  I was shocked.  I’ve worked here almost 30 years and I’ve always thought they were a valuable option for our members.  But, let’s face it… it does make a little sense. 

Credit affects more aspects of your financial life than you may realize! The ability to buy a home, a car, get a credit card, rent an apartment, or even get a job can be affected by your Credit Score. Your Credit Score is a number that lenders use to determine whether you qualify for credit - and if so, how much interest they’ll charge you. Credit Scores are widely used in lending decisions, and knowing your score should be a vital part of your credit health. Let me share some reasons as to why you should keep up with your Credit Score.  

With so many financial institutions soliciting for your business these days, why should you join a credit union? The answer is simple…….the credit union focus is to help members succeed financially!