Published on December 29, 2021
A look back
We hope you’ve enjoyed our blog site over the past year. We’ve done our very best to share information that allows you to better understand your finances. In case you missed any of our blogs, we’ve put together a “Best of” top 4 subjects for you.
Talking about credit scores and interest rates
As your credit union, your financial well-being is the most important thing to us. One of the best tools in your financial toolbox is your credit score.
In 2021, we set out to help you better understand your credit score, we talked about our switch to using VantageScore, and we dug deep into interest rates and how they affect your monthly, and overall, budget. We hope you enjoyed them and perhaps learned a few things that helped make 2021 a great year.
- Learn about interest rates.
- When’s the last time you checked your credit score?
- Let's talk about your credit score.
How your mood can affect your spending habits
You’ve likely heard the old expression that you should never go grocery shopping when you’re hungry; you end up with a bunch of junk food in your cart just because you want it at that moment. Stress can act much in the same way, causing you to spend recklessly and then regretting those purchases later on. Stress can also stop you from spending altogether, even on things that are necessities. It’s important to realize that when you’re under stress, it might be a good time to hit “pause” before “purchase.”
Together, WE made It
We were overwhelmed by your support of the Community Choice Foundation in 2021. We set an annual fundraising goal of $100,000 and were overcome by your generosity. Because of you, we were able to fully fund the Scholarship Program through your donations. This blog was our way to say thank you. Your generosity was truly inspiring. We also introduced you to the new members of our Circle of Scholars; the 25 students/professionals who earned scholarships in 2020-21.
Golden rule of savings: make yourself a priority
It seems that our lives are busier now than ever before. Many of you tend to take care of others before you think of yourself. While that is admirable, sometimes you have to put yourself first – if for no other reason so that you’re able to provide and care for others. This is true with your finances too. You have to make yourself a priority. You can do this by making it a rule to pay yourself first, even if it means something, or someone, has to wait. This philosophy can help you build a savings account that can provide stability should an emergency occur. This blog was a great reminder of why “you” are important.