Nowadays it is rare to find someone who consistently carries cash with them. In the world of debit cards, cash has not become the norm. In recent years we have also seen a new trend arising - sending money via smart phones! People can now utilize apps to send money to their friends and family! BUT, did you know that we offer this service through our myLiberty app?!
Most college students begin college without knowing a whole lot about how the financial world works. It's not really taught in school, so we can't blame them! Here are a few things to go over with them before they pack their bags.
Are all your friends counting down to their summer vacations here in a few weeks? If you are feeling a bit left out... let's chat about how you can save up for a vacation next year that you can brag about! If you daydream of the beach or NYC, these tips can help get you there.
- Getting approved for an apartment (and setting up utilities)
- Opening a credit card account
- Getting lower interest rates
- Buying a car
- Buying a house
- Getting a job (and holding a company credit card)
- Getting your own cell phone plan
- Getting your own car insurance
Not having credit can make the living on your own phase even harder for young people! Parents, a great idea to help your child obtain good credit is to add them as an authorized user to your credit card account. This doesn't mean you need to hand them a credit card! Make sure you educate them on credit cards first. Another idea: if you plan on buying them their first car add them as a co-signer and they will reap the benefits if the payments are made on time!
There are SO many great features to mobile and online banking other than just being convenient. For example, did you know you can set up a text message alert that will let you know when your balance falls below a certain limit. This is KEY to not having to pay overdraft fees. This simple tool can greatly help eliminate frustration and unwanted fees.
Spring is almost here! Yes, this means warmer weather, but it also means the real estate market is gearing up. Whether you are a first time home buyer or a seasoned pro, everyone needs a brush up on home loans. I mean, a mortgage isn't something you get every day!
Emergency funds are major and if you don't have one - it should be your next financial goal. An emergency fund is essential if you were to ever suffer from a large financial loss, such as losing your job or receiving a large medical bill. Things of this nature happen unexpectedly, so make sure to start saving for your fund today. Here's how...
You've probably heard the term "CD" all of your life, but do you know what it is? It's okay if you don't! It's one of those things that no one ever explains... which is why we are here today!
Happy New Year!!! It's the time to get excited for what is to come this year and make some goals! Let's talk about your credit score today... thrilling topic, we know! BUT, your credit score is incredibly important for many reasons. Mainly, because a great credit score will grant you lower interest rates on future loans! Think about upping your credit score as a financial goal!