What’s The Buzz on NFTs?
If you’ve spent any time online or watching TV over the past year, you’ve probably been inundated with a slew of advertisements promoting “non-fungible tokens,” more commonly known as NFTs. But despite the hype, excitement, and celebrity endorsement surrounding the industry, many still don’t quite understand what an NFT even is, let alone how they work. That’s why we’re here to help navigate the NFT pitfalls you might encounter.
Start Saving and Stop Spending
Credit reports, budgets, goals, and debt can be frightening words and concepts whether you are hearing them for the first time or the hundredth time. They are chilling because they are important in leading a healthy financial lifestyle, but we may not be well-versed in what they mean. Once you become familiar with the world of finance, you can maneuver more effectively through your own financial history to set up your future. Here are some ways to become more comfortable with the wild world of money.
Home Equity Loan vs. HELOC: Which Is Right For You?
Home Equity Loan versus a Home Equity Line of Credit (HELOC) — two financial solutions that sound very similar yet have very different pros, cons, and considerations. So, how do you know which one is right for you? Allow us to give you the breakdown!
Tips for Teaching Kids About Money
There are plenty of skills in life that are learned the hard way. Money management doesn’t have to be! Unfortunately, we can all reflect upon a time when a credit card balance seemed out of control, a large purchase we made felt coerced, or when we asked ourselves that age-old question, "where is all my money going"?
Improve your budget and make your financial goals in 2022
What types of thoughts or feelings come to mind when you read the word "budget?" For some, budgeting comes naturally, a skill that has been with them since a young age. For the rest of us, we may think, “I should be budgeting,” or “that’s scary and I don’t want to think about it, so I won’t.” Wherever you fall in that spectrum, the hard truth is that budgeting is a necessary tool to keep finances in check. Learning the difference between needs and wants can be a humbling experience. Watching debt disappear is a thrilling experience.
Living Paycheck-to-Paycheck: A Credit Union Solution
Making ends meet. A shoestring budget. Scraping by. Scrimping. No matter what you call it, a recent study finds that seven out of ten Americans are now living paycheck-to-paycheck. If you’ve never had to adopt this lifestyle, consider yourself lucky. At NorthPark Community Credit Union, we understand the immense burden that a paycheck-to-paycheck budget can place on you and those you love. The last thing you need is someone wagging their finger at you chastising you for not managing your money better. That’s why we’ve compiled a list of ways you can save money on a month-to-month basis, as well as some solutions unique to credit unions.
Five Fuel-Efficient Cars to Save You Money at the Pump
With gas prices soaring, many Americans are feeling the financial sting at the pump. Stops to fill up are costing anywhere between $70 to $100 on average cars, so it might be time to consider trading in for a more fuel-efficient model.
Refinance Your Auto or Buy new
There are few things more exciting than taking your newly purchased car for that first drive. But more often than not, that excitement fades quickly when you have to make your first payment.
How your credit score is determined, and three ways you can improve it.
Maybe you’ve applied for a loan in the past and the loan officer gives you your credit score. It may be high, it may be low, but you’ve probably wondered how exactly is it measured?
First, credit scores are usually used to differentiate the likelihood that you will pay back a loan, or not. The main consumer credit scoring models, FICO® and VantageScore®, rank consumers using a 300-to-850 score range. The lower the number the more risk a lender sees. The higher the number the less risk there is of you defaulting.
How To Avoid Purchasing Flooded and Fixed Cars
Hurricane Ida is one of the strongest hurricanes to hit the U.S. in recent memory, causing much flooding and devastation. After an event like this, flooded cars often enter the used car market. They may have these cars cleaned up, but flood damage is unpredictable. The many issues caused by water hitting the vital parts of the car will often leave it too costly to repair. Read on to see what you can do to avoid getting into a bad deal.
Why Couples Fight Over Money and How to Prevent It
A recent survey of nearly 1,000 couples who are married, engaged, or in a relationship found nearly 75% said they had gotten mad at their partner because of a financial decision they made without talking about it first. The majority of those decisions were a big-ticket purchase made without discussing it first.
What is the big deal about Bitcoin?
Bitcoin was the very first cryptocurrency and still remains one of the most popular. If it has piqued your curiosity, you’re not alone. You’re also not alone if you have no idea what Bitcoin is or how its value is determined.
Dangers of Buy Here, Pay Here Car Lots
When you want to buy a new car, “buy here, pay here” car lots can be enticing. On the surface, it looks like they are offering good prices for quality vehicles. When something seems to be too good to be true, though, there’s most likely a catch.