Summer is a time for fun and relaxation, but it can also be a time to make some smart financial decisions. If you're a member of NorthPark, here are a few ideas for how you can use your money wisely this summer:

1. Pay down debt.

If you have any debt, this is the perfect time to focus on paying it off. With interest rates rising, it's more important than ever to get out of debt as quickly as possible. NorthPark offers a variety of loan products that can help you consolidate your debt and save money on interest.

View our loan products here!

2. Save for a rainy day.

Even if you're not facing immediate financial challenges, having a rainy-day fund is always a good idea. You can use this money to cover unexpected expenses, such as a car repair or medical bill. NorthPark offers a variety of savings accounts that can help you reach your financial goals.

View our savings accounts here!

3. Save for the future.

High-yield savings accounts are a great option if you're looking to grow your money over the long term. NorthPark offers a variety of savings products that can help you reach your financial goals.

Check out our CD rates!

4. Take advantage of summer deals.

There are a lot of great deals to be found during the summer. From travel discounts to sales on summer clothes, there are plenty of ways to save money. Be sure to do your research and take advantage of the best deals available. In fact, NorthPark is offering a special 7-month CD at 4.75% APY! Take advantage of our highest rates to date and truly make this the SUMMER OF FUND!

Start your Summer of FUND!

5. Enjoy your summer!

Of course, you don't want to spend all summer worrying about money. Be sure to set aside some time to relax and enjoy your summer. Go on vacation, spend time with friends and family, or simply relax at home.

Here are some statistics to help you make informed financial decisions this summer. Did you know:

• The average American household has $137,000 in debt.
• The average credit card interest rate is 16.24%.
• The average American saves $5,000 per year.
• The stock market has returned an average of 10% per year over the past 100 years.

We hope these tips help you make the most of your money this summer.

Sources:

• The Federal Reserve: https://www.federalreserve.gov/
• The National Credit Union Administration: https://www.ncua.gov/
• The U.S. Securities and Exchange Commission: https://www.sec.gov/

Disclaimer:

This blog post is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any financial decisions.