Everyone loves payday, but too many employees don’t know how to allocate their paycheck in a way that best serves their financial needs. Use the tips outlined below to learn how to manage your paycheck responsibly. Automatically Deduct Contributions Your first step in managing your paycheck is making sure you are deducting the optimal amounts.
Spend less, save more, pay down debt — how can you make 2022 the year you actually stick to these and other financial resolutions? To help answer that, we’ve compiled a list of tips. Set Measurable Goals Don’t just resolve to be better with money this year. Set realistic, measurable goals to help you stay
As 2021 draws to a close, take a moment to go through this year-end financial checklist to ensure your finances are in order before the start of the New Year. REVIEW YOUR BUDGET Is your current monthly budget working for you? Are you stretching some spending categories or finishing each month in the red? Take
The holidays are coming and it’s time to hit the shops! Unfortunately, suppliers are cautioning us to expect supply shortages, shipping delays, and higher price tags. Here’s what to expect during this holiday shopping season. Supply Shortages Seen any empty store shelves recently? Suppliers are struggling to stay ahead of shopper demands while catching up
What to Do with Your First PaycheckAs part of the changes you’re gearing up for in the months after you graduate, you’re poised to enter the working world as a long-term employee, perhaps for the first time in your life. As you prepare for this transition, you might have dollar signs dancing in your head
If you’re ready to save but you don’t know where to begin, DoverPhila Federal Credit Union can help. Step 1: Set a goal What’s your secret (or not-so-secret) financial dream? Do you want to open your own business? Explore the Australian Outback? Buy a boat? What are your long-term financial goals? Do you want to
You might be one of the many Americans who are worried about making rent or possibly under the threat of being evicted. You also may be wondering how this process can impact your credit scores. While an eviction itself won’t end up on your credit report, not paying your rent on time can negatively impact your
Congratulations! You’re expecting a baby and you’re breathless with excitement — and nerves. A baby means big changes, and a part of those changes is lots of new expenses. How will you pay for it all? We’ve got the tips you need to prepare financially for a new baby. Pay down debtDon’t let your debt
After four years of late-night cramming sessions, a grueling class schedule, and too many term papers to count, the big day is finally within sight. Graduation! You can hardly wait to toss your cap into the air and start making your mark in the big wide world. As you count down toward graduation, don’t forget
What makes us overspend? Let’s look at five common reasons and how we can overcome them. 1. To keep up with the JonesesWhen people who seem to be in the same financial bracket as us can afford another pair of designer shoes for each outfit, we should be able to afford them, too, right? Break
Here’s how to enjoy a romantic evening with your partner without going into debt: Work with a budgetWe know your partner means the world to you, but that doesn’t mean you need to spend the world proving it. Designate a budget for all your Valentine’s Day expenses — and stick to it! Use a sales
Trends and stats in real estate are constantly changing, especially during the unstable economy of COVID-19. Here’s what you need about the real estate market today. Is it a buyer’s market now? Pickings are slim for homebuyers right now, giving sellers the upper hand and driving up prices for buyers. Low supply also means homes are
WHAT TO DO WITH YOUR FIRST PAYCHECK As part of the changes you’re gearing up for in the months after you graduate, you’re poised to enter the working world as a long-term employee, perhaps for the first time in your life. As you prepare for this transition, you might have dollar signs dancing in your
The holidays will look different this year because of the COVID-19 pandemic, which is why most people will try harder to make the season brighter. But you don’t have to dip into the kids’ college savings to create a special time! The most important thing to remember is a plan with a set spending amount
It’s supposed to be the most wonderful time of the year; but for many, the holidays can be an expensive time. From gifts to decorations to wrapping paper to special events, it’s easy to overspend and possibly even go into debt paying for all the extras. In 2019, Forbes reported on a Gallop poll showing
When trying to trim a monthly budget, most people don’t even consider their fixed expenses; however, with just a bit of effort and research, most of these costs can be reduced. 1. Consider a refinanceTrim your mortgage payments by refinancing at a lower interest rate. It will cost a bit, but you can roll closing
Credit cards and debit cards offer incredible convenience; but, is it a smart idea to pay monthly bills with them? Choosing to pay a bill with a card can have a significant impact on your general financial wellness. It’s important to consider the many variables of this decision before going ahead with it. Let’s inspect
It’s no secret that the IRS excels at making things complicated. And when you’re busy learning the ropes of a new job, trying to fill out a 4-page W-4 form can be a huge hassle. It’s not a good idea to rush through it, though, because a small mistake now can mean withholding too much
Credit scores can affect you more than you know. Employers look at credit scores. Landlords look at credit scores. Bill providers look at credit scores, and they might decide to charge you if yours gets too low. With all this pressure, you’ve no doubt started working on some good habits for improving your credit score.
Using credit cards responsibly is a great way to boost credit score and financial wellness. Unfortunately, though, credit-card issuers make it challenging to stay ahead of monthly payments and easy to fall into debt with credit-card purchases. No worries, though; DoverPhila Federal Credit Union is here to help! Here is what you need to know
