With more college debt, a lower employment rate upon graduation and an economy that’s slowly recovering from the Great Recession, millennials (born after 1980) face a different set of financial realities than previous generations.
Congratulations on your new little one, and welcome to parenthood! With a thousand new things to think about – and a lot less sleep than usual — planning for your financial future may seem daunting. But it doesn’t take much to get started down the right road.
Buying a house is a huge milestone, and if you’re a first-time home buyer, it can be pretty intimidating. Getting clear on costs, credit and what you can afford at the outset can make things a lot simpler.
Nothing smells better than a new car, but the process of sorting through options, figuring out what you can afford, arranging financing, and then negotiating can be complicated and nerve-racking. To make the process easier it helps to have a plan for selecting and financing your new set of wheels.
Good credit is something that pays off every day. With a high credit score and good credit history you can qualify for all kinds of perks, including better terms on loans and increased borrowing power. But it all starts with building credit. Let’s look at the fundamentals.
Your credit report is your financial report card. Since it can affect so many areas of your life, including whether you can qualify for a home or car loan, or get a job, it makes sense to understand how credit reports work.
Your child’s teenage years are a great time to help them build strong money management skills. At BECU we’re here to help – with ideas about activities you can do together, tools to help them start building a banking and credit history and tips on helping direct them to make sound financial decisions.
Establishing a relationship with a financial institution is a smart step toward financial security. Let’s review some basic information about the types of financial institutions out there – and what they can offer you.
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