Pay Fines to Preserve Your Credit Score
Unpaid traffic tickets might not seem like a big deal, but there can be serious consequences. Unpaid traffic and parking tickets often end up going to collection agencies, and that can put a significant dent in your credit score. If you continue to ignore a ticket once it's in a collection agency's hands, not only do you run the risk of getting your vehicle booted, your registration rejected, and your license suspended, but you could also lose serious points from [...]
Four Money Saving Tips
Looking for ways to save money? Try these helpful tips! Curb your impulse purchases by unsubscribing from or turning off smartphone notifications that get you to spend money. Review your spending habits. Look at the things you can cut, i.e., streaming services. Prioritize your needs over your wants. Switch to energy-efficient lighting like LED lights. The average household can save around $225 each year by switching from incandescent bulbs! With the high costs of groceries, try creating a weekly menu [...]
The Earlier the Better: Planning for Retirement
It’s never too early to plan for your retirement. In fact, the earlier you start, the better off you’ll be. Let's talk about a few ways to make the most of your retirement plan! Max out your 401(k) match. If your employer matches your contributions to your 401(k), see if you can contribute the maximum amount. Experts recommend contributing 15% of your pre-tax income to your retirement savings, so take advantage of an employer match to help you get there. [...]
6 Things to Teach Your Kids About Financial Wellness
Meet Rory! At just six years old, Rory has already been a member at Kitsap Credit Union for over a year. Rory collects her savings in her purple KCU piggy bank and happily brings it in for deposit with her mom, Phoenix. "She thinks she's saving up to buy us a new house," said her mom, "But I'm assuming that in 10 years she will want that savings account to go toward her first car." Did you know that children [...]
In Honor of America Saves Week, Here Are 5 Ways To Put Your Savings on Automatic Pilot
Welcome to America Saves Week, an annual call to action initiative that asks you to commit to saving your money consistently. The non-profit organization encourages everyone in the U.S. to get a clear view of their finances, set savings goals, and create a plan to achieve them. Regularly saving money is important in order to afford the things you want to do and have. It’s also incredibly helpful to fall back on when unexpected expenses occur. The simplest way to [...]
PREPPING FOR TAX SEASON: Tips on what you need to know!
Don’t let tax season get you stressed! We have put together simple steps to get your personal and businesses organized and ready to file your taxes in our latest blog. We have you covered with the documents you need to gather, tax forms, critical dates, and more. For Individuals: 1. Gather your receipts. 2. Proof of all income, including income from unemployment, Social Security, earned interest, and investment gains. 3. Proof of interest you’ve paid on your mortgage via a [...]