At some point in their lives, most people will need to borrow money. And while some have a friend or family member who is willing and able to lend the necessary sum, this isn't always the case. Furthermore, racking up credit card debt or using the equity in your home by putting another mortgage on the house are not always viable options.
Carolina Trust Federal Credit Union
Recent Posts
Personal Loans vs. Payday Loans: What’s the Difference
Topics: Personal Finance, Personal Loans
Trying to Decide if You Should Refinance Your Car Loan? - Let Us Help
When a borrower wants to refinance car loan terms and payments, the process involves applying for a new car loan to pay off the existing one. Most automobile loans are secured with the vehicle serving as collateral and the borrower making fixed payments over several years.
Topics: Personal Finance, Auto Loans & Car Buying
12 Myths About How to Get Out of Debt
With the Federal Reserve reporting that Americans owe $1.021 trillion in outstanding credit card debt, having the facts about how to get out of debt has become more important than ever before. The good news is getting out of debt does not have to be as stressful, painful, or hard as you might think. Mostly, paying off debt requires focus, a changed perspective on spending, and the ability to separate the myths from the facts.
Topics: Personal Finance, Credit Cards, Home, Life & School, Debt Consolidation
7 Quick Tips About How to Make and Follow a Monthly Budget
Knowing how to make a monthly budget is the important first step to financial freedom. That means retiring comfortably, spending time with your family, and traveling like you always wanted. Monthly budgets, however, aren’t something you can set and forget about. In order to make one work for you and your family, you must always review and tweak it. To help, here are seven tips for improving your monthly budget for your family:
Topics: Personal Finance, Credit Cards, Home, Life & School
How to Create a Budget in 5 Steps
Budgets are a valuable money management tool. Even if you’re happy with your financial health, budgets can keep you from slipping into bad habits. They can even help you save a lot of money. If you’re struggling to make ends meet, budgeting is an excellent way to get control of your spending.
If the word budget makes you think of never-ending columns and rows, don’t worry. There are budgeting methods that make it easier to manage your finances once a budget template is in place. There are even budgeting apps for your smartphone that can keep you on track.
Topics: Personal Finance, Home, Life & School
If You Need a Budget Follow These 5 Easy Tips to Get Started
According to the American Psychological Association's survey, which measures causes of stress, money consistently lands near the top with 61% of Americans reporting money-related anxiety. The biggest factor in this stress is overspending according to CNBC Personal Finance. We worry when total expenses (amount spent monthly) exceed total income (amount made monthly), causing mounting debt.
Create a monthly budget to ensure you do not spend more than you make in a month, forcing you to take on additional debt.
Topics: Personal Finance, Credit Cards, Home, Life & School
12 Ways To Save A Lot Of Money By Changing Daily, Weekly & Monthly Habits
The basic idea behind putting in long work-hours is that our quality of life will improve. Maybe you pull some overtime or go above and beyond to earn a raise or promotion. Regardless of how you go about increasing your salary, there’s an expectation that bank accounts will swell, and life will get a tad easier. One of the things that hold many of us back from saving a lot of money though is controlling our spending.
Topics: Personal Finance, Credit Cards, Home, Life & School
Top 10 Financial Planning Tips For Millennials
As a millennial, you're part of a unique and special generation. You're probably at the exciting stage in life where you're just starting out or you're beginning that career climb. Undoubtedly you want to avoid some of the financial pitfalls that have befallen previous generations, but how can you do so? Read below to learn the top 10 financial tips for millennials today.
Topics: Personal Finance, Credit Cards, Home, Life & School
7 Pitfalls to Avoid When Looking for the Best Mortgage Lenders
If you are thinking about buying a new home, then this is an exciting time; however, buying a home is also a big decision. For this reason, you need to make sure that you take the time to get this decision right. That also means working with the right mortgage lender. Unfortunately, there are a lot of common mistakes that homebuyers may make when looking for a lender. Understand these common pitfalls so you can make sure to avoid them.
Topics: Personal Finance, Real Estate & Home Buying, Home Loans
Need to Refinance? Find the Best Mortgage Lenders: 10 Tips and Tricks
If you are thinking about refinancing your mortgage to a lower rate, then you are probably looking forward to saving money on your monthly payments. You can also go through the refinancing process to tap into the equity in your home to finance home improvements while also consolidating your other debts. At the same time, this is a big decision and you need to work with the best mortgage lenders to get a new home loan that is favorable to your financial situation. When it comes to refinancing your first mortgage, there are a few tips to follow.
Topics: Personal Finance, Real Estate & Home Buying, Home Loans