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How to Create a Budget in 5 Steps

Posted by Carolina Trust Federal Credit Union on Feb 1, 2021 2:09:00 PM

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. 

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Topics: Personal Finance, Home, Life & School

Super Bowl Snacks

Posted by August on Jan 29, 2021 4:07:43 PM

You may not be able to have the big super bowl party like usual, but there is one festivity that you can still enjoy, the snacks. Whether or not your team wins, you'll be sure to score it big in the kitchen with these delicious recipes from Chef Jamie Daskalis, Owner of Johnny D's Waffles and Benedicts.

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Topics: Seasonal

If You Need a Budget Follow These 5 Easy Tips to Get Started

Posted by Carolina Trust Federal Credit Union on Jan 27, 2021 2:08:00 PM

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. 

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Topics: Personal Finance, Credit Cards, Home, Life & School

12 Ways To Save A Lot Of Money By Changing Daily, Weekly & Monthly Habits

Posted by Carolina Trust Federal Credit Union on Jan 26, 2021 2:08:00 PM

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.

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Topics: Personal Finance, Credit Cards, Home, Life & School

Top 10 Financial Planning Tips For Millennials

Posted by Carolina Trust Federal Credit Union on Jan 25, 2021 2:07:00 PM

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. 

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Topics: Personal Finance, Credit Cards, Home, Life & School

Cold, Calculated Savings: Items to Buy in Winter

Posted by August on Jan 21, 2021 4:20:24 PM

Everyone knows the old trick of buying items on sale right after a holiday, but what about seasonal sales? Do you know which things are best to purchase during the cold winter months? Check out the blog post below from BALANCE for items that you should go ahead and check off your list during the winter, while they're typically a little cheaper.


Every December you are bombarded with suggestions (some subtle, some not-so-much) for items to buy for the holidays. But what about items to buy AFTER the holidays? If you can wait a few days or weeks, you could land yourself some outrageous deals. In fact, if a loved one wants an item on the list below, you might even want to give them a gift card and advise them to pick it up when it goes on sale. That way, they not only get what they want, but they also get more money to spend on other desired items.

Jewelry

The period between the December holidays and Valentine’s Day is slow for the bling business. In fact, if you are planning on buying your significant other some adornment for Valentine’s Day, the prices in early January could be drastically different from what they will be a month later.

Two wheels and a seat

If you are in a cold weather part of the country, folks in your area don’t think of winter as the best time to ride with the wind in their face. As a result, they tend to not buy their new wheels then. Retailers know this and are desperate to move motorcycles and bicycles after the holidays. If you were planning on getting a set of wheels, look for special sales and other deals in the first part of the year.

A house

It’s almost an iron-clad guarantee: if there’s enjoyable or rewarding activity that you really wouldn’t want to do in winter, you can score a deal on it during January or February. That goes for buying a home too. Most people don’t want to scrape aside snow to get a closer look at a patio or deck. If you can find a property that has already been on the market for a few months and doesn’t look to be going anytime soon, you might be able to get the seller to accept a low-ball offer.

Video games

Games have become a hugely popular holiday gift request for people of all ages. Retailers know this, filling their prices with helium to see how high people will jump to catch them. After the holiday a lot of the price inflation has leaked out and the cost comes back down to earth, perhaps even at the lowest level of the year.

Cameras

The big electronics trade shows happen in January and February, which means new camera models are unveiled. If you can wait until after these shows are over, you can get a perfectly fine “old” model at a great bargain.

Things for next winter

Whether it’s holiday decorations or winter clothes, the “Stock-up and Stash” approach can save you a bundle, if you’ve got the room. However, avoid paying $100 per month for a storage locker so you can provide a home for your “deals.”

A vehicle

Usually by January the newer model of most every vehicle has been out for a few months and dealerships are trying to push out the last of the “old” models from their stock to make room for the new fleet.  They need to sell, so sharpen your negotiating skills!

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Topics: Seasonal

Beauty Must-Haves According to a Professional Stylist

Posted by August on Jan 15, 2021 3:19:12 PM

If you're a beauty product lover like me, you know how difficult it can be to decide which products are most essential to pack on a trip, throw in your bag for touch-ups, or get rid of when you're running out of space. Honestly, I follow the same rule for beauty products that I follow for clothes; you only get rid of them to make room for more. Luckily, I have Professional Stylist, Jaimie Maynor's help when it comes to narrowing down my must-have products.

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Topics: Home, Life & School

Make 2021 The Best Year Yet!

Posted by August on Jan 7, 2021 8:40:45 AM

 

As we're kicking off the first week of the new year, I'm sure your social media feeds are full of "New Year, New Me" posts and talk of resolutions. I'll admit, I'm guilty of picking a new year's resolution each year, and like most, I typically fall short before January is even over. 

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Topics: Home, Life & School

Always August Giveaway

Posted by August on Dec 30, 2020 10:06:11 AM

Here's to us, we made it through the holidays! Although the holidays are my favorite time of year, I always feel like I need a vacation afterward. Unfortunately for me, there's rarely any vacation change to spare after buying gifts for all my loved ones. However, I'm so thankful that I could gift my loved ones with unique presents from some of my favorite local businesses and have the opportunity to gift one lucky winner with a prize pack from these great stores. 

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Topics: Home, Life & School

Santa's Christmas Cookie Recipes

Posted by August on Dec 24, 2020 11:52:52 AM

Can you believe it's already Christmas Eve? I feel like there are still so many things left to do. Luckily, I was able to cross baking cookies for Santa off of my to-do list last night. Growing up, we'd make a big batch of Christmas cookies a day or two before Christmas to take to different Christmas gatherings, and we would always save a few to set out for Santa. Santa wasn't the only one who got a treat; we always made sure to leave carrots for the reindeer too! We may have even left carrots for Santa instead of cookies a few years because my mom insisted that Santa was dieting.

This year, I requested cookie recipes from Carolina Trust employees so that Santa could have a new variety. I'm not going to lie this close to Christmas, I may have snuck a few cookies, but they were specifically for taste testing purposing. I wouldn't want to give Santa a nasty cookie. He would put me on the naughty list for sure!

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Topics: Home, Life & School, Seasonal

Carolina Trust Federal Credit Union Blog 

Welcome to the Carolina Trust Federal Credit Union Blog! We're excited to share financial tips and information for a variety of different topics.

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Check out recent blog posts by our Brand Ambassador, August, for tips on achieving financial success in the bag. 

 

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