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Tips and Tricks for Hosting or Attending a Thanksgiving Meal

Posted by August on Nov 14, 2023 12:22:54 PM

Thanksgiving is right around the corner and, if done right, can be one of the year's best holidays. With all of the delicious food, the gathering of loved ones, and the entertainment (football and Macy's Thanksgiving Day Parade), it's a recipe for success. 

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Topics: Seasonal

Great Ways to Save Money Every Day of the Month

Posted by August on Nov 2, 2023 12:53:09 PM

As we kick off a new month before the holiday season, you may be looking for ways to make or save a little more money than usual for upcoming expenses. Check out the blog post below for ways to save every day so that come December, you have a little extra to spend during the holidays. 

And after the holiday season is over, check into our Christmas Club Account for great savings options for next year. 

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Topics: Personal Finance, Seasonal

Vlog: McLeod Health Breast Cancer Awareness Community Panel

Posted by August on Oct 26, 2023 11:38:47 AM

For the October Financial Friday Community Panel, I was honored to be joined by my President/CEO Tim Carlisle; Christina Jackson, Executive Director of the McLeod Health Foundation, and Nicole Spencer, Assistant Director of Oncology Services for McLeod Health, to talk about the McLeod Health Foundation, McLeod Health's upcoming Comprehensive Cancer Center and raise awareness for Breast Cancer.

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Looking for Pumpkins?

Posted by August on Oct 19, 2023 10:58:47 AM

It's officially pumpkin season! Pumpkins make the perfect fall decor, and who doesn't love carving/painting them for Halloween fun? However, with the South Carolina heat, you almost have to wait until later on in the season to run out and grab those pumpkins, or you'll end up with a rotten mess (yuck). But now that temperatures are starting to cool down and Halloween is right around the corner, it is full steam ahead for pumpkin patches. 

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Topics: Personal Finance, Seasonal

What You Need to Know About the New SAVE Plan for Student Loans

Posted by August on Oct 12, 2023 5:29:24 PM

The Biden administration announced the Saving on a Valuable Education (SAVE) Plan in June 2023. The plan will put monthly payments at $0 for many borrowers and save others up to $1,000 monthly. Here’s how to know if you’re eligible and what to do if you are.

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Topics: Personal Finance, Home, Life & School

DIY the Viral Terracotta Jack-O-Lantern with Me

Posted by August on Oct 5, 2023 12:15:28 PM

October is here, which means it is officially spooky season. I love decorating and celebrating Halloween, but in doing so, I like everything to reflect my typical aesthetic, just in a holiday way.

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Topics: Seasonal

"We ❤️ Our Lawyers" Vlog

Posted by August on Sep 28, 2023 9:31:53 PM

On the August and September Financial Friday Community Panel segments, I was joined by two esteemed attorneys, Doug Lineberry and James K Gilliam, Equity Partners Burr Forman LLP for our “We ❤️ Our Lawyers” segments.

Prior to the "We ❤️ Our Lawyers" segments, we took submissions from members of the community with legal questions for our attorneys. Check out the segments below to see some of the questions that were submitted and our attorney's professional opinions:

 

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Topics: Home, Life & School

Passive Income: A Few Options Part Two

Posted by August on Sep 21, 2023 10:47:37 AM

In Part 1 of this series, we defined passive income as money received on a regular basis that only requires a little time or effort after the initial set-up. Now, we’ll look at specific examples of passive income to help you determine which might fit best with your situation and goals. Let’s get into it!

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Topics: Personal Finance

Money Market Account: Here's What You Need to Know

Posted by Carolina Trust Federal Credit Union on Sep 20, 2023 1:41:00 PM

Money market accounts were introduced during the 1970s as a type of mutual fund that brokerage houses sold. At the time, the federal government also capped how much interest local lending institutions could offer customers on the savings account, leaving them at a competitive disadvantage. A few Baby Boomers may recall how banks and credit unions offered incentives such as kitchen appliances and new gadgets to encourage people to open accounts.

But the Garn-St. Germain Depository Institutions Act in 1982 changed everything. The Act allowed local lenders to provide savings options with higher interest rates under the money market account umbrella. Now, working families can choose between a variety of money market products with competitive rates.

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Topics: Investing & Retirement

CD vs Money Market: Steady Returns or Flexibility

Posted by Carolina Trust Federal Credit Union on Sep 13, 2023 1:35:00 PM

Maintaining a diverse financial portfolio helps reduce investment risk and generate greater returns. Part of that balanced approach involves including assets that can be quickly leveraged. Basically, things such as money market accounts and certificates of deposit (CDs) are akin to having cash on hand. The major difference is they generate better interest rates than passbook savings accounts.

If you are considering adding a money market or CD as part of your portfolio strategy, it’s essential to understand the choice is not necessarily either-or. Money markets and CDs are both valuable assets with slight differences. Those CD vs money market distinctions could be simplified by just saying one provides steady returns while the other offers flexibility. But a deeper understanding could help you better prepare to build an actionable portfolio that achieves your financial and quality of life goals. 

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Topics: Investing & Retirement

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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