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Teaching Kids About Investing by Making a Mock Portfolio

Posted by August on Apr 6, 2022 1:08:21 PM

April is Credit Union Youth Month, and Carolina Trust is celebrating in full swing like we do every year. This year's official youth month theme is "Save Small. Dream Big. at your credit union™, and one day you may have enough to fulfill a financial dream!" This theme makes saving for the future fun and encourages younger members to create financial dreams and work hard to see them through.

Youth Month is a great annual opportunity to engage with our young members and teach them about important financial topics. Taking topics like credit, investing, and budgeting and putting them into terms that kids can understand can be tricky, so I'm here to help!

In this blog post, I will show you how you can teach the kids in your life about investing.

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Topics: Personal Finance, Credit Cards, Youth Financial Literacy

Teaching Kids About Credit: Library Book Comparison

Posted by August on Mar 31, 2022 2:56:54 PM

April is Credit Union Youth Month, and Carolina Trust is celebrating in full swing like we do every year. This year's official youth month theme is "Save Small. Dream Big. at your credit union™, and one day you may have enough to fulfill a financial dream!" This theme makes saving for the future fun and encourages younger members to create financial dreams and work hard to see them through.

Youth Month is a great annual opportunity to engage with our young members and teach them about important financial topics. Taking topics like credit, investing, and budgeting and putting them into terms that kids can understand can be tricky, so I'm here to help!

In this blog post, I will try to explain the concept of credit by comparing it to a library book. If you're not already a cardholder at our public library, now is an excellent time to become one. Not only will your child get to do a bit more reading, but you can use the experience to explain the concept of credit.

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Topics: Personal Finance, Credit Cards, Youth Financial Literacy

March Madness: Lessons in Financial Management

Posted by August on Mar 10, 2022 5:11:34 PM

Every March, millions of Americans get sucked into the craze of March Madness. Whether or not they've seen a college basketball game all season, there's something about building a bracket, tuning in to watch their teams play, and bragging rights when they anticipate a major upset that has so many people hooked.

Although the two have little in common, except that a bit of luck can make you rich (or broke), there are a few financial lessons that we all can learn from March Madness.

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Topics: Personal Finance, Seasonal

3 Things to Sacrifice for Lent That Will Save You Money

Posted by August on Mar 2, 2022 1:28:33 PM

Say goodbye to the masks and king cakes, and hello to the season of sacrifice, Lent. This week, we celebrated Fat Tuesday and the start of Lent. Fat Tuesday(Mardi Gras) is a long-standing tradition in the Catholic Church, where people overindulge themselves in preparation for Lent, the 40 days of fasting and repentance that lead up to Easter Sunday. 

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Topics: Personal Finance, Seasonal

Your Clutter is Costing You

Posted by August on Feb 25, 2022 10:54:56 AM

This tease of warm weather that we've been having is getting me geared up for spring. It's also making me want to go ahead and pull my spring décor and clothes out of the attic.

I typically change out my closet each season to not overload it. Every time I do, I'm reminded of all the clothes that I continue to keep year after year that I don't wear. This year, using the tips from the BALANCE blog below, I'm determined to get rid of the clutter and make more space for things I love.

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Topics: Personal Finance

Important Changes to the Child Tax Credit

Posted by August on Feb 16, 2022 1:50:06 PM

With tax deadlines right around the corner, we want to make sure that you're prepared. Check out the BALANCE blog below about recent changes to the child tax credit, as some changes may impact your financial situation.

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Topics: Personal Finance

Lease vs Buy: Which is Best for My First Car

Posted by Carolina Trust Federal Credit Union on Jan 28, 2022 9:45:00 AM

First time auto buyers have a lot to consider when deciding whether to lease a brand-new car or buy an affordable vehicle they will someday own. While leasing may offer a newer, fancier car with lower monthly payments; obtaining a car loan and buying your first car you will someday hold the title to is very (financially) appealing.

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Topics: Personal Finance, Auto Loans & Car Buying

Ten Great Ways to Spend an Income Tax Refund

Posted by August on Jan 27, 2022 2:41:03 PM

It's that time of year again; W2's are rolling in, tax professionals are gearing up, and your mind is already swirling on how to spend your tax refund check. Once you get through the initial stress of preparing your financial documents and filing your taxes, thinking of ways to spend the anticipated extra money can be exciting. However, don't let the excitement of having a little extra cash in your pocket make you hastily spend it on something you'll regret.

Instead, check out the BALANCE blog below for ten ideas to make the most of your refund money.

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Topics: Personal Finance

5 Real-Life Lessons for First Time Home Buyers

Posted by Carolina Trust Federal Credit Union on Jan 24, 2022 1:15:00 PM

Buying a home in the Carolinas for the first time can be a daunting experience. If you are a first time home buyer, remember that knowledge is power. Below, we present 5 key lessons to remember as you start shopping for your first house.

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Topics: Personal Finance, Real Estate & Home Buying, Home Loans

7 Tips on How to Buy a Car with Questionable Credit

Posted by Carolina Trust Federal Credit Union on Jan 19, 2022 9:15:00 AM

When you have good credit, qualifying for a car loan is easy. However, if your credit is less than satisfactory, the situation is more difficult. Fortunately, it is possible to purchase a car even if your credit isn't perfect. In fact, NerdWallet reports that more than 1 in 5 car loans goes to borrowers with credit scores below 600.

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Topics: Personal Finance, Auto Loans & Car Buying

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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