April 26th, 201931119
Georgians received more than $226 million in direct financial benefits during 12 months ending in December 2018
Georgia credit union members enjoy substantial financial benefits, according to the Credit Union National Association’s 2019 Year-end Georgia Membership Benefits report.
According to Datatrac, the research firm behind CUNA’s report, credit unions provided the state’s 2.2 million credit union members $226,584,828 in direct financial benefits during the twelve months ending in December 2018. That means, on average, credit union members received the equivalent of $106 each and that member households received an average...
April 23rd, 201931113
Money has been changing and evolving for the past several years – and so, too, should the way we teach money to our kids.
Your parents likely sat you down for a lesson on balancing a checkbook, but the same lesson won’t help your 21st century kid navigate a financial world made up of credit cards, mobile wallets and online shopping.
Don’t panic. It’s not as complicated as it sounds.
Here are some fool-proof ways to get your kids financially savvy in an increasingly cashless world.
It starts with real money. It’s important for young kids to learn and understand that real money lies behind each of the swipes of your...
April 19th, 201929202
As a parent in the 21st century, you probably understand by now that it’s important to teach your kids how to handle their personal finances.
You’ve heard the statistics over and over again. Students are graduating high school with little or no knowledge of financial literacy. According to a Forbes article, 40 percent of young adults are going into debt funding their social lives while 70 percent are damaging their credit ratings shortly after college graduation.
So you get it – schools aren’t teaching our kids the financial literacy skills hey need to navigate the real world. That means it’sup to the parents. Great....
April 16th, 201929151
The following blog post was written by the Iowa Credit Union League.
According to NerdWallet’s annual analysis of U.S. household debt, the total debt held among American households (including mortgages, auto loans, HELOCs, student loans and more) reached $13.51 trillion by the end of 2018. Further, among the graduating class of 2018, 69% of college students took out student loans, and graduated with an average debt of $29,800.
Debt is daunting and makes individuals feel like being debt-free is an unrealistic dream. But it doesn’t have to be. By teaching and encouraging your children to responsibly manage money from very early on,...
April 8th, 201970181
Not all Georgians feel the strain of poor financial understanding, but as a whole, the state’s financial literacy could use improvement.
According to the National Center for Education Statistics, the United States does not excel in financial literacy. The latest available data from the center’s Program for International Student Assessment shows that the average 15-year-old in the United States tends to score lower on a financial literacy assessment than the average teen in China, Belgium, Canada, Russia, the Netherlands and Australia.
Georgia isn’t the worst of the states when it comes to financial literacy – but it’s not...
April 3rd, 20192698
This post was written by Tina Ramos-Ingold from the California Credit Union League.
One of the best ways to ensure your children grow up financially fit is to give them practice at managing money. And one of the tools parents use is an allowance. But how should you handle an allowance? Here are three suggestions:
Decide the amount. Figure out how much you will pay your children and when (every week, biweekly, monthly). And then let your child know what he or she will pay for with the allowance. You might decide to pay for needs such as school supplies or sports equipment, while they can use the allowance for “fun”...
March 4th, 201931144
On average, Georgians consider themselves adept at protecting their personal information – but research suggests that may not be enough to keep identity thieves at bay.
According to a Georgia Credit Union Affiliates survey featuring about 3,400 respondents, about 85 percent consider themselves to be well-informed consumers when it comes to protecting themselves from identity theft.
That fits with the national trend. Across the U.S.,consumers have become increasingly aware that their personal information needs protecting. Since stories about data breaches have become a regular part of the news cycle after the Equifax breach, the...
February 1st, 201928179
Georgians, like most Americans, entered 2019 hoping to better their finances – but many have likely already fallen off track.
In a Georgia Credit Union Affiliates survey of more than 3,000 Georgians, 52 percent said their new year’s resolution was to get on a budget.
That statistic isn’t surprising; many Americans looked critically at their financial situations as they headed into 2019. Statista, a platform providing statistical data on a variety of topics, polled 2,000 people about their New Year’s resolutions in early January. The survey found financial goals were the fourth most popular New Year’s resolutions, falling...
January 22nd, 20197139
Coosa Valley Credit Union recently shared four easy steps to switch financial institutions with Coosa Valley News, a local news source.
According to the article:
'I wish I could have a better banking experience. I really do not like my bank. Man, I am getting pummeled by bank fees.' Have you said any of these things recently? if so, there is something you can do about it! Many people think that switching financial institutions is a big hassle, but it doesn't have to be. If you're ready to make the switch to another financial institution, check out these easy steps below. 1. Do Your Prep Work2. Open Your New Account3. Move your...
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