Presented by Lake Michigan Credit Union’s Wallet Wisdom Podcast
With Host Brett Christiansen and Guest Savannah, Girmscheid, LMCU Financial Wellness Manager
In the latest episode of Wallet Wisdom, host Brett sits down with LMCU’s VP of Accounting, Tommy Minchew, and SVP of Finance, Mike Steele, to demystify one of the most talked-about financial topics with this latest decision to maintain interest rates by the Federal Reserve and how it impacts your wallet*. Whether you’re a saver, borrower, or somewhere in between, this episode is packed with practical advice to help you navigate today’s economic landscape.
Budgeting can be tough, especially if debt has already started piling up — or the amount you think you’re spending doesn’t match up with your credit card statement. That’s why it can be helpful to start with a flexible framework that makes it easy to visualize your spending and saving habits, while still allowing you to have some fun with your money.
by Kate McDougall
At any time of year, buying a new home can be both exciting and stressful. But homebuying over the summer offers unique opportunities — with equally unique considerations for a buyer to keep in mind.
2024 was a turbulent year for insurance price increases, and while 2025 is forecasted to be far less severe, price increases are still inevitable. Why is this? And what’s the best way to navigate rising insurance costs — both now and in years to come? Let us give you the low-down on you can lower your annual insurance expenses.
While many people immediately think of credit cards when it comes to borrowing money on an as-needed basis, a home equity line of credit (HELOC) is another, often-overlooked tool you can use to draw funds for countless purposes — at a lower interest rate than most credit cards.
Earn more. Pay less. Dream bigger.
Learn what's happening at LMCU.
Wishing you and yours a Happy New Year!
On behalf of everyone at LMCU, we wish you a happy and prosperous new year. I hope your holidays were restful and filled with the magic that makes this time of year so special.
Debt can pile up fast. But don’t let bills and credit card payments overwhelm you: we’ve got tips, and you’ve got options. One of the simplest, most effective ways to make your finances more manageable is debt consolidation. By consolidating debt, you combine multiple, high-interest loans into a single, lower-interest payment, potentially saving you hundreds of dollars each month.
Earn more. Pay less. Celebrate often.
Learn what's happening at LMCU.
