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.
Three Ways to Make the Most Out of Your Savings.
You’ve made a budget. You’ve stuck to your budget. And you’ve finally managed to have money left over at the end of every month. Congratulations! Now comes the tricky part: what to do with that extra cash?
The holiday countdown has begun.
Soon Halloween will arrive and, days after, retail stores will immediately change displays and advertising over to winter holidays. The average consumer spends around $1,000 during the holiday season, according to the National Retail Federation. Perhaps COVID-19 has changed your financial situation this year. Now is a great time for families to think about saving up before the winter holidays.
Four Steps to get You Started.
Making a budget can be intimidating. Sticking to it can feel impossible. But a budget simply tells your money where to go. So if you’ve ever uttered the phrase, “Where does all our money go?”, here are 4 steps — and a few tips — for making and sticking to a budget.
Both NerdWallet™* and Kiplinger** have rated LMCU's Prime Platinum Visa one of the best low ongoing interest rate credit cards in the nation.
From changes to our normal policies to special loan offerings, here are a handful of ways we’re here to help.
Right now, we could all use a little extra. With 3% Max Checking, you can earn up to nearly $450* extra every year in interest.
NerdWalletTM recently ranked our Prime Platinum the best low–rate card in the country.**** With an interest rate as low as prime + 3.00% (7.75% APR†), plus no annual fee, it’s the ideal card if you carry a month-to-month balance, or want to consolidate high-interest debt.
