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Ready for a change of scenery in 2021?

Posted December 31, 2020  |   Topics: Wallet Wisdom

They said to stay home. But they didn't say which home.

In 2020, you worked from home. You shopped from home. You staycationed from home. The point is, you might be ready for a change of scenery in 2021. If you’re in the market for a new home, here are four ways to help you save for the down payment.

Three strategies for digging your way out of debt faster

Posted December 31, 2020  |   Topics: Wallet Wisdom

Dig Out of Debt.

Debt has a way of piling up faster than the snow in your driveway. (For our Florida members, use your imagination and try not to rub it in.)

Here are three strategies for digging your way out of debt.

Spending Your Savings on Purpose

Posted December 2, 2020  |   Topics: Savings Tips, Wallet Wisdom

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?

Answers to your home equity questions

Posted November 18, 2020  |   Topics: Home Financing & Renovation, Wallet Wisdom

You've Got Questions. We've Got Answers.

Imagine this: You finally make the exciting leap to start house hunting. You meet up with your realtor, see a few houses in the perfect location… and then you quickly realize there’s an inventory shortage; houses are priced far higher than you imagined and people are getting into bidding wars on houses in your dream neighborhood.

Start saving for the holidays, today!

Posted October 20, 2020  |   Topics: Savings Tips, Wallet Wisdom, Pocket Change

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.

Breaking down the down payment.

Posted October 14, 2020  |   Topics: Wallet Wisdom, Mortgage

Three things to know before deciding how much to put down.

How much should I put down on my new home? Can it impact my chances of getting a loan? How does my down payment affect my mortgage payment? If you’re buying a new home, you probably have questions about the down payment. Here are three things to know before deciding how much to put down.

Making (and sticking to) a budget.

Posted September 9, 2020  |   Topics: Savings Tips, Wallet Wisdom

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.

How to manage your debt and improve your DTI ratio

Posted June 23, 2020  |   Topics: Home Financing & Renovation, Wallet Wisdom

What is DTI ratio?

Before you can improve your DTI ratio, it helps to know what a DTI ratio is. DTI stands for debt-to-income. It’s a comparison of your monthly debt payments versus your monthly income. Your calculated DTI ratio is used to help lenders get an idea of how well you manage monthly expenses, which helps them determine if you’ll be able to repay a loan.