News Now

Consumer
Resolve to tackle one financial chore in 2008
MADISON, Wis. (1/7/08)--Does your list of financial New Year’s resolutions look at lot like last year’s? The solution: Pick just one item to accomplish--particularly one you’ve been meaning to do for a few years--and you’ll be better off in 2008 than you were in 2007 (Credit Union National Association Center for Personal Finance). For most individuals, the list seems daunting. For example, you know you need to:
* Get financial records organized; * Develop a workable spending plan; * Calculate net worth; * Update--or create--a will; * Designate a power of attorney; * Complete health-care directives; * Decide on a guardian for minor children; * Review current insurance coverage; and * Inventory personal belongings.
But according to savingadvice.com (Dec. 27), it’s not as important which chore you choose first as it is to accomplish one so you’re inspired to keep making progress. And while you’re at it, resolve to increase personal savings this year. You may choose to deposit that year-end bonus in a higher-yield share certificate, or set up automatic transfer to savings from each paycheck. Or, establish an IRA (individual retirement account) at the credit union; by contributing a set amount each month and taking advantage of dollar cost averaging, you’re in a better position to ride out the highs and lows of the volatile marketplace. For more information, read “New Year 2008: New Challenge—And Members Are the Experts” and “Experts' Picks: Home-Inventory Software” in Home & Family Finance Resource Center.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
11 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
14 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
14 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
16 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
16 hours ago
150x172_Home Depot Data Breach SurveyUnite for Good Share your Stories100 Million CU Memberships