Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
4 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
7 hours ago
150x172_Sign up for election newsUnite for Good Share your Stories100 Million CU Memberships