Cutting the Financial Cord on Your Kids

Cutting the Financial Cord on Your Kids

Kristina Kraus
Greater Nevada Credit Union
It’s natural to want to support your kids, but you don’t want to get stuck paying their phone bill and car registration when they’re out of college and almost turning 30. Many parents struggle when it comes to cutting their kids off. They think there is some magic age when they should stop the financial support, but the question shouldn’t be “when,” it should be “how.”

Because we are all raised differently and face our own life challenges, there is no exact roadmap on how to do this. There are some basic guidelines, however, that can be followed in order to ease off on the financial support.
8/21/15
Back to School Shopping on the Cheap

Back to School Shopping on the Cheap

Kristina Kraus
Greater Nevada Credit Union
Before the school year begins, teachers send out a list of supplies that your children will need in their classes. Initially you may think, how much can a few pens, pencils and notebooks cost? But according to the Huntington Bank Backpack index, the reality is that between school supplies and extracurricular activities, parents will spend an average of $649 for an elementary school child, $941 for a middle school student, and $1,402 for a high school student.  And imagine what that amounts to if you have more than one school age child. Here are some tips for reducing your back to school costs:
8/14/15
How to Ask for a Raise

How to Ask for a Raise

Kristina Kraus
Greater Nevada Credit Union
We all have to work for a living (or at least most of us do). Even though we need a paycheck to survive, asking for a raise is the last thing most people want to do because it can be an uncomfortable thing to do. In fact, many employees would rather look for a new job than ask for a raise.

If you think you may be ready to ask for a raise, take a look at some of the top considerations employers look for when contemplating a pay increase:
7/31/15
How to Avoid Banking Fees

How to Avoid Banking Fees

Kristina Kraus
Greater Nevada Credit Union
No one likes to pay banking fees, and there are many ways to reduce, and even avoid them, by doing a few simple things.

Use Account Alerts Instead of Overdraft

Sure overdraft protection can save you from embarrassment and inconvenience, like being declined at the store when you don’t have the funds in your account to cover a purchase, but it comes at a price. Instead, set up account alerts at your financial institution to get notified about your account activity and balances. For example, you can set up alerts to notify you if your account drops below a certain amount, so you can quickly transfer money into it. 
7/20/15
Celebrating Over a Century of Cooperation

Celebrating Over a Century of Cooperation

Kristina Kraus
Greater Nevada Credit Union
In honor of our country’s recent Independence Day celebration, I thought I’d share some interesting history, specifically that of U.S. credit unions, which have been around for more than 100 years.

Credit Unions’ History

The first financial cooperatives began in England in the early 19th century. From there, the idea of the credit union was born and emerged in Germany a few decades later. These initial credit unions demonstrated democratic governance, a single vote per member, and member-elected directors that were volunteer based. It wasn’t until 1900 that the credit union idea came to North America. It began in Quebec, Canada where the need for affordable loans had risen to aid working-class families. 
 
7/9/15
Overcoming Student Loan Debt

Overcoming Student Loan Debt

Kristina Kraus
Greater Nevada Credit Union
Congratulations! You finally did it. You graduated college and can now start your career and see what excitement the future holds for you. However, if you’re like 70 percent of college graduates, a future of getting married, buying your first home or having kids may be put on hold until student loan debt is dealt with. 

With about 7 out of 10 graduates leaving school with $30,000 in debt, a rich and prosperous future can seem a lifetime away. In order to tackle and overcome your student loans, follow these tips:
6/26/15
Ways to Improve Your Credit Score

Ways to Improve Your Credit Score

Kristina Kraus
Greater Nevada Credit Union
We all encounter obstacles throughout life which can affect our finances, and when our finances take a hit, so can our credit score. A low credit score can affect you in many ways, including your ability to borrow money or even rent a home.

So how does one get their credit score back on track? Here are some simple and effective ways:
6/19/15
How Not to Go Broke While Dating

How Not to Go Broke While Dating

Kristina Kraus
Greater Nevada Credit Union
Whether it’s your first date or you’ve been with someone for years, it can be hard to manage your money while trying to wine and dine at the same time. Depending on where you go, a typical dinner, drinks, and movie date could cost a $100 for the night. If you have a date night once a week, that quickly adds up to over $5000 for the year.  And that doesn’t even factor in a babysitter if you have kids! Luckily, when it comes to dating there is really no need for extravagances so long as you make the effort to spend quality time together.

Take a look at some of these ideas below for some fun and affordable dates. 
6/11/15
Spend Less & Relax More This Summer

Spend Less & Relax More This Summer

Kristina Kraus
Greater Nevada Credit Union
Summer is fast approaching and soon it will be vacation time for many. To make the season more relaxing—and more affordable—follow these suggestions.

Plan Ahead

Spontaneous trips can be fun; however they aren’t always the most cost efficient. By planning a trip beforehand it’s easier to avoid overspending on things like inflated day-of tickets for tours or shows, expensive last-minute hotel rooms, or premium gas prices in towns that are off the beaten path.
 
5/26/15
The Best Apps to Help You Budget

The Best Apps to Help You Budget

Kristina Kraus
Greater Nevada Credit Union
Many of us can remember playing Snake on our Nokia phones back in the late 1990s. By 2008, there were 800 applications and games available for download in the App Store. Six years later, there were 1.4 million apps users could choose from, including apps to identify songs playing on the radio, edit videos, and even detect zombies. Beyond entertainment, today’s mobile applications can also help you get organized, especially when it comes to personal finances.
5/18/15
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