Helping Small Businesses
Credit unions are not-for-profit, community-based, member-owned financial institutions that are uniquely positioned to help America’s more than 27 million small businesses. They return yearly profits to their members in the form of lower interest rates on loans, lower fees on accounts, and better interest on savings accounts—including business accounts and loans. They also offer smaller business loan amounts, which can be a huge advantage for entrepreneurs who are just starting out.
Beyond these dollars and cents advantages, credit unions are operated on the principle of “people helping people.” What this means for small businesses is a more personal, local approach to loan approval—often a big hurdle for the new small business. The approval process is more likely to include the credit union’s own interactions with the applicant than a big bank’s universal application process.
Sell or Trade?
So you’ve decided to buy a new car. Congratulations! Now comes the decision of what to do with your old car. These steps can help you make the choice that’s right for you.
Research Your Car's True Value
The first bit of research you'll want to do is establish the current value of the vehicle you are going to sell or trade in. Kelly Blue Book is a good place to start. Many other Internet sites and buying guides are available to assist you in your research. Make sure the information you are looking at is current, as prices can vary greatly from year to year. Don’t forget that other factors, such as mileage, accident history, maintenance records, and general appearance, will factor into the amount a buyer is willing to pay. The sentimental value you place on your car may be just that. “Your baby” may not be as charming to others as you think.
Raising a child is one of the most significant times in many parents’ lives. Not only does preparing for a child come with all the excitement of a new family member, but it also comes with a great deal of responsibility. Being financially prepared for a child is much more than purchasing clothes and food. Studies show that raising just one child from birth to age 18 can cost upwards of $200,000. In times of economic instability, it’s necessary to plan for the future of your family from the very start. Here are some things to consider:
Making Room for New Things
As you begin to make ready for a child, start by assessing all the things in your home. What can you donate or throw away? With a child on the way, you will need to make room for new purchases. Preparing a nursery or bedroom for a child takes space and money. Buying a crib, baby-proofing your home, and even investing in a larger family vehicle are all things to consider before the baby arrives.