Financial Fundamentals Blog

Impulse buying: What it is and how to stop it

  • Francesca Sacco
We’ve all fallen for the temporary excitement of an impulse buy. Something catches your eye at the store or while you’re scrolling online and the next thing you know, it’s in your cart or on its way to your house.

Unemployment fraud: How to tell if you are a victim and ways to report it

  • Francesca Sacco
Fraudulent unemployment claims have reached dramatic levels during the pandemic. Claims continue to rise across the United States, and Ohio is no exception. According to the Ohio Department of Job and Family Services, over 128,000 claims were filed in March of 2021. Of those 128,000 claims, at least 19,000 have been flagged as...

Key Differences Between Credit Unions and Banks

  • Francesca Sacco
If you’ve never been a member of a credit union before, you might have questions about how these financial institutions differ from traditional banks and whether or not they offer the same services as for-profit banks.

How to fund your home improvement projects

  • Francesca Sacco
Spring is the perfect time to refresh your home. But financing your home renovation project – whether it’s a massive overhaul or some quick fixes – depends on your situation. If your bank account leaves you with little option, don’t give up on your plans before doing your research.

How to pay an unexpected tax bill

  • Francesca Sacco
***This article is intended to be informative; for specific tax advice for your situation, consult a licensed tax professional.

8 Financial Mistakes That Will Ruin Your Credit Score

  • Francesca Sacco
  Your credit score is a precious asset to your financial outlook. A great credit score will open doors to low interest rates and pain-free credit approvals that strengthen your financial stability and your purchasing power.   A bad credit score is a roadblock to all of those conveniences and can end up costing you money or...

Tips to improve your credit score

  • Francesca Sacco
2020 was a difficult year financially for many. If the pandemic impacted your finances, it’s a good idea to develop a new strategy for any financial moves you have planned, like purchasing a home or car, or readjusting saving and spending goals.

How Credit Scores Are Determined and Why They Matter

  • Francesca Sacco
  You might not think about credit scores much in your day-to-day life — and if you’re just getting started managing your own money, you might have no idea what your credit score even is.    But while this number might reside beyond your line of sight, it can have huge implications for your short-term finances, and it could...

The difference between a hard credit inquiry vs. a soft credit inquiry and why they matter

  • Francesca Sacco
Did you know that every time you apply for credit, you could be impacting your credit score? Potential creditors or lenders check your credit history each time you apply for a new credit card or loan. Depending on the scenario and the inquiry, you could see a change in your credit score. Here’s a quick comparison of hard and...

IRA Guide: How to Evaluate Different IRA Options for Retirement

  • Francesca Sacco
  Individual retirement accounts (IRAs) are a financial vehicle designed to help American workers save for their retirement. While these accounts are just one type of investment and savings solution that can be used to achieve retirement goals, they’re an important fixture for many consumers. IRAs come in a few different shapes...

6 Things to Consider Before Financing Your New Car

  • Francesca Sacco
When it’s time to buy a new vehicle, auto loans are a popular, low-cost financing option that increases your spending power without gouging your bank account with high interest rates.   Despite the convenience and affordability of auto financing, consumers should still approach financing carefully and make sure that their auto...

Saving for Your First Home: 5 Tips to Remember

  • Francesca Sacco
  Your first home is one of the biggest and most significant purchases you will ever make in your life. That first down payment is also one of the largest amounts of money you will ever have to save to afford a major purchase.   Saving for your first home by setting aside the money for this down payment can require years of...