Financial Fundamentals Blog

Important information about the Advance Child Tax Credit Payments

  • Francesca Sacco
As a part of the American Rescue Plan Act, enacted in March, eligible families began to receive Advance Child Tax Credit payments on July 15.

The difference between a personal and a business checking account

  • Francesca Sacco
If you’re a business owner, it’s important to understand the difference between a business checking account and a personal checking account, and to utilize the right checking account for the right purpose.

Financial benefits of working from home

  • Francesca Sacco
While the country returns to normal following the height of the pandemic, many people are still finding themselves working from home. It’s not surprising to learn that working from home can be very different from working in the office. There are new complications.

How Debt Consolidation Affects Your Credit

  • Francesca Sacco
  When you find yourself swamped with debt and facing large monthly payments across multiple accounts, debt consolidation can become an attractive option to create short-term financial relief while also making a long-term plan for debt repayment.   Depending on how you approach debt consolidation, though, this financial relief...

Should I Get My Car Loan Through a Credit Union or a Bank?

  • Francesca Sacco
  Unless you have the available funds to afford a vehicle outright, you’ll need to get approved for an auto loan to cover at least part of the cost of a new vehicle purchase. To do that, you’ll need to line up financing to cover whatever you can’t pay out of pocket.   While the financing part of buying a car might seem less...

6 Advantages Credit Unions Have over Banks, and Why You Should Join One

  • Francesca Sacco
 

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...