Financial Fundamentals Blog

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...

Six Tips to Remember as You Start Saving for Retirement

  • Francesca Sacco
  It’s never too early to start saving for retirement. It’s also never too late—even if you have your sights set on retiring in the near future.   No matter where you’re at in your career or how long you have until you retire, a commitment to saving now will pay dividends later in life. As you start saving for retirement, make...

Here’s what you need to know about tax deductible donations

  • Francesca Sacco
Disclaimer: 7 17 Credit Union is providing this information for educational purposes only. 7 17 does not offer tax advice; please consult a qualified tax professional for matters related to your finances.

Digital Wallet Options

  • Francesca Sacco
*This is the final installment in a three-part blog series focusing on digital wallets.

Are digital wallets safe?

  • Francesca Sacco
*This is the second installment of a three-part blog series focusing on digital wallets. Check back for more information.  

The history of digital wallets

  • Francesca Sacco
*This is the first installment of a three-part blog series focusing on digital wallets. Check back for more information.

Ways to help support local businesses during COVID-19

  • Francesca Sacco
Everyone is feeling a pinch from the coronavirus pandemic. Many of our local businesses, which are incredibly vital and unique to our individual communities, have fallen on difficult times. As we strive for some normalcy in our daily lives, we can make an effort to find small ways to help support local businesses.