Financial Fundamentals Blog

How to Travel Safely during the Coronavirus Pandemic

  • Francesca Sacco
Are you debating whether to cancel your summer vacation this year due to the COVID-19 pandemic? While there’s no way to completely eliminate the risks of contracting COVID-19 while traveling, there are precautions that you can take.

Should you use your emergency fund during the pandemic?

  • Francesca Sacco
COVID-19 has caused financial problems for millions of Americans, and while the local economy is starting to operate again, many people are still in a financial pinch. If you’ve started an emergency fund, you may have begun to dip into it. But before you drain that account, consider some alternatives. We’ve compiled a list to help you weigh your options before using/draining your emergency fund.

How the CARES Act Affects Student Loans

  • Francesca Sacco
The Coronavirus Aid, Relief and Economic Security Act signed into law March 27 introduced several new measures to help individuals and businesses struggling during the COVID-19 pandemic. For most student loan borrowers, the CARES Act automatically suspended certain federal student loan payments and reduced interest to 0% through Sept. 30, 2020. Because the pandemic has affected everyone differently, student loan borrowers have several options to consider when paying their federal student loans.

How to use your Economic Impact Payment Wisely

  • Francesca Sacco
The United States Treasury Department and the Internal Revenue Service have begun to distribute economic impact payments to the majority of Americans in an effort to provide financial relief from the ongoing pandemic. Given the uncertainty surrounding the pandemic, it’s best to make sure your using your payment wisely.

Common Tax Mistakes That Could Cost You

  • Francesca Sacco
Tax season can be overwhelming, especially if you choose to prepare your own taxes. Rushing to get your taxes filed before the April 15, 2020 deadline can increase your chance of an error, which can delay your refund, trigger an audit or cause you to pay more. Most of the mistakes that taxpayers make on their tax returns are fairly simple ones. We’ve compiled a list of the more common mistakes taxpayers make when filing taxes and some tips on how to avoid them.

Understanding your Payroll Deductions

  • Francesca Sacco
Direct deposit is wonderful, but if you’re not taking the time to review your pay stub now and again, you could be missing crucial mistakes. Learn about common payroll deductions to help make sure you’re being paid all you deserve.

Make a difference on Giving Tuesday

  • Francesca Sacco
Looking to spread some cheer this holiday season? Find a way to participate in Giving Tuesday. Giving Tuesday is a global day of giving fueled by the power of social media and collaboration. The movement is celebrated on the Tuesday following Thanksgiving (this year, it’s Tuesday, Dec. 3), and kicks off the charitable season when many focus on their holiday and end-of-year giving. There’s no single way to participate. Donate your time or money to local, national or global organizations to help make a difference.

7 17 Credit Union Scholarship Applications Now Available!

  • Francesca Sacco
Are you a high school senior or college student looking to defray the costs of higher education or trade school? 7 17 Credit Union is committed to helping students succeed! That’s why we offer 12 $1,500 scholarships for post-secondary education at accredited schools and universities! Applications are now available.

Tips for Relief from Financial Stress

  • Francesca Sacco
78% of Americans are living paycheck to paycheck. Watching your bank account dwindle while the bills pile up can take a hefty toll on all aspects of your life. Before you let financial stress consume you, check out these tips for relief.

7 17 Credit Union now offers Members Medicare Plan Options

  • Francesca Sacco
7 17 Credit Union has partnered with TLC Insurance Group to offer Medicare plan options to members.Whether you’re new to Medicare, getting ready to turn 65, preparing to retire or preparing for your annual Medicare enrollment review, 7 17 is here to help you navigate this complex process to select the plan that best suits your needs.

How to Beat your College Bookstore and Save Money on Textbooks

  • Francesca Sacco
School is back in session, and with it comes a myriad of costs. If you’re heading off to college for your first or last semester, don’t be afraid to look for ways to save. One way to cut costs is to eliminate visiting your college bookstore for textbooks. Don’t be afraid to look for deals or to get creative! Here are some tips to help.

How Waking Up Early can Save (and Earn!) you Money

  • Francesca Sacco
What if ditching the snooze button in the morning could save you money? While getting up early can be difficult, it turns out there may be a correlation between success, money and your alarm clock.