Financial Fundamentals Blog

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.

Be Aware of Wire Transfer Fraud in Real Estate Transactions

  • Francesca Sacco
While the internet has become a staple in most people’s daily functions, it has provided another outlet for fraudsters. Over the last several years, wire transfer fraud has been on the rise, with billions of dollars lost. The internet makes wire transfer fraud easier to commit and harder to track.

Learn what you can do to protect yourself from money transfer schemes in the digital age.
 

Tips for Recent College Grads to Avoid Common Financial Pitfalls

  • Francesca Sacco
Congratulations! Your hard work has paid off. Diploma in hand, you’re ready to tackle the next phrase of your life.

But the joy of graduating from college can quickly fade once graduates begin to grasp their new-found responsibilities, especially when it comes to their financial future. Navigating rent, a car payment, insurance, cable and groceries can be overwhelming. Throw student loan payments and other financial burdens into the mix, and it can be downright frightening.

The worst thing recent grads can do is to start using credit cards to help them maintain their lifestyle. The average college grad owes $4,100 on credit cards at the time of graduation. Not including student loans. Roughly 69% of graduates took out student loans and owe an average of $29,800 in federal and private debt.
 

How to budget for a wedding

  • Beth Ann Tabak
The holiday season is one of the most popular times of the year to get engaged. In fact, 40 percent of proposals happen between Thanksgiving and New Year’s Day. If you’re one of those lucky couples, you’re probably asking yourself, “how do we pay for all of this?” Don’t worry. We’ve got you covered with a few tips on how to create a wedding budget that won’t break the bank.

Protect yourself from financial aid scams

  • Beth Ann Tabak
With the recent release of the 2019-2020 Free Application for Federal Student Aid (FAFSA), millions of students and their parents are starting the search for next year’s college financial aid, making them susceptible to scammers. Navigating the world of college financial aid is not an easy task. Making it even more difficult are those out there willing to take advantage of you.
 
 

A quick guide on how to pay for college

  • Beth Ann Tabak
It’s no secret that higher education comes with a hefty price tag. The College Board reported that the average annual cost of a public four-year college for in-state students is $9,410 while out-of-state students face $23,980. Those attending a private four-year college are looking at an average annual cost of $32,410. Just reading these numbers can be overwhelming, let alone figuring out how to pay for them.
 
The good news is that for many students college is not an out-of-pocket expense because of the many available avenues of financial aid. Here’s a few ways to figure out how to pay for college without going broke.  
 

Be ready: September is National Preparedness Month

  • Beth Ann Tabak
National Preparedness Month is four weeks designed to ready you for an emergency. And, it seems that both local and national weather is cooperating to remind you of what’s at stake if you don’t have a plan in place. Advanced planning can save you valuable time and money. From the financial to the practical, here are a few ways to make sure you are ready in an emergency.

Save money on back-to-school shopping

  • Beth Ann Tabak
How to take savings beyond the sales