Finance Articles
Financial Wellness Wednesday: How Car Loans Work
How Car Loans Work KEY TAKEAWAYS: Auto loans can feature some terms and words you may not have used previously. This video defines APR, term of a loan, principle balance, down payment, and direct lending. Auto loan contracts are divided into two parts, principle...
Financial Wellness Wednesday: Switching to GHS Federal Credit Union
How to Switch to GHS Federal Credit Union KEY TAKEAWAYS: As a federal credit union, we’re a non-profit organization that is member owned. Every member who has a share account is shareholder of the company, earning interest on their account. Only certain people qualify...
Tax Prep Checklist
Tax season can be daunting, especially if you are preparing and filing your own income tax return. Thankfully, with online services and...
The 5 Steps to Getting a Mortgage
The 5 Steps to Getting a Mortgage Applying for a mortgage loan to buy your dream home can seem daunting. It’s true that a lot of information goes into the decision making process, but it doesn’t have to be complicated. Whether you’re a first-time home buyer or an...
Financial Wellness Wednesday: Per Diem Interest and the Half Payment Method
Per Diem Interest and the Half Payment Method KEY TAKEAWAYS: Per Diem interest is charged on loans, like home mortgages daily. This means that interest is accrued on the total balance every day. Every loan type is different, and will be different from person to person...
Best Way to Finance a Car: Credit Unions…Banks…or Dealers?
When it comes time to buy a car, there are lots of options for financing. It can be difficult to know the best way to finance a car. One factor that goes into this is what type of financial institution you get your loan from. The three most common options are banks,...
Financial Wellness Wednesday: Things to do After Student Debt is Gone
Episode 39: Things to do After Student Debt is Gone KEY TAKEAWAYS: Federal Student Loan Forbearance (as of this posting) ends at the end of January 2021. Balances will once again be due each month, and interest will again accrue on the total balance. If your student...
Discover How Car Loans Work [A Guide]
Purchasing a car is a big financial move. Unless you have a great deal of money saved up, you’ll likely find yourself needing to apply for a car loan. Understanding how this major purchase will affect your finances for the next three years and more is important as you...
Financial Wellness Wednesday: Financial New Year’s Resolutions
Episode 38: Financial New Year's Resolutions KEY TAKEAWAYS: New Year’s resolutions are frequently to exercise more or to quit smoking, but saving money is a big one too. There are ways to do both if you’re interested. Turn your big resolution into smaller goals...
Financial Wellness Wednesday: How to Budget a Large Purchase
Episode 37: How to Budget a Large Purchase KEY TAKEAWAYS: Â The first step to planning ahead for any purchase is to create a budget. Make it simpler by budgeting each month, or even each paycheck. Record all your bills and expenses to get an idea of how much money is...
