When was the last time you made a sound decision while wiping away tears? Or shaking in fury? Or sweating with stress?
Your judgment was probably off during those emotional moments. Maybe you said something you later regretted — or got bangs.
Or maybe you tapped a targeted Instagram ad for a pricey sweater, which you bought and never wore.
Feelings influence decisions, including whether we should add to cart.
“Emotions and decision-making are very strongly connected,” says Kristy Archuleta, financial therapist and professor of financial planning at the University of Geo... Read More
Posted by KH Credit Union on Apr 29, 2022
So, you want to learn more about your money and make moves with it. Go you.
“That’s a moment of self-awareness that requires celebration,” says San Francisco-based financial coach Saundra Davis.
And your timing is perfect, as April is Financial Literacy Month. This designation wouldn't exist unless many people needed help understanding their money.
“You’re not the one person out there that hasn’t got their finances together,” says Orlando-based certified financial planner Angela Moore.
Go easy on yourself, and start small
It’s OK if you don&... Read More
Posted by KH Credit Union on Apr 06, 2022
Many homeowners are looking to home warranties for peace of mind, but to avoid unpleasant surprises, it’s important to understand the limits of what you’ve purchased.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
It's every homeowner's night... Read More
Posted by KH Credit Union on Mar 02, 2022
Credit scoring can feel like a frustrating game — falls can be sudden and swift, and climbing is a slow slog.
In reality, “all scoring models and lenders are aiming to do the same thing, which is to minimize risk,” says Jeff Richardson, senior vice president of marketing and communications for VantageScore, one of the two leading credit scoring companies. He says creditors see things like missing payments and high balances as indicators of risk.
The traditional advice of paying on time and keeping balances low will eventually result in decent credit. But yo... Read More
Posted by KH Credit Union on Feb 02, 2022
It’s 2022, and the new normal still feels pretty abnormal. The holiday season came and went, and we all learned a lot about supply chain management. If you’re reading this, you’re likely unfazed by product delays and determined to save a buck in the new year.
The good news is you can count on a few tried and true post-holiday sales, although discounts are likely to vary. Here’s your guide for what to buy (and skip) in January, based on NerdWallet’s analysis of historical sales cycles, along with a little speculation in what’s been an unpredictable ret... Read More
Posted by KH Credit Union on Jan 04, 2022
2020 asked a lot from us. We faced new challenges and reckoned with old ones, and often the world’s problems collided with our own individual needs. Help — whether in donations or even just attention — might’ve been hard to give when you required some yourself.
If your finances are in better shape this giving season, you can be more strategic with your dollars. The same issues you felt strongly about last year may not be on your priority list now. Perhaps the reverse is true — you’re more determined than ever to support the causes you care about.
... Read More
Posted by KH Credit Union on Dec 02, 2021
It's every homeowner's nightmare — something is broken, and it's going to cost a lot of money to fix or replace it. Unfortunately, no matter how well you take care of your home, sooner or later, an appliance or major system is bound to croak.
Some homeowners plan for this by purchasing a home warranty, which can cover some costs related to these units' normal wear and tear. But before you commit to one, make sure you really understand what the warranty is offering.
For example, even nationally recognized home warranty companies won't necessarily guarantee that a replacement item will... Read More
Posted by KH Credit Union on Nov 01, 2021
If you’re planning a trip and want to know if the destination is safe to visit, there are so many resources at your disposal to help you decide. As someone who has traveled full-time as a digital nomad for three years, I’ve come to rely on a few useful sources for gathering destination safety and trip advice. Here are some simple steps you can take to check safety information for your upcoming trip.
1. Check U.S. government websites for COVID guidelines and other info
Familiarizing yourself with the latest COVID-19 guidelines posted by the Centers for Disease Control an... Read More
Posted by KH Credit Union on Oct 01, 2021
Losing income is never easy, but it’s become increasingly common over the last year and a half: According to the Pew Research Center, 44 percent of U.S. adults say their household has experienced either job loss (including temporarily) or a pay cut since the beginning of the pandemic, with Hispanic and Asian adults most likely to say so.
That creates an incredible strain as people scramble to cover basic expenses like food and housing as well as monthly bills and everyday expenses, even if the reduction in income is temporary. Having a sense of your budget and avoiding procrastina... Read More
Posted by KH Credit Union on Sep 01, 2021
If you haven’t traveled in a while, then your packing skills may have gotten rusty. There are plenty of new items to add to your packing list — like a smartphone power bank since more restaurants mandate mobile ordering.
But there’s one more thing that you might bring on your next trip: your COVID-19 vaccination card.
For international travel, you’ll almost certainly need it, as most countries require vaccination proof or a negative test result to avoid quarantine restrictions (note that some countries, regardless of your v... Read More
Posted by KH Credit Union on Aug 03, 2021
On average, auto insurance rates skyrocket 96% after a DUI, our 2021 rate analysis found.
Driving under the influence can cost you more than you may think. Drivers with one DUI pay $3,114 a year, on average, for full coverage car insurance — almost double what a driver without any traffic violations pays — according to NerdWallet’s 2021 rate analysis.
The analysis included drivers with one DUI across all 50 states and Washington, D.C. We examined which drivers paid the most (and least) expensive rates and why.
» MORE: What is full coverage car insur... Read More
Posted by KH Credit Union on Jul 02, 2021
When the COVID-19 pandemic hit, communities around the U.S. rallied to help small businesses by launching “shop local” initiatives, purchasing gift cards and starting fundraising campaigns.
Now that states have begun to roll back social distancing restrictions and vaccination rates continue to climb, small businesses still need continued support.
“When we shop local, the statistics have shown us that more money is put into your community, which you then benefit from,” says Ash Cintas, founder of City Shoppe, an e-commerce platform serving local retailers and p... Read More
Posted by KH Credit Union on Jun 01, 2021
I get it. It’s easy to shop on Amazon. Running low on toilet paper? Need lightbulbs? Want a bath caddy on a whim? With two clicks and even less thought, the item you need/want/desire is at your doorstep, often in 48 hours or less.
Shopping locally requires more thought. Supporting small businesses is an intentional act — one that the mom and pop shops in your neighborhood desperately need you to make.
Tens of thousands of small businesses closed over the past year, many of them permanently. Each closure leaves a void that goes deeper than an empty storefront. The comm... Read More
Posted by KH Credit Union on May 03, 2021
It’s spring cleaning season, and many of us will soon be polishing up more than just our homes — we often use the fresh season as an opportunity to work on our finances.
But just like there are guidelines for regular spring cleaning, there are rules for financial spring cleaning. Here’s what not to do while sprucing up your finances.
Don’t get too extreme
The fresh spring season might motivate you to make changes, but be careful not to overhaul your budget in a way that’s unsustainable.
“People go to the far extreme of trying to cut out a... Read More
Posted by KH Credit Union on Apr 01, 2021
March mortgage rates forecast
Mortgage rates leaped higher in the second half of February and probably will continue rising in March.
The average rate on the 30-year fixed-rate mortgage went up 0.43 of a percentage point from the end of January (2.73%) to the end of February (3.16%). February's jump in rates was one of the most significant in the last three years because nearly 5 million homeowners lost their incentive to refinance.
About 18.1 million homeowners could have cut their mortgage rates by at least 0.75% by refinancing when the 30-year mortgage was at 2.75%, as it was at th... Read More
Posted by KH Credit Union on Mar 01, 2021
Many Americans have spent the last several months getting back into the workforce after being laid off due to the COVID-19 pandemic. Recovering from the financial fallout can bring turmoil, but there are also silver linings.
American workers became familiar with stories of job loss and salary cuts as the pandemic ravaged through 2020. According to Charles Schwab’s 2020 Modern Wealth Survey, 25 percent of Americans said either they or a family member have been furloughed or laid off during the pandemic. Another 30 percent of respondents said they or a family member have experienced a sa... Read More
Posted by KH Credit Union on Feb 10, 2021
We salute your ongoing sacrifice and service to our greater community. Together, we are committed to providing the real estate experience you deserve…starting with:
Anywhere from $600–$3,000 cash back in your pocket at closing*.
*Based on a percentage of home sales price ranging from $100,000–$500,000.
Sounds too good to be true? It isn’t!
Posted by KH Credit Union on Jan 22, 2021
The pandemic has caused many people to reassess their priorities. There is talk of moving out of the city, simplifying life and saving more money.
"I'm not going to spend money like that anymore," my millennial daughter told me recently, talking about past shopping sprees on handbags, jewelry, and yes, lattes. "Financial security is fun now."
This from the same person who, until recently, has annually paid to upgrade to the latest version of smartphone ever since she purchased her first Juicy Couture Sidekick back in 2005.
But, as usual, my daughter alerted me to a growing trend.
Develop... Read More
Posted by KH Credit Union on Jan 14, 2021
One Christmas brought a breaking point for Anthony and Jhanilka Hartzog.
The young couple had just racked up a couple thousand dollars in credit card charges to finance gifts for their friends and family. That debt, on top of a car loan and student loans, became too much.
So the two made a plan: Earn more, spend less, get debt-free. Working in tandem, the couple blended a new budget, a higher income and fiscal discipline to meet their goal while still enjoying things like travel along the way.
The couple, who earn around $190,000 annually between their day jobs and side hustles, move... Read More
Posted by KH Credit Union on Dec 03, 2020
Good afternoon to our valued KH Network CU Members,
I am excited to update you on the direction your credit union is headed in order to better serve each and every professional in the Kettering Health Network.
At our meeting last week, the Board of Directors voted to move forward with a strategic plan to leverage technology to conduct business with our members at all sites. This will entail using new tools to both interact and engage with all those we serve. More specifically, KH Network Credit Union plans to deploy a series of Interactive Teller Machines (ITMs).
An ITM is essentiall... Read More
Posted by KH Credit Union on Oct 23, 2020
You may feel like this spring and summer blurred together and passed by as you stayed home amidst the coronavirus pandemic, but fall is a season that undeniably feels like change. If you want to embrace the crisp autumn air with some crunchy leaves underfoot, look no further than some of the nation’s most famous parks for a socially distanced adventure. Even better, the National Park Service's annual fee-free day in September is still taking place this year. On Saturday, Sept. 26, all of the national parks will waive their entrance fees in honor of National Public Lands Day, meaning you ... Read More
Posted by KH Credit Union on Oct 06, 2020
Kettering Health Network Credit Union started small. The credit union was established by a few hospital employees in 1964 to offer affordable and accessible financial resources to their hospital co-workers. Although we have grown alongside the hospital, our commitment to provide the same quality care to our valued family of Kettering Health Network healthcare providers, their families, and networks has not wavered.
Our credit union is member-owned and operated and offers return excess earnings to our members with competitive dividend rates, interest rates on loans, and offering valuable prod... Read More
Posted by KH Credit Union on Sep 16, 2020
Constructed from aspirational Instagram feeds and reality TV, the dream home floats in the imagination like a castle in the sky but dissolves in the rain of hard numbers.
Chasing the dream can lure buyers to overextend themselves financially. Or the high prices can lead first-time home buyers to delay a home purchase — and the opportunity to start building home equity.
For many home buyers, buying a “good enough” home can be a sounder strategy, particularly for those most eager to become homeowners.
“I’d rather see people buy a good enough home versus... Read More
Posted by KH Credit Union on Aug 03, 2020
Many households are beginning to show symptoms of acute cabin fever. With summer approaching and global air travel still restricted, would-be travelers are considering alternative vacation plans, including RV rentals, road trips, and hotel staycations. But is it any safer to hit the road than it is to hit the skies? Are hotels OK? Do airline safety measures make any difference?
To help get to the bottom of these questions, we asked Molly Hyde, a board-certified expert and infection control practitioner who manages the spread of infectious diseases within health care systems. Keep in m... Read More
Posted by KH Credit Union on Jul 01, 2020
If you’ve gotten your stimulus check from the Internal Revenue Service, great. Now, guard that money, because scammers are eager to pick your pocket.
If you’re still waiting for your payment — or running into unverified offers or communications — healthy skepticism is your best friend. As of May 7, the Federal Trade Commission had received more than 38,000 complaints related to COVID-19 this year, with consumers losing more than $27 million to fraud.
“As this deadly virus continues to impact every part of our lives, scammers are looking to take advanta... Read More
Posted by KH Credit Union on Jun 03, 2020
Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island.
But first assessing all your financing options can save you money. As the economy shifts, so will the way a personal loan fits into your plans.
Right now, for example, the cheapest way to get extra cash might not be with a personal loan, but with 401(k) funds. The government is allowing penalty-free withdrawals from these savings for those affected by COVID-19.
Still, withdrawing money from your 401(k) could mean ... Read More
Posted by KH Credit Union on May 14, 2020
Federal student loan borrowers have an opportunity to suspend payments — without incurring interest on them — for 60 days, the Department of Education announced Friday. This policy applies only to federal loans, not to private student loans.If you want this option, called a forbearance, it will not be automatic — you must request it from your servicer.Make no mistake: This is a pause on payments, not forgiveness. Your debt will be waiting for you when repayment begins at the end of the two-month forbearance, unless the policy changes.And the policy could well change. The meas... Read More
Posted by KH Credit Union on Mar 25, 2020
Concerns about the spread of coronavirus disease 2019 (abbreviated COVID-19) mean more of us are doing what we probably should have been doing all along: washing our hands more frequently and thoroughly; staying at home when we’re sick; stocking up on food and supplies in case that stay becomes extended.
People who may have been exposed to the new coronavirus or who get sick with COVID-19 may be advised to stay home for as long as 14 days to keep from spreading it to others, according to the Centers for Disease Control. That’s led many people to wonder if they could manage for t... Read More
Posted by KH Credit Union on Mar 09, 2020
It takes more than words to teach a kid how to ride a bike. Not even the clearest explanation of balance or a dazzling visual aid about proper seat height will help when those handlebars start to wobble. The only way a child can get it is to step on the pedals and practice.
Learning how to save money isn't much different. Instead of merely telling your son or daughter that saving is important, give him or her a hands-on experience. Just as you'd start your child on a bike with training wheels, consider opening a jointly owned savings account to teach good money habits.
Highlight how much... Read More
Posted by KH Credit Union on Feb 05, 2020