Inside the Priority First FCU Summer Newsletter:
- Refinance to a Less-Expensive Auto Loan
- Our HELOC special can help you work your home improvement plan
- Keep your identity to yourself
& coming soon Upgraded On-line Banking and a new Mobile App!
Click here to view our 2015 Summer Newsletter!
College students who borrow for school graduate with a debt load equivalent to a new-car purchase or a down payment on a house, averaging $25,000.
Some borrowing might be inevitable. To keep it to a minimum, explore the features of other college payment strategies.
529 savings plansPros: Your savings grow tax-free and earnings escape federal tax if you use withdrawals for qualified college expenses. Your state might give you a tax break for contributions. You may invest in other states’ 529 plans.
Cons: If you use the money for noncollege expenses you’ll have to pay taxes and a penalty on earnings. A state-appointed firm manages the account you so lose direct control.
Prepaid tuition plansPros: You can lock in tuition at in-state public colleges years in advance. The tax benefits are the same as for a 529 savings plan. If your student goes...
It's that time of year again. You're feeling carefree and in the mood to … spend. Hang on to your wallet and beware of the following, according to MSN Money:
On average, there are 2.5 million weddings celebrated each year, many in the summer. If you're on the guest list, plan ahead and budget for gifts. If you see something on sale now, pick it up. The bride will never know you got it for half price.
Warm weather inspires many people to drag out the junk they don't want and sell it to someone else. Block the temptation--don't stop at a yard sale unless you're really looking for something.
This year you'll forego the fancy hotel and plane trip and rough it in the woods. Be careful, that $450 sleeping bag that will keep you warm down to -10 degrees...