Ohioans are spending a significant chunk of change on household energy costs, yet most have not evaluated potential savings opportunities. According to the 2018 Ohio Utility Rate Survey conducted by the Public Utilities Commission of Ohio, Ohio residents spend, on average, between $2,000 and $3,000 per year in household energy expenses. This range is slightly […]
Summer vacation will be here before you know it. And if you’re planning a family trip, you might want to make sure all your financial ducks are in a row so you can relax about money and just enjoy your time away from home.
When you’re looking to upgrade your home, tapping into the equity with a home equity loan or line of credit makes a lot of sense. In some cases, the interest on the loan might be tax deductible — and even if it isn’t, home equity loans typically carry a lower interest rate than credit cards […]
First and foremost, the ownership of a credit union differentiates it from other types of financial institutions. Rather than a for-profit organization run by a paid board of directors who report to shareholders, a credit union is a not-for-profit financial cooperative. That means you are the owners. And our volunteer board of directors — who you vote for — work to ensure that the credit union continues to meet the needs of all its member-owners.
When was the last time you tried to eat cheaply? You probably focused on a lot of ramen, maybe some potatoes and rice, and occasional trips to the dollar menu. Although these foods are cheap, they are lacking in nutrition — and loaded with sodium.
These days, the “American Dream” is no longer a universal idea; it means different things to different people. In previous decades, the American Dream meant doing better than your parents, which can include buying a home. But today, owning property isn’t necessarily everyone’s immediate goal. During the Great Recession, between 2007 and 2014, 7.3 million consumers lost their homes, according to RealtyTrac. With so many families affected by this loss, it is no surprise that in recent years the home ownership rate has fallen from 69 percent in the early 2000s to 63.7 percent at the beginning of 2015, according to the Washington Post. As home ownership has declined, the 2010s are on track to see the fastest growth in renters in history.
We make five-year life plans, savings plans, and even dinner plans, but what about the plan for when the unthinkable happens and we are no longer here to care for our families? Nationally, only 42 percent of adults in this country have estate planning documents such as a will or living trust, according to a Caring.com survey. The numbers in Ohio are slightly more encouraging; with 57 percent saying they have a will in place stipulating who will care for their children in the event of the parents’ death, according to results from the Ohio Credit Union League’s 2017 Consumer Survey.
Nearly a quarter of Americans have no emergency savings, according to a new report from Bankrate.com. However, the percentage of those without an emergency fund currently sits at a six year low, down to 24% this year from 28% last year. Additionally, Americans with an adequate savings cushion – enough to cover six months’ expenses […]
Mortgage rates touched seven-month lows early this month, and stayed there last week. According to Bankrate.com’s weekly national survey, the benchmark 30-year fixed mortgage rate inched lower last week, moving from 4.04 percent down to 4.02 percent. The larger jumbo 30-year fixed nosed up to 4.00 percent, and the average 15-year fixed mortgage rate settled […]