Debt Consolidation: Not a silver bullet, but still a good idea!

If you’re up to your eyeballs in debt, the one thing you may wish for more than anything else is a blank slate. If you had a chance to wipe your slate clean and start over, things would be different. Of course, barring a winning lottery ticket, nothing is going to make that much of a change overnight.

There is, however, another option you can take for getting your debt under control. You can use a personal loan to refinance your existing debt. That means you’ll have one monthly payment at one interest rate instead of the stress caused by a bunch of smaller bills coming due on different days of the month.

Of course, this isn’t a solution for everyone. Let’s take a look at the questions you might ask yourself before you take on a debt consolidation loan.

1.) Have I fixed the debt problem?

Think long and hard about why you’re in debt. For most people, it was a medical bill, the loss of a job or some other temporary hardship that got them behind with charges they couldn’t completely pay off right away. If that describes your situation, the fact that you have a job or have paid the medical bill means you’ve solved the problem that caused the debt in the first place.

If, on the other hand, you accumulated debt by overspending on credit cards, a debt consolidation loan may not be the answer just yet. There are other steps to take first, like making a budget you can stick to, learning how to save and gaining responsibility in your use of credit. Getting a debt consolidation loan without doing those things first is a temporary solution that might actually make matters worse in the long run. You’ll have room on credit cards again, which can make the impulse to go spend pretty strong. Give in, and you’ll be back in the same position as before, except now you will have even more debt.

2.) Can I commit to a repayment plan?

If you’re struggling to make minimum monthly payments on bills, a debt consolidation loan can only do so much. It’s possible that the lower interest rate will make repayment easier, but it’s also possible that bundling all of that debt together could result in a higher monthly payment over a shorter period of time. Before you speak to a loan officer, figure out how much you can afford to put toward getting out of debt. Your loan officer can work backward from there to figure out terms, interest rate and total amount borrowed.

If you’re relying on a fluctuating stream of income to repay debt, like a second job or financial windfalls, it may be difficult to commit to a strict repayment plan that’s as aggressive as you like. Instead, what you can afford on a monthly basis may be nothing more than the sum of your current minimum payments. You can still make extra principal payments on a personal loan, so your strategy of making intermittent payments will still help. You just can’t figure them into your monthly payment calculation.

3.) Is my interest rate the problem?

For some people, the biggest chunk of their debt is a student loan. These loans receive fairly generous terms, since a college degree should generally result in a higher-paying job. Debt consolidation for student loans, especially subsidized PLUS loans, may not make a great deal of sense. You’re better off negotiating the repayment structure with your lender if the monthly payments are unrealistic.

On the other hand, if you’re dealing with credit card debt, interest rate is definitely part of the problem. Credit card debt interest regularly runs in the 20% range, more than twice the average rate of personal loans. Refinancing this debt with a personal loan can save you plenty over making minimum credit card payments.

4.) Will a personal loan cover all my debts?

The average American household has nearly $15,000 in credit card debt. That’s a big chunk of change. Add on $28,000 in auto loans, and it’s easy to see why debt is such a problem for most households.

The caution with personal loans for debt consolidation is to make sure you can bundle all of that debt together. If you have more than $50,000 in credit card debt, it’s going to be difficult to put together a personal loan that can finance the entire amount. Instead, it’s worth prioritizing the highest interest cards and consolidating those instead of trying to divide your refinancing evenly between accounts. Get the biggest problems out of the way, so you can focus your efforts on picking up the pieces.

Debt consolidation doesn’t work for everyone, but it can do wonders for many people. The ability to eliminate high-interest debt and simplify monthly expenses into one payment for debt servicing can change a family’s whole financial picture. The only way to know if a personal loan to consolidate debt is right for you is to sit down with a loan officer to go over your situation. Gather your account statements and your paycheck stubs, and head to your local UCCU branch today!

Your Turn: What’s your secret weapon in the battle against debt? Any tips and tricks that helped you get a handle on what you owe? Let us know!

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Fidget Spinners: Harmless Fad or Mega Distraction?

Fidget spinners. You’ve seen them practically everywhere. The small plastic gadgets don’t do much, but they’ve completely overtaken the toy industry.

Fidget spinners were initially marketed as a sensory toy for children on the autism spectrum and those with ADHD or sensory processing disorder. Within days, though, the hand-held gadget experienced a wild surge in popularity and became a must-have for every child and teenager across the county – and plenty of adults, too.

The basic fidget spinner is built with three prongs centered around a circle. Flick a prong, and the triangle shape becomes a blur, almost like a ceiling fan. The toys are manufactured by several companies and are sold virtually everywhere – airports, gas stations, grocery stores and, of course, toy stores.

If you’re wondering what the great appeal behind the fidget spinner is, you’re not alone. Just like you, many parents are scratching their heads in bewilderment. After all, the toys don’t make much noise; they don’t beep or flash or do anything too exciting. And yet, the fidget spinner and its cousin, the fidget cube, now dominate 49 of the top 50 rankings on Amazon. They’ve all but invaded classrooms and hundreds of videos have already been posted on YouTube by self-proclaimed “fidget experts” demonstrating dozens of tricks that can be done with the small toy.

And it’s not just kids – the fad has spread to adults, as well. Fidget spinners are showing up in college classrooms, on train rides and at the workplace. In fact, Forbes magazine has already named the fidget spinner the official office toy of 2017.

While toy fads constantly come and go, there hasn’t been a fad of this magnitude since the hula hoop craze of 1958, when an estimated 25 million were sold in just a few months.

Parents and educators are on the fence about this fad, though. The price tag is conservative and it keeps the kids occupied, but some claim it’s a tremendous classroom distraction that should be banned.

While the novelty of the fidget spinner will fade with time, it’s anyone’s guess if they will become a classic like the Rubik’s Cube, or soon lay forgotten in a dusty corner of the playroom, never to be played with again.

Here’s what you’ll want to know about the latest fad:

1.) No scientific backing

Fidget spinners have been marketed as a stress-reliever and a self-care tool for ADHD and autism. Parents of diagnosed children have eagerly purchased these toys in the hopes that they will help their child concentrate in class and perhaps alleviate some of their symptoms.

It’s important to note, though, that there has not been any scientific evidence backing this claim. While some might find that they do provide temporary relief from symptoms, they should never be used in place of therapy or medication.

2.) Choose cheaply

One of the biggest selling factors of this fad is the modest price tag – most go for just a couple bucks. Like every popular fad, though, opportunists have been quick to cash in on the craze. The market boasts luxury spinners with flashing lights, or with more ball bearings to supposedly guarantee a longer spin time. These deluxe versions come with a price tag of a few hundred dollars or more.

Kids are thrilled with the cheaper versions, though, and they fulfill their purpose perfectly. Don’t get sucked into shelling out big bucks, because this fad may be over in a few weeks. By then, your child may never look at a spinner again.

3.) Classroom chaos

A lone spinner produces a low, almost indistinct whir. Multiply that by 25, though, and you’ve got quite a racket. Now imagine trying to teach over that din.

Fidget spinners might look like the perfect classroom toy; they’re small enough to fit under the desk, and make hardly any noise. But some teachers and principals have found them to be too distracting, and many schools have banned them completely. Aside from the collective hum of the gadgets spinning, the toys often go clattering to the floor or are used to demonstrate tricks, further adding to their distraction.

Other teachers don’t mind the noise, though, and claim they support concentration while providing a legitimate sensory aid for those who need it. Make sure your child’s teacher is OK with the fidget spinner being used in the classroom before your child brings it to school.

4.) Smartphone substitute

While no scientific studies have backed this claim, many posit that the fidget spinner’s popularity is linked to its vibrating motion, which mimics that of a smartphone. They theorize that the toy serves as a salve for the smartphone-addicted child, who loves the feel of a screen throbbing.

Whether this is true or not remains to be proven, but if it’s a choice between a phone and a fidget spinner, remember that the toy won’t mess with your child’s attention span or internal clock the way screen time does, making it the better choice.

Here to stay, or gone tomorrow? It’s anyone’s guess. Meanwhile, though, make smart, informed choices about the latest toy fad.

Your Turn: Do you think fidget spinners should be allowed in classrooms? Why or why not? Share your thoughts with us in the comments!

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Q&A: Risking It When Investing

Each month we will post an answer to a question we’ve received recently in order to help others who might have the same question. If you have any questions you’d like to have answered, please message UCCU on Facebook.

Q: My wife is a risk taker and wants to invest in things that aren’t really in my comfort zone. I know it’s generally considered better to invest where returns are higher, but that also means a higher risk! Is there some sort of middle ground?

A: It’s great that you’re thinking this through. Many couples face the same question, and while the simplest solution might be to split your funds down the middle and invest as you each see fit, that’s not likely to bring peace or wealth into the relationship. In a marriage, for one thing, whether accounts are titled separately or jointly, they are considered marital assets (even 401Ks). And a healthy relationship depends on working jointly toward financial goals, not going it alone.

One of the most difficult issues for couples to resolve is how much risk they’re willing to take with their investments. According to Fidelity’s 2015 Couples Retirement Study, 47 percent of couples disagree about how much money they’ll need to maintain their lifestyle in their later years. Even more troubling, a Harris survey found that 33 percent of couples weren’t saving anything for their retirement years. And, of those who were, one in five said they were clueless about how much their partner was contributing to their accounts.

Some tips if you’re starting down the investment road together:

  • As in so many areas of a relationship, communication is key. Let your spouse or partner know you’re willing to research options together and come up with a plan. Erica Coogan, partner at Moss Adams Wealth Advisors in Seattle, recommends that each partner complete a risk assessment questionnaire and then compare answers. “It makes a subjective conversation a little more objective,” she says.
  • Remember that planning needs to cover both spouses, not just a breadwinner. Experts advise couples to be mindful of the “It’s my money because I worked for it” syndrome. Couples need to work together on a plan for investing (and spending) their money, no matter who earns it. Apart from any resentment, an uneven divide in the ownership of assets can make a mess of cash flow, estate planning and taxes.
  • Consider transparency. Wherever you stand on risk, consider selecting some investments that are, by nature, transparent. This includes individual stocks, bonds and exchange-traded funds. You can also reduce risk by diversifying your portfolio across asset classes. Ask a financial advisor at your credit union for help in untangling the strands of modern-day investing.
  • Think about your time horizon. Allowing an investment to compound leads to much better returns. So, if you’re the more risk-averse half of a couple, and you’ll need your money within 10 years, say with confidence to your partner: Slow down. Remember that it doesn’t make intuitive sense (but is nevertheless true) that your money doubles in seven years if you earn a compounded annual return of 10%. Don’t let a little fumbled math lead to a rash or risky decision.
  • Keep the goalposts in sight. Your mutual goals will determine how, and how much, the two of you should invest. For instance, when do you want to retire? Do you plan to pay for your kid’s college expenses? Purchase a home (or a second home)? Start a business?

Finances are one of the leading causes of separation. The more ownership and open communication a couple has over this potentially rocky topic, the less likely it is that they’ll panic when there’s a ripple in their plans or something happens in the markets.

Your Turn: Do you and your spouse or partner disagree about investments? Let us know how you’ve smoothed that potentially rocky road and headed for a secure sunset.

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Independence Day Celebrations Yesterday and Today

Do you know exactly what happened on July 4, 1776? What do our Fourth of July celebrations commemorate, and why?

The Reason We Celebrate July 4

July 4, 1776, is the date written on the original Declaration of Independence, even though it wasn’t signed until Aug. 2 of the same year. July 4 was the day in which the Continental Congress officially agreed and approved the final edits to the document that Thomas Jefferson wrote. It declared the words that would establish a new nation, independent of Great Britain’s control.

Thirteen American colonies were already at war over oppressive taxation, but residents weren’t consistent in their opinions and their efforts until the words of the Declaration united them and gave them a foundation for the Revolutionary War victory in 1783. Because the Declaration was also understood to be the first formal statement by any group of people asserting a right to choose their own form of government, it was a significant document for all citizens of the world, not only for the colonists.

Although it was called Independence Day as early as 1791, the Declaration of Independence wasn’t always celebrated on July 4 with a vacation from work and fancy fireworks. In fact, the United States Congress didn’t make it a holiday for federal employees until 1870, nor did lawmakers pass additional legislation to make July 4 a paid federal holiday until 1938.

During the Revolutionary War, July 4 was commemorated with 13-gun salutes (representing the 13 colonies), official banquets for the Continental Congress and their families, and parades and shows for the troops. Ships at sea were draped with red, white and blue while in port and at sail, and General George Washington reportedly ordered a double ration of rum for his fighting men to celebrate.

One of the signers of the Declaration of Independence was John Adams, who wrote the following in a letter to his wife, Abigail: “It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more.”

Celebrating July 4 at Home

Today, we certainly have our modern pomp and parade, shows, games, sports, guns, bells and bonfires to celebrate July 4. But we also have jet fighter salutes at airshows and choreographed fountains and fireworks exploding over lakes, rivers and harbors throughout the country. John Adams probably could never have imagined the majestic displays we take for granted now.

Whether you enjoy a road trip with your family or stay home to barbecue by the pool, you can plan a Fourth of July that’s fun for everyone. In some parts of the U.S., you can even celebrate with your own patriotic fountains and fireworks. Start by contacting your local fire department to learn the rules for purchase and use of fireworks in your area, and to ask if you’ll need a permit to use them. Then, stop by your local retailer to check out their light show fountain kits to complete your patriotic display.

Celebrating July Fourth in Washington, D.C.

If you’re planning to join the crowds gathering in our nation’s capital in Washington, D.C., here are some suggestions for a budget-friendly but unforgettable Fourth of July:

  • See the real deal, the original 240-year-old Declaration of Independence that’s located in the National Archives, north of the National Mall at 700 Pennsylvania Avenue NW, Washington, D.C., and meet the Founding Fathers in a lively reenactment.
  • Find a good spot on Constitution Avenue before the National Independence Day Parade begins at 11:45 a.m. between 7th and 17th streets. An authentic Revolutionary War Fife & Drum Band as well as top high school bands from across the country provide the sights and sounds of freedom.
  • Stop by the National Portrait Gallery at 8th and F St. NW, Washington, D.C., to see the official, painted portraits of all 43 presidents of the United States, and to hear presidential reenactors telling stories of their time period in history.
  • Catch “We The People,” a 20-minute film at the Smithsonian American History Museum, on Constitution Avenue NW. It chronicles the history of Independence Day, starting from its birth in 1776.
  • Drive about 30 minutes south of Washington, D.C., to immerse yourself in George Washington’s Mount Vernon home along the Potomac River. Savor ice cream, fireworks and music from the Revolutionary War era all day long.

Your Turn: Where will you celebrate July 4 this year? Are you planning a gathering at home, or traveling to visit friends, family or national historic sites?

Sources:

https://en.wikipedia.org/wiki/Independence_Day_(United_States)
http://www.history.com/topics/holidays/july-4th
http://www.constitutionfacts.com/us-declaration-of-independence/fourth-of-july/
http://www.military.com/independence-day/history-of-independence-day.html
http://experience.usatoday.com/america/story/best-of-lists/2015/07/01/fourth-of-july-fireworks-usa-cities/29524219/
http://magazine.foxnews.com/celebrity/17-patriotic-movies-watch-over-fourth-july-weekend
https://washington.org/ways-celebrate-independence-day-washington-dc

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Nest: save on utility bills right from your pocket

The skinny:

Nest is a smart thermostat. It allows you to control the temperature of your home right from your smartphone. Within about a week, Nest learns your habits and adjusts to your preferred temperatures.

Who’s it for? Anyone who wants to save money on their heating and cooling bills. Nest automatically lowers the temperature when you go to bed and shuts off when no one is home. The average user saves 10-12% on their heating bills and 15% on cooling bills.

Nest is also great for people who own vacation homes. If you see a big temperature drop coming, but you’re at your full-time residence, you can turn the heat on at your second home so your pipes don’t freeze.

What platforms? iOS and Android

Cost? The app is free. The device itself costs about $250, depending on the retailer. If you need professional installation, it costs between $99-250.

We seem to run our lives from our smartphones, and now we can run our thermostats that way, too. Nest is connected to your Wi-Fi, which allows you to control it from your smartphone.

But the best thing about the Nest thermostat is its intuitiveness. You don’t have to use the app to turn the heat on before you get home from work. You can skip having that moment of panic while on vacation when you realize you left your air conditioner running. Nest knows the rhythms of your life and adjusts accordingly. It knows what time you come home from work and knows if nobody’s home so it makes appropriate changes for you. Plus, you can make adjustments using the app if you need to do that.

Nest comes with some great additional features. You can look at your energy history to see how much you are using. Daily reports show how much energy you’re saving and give tips on how to use less to save even more on your bill. When you’re choosing temperature settings, you’ll see a leaf symbol when you’ve chosen one that saves energy.

You got a great rate on your mortgage with Utah Community Credit Union. Save even more money by installing Nest!

Your Turn: What energy-saving methods do you use in your home? Let us know!

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6 Ways to Save On Your Summer Vacation

The ocean is calling – and so is the open road. Your dream vacation awaits! But first, you need to work out the financial details. How are you going to pay for your getaway? How much can you realistically spend? Where is the money for your vacation going to come from?

Ideally, a plump vacation fund that’s fed throughout the year is the way to go. Unfortunately, though, we often don’t think about how to pay for vacation until it’s a few weeks away. To make things even worse, according to LearnVest, an alarming 74% of Americans go into debt to pay for a vacation.

Don’t become part of that statistic! Be proactive in planning your vacation by saving up for it in advance. Forgo some luxuries in the months or weeks leading up to your vacation and save the extra cash for your getaway. Consider running a yard sale featuring all of your forgotten treasures and use the profits to fund your trip. Skip your weekly dinner out for a while and put the money in your vacation budget.

Now it’s time to plan your vacation! When you’ve got the money saved up, create a realistic vacation budget. These six vacation saving tips will help you plan the perfect getaway while staying well within your budget.

1.) Timing is everything

Be a savvy shopper. There is an ideal window for buying everything, and booking airline flights is no exception. Flight prices generally fluctuate until departure day, but experts say the sweet spot is 54 days before your travel date. If you don’t want to be busy checking prices all day, sign up for emails from a savings alert site. Let them know which dates and locations you’re interested in, and they’ll let you know when a flight goes on sale so you can book your discounted tickets before they’re sold out.

2.) Clear your cache

Hotel and airline sites use cookies to determine what you’re shopping for. They’ll see which days you’re searching and raise their prices accordingly. Beat the system by clearing your cache before every new search so they can’t read into your browser history. You might see as much as a 50% drop in prices when searching with an empty cache!

3.) Sweet-talk your way to savings

Just because your hotel room is pre-booked, it doesn’t mean you can’t save. Don’t be shy about asking for an upgrade at check-in. About 78% of hotel guests who request an upgrade at the front desk actually receive one. Some face-to-face schmoozing can go a long way!

Also, by 6 p.m., most hotels know which rooms will be filled for the night. If you check in later in the day, you’ll have a better chance at getting the keys to the room with the incredible view – even with your economy-class price tag.

4.) Never pay full price

You can score a deluxe vacation without the deluxe price tag – all it takes is a little research. Check sites like coupondivas.com, entertainment.com and Groupon.com for amazing deals and deep discounts for local eateries and entertainment centers. You can also find cheaper tickets to nearby amusement parks by looking for sellers on Craigslist. Also, if you’re traveling with kids, don’t forget to look up restaurants with “Kids Eat Free” promotions.

5.) Freebie fun

Challenge yourself to enjoy one day of your vacation without spending any money at all. Search local sites and blogs for write-ups about fantastic free things to do nearby. You might find a charming family farm, a gorgeous waterway, a fun splash pad for the kids or a scenic hiking trail. Or, just spend the day at the closest beach!

Don’t eat out on this day either. Many hotels include a continental breakfast – take full advantage. For lunch, you can picnic on sandwiches. Dinner can be something effortless and delicious that you brought from home or pick up at a local supermarket. Consider packing a travel grill or panini maker for easy meals. You can heat up some hot dogs or burger patties, or bring some baguettes and an assortment of sliced cheeses for fresh paninis. Round off the meal with some pre-sliced veggies.

You’ll be surprised at how much fun you can have without spending a penny!

6.) Save your mega event for the last day

The taste of dessert is what lingers after the meal is through. End your vacation on a sweet note by saving your most exciting event for your last day away.

So, start budgeting now by deciding where you’d like to travel to, a rough estimate of what it will cost, and how much you can set aside each month to get to that number. Who knows, maybe selling some extra possessions in that yard sale or online will give you an extra boost towards your vacation fund!

Bonus Tip:

Check out the deals that our partner GetAwayToday is offering on their website. Just follow this link and you’ll see all the prices at a special UCCU Member discount.

Your Turn: How do you save big on summer vacation? Share your best hacks and tips with us in the comments!

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Summer Semester Fun

Here’s a real brainteaser for you: Flip-flops, sunscreen, smoothies, and textbooks – which of these is not like the others?

If you’re one of the thousands of college students staying on for the summer semester, this assortment may accurately describe your summer plans.

It’s great that you’re choosing the summer months to catch up with or get ahead of your schoolwork. But is there a way to keep on top of your studies while still making time for some much-needed fun in the sun?

You bet there is! Here’s how:

1.) Study outdoors

Yes, you’ll need to spend lots of time buried in your textbooks this summer. No, that doesn’t mean you need to be cooped up indoors while the rest of the world is enjoying the sunshine. Grab your books and some friends to initiate a study session at an outdoor bench, a grassy park, a scenic waterfront, or even a remote lake. Bring sunglasses, cold drinks, a good set of notes and your best highlighter. Then, get your work done while still enjoying summer!

2.) Hike and learn

Hiking is a fantastic way to stay in shape and have some outdoor fun. But, did you know it can also be a great time to study? It’s true – all you need is a pair of earbuds! Plug into a recorded lecture you’d love to review or even an online video that offers more information on a subject you’re studying and hit the trails. You’ll absorb information while giving yourself a physical challenge and getting lots of fresh air.

3.) Make the most of weekends

Even the busiest student has some free time. Instead of crashing, plan those spare hours well. Use them for a full-day’s trip to a nearby amusement park, beach or another local getaway. One day of pure fun will give you the boost you need for another week of hard work! Maybe even two!

4.) Take a road trip

With stacks of papers to write and exams to cram for, you might think that endless road trips are an impossible summer dream. Think again!

While you can’t take off for a cross-country drive when you need to be in class early the next morning, you can still pack into the car with a bunch of friends and hit the road without neglecting your schoolwork. Just turn the trip into a study session! You can have one friend serve as “lecturer” by reading their notes aloud. You and your friends can audibly hear and absorb as you wind around impossible bends and past mountains or meadows. Alternatively, play a recorded lecture for everyone to enjoy and let the words sink in as you cruise.

5.) Take time to chill

To avoid total burnout, squeeze some downtime into your daily schedule. Grab an early morning bike ride, take a quick jog after your classes, or indulge in a stop at the local ice cream shop before tackling your homework. You’ll be glad you did. Even if it’s just a 10-minute break at the neighborhood park, those few minutes of airing out will give you the fuel you need to hit the books and keep going.

Your Turn: Have you ever taken summer classes? How did you stay on top of your work and still make time for summer fun? Share your best tips with us in the comments!

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Full Focus Planner: The Ultimate in Planning and Organization

In a world that is constantly becoming more digitized, the Full Focus Planner stands out like a snowman on a beach. After all, it’s not an app or a website – it’s an analog tool. No touchscreens, automatic uploads or complicated algorithms here!

What made self-proclaimed techie, Michael Hyatt, design and create a physical planner? And why does he think his product will change people’s lives?

“I love paper,” Hyatt asserts. “It’s the best reading app around.”

Hyatt explains that, despite their incredible efficiency, technology can also be incredibly distracting. Multiple screens, apps and pop-ups can divide your focus and inhibit your productivity.

In contrast, research shows that, when people write something down instead of inputting it into a computer, they retain more of the information. Writing by hand engages several parts of the brain and creates stronger memory cues. Writing out your yearly, monthly and weekly goals will make them stick in your mind.

The Planner offers a lot more than just a paper trail for your activities. It’s designed to help you achieve the goals you have for yourself and your business.

In a brilliant innovation that combines Hyatt’s goal-setting strategy with proven productivity methodology, The Full Focus Planner will connect your long-term goals with your daily tasks. And, best of all, it goes with you everywhere – the office, the airport, the coffee shop — so you can review your goals wherever you are.

Here’s what you can expect from the Full Focus Planner:

1.) Goal achievement strategy

The Full Focus Planner’s scientific method for planning and achieving goals will be your guide toward personal and professional achievement.

2.) Task tracking

Utilizing a personalized chart, you can track the tasks you complete on a daily basis, marking down your estimated time and actual completion time to facilitate better planning and goal-reaching.

3.) Finance tracking

Keeping your finances in order by frequently reviewing your accounts and spending habits will help you stick to your budget and reach your financial goals sooner.

4.) Habit tracker

Easily track your older and newer habits. This will help you evaluate which actions are holding you back from achieving and which ones are helping you move forward.

5.) Life visualize

Create a picture of your future and your career dreams to help you focus on your long-term goals.

6.) Monthly goal setting

Visualize your monthly goal. Create appropriate to-do lists and a plan for upcoming tasks that will enable you to reach your goal.

7.) Weekly planner

Planning and reviewing a weekly schedule will help keep your days focused and productive.

8.) 30-day challenge

Sometimes it’s good to take on more than you think you can handle. Challenge yourself each month with a goal that takes a bit more effort and watch your dreams turn into reality.

9.) Self-reflection

It’s important to be tuned into your inner self as you work toward your goals. Are you happy with the direction your life is taking? How can you improve your character? Self-reflection will help you listen to your inner voice.

10.) Failure mode analysis

Everyone messes up at times. Learn from your mistakes by using the planner’s systematic method for identifying where you went wrong.

11.) Stay motivated

An empty cup can’t pour. Keep your cup full with inspirational quotes and by tracking your progress and taking pride in all you’ve accomplished.

Your Turn: What keeps you from actually reaching your dreams? Share your biggest productivity pitfalls in the comments so we can all learn what does and doesn’t work!

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Glassdoor Names Jeff Sermon a Highest-Rated CEO

Our employees are to thank today as Jeff Sermon is named one of the Highest Rated CEOs on Glassdoor, according to the company’s most recent report. Glassdoor®, one of the world’s largest and fastest growing job sites, released its annual report highlighting the Highest Rated CEOs in several countries throughout North America and Europe.

Jeff Sermon appears on the U.S. Small & Medium Companies list with an impressive Glassdoor rating of 97%, due in part to recent efforts around the UCCU 60 Years celebration and the successful implementation of a new and upgraded banking system.

CEO approval ratings are gathered through Glassdoor’s online company review survey, which gathers current and former employee sentiment about job and company satisfaction, the work environment and the culture. Employees are asked to rate a number of workplace factors like compensation and benefits as well as work-life balance, and asked whether they approve, disapprove or are neutral about the job their CEO is doing. In addition, employees are asked to describe some of the upsides and downsides of working for the company and provide any advice for senior management.

Check out the complete list of Highest Rated CEOs in 2017 on the U.S. SMB list here: https://www.glassdoor.com/Award/Highest-Rated-CEOs-at-SMBs-LST_KQ0,26.htm

 

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4 Tips for Using Your Summer Auto Loan Sale

Congratulations! You’ve locked in the Summer Loan Sale rate, but now you’re wondering what you can do with it. Here are four tips for using your low rate before August 31, 2017.

Buy a New Car

With Auto Loan rates on the rise, use this low rate and our 10 Essential Car-Buying Tips to find the best deal for you and your family. New cars are a great purchase because you can have peace of mind, knowing any potential repairs will most likely be covered by the warranty.

Remember, there are typically three separate transactions or negotiations involved in buying a car.

  1. The price for the new car
  2. The price for your trade-in
  3. The financing

With this locked in rate, we’ve taken care of one-third of the purchase process! So now you can relax and focus on the other negotiations.

Refinance a Higher-Rate Auto Loan

Rates go up and down with time, and depending on the institution you financed your last car through, you might have a higher rate than you would prefer. With your low rate locked in, you may be able to refinance any auto loans you might have with other institutions any time before August 31, 2017. Any one of our auto loan experts available in every branch can help you gather all the correct information and get you the lowest rate possible!

Buy a Used Car

Buying a used car is often a smart financial choice for many reasons (just like your low auto loan rate with UCCU). A used car often reduces your insurance costs and registrations fees. Since your low rate is good for cars that are 2010 or newer, take the time you need to shop around and find the best deal! That’s the beauty of locking in your rate; you can make deliberate, smart financial decisions instead of rushing.

Share with Your Family

Family is there to support and help each other, so what better way to help someone than giving them the gift of a low auto loan rate? Your immediate family members can use the low rate you locked in and you can be the hero at the next family dinner party!

If you haven’t already, be sure to go to uccu.com/summer to lock in your Summer Auto Loan Sale base rate as low as 2.99%!*

*Any person who completes the lock-in request form at uccu.com/summer prior to 11:59 pm on July 31st, 2017 receives an auto loan interest rate lock as low as 2.99% APR (base rate). 60-month term or less, on 2010 models or newer. The 2.99% base rate redemption period will expire at 5:30 pm Thursday, August 31st, 2017. Immediate family members of those who successfully lock-in the 2.99% base rate can also use the rate. Can be used to refinance auto loans from other institutions or to purchase a new or used auto. Annual percentage rate (APR). Subject to membership eligibility. Some restrictions may apply. Limited time offer. Available on approved credit only. Federally insured by NCUA.

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