11/27 Black Friday Loan Deals Winners

The following winners of the 11/27 daily random drawings have been notified via email. Please call (800) 453-8188 if you have any questions.

AUTO 1.99% APR

  • Brian M. – Orem
  • Robert P. – Bountiful
  • Catherine P. – Orem
  • Brett W. – Saratoga Springs
  • Jenny L. – Santaquin
  • Alexsei P. – Nephi
  • Jared J. – Saratoga Springs
  • Darren F. – Orem
  • Amber H. – Elk Ridge
  • Jared H. – Mapleton
  • Jason W. – Saratoga Springs
  • F Lucretia T. – Elk Ridge
  • Jacob J. – Saratoga Springs
  • Joseph B. – Provo
  • Connor F. – American Fork
  • Meghan G. – Sandy
  • Morgan B. – New Albany
  • Katy H. – Lehi
  • Thomas T. – Orem
  • Kelly and Heather K. – Payson

AUTO No Payments for First Three Months

  • Kevin F. – Springville
  • Kolton G. – Orem
  • Rebecca M. – Orem
  • Alan E. – Spanish Fork
  • Cody D. – American Fork
  • Josh J. – High Point
  • Cole W. – Eagle Mountain
  • Jonathon J. – Mapleton
  • Brayden W. – Payson
  • Jacob K. – Orem
  • Nancy J. – Springville
  • Sandra C. – Springville
  • Andrew S. – Eagle Mountain
  • Chad D. – Ogden
  • Lori W. – Fort Worth
  • Jared J. – Lehi
  • Charles F. – Sandy
  • Sharee M. – Payson
  • Nancy J. – Springville
  • Crissa B. – Payson

Credit Card 3% Cash Back Balance Transfer

  • Gina W. – Lindon
  • Nancy H. – Cleveland
  • Bryan T. – Orem
  • David N. – Spanish Fork
  • Pearl H. – Pleasant Grove
  • Kevin T. – West Jordan
  • Mehanamaiola K. – Provo
  • Juan C G. – Kearns
  • Deborah L. – Lehi
  • Nathan R. – Mapleton
  • Shelley D. – Ogden
  • Julie B. – South Jordan
  • Felisha M. – Orem
  • April T. – Taylorsville
  • Brian H. – Vineyard
  • Brad O. – Lehi
  • Richard V. – Orem
  • John R. – Payson
  • Peter C. – Heber City
  • Darrell R. – Salt Lake City
  • Sara D. – Cottonwood Heights
  • Rebecca H. – Lindon
  • Belja A. – Murray
  • Jacob O. – Spanish Fork
  • Oleah M. – Green River

Home Equity 0.99% APR Fixed for 6 Months, 4.50% Variable Thereafter

  • Dustin T. – Highland
  • Amie C. – Spanish Fork
  • Karen B. – Santaquin
  • Debie J. – American Fork
  • Emily R. – Woodland Hills
  • Rebeca H. – Orem
  • Roselle H. – Mapelton
  • Michael T. – Mapleton
  • Brandon P. – Herriman
  • Raymond C. – West Jordan
  • Michelle T. – Orem
  • Dominque E. – Mapleton
  • Lisa H. – Mapleton
  • Spencer P. – Mapleton
  • Peggy E. – Eagle Mountain
  • Alan U. – Sandy
  • Chris C. – Draper
  • Tammie C. – Springville
  • Zachary B. – Herriman
  • Elli H. – Spanish Fork
  • Michelle F. – Springville
  • Gary A. – Provo
  • Maria H. – Highland
  • Megan S. – Provo
  • Glen M. – Payson

Personal Loan 4.99% APR

  • Byron M. – Mapleton
  • Jared B. – Springville
  • Kristi G. – Provo
  • Ammon P. – Provo
  • Eric S. – Provo
  • Baylee V. – Pleasant Grove
  • Catherine B. – Salt Lake City
  • Melinda W. – Provo
  • Sultan A. – Pleasant Grove
  • Patrick A. – Orem
  • Arlene E. – Eagle Mountain
  • Eric K. – Lehi
  • Travis T. – Lehi
  • Jeremy C. – Springville
  • Daniel W. – Saratoga Springs
  • Steven H. – Eagle Mountain
  • Michelle G. – Lehi
  • Christina K. – Orem
  • Jennifer C. – Springville
  • Jason S. – Saratoga Springs
  • Joel C. – Utah
  • Brittani D. – Saratoga Springs
  • Crystal Y. – Highland
  • Renee L. – Pleasant Grove
  • Chasity B. – South Jordan

Mortgage Free Home Inspection

  • Taz S. – Taylorsville
  • LaNae S. – Lehi
  • Ryan H. – Layton
  • Lindsay W. – Oklahoma City
  • Mandy T. – Orem
  • Taylor O. – American Fork
  • Jordin C. – Heber City
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11/24 Black Friday Loan Deals Winners

Auto 0.99% APR

  • Tregan E. – Sandy
  • Josh E. – Spanish Fork
  • Travis I. – Lehi
  • Jared E. – Spanish Fork
  • Shane S. – West Valley City

AUTO 1.99% APR

  • Karin P. – Springville
  • Darin R. – Santaquin
  • Esther A. – Lehi
  • Aaron J. – Mapleton
  • Matthew R. – Lehi
  • Rusty B. – American Fork
  • Chelise W. – Payson
  • Sharon C. – Orem
  • Roger P. – Mapleton
  • Laurie F. – Sandy
  • Osvaldo S. – Provo
  • Nicholas R. – Highland
  • Deborah A. – Orem
  • Kevin K. – Orem
  • John B. – South Ogden
  • Ashly M. – Lehi
  • Janice W. – American Fork
  • Stephen M. – Orem
  • DeVan L. – Mukilteo, WA
  • Josue R. – Springville

AUTO No Payments for First Three Months

  • Myron B. – Eagle Mountain
  • Tricia B. – Heber City
  • Ben S. – South Jordan
  • Makenna F. – Spanish Fork
  • Malcolm B. – Highland
  • Adam M. – West Jordan
  • Diana S. – Lehi
  • Marc W. – Lehi
  • Josh S. – West Jordan
  • Ansley F. – Lindon
  • Jeremy M. – Herriman
  • Adam C. – Springville
  • Nicolette A. – Saratoga Springs
  • Melany L. – Provo
  • Annaletta M. – Eagle Mountain
  • Melinda M. – Orem
  • Angela H. – Orem
  • Andrew W. – Lehi
  • Connie S. – Provo
  • TJ M. – Salem

Credit Card 3% Cash Back Balance Transfer

  • Melanie J. – Manti
  • Peter S. – Nephi
  • Brandon L. – Sandy
  • Audra P. – Orem
  • Eric K. – Alpine
  • Carolyn A. – Heber City
  • Shelli G. – Herriman
  • Haven N. – Payson
  • Michael C. – South Jordan
  • Melissa A. – Sugar City
  • Melanie H. – Pleasant Grove
  • James J. – Eagle Mountain
  • Jared W. – Orem
  • Alycia R. – Pleasant Grove
  • Vitto C. – Park City
  • Marc T. – Riverton
  • Kimball D. – Draper
  • Dale H. – Grand Junction, CO
  • Randall L. – Orem
  • Kathy D. – Riverton
  • Donald J. – Orem
  • Stephen M. – Saratoga Springs
  • Kristy S. – Eagle Mountain
  • Marci L. – Wellsville
  • Tiercy H. – Eagle Mountain

Home Equity 0.99% APR Fixed for 6 Months, 4.50% Variable Thereafter

  • Erin K. – American Fork
  • Bryan K. – American Fork
  • Ryan R. – Salem
  • Richard G. – Highland
  • Rob M. – Pleasant Grove
  • Stacy D. – Orem
  • Roger W. – Mapleton
  • Nancy T. – Vineyard
  • Patrice H. – Heber City
  • Alyssa N. – Spanish Fork
  • Daniel B. – Riverton
  • Shantel J. – Eagle Mountain
  • Gina B. – Orem
  • Doug M. – Salt Lake City
  • Ray M. – Lindon
  • Lindi S. – Saratoga Springs
  • Nick S. – Saratoga Springs
  • Robert W. – Eagle Mountain
  • Gabriela R. – Spanish Fork
  • Darrell H. – Bluffdale
  • Daniel C. – Provo
  • Patricia H. – South Jordan
  • Emily C. – Genola
  • Gary C. – Herriman
  • Donald H. – Highland

Personal Loan 4.99% APR

  • Richard F. – Payson
  • Jonathan B. – Orem
  • Carla H. – Saratoga Springs
  • Trevor T. – Eagle Mountain
  • Belinda C. – Lehi
  • Morgan R. – Saratoga Springs
  • Camille C. – Springville
  • Michelle W. – Saratoga Springs
  • Rebecca J. – Provo
  • Michael O. – Provo
  • Kristy S. – Payson
  • Lionel R. – Eagle Mountain
  • Colleen F. – West Jordan
  • Monique F. – Wallsburg
  • Jared J. – Lehi
  • Jay M. – Orem
  • Seth W. – Salt Lake City
  • Taralyn F. – Provo
  • Christy H. – Eureka
  • Sandra B. – American Fork
  • Rohit R. – Draper
  • Scott T. – Springville
  • Nancee H. – Midway
  • Aaron H. – Layton
  • Mary B. – Spanish Fork

Mortgage Free Home Inspection

  • Rebecca F. – American Fork
  • Jacey W. – Provo
  • Stephanie M. – Salem
  • Richard N. – Riverton
  • Kyle C. – Heber City
  • Aaron B. – Bluffdale
  • Danny R. – Saratoga Springs

Mortgage $2500 RC Willey Shopping Spree

  • Breanna B. – Spanish Fork

 

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How Can I Shop Safely On Black Friday?

Most people love the prospect of saving big on Black Friday sales, but are worried about the risks.  Between the danger that crowds pose and the possibility of your credit card being compromised, there’s a lot that can go wrong.  Black Friday does pose some serious risks to shoppers, but with the proper safety measures, you can protect yourself without missing out on the biggest shopping day of the year.

Here’s how:

1.) Plan ahead

Planning ahead means you’ll spend less, be out of line faster and decrease your risks. Sites like BlackFriday.com can help you plan your day and find the best deals.

2.) Credit card only

Credit cards are the best way to shop when there are high risks to your safety. You can always dispute a charge; you can never reclaim stolen cash. Also, keep your card as close to you as possible. If using a debit card, cover the payment terminal with your other hand when inputting your PIN.

3.) Shop with a friend

The mall may be crowded, but a determined criminal can find a way to corner you and empty your wallet or take your bags. Stick with your friends and never enter deserted areas alone.

4.) Keep your cool

Nothing you can purchase on Black Friday is worth your health or safety. Avoid all scuffles with fellow shoppers.

5.) Move your car

If you spend the day at the mall and routinely drop off your bags in your car, it’s best to move your car to a different spot. Thieves watch shoppers leaving the mall with lots of bags and follow them to their cars. If they see you dropping off your goodies and then heading back to the mall, they’ll consider making off with your things. If you drive off, though, they’ll think you’re leaving and won’t follow you.

6.) Online safety

Black Friday and Cyber Monday are notorious for online scams of every kind. Here’s what to remember when shopping online:

A.   Beware of phishing scams

Be alert for suspicious looking emails and links. Delete anything that doesn’t look right.

B.   Make sure your connection is secure

Verify security by looking for the padlock icon on the address bar and by using sites with an “S” tacked on to the “http.”

C.   Pay securely

Only use trusted payment systems like PayPal or GoogleWallet. Shop from sites you trust and make sure they’re legitimate by checking the URL and looking out for sites that end in .org or .net. Never agree to wire money for a purchase.

D.   Strengthen your system

Before shopping online, check that your device’s security systems are updated with the most recent protection and security patches. If you’re using Wi-Fi, make sure the network is secure and requires a password to join.

Your Turn: Do you have any other tips for safe shopping on Black Friday Cyber Monday? Share them with us in the comments!

SOURCES:

https://www.google.com/amp/s/venturebeat.com/2014/11/28/5-things-you-can-do-to-stay-safe-shopping-online-on-black-friday/amp/

https://www.moneycrashers.com/black-friday-tips-for-safe-shopping/

https://www.google.com/amp/www.telegraph.co.uk/black-friday/0/11-tips-for-staying-safe-shopping-online-on-black-friday-and-cyb/amp/

https://www.google.com/amp/mashable.com/2016/11/21/online-shopping-safety-black-friday-cyber-monday.amp

https://www.consumersafety.org/news/safety/stay-safe-shopping-on-black-friday-and-cyber-monday/

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Thanksgiving Costs: 7 Ways To Save

Thanksgiving means giving thanks for all the good in our lives. It also means stuffed turkey and gravy, cranberry pie and mashed potatoes. It’s a time-honored tradition of spending time enjoying a delectable holiday meal while in the company of those we love.

It can also mean spending an awful lot of money.

According to the American Farm Bureau Federation, the average host cooking a Thanksgiving dinner for 10 guests will spend approximately $50 on the dinner alone. Of course, if you’re expecting more than 10 guests or you tend to overspend when hosting, your costs can easily top that amount. Between the turkey, ingredients for that luscious holiday meal and décor to set the ambiance, hosting a Thanksgiving dinner is not cheap.

Looking for ways to cut back without compromising on the quality and festivity of your meal? Look no further! At UCCU, we love to keep your wallet plump. That’s why we’ve compiled a list of seven easy ways for you to save on your Thanksgiving costs this year.

1.) Verify your guests’ attendance

Before you start writing up a spectacular menu or a detailed shopping list, check to make sure you have an accurate head count of the guests and family members who will be joining you for Thanksgiving dinner. You don’t want to end up with a fridge full of leftovers. Verify that all who are invited are indeed planning on showing, and only then begin planning your menu.

2.) Find out what your guests like

While you’re doing your inviting, ask for your guests’ individual tastes. You don’t want to forget that Great Aunt Martha is on a strict gluten-free food plan or that your cousin’s spouse is a vegetarian. Aside from specialized diets, ask about particular foods your guests like to eat and those they won’t touch. If something on your menu isn’t very popular with your guests, skip it – even if you think it’s an “obligatory” Thanksgiving food. This way, you won’t slave over a pumpkin soup that nobody will touch or end your holiday meal with trays full of leftovers and lots of hungry guests.

3.) Make it a potluck

Slash your spending and your stress in one step by answering an enthusiastic “yes!” to every guest who asks if they can bring something. Don’t just say “anything’s fine,” though, or you might have seven desserts. Instead, create a Google Sheet or group message with your planned menu and let your guests input what they’d like to contribute to the meal. This way, they’ll know exactly what you need, you’ll know what they’re bringing, and best of all, you won’t be doing all the cooking yourself.

4.) Serve on smaller plates

Most people will load up their plates to capacity, regardless of the plate’s size. Curb the wasting at your table by using smaller dinnerware. Let your guests load up all the way without leaving half-full plates. They can always refill if they still want to eat more later.

5.) DIY décor

You can set a beautiful holiday tablescape without blowing your budget; all it takes is a little imagination. Shop the local dollar store for discounted décor that still packs a punch, like colored vases, fake flower arrangements, and other centerpieces. Look for easy, inexpensive DIY ideas online. Finally, get creative by using things from around the house – or yard – as your décor. For instance, you can create a whimsical candleholder by affixing cinnamon sticks around a candle or design an autumn-themed centerpiece with leaves and pinecones from your own yard.

6.) Shop the sales

Grocery stores and shopping centers tend to run specials on turkeys and other Thanksgiving staples starting as early as Halloween. Plan your menu several weeks in advance so you can take advantage of these sales. Keep it flexible until you see the circulars and then base your dishes on the ingredients and produce that’s cheapest. Also, be sure to shop around for your turkey! Supermarkets tend to have the best deals on the birds, with some even running free turkey deals when you spend a specific amount on other groceries.

7.) Cook from scratch

Most everything is less expensive – and tastes better – when it’s homemade. Think gravy, mashed potatoes, stuffing and apple pie. Start your cooking well enough in advance so you don’t find yourself relying on too many convenience foods and paying the price both in cash and taste. Your wallet and your guests will thank you!

When you gather ’round the table with family and friends this Thanksgiving, you can be thankful for all the good in your life without feeling guilty over how much you spent on the meal. All it takes is a little planning!

Your Turn: What are your best Thanksgiving dinner hacks? Share them with us in the comments!

SOURCES:

https://www.google.com/amp/s/www.forbes.com/sites/mayakachroolevine/2016/11/16/9-realistic-thanksgiving-hacks-to-cut-your-costs-this-month/amp/

http://www.chasingfoxes.com/10-super-easy-dollar-store-thanksgiving-decor-ideas/

https://www.money.usnews.com/money/blogs/my-money/2013/11/07/7-ways-to-save-money-on-thanksgiving-dinner

https://www.google.com/amp/s/www.thepennyhorader.com/smart-money/save-money-thanksgiving-dinner/amp/

https://www.google.com/amp/s/usatoday.com/story/94074598/

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The 4-Hour Workweek: How To Work Less And Live More By Tim Ferriss


When asked, “What do you do?” Tim Ferriss never gives the same answer twice.

Sometimes, he says he skis in the Andes; other times, he claims to spend his days racing motorcycles through Europe. The young entrepreneur who runs a worldwide firm essentially spends his time doing whatever he pleases.

Wish you had the same freedom? Tired of spending most of your waking hours chained to a desk? Slave to your own business? Then the 4-Hour Workweek is a must-read for you!

This life-transforming work by visionary Tim Ferriss has spent seven years on the NY Times bestsellers list. Recently, over 100 pages of cutting-edge content has been added to this classic, making it a hit all over again.

The book is designed to show anyone who’s overworked and unhappy how to work less and live more. The 4-Hour Workweek will put you on the path toward living your dream – putting family first, drastically cutting the time you spend at the office, increasing your income without increasing your work time and enjoying life instead of longing for retirement.

Tim opens his book by explaining that, when most people dream of finding that pot of gold, they don’t really need the dollar signs – they need the time, mobility and freedom – which they connect with having that money. Once that misconception has been cleared, you can redefine your goals so your dreams are not dependent on having a certain amount of money, but on living a particular lifestyle.

The book works around the acronym DEAL:

  • Definition: Replace self-defeating assumptions
  • Elimination: Learn how to ignore the unimportant (generates time)
  • Automation: Put cash flow on autopilot (generates income)
  • Liberation: Create freedom of location (generates mobility)

Here’s what you’ll learn when you read The 4-Hour Workweek:

  1. How Tim changed his life from working 80-hour weeks and earning $40k a year to working 4-hour weeks and earning $40k a month.
  2. How to cheaply outsource your life to overseas workers and let your money grow as you spend your time doing what you really want.
  3. How escape artists travel the world without quitting their jobs.
  4. How to eliminate 50% of your work in 48 hours by using the brilliant principles of an Italian economist.
  5. How to trade a 9-5 job for brief bursts of intense work and frequent mini-retirements.
  6. The difference between absolute and relative income and how it affects your work ethic.
  7. The definition of automated cash-flow “muses” and how to create one in less than 5 weeks.
  8. How to cultivate selective ignorance with a low-information diet, thus creating time.
  9. The management secrets of remote-control CEOs.
  10. How to get free housing worldwide and airfare at a 50-80% discount.
  11. How to create a meaningful life after removing the burden of full-time work.

New additions to the book include:

  1. More than 50 practical tips and case studies from readers who have incorporated the book’s principles into their lives and doubled their incomes.
  2. The latest tools, tricks and high-tech shortcuts for living like a millionaire.

While not everything in the book is practical for all entrepreneurs, and plenty of people have criticized his ideas, there’s enough solid information in the book to make it a worthwhile read.

Your Turn: Do you have ideas for working less while accomplishing more? What’s worked for you? We’d love to hear about it!

SOURCES:

http://www.goodreads.com/book/show/368593.The_4_Hour_Workweek

http://www.deconstructingexcellence.com/the-4-hour-workweek-summary/

http://fourhourworkweek.com/

https://www.google.com/amp/s/www.forbes.com/sites/joshsteimle/2013/05/31/a-love-letter-to-tim-ferriss-the-4-hour-workweek/amp/

http://tim.blog/overview/

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Business Book Review: Finding Your Why

Simon Sinek’s bestselling book, Start With Why, has inspired millions of readers to rethink their life goals and their daily choices.

In his more recent release, Finding Your Why, Sinek speaks more directly toward business owners and continues where Start With Why left off. It’s an actionable guide that will show you exactly how to apply the author’s powerful tools in your business, company and work life.

Start With Why encouraged readers to think about the forces driving them to lead the life they live; Finding Your Why teaches readers to use that “why” for creating a better business and workplace.

Co-authored by Peter Docker and David Mead, this book serves as a dynamic, resourceful guide for giving your business your all. That’s because Sinek believes everyone is entitled to wake up each morning and feel inspired to go to work. Every person also deserves to return home later feeling fulfilled and accomplished. There’s no place for the humdrum in his world!

According to Sinek’s philosophy, the only way to reach that point of constant inspiration and fulfillment is to have a full understanding of WHY you do everything you do. Identifying the underlying objective of your company, and your own personal ambitions, will allow you to fully focus on bringing your business to the next level and surpassing all of its goals.

Packed with detailed exercises, illustrations and actionable steps for every stage of the process, Finding Your Why will help you address and resolve many common concerns, including:

  • What if my WHY sounds identical to my competitor’s?
  • Am I allowed to have more than one WHY?
  • If my work doesn’t match my WHY, what should I do?
  • What if my team can’t agree on our WHY?

Whether your business is long-established, is still in its starting stages or simply needs a boost, the exercises in this book will lead you along a path toward long-term success and fulfillment — for you and your team. Never have a dull or unproductive day at work again!

The engaging stories sprinkled throughout the book will keep you turning those pages and make it into a quick read. Released late in the summer of 2017, Finding Your Why is enjoying strong popularity. Critics, though, find that some of the book’s steps can be difficult to process and integrate into real business life.

Do you know your WHY? Find out by picking up your copy of this book today.

Your Turn: Do you leave for work each day feeling inspired? What keeps you going? Share your own WHY with us in the comments!

SOURCES:

https://www.goodreads.com/book/show/29496432-find-your-why

https://www.amazon.com/gp/aw/d/0143111728/ref=pd_aw_sim_sbs_14_1?ie=UTF8&psc=1&refRID=4JHYAMFYA1ZYNC4YFY1K&dpPl=1&dpID=51HLRbWW%2BeL#productDescription_secondary_view_div_1506310859752

https://www..waterstones.com/book/find-your-why/simon-sinek/9780241279267

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Investing – Step #2: Start Saving

Don’t invest a penny before you build a substantial savings account.

This might sound counterintuitive to a wannabe investor, but it’s important to have a solid cushion of savings before you start putting your money into the market. Life is full of surprises. You don’t want to be caught in an emergency that leaves you desperate for cash when all your funds are tied up in bonds, CDs and stocks.

This month, work on building up your savings to minimize risk. Here’s how.

  1. Follow the 50/30/20 rule. Financial advisers suggest that 50% of your income goes toward necessities, like your mortgage, transportation and food costs; 30% goes toward discretionary non-essentials, like dining out, paying for a top-tier cellphone plan and updating your wardrobe; and the last 20% goes toward savings. If you begin dividing each paycheck automatically, you’ll launch a habit of saving that will greatly enhance your financial life.
  2. Put away three to six months of living expenses. Now that you are in the habit of saving, the next sensible step is to put that money toward something substantial. Experts suggest the first step of saving is building up an account that is large enough to cover your living expenses for three to six months. This will tide you over in case there’s an unexpected event that keeps you from earning your regular salary. That may be an illness, your company downsizing or anything that leaves you suddenly unemployed. Calculate exactly how much you need to live on each month, and start saving. Then, even if the unthinkable happens, you won’t be up a creek without a paddle.
  3. Build up a series of cash reserves – including an emergency fund. Aside from living expenses, it’s important to have accessible cash for those unanticipated events, like a major household repair or a medical emergency.

Your Turn: What steps have you taken toward building your savings this month?

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Financial Tips For Single Parents


Smart money management is always important, but it can take on more urgency for those who are without a partner. Whether you’re divorced, widowed, or single by choice, single parenting brings unique budgeting challenges.

Marilyn Timbers, a Connecticut-based financial advisor, says of having to raise a child on one income: “Children are a joy, but they do not come cheap.” The U.S. Department of Agriculture notes in a report that it costs an estimated $241,080 for a middle-income couple to raise a child to age 18, and some single parents have to shoulder that responsibility alone. Even if child support is adequate – unfortunately nearly 50% of that support is never paid – you’ll do yourself a favor if you think ahead about financial matters as a single mom or dad.

Estate planning is your first priority, according to Lisa Hay of Ascend Financial. It’s essential to make arrangements for your children should you become incapacitated, and this means spending time on two documents that no one enjoys thinking about: a will, which specifies a guardian for your children and how you’ll pass assets down to them; and a “power of attorney,” which gives someone the legal right to make decisions on your behalf if you’re unable to do so.

You may also want to set up a trust. A trust is a legal structure in which your assets can be held for the children. It is overseen by a trustee. And check with your employer to see if it offers a disability benefit. Generally, you will get a reduced income amount when you claim disability – anywhere from 50% to 70% of your salary. “Your income is your most important asset,” says Tom Morrill, owner of Morrill Insurance Group. Insuring it can be especially crucial for single parents who don’t have a second income to cover a gap.

Hay also says be sure to have life insurance. What you purchase will depend on your finances, but a term policy is most economical because it’s a straightforward death benefit. A healthy 33-year-old woman, for example, would pay roughly $240 a year for a 20-year term, $500,000 life insurance policy. This would get your child through college should something happen to you.

Health insurance is “the number one insurance need for a single parent,” according to Morrill, who considers life insurance a close second. People often complain about the cost, but if you’re uninsured, a serious medical procedure or hospital stay can be disastrous to your finances. And, of course, losing a job or becoming ill is still more catastrophic as a single parent than as part of a two-income couple. A recent Harvard study revealed that 62 percent of bankruptcies were caused by medical debt. You can comparison-shop for policies at your state’s marketplace or at HealthCare.gov.

Along with the rest of your boring-but-necessary financial thinking, don’t forget about tax breaks. If you’re a single parent, you should probably file as head of household (not as single) because you’ll often pay less and get to claim a higher standard deduction. You can also claim exemptions for yourself and each qualifying child. You also might qualify for the earned income tax credit, the child and dependent care credit (if you pay someone to care for your kids), and the child tax credit.

As far as day-to-day household operations, here are a few more things to keep in mind:

  • Credit cards – In The Financial Guide for Single Parents Workbook, Larry Burkett warns single parents that, while credit cards may seem like an easy way to fill in the gaps of a decreased income, it’s wise to avoid using them as much as possible.
  • Shopping in general – Many single parents have to make lifestyle adjustments after a divorce or the death of a spouse. You may need to consider moving or changing your spending habits. Burkett notes that lots of people like to go shopping to cheer themselves up, but the added debt you’ll incur will only make you feel worse. This even applies to groceries, which are an expensive part of the budget. Plan that trip carefully, too, so you can better avoid impulse buying.
  • Holidays – Guilt causes many single parents to overindulge their children, even if they can’t afford it. This is especially true during holidays and birthdays. Be sure to set designated amounts for gifts, and stay within the budget.
  • Ask for help – Check with your credit union for financial advice. And there are many nonprofit organizations with programs specifically designed for single parents.

Whatever your income, it’s important to give yourself a safety net, because emergencies happen. Put aside a little bit of money from each paycheck to set up an emergency fund for car repairs, broken refrigerators and other realities of life. As a general rule, experts recommend having six months’ worth of non-discretionary expenses in an account that is separate from the one you use for daily expenses. That could be a savings account or possibly a low-risk investment account.

Bucket budgeting can help, says Jan Cullinane, author of AARP’s The Single Woman’s Guide to Retirement. That means creating four different accounts: one for fixed monthly expenses such as food and bills, another for long-term expenses like retirement or replacing appliances, a third for emergencies and a fourth for discretionary spending.

“Put the appropriate amount of money into the first three, and whatever is left is your discretionary or ‘fun’ spending,” says Cullinane. “If there is nothing left for that month in the ‘fun’ bucket, you simply go without – you don’t dip into the other buckets. Harsh, but necessary.”

And it’s more doable than you’d think. One study asked people if they could save 20 percent of their income. Most respondents said no. But, when asked if they could live on 80 percent of their income, most said yes. “Be aware of how you frame questions to yourself,” Cullinane says. “You might be surprised.”

Your Turn: Have you faced tough questions and financial circumstances as a single parent? What were the most useful solutions you found?

SOURCES:

http://www.familyminute.com/articles/parenting/single-parenting/financial-pitfalls-for-the-single-parent/#.WTnLa2jyvIU

http://money.usnews.com/money/personal-finance/articles/2013/10/17/the-best-budgeting-strategies-for-single-parents

http://www.cheatsheet.com/personal-finance/5-personal-finance-tips-for-single-parents.html/?a=viewall

https://www.betterment.com/resources/life/family/7-financial-planning-tips-single-parents/

http://abcnews.go.com/Business/top-financial-planning-tips-single-parents/story?id=20906018#

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Your Financial Reality VS Your Financial Priorities

 

Do you ever get the feeling that your financial priorities might be out of whack? Start putting together all your receipts, account statements, credit card bills and other piles of paper that comprise your recent financial history, and try this three-step process to find out.

1. Establish your priorities

Going through the daily motions of life, you may never have time to think about the reasons for which you’re earning money. Very few people are getting up and punching the clock every morning with the hope of building a Scrooge McDuck-style money room. Most of us are trying to put food on the table, keep the lights on and provide for our loved ones. Those things are our priorities.

Write down on a sheet of paper the top five things you want to achieve with your money. Number one will likely be paying bills, but there’s quite a bit of flexibility in the rest of the list. Are you saving for a down payment for a house? Maybe you want to take a dream vacation or start a small business. Perhaps financing your children’s higher education is a priority for your family. You might have charities you like to support, or dreams of retiring early.

Spend some quality time thinking about where you want to spend your money. If keeping to five options feels too limiting, feel free to go beyond that. Just keep the list in order of what you want to do. There aren’t right and wrong answers here. If your priority is owning the world’s largest Barney the Friendly Dinosaur costume collection, that’s fine. What matters is that your list reflects your values and commitments.

2. Identify your realities

This is where that mountain of paper in front of you comes in handy. Take stock of your spending in any given month. For each of your financial priorities, how much of your paycheck goes to each?

Make a list of your top 10 categories of spending. Try to account for as much of your paycheck as you can. Put your biggest expenses at the top, and then list all the way down to the smallest. Feel free to make categories as you go and reshuffle them as patterns become more apparent. Don’t stress too much about where to categorize things. Just go with your gut.

Now, compare the list of expenditures to the list of priorities. Is your money going where your mouth is? Are you spending to bring yourself closer to your priorities, or do they just exist on that sheet of paper you had in step one?

3. Make a plan to fix it

Don’t get discouraged if you find you’re nowhere near your priorities. Remember the statistic in the beginning. Half of Americans usually spend their tax refund on a big-ticket purchase or a vacation, and most of them also say they want to save for retirement and get out of debt. You’re not alone in living far away from your financial ideals.

It might not be a bad idea to revisit your priorities briefly. Perhaps you were too strict when you set your priorities. It might be that you prioritize day-to-day comfort. There’s nothing wrong with doing so, but look where it ranks on your list of priorities. Is the joy you get from your daily indulgences worth the trade-offs it brings? In short, given the plans you have, do you regret any purchases? Those are the ones you want to cut from your budget and lifestyle.

You don’t need to switch overnight from your current financial attitude to one that’s totally in line with what you want your money to do. Making too strict of a plan will make you unhappy, frustrated and more likely to bend back the other way. Don’t let perfect be the enemy of good.

Pick one action you can take tomorrow to bring yourself closer to achieving your priorities. Cancel a monthly music subscription and put the $10 into a savings account. Cook in one more time next week and put the difference toward your credit card bill. Once these changes start to feel effortless, look for more ways you can tweak your spending habits to make your priorities and realities line up a bit better.

If you need help reaching your savings goals, UCCU can help. There are many ways you can automate your savings and assist in keeping you on the right track. Call (800) 453-8188 or stop by a UCCU branch today!

Sources:

http://moneyning.com/money-management/what-are-your-biggest-financial-priorities/

http://www.forbes.com/sites/maggiemcgrath/2016/03/16/is-your-money-going-where-it-needs-to-how-to-get-your-financial-priorities-straight/4/#f0d85fd1ba22

http://www.bankrate.com/finance/taxes/how-americans-will-spend-their-tax-refund-2.aspx

http://money.cnn.com/pf/storysupplement/tax_refunds/

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TrueBill: Never Pay For An Unused Service Again

In this age of super convenience, subscription services are a popular choice for many consumers. From gym memberships to Netflix, automatic monthly payments simplify getting the services we want and take the hassle out of paying yet another bill.

But, when those payments are being withdrawn from our accounts for things we never use, that convenience can quickly turn into an awful nuisance.

That’s why, when Yahya Mokhtarzada discovered he was getting billed for a monthly subscription fee to an airplane Wi-Fi provider, he was so annoyed that he launched a company. His brainchild, TrueBill, has only one goal in mind: to save you money.

How do you keep track of every free trial you sign up for and remember to cancel them before you start paying? How do you prevent yourself from getting hit with fees for services you never use? The answer is TrueBill, which offers a free service to keep track of every subscription you pay for.

All you need to do is link your credit card account to their secure site. Within days, TrueBill will send you an email that lists every automatic payment you’re making. Prepare to be surprised! It might be Amazon Kindle you once signed up for but never use or a Wi-Fi service you once needed on a trip abroad. TrueBill nearly always unearths an unused subscription.

Unfortunately, too many companies make signing up for free trials and paid services extraordinarily easy, but make cancelling them super complicated. That’s why the app is more than just finding ongoing payments; TrueBill also cancels them for you.

The app will notify you about price increases for services you actually do use, since companies too often neglect to inform you about price changes. In addition, as a Truebill member, you can feel free to try out new services and complimentary trials without fearing you’ll forget to cancel your subscription. You can count on TrueBill to do it for you.

Mokhtarzada claims that TrueBill saves its members an average of $512 a year. That’s no small change! With TrueBill, you’ll save money and never pay for something you don’t use again.

Your Turn: Did you ever find out you were paying for a service you don’t use? Share your experience with us in the comments!

SOURCES:

https://www.truebill.com/

https://www..google.com/amp/s/amp.cnn.com/money/2016/04/21/technology/trim-truebill-subscriptions/index.html

https://www.google.com/amp/amp.timeinc.net/fortune/2016/03/29/subscription-startups-truebill/%3Fsource%3Ddam

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