New Year Resolution: Reduce Monthly Expenses

If one of your New Year’s resolutions is to make sure your overall financial health is in good shape, it’s a good idea to dive even deeper and analyze some of your reoccurring monthly expenses that you may be wasting money on as well.

The UCCU Financial Group compiled a list of five common monthly expenses that often can be adjusted, or cut out altogether, to keep more of your hard-earned cash.

  1. Gray spending on credit cards. Far too many people with credit cards fall prey to monthly subscription expenses they quickly lose track of—such as a 30-day free trial you forgot to cancel, or a monthly Netflix fee. Consider going over the last 12 months of your credit card statements and writing down any reoccurring expenses. Then you can decide what can be changed or cancelled.
  2. Health insurance plans. It’s a great idea to see what insurance plans are available and what makes the most sense for you and your family. Be sure to do this in advance of your insurance renewal date. Most insurance companies offer a calculator feature so you can enter in all your expected health needs over a 12-month period for each member of your family and see which plan gives you the lowest out-of-pocket spending over a year’s time, not just the cheapest co-pays. You may be surprised to find out you’re not on the most economical plan!
  3. Cable TV. Consider what you watch – with the ability to live stream most network TV shows on demand and the streaming services available through companies such as Netflix, Amazon Prime, Sling TV and Hulu Plus, for many cable has become obsolete. Decide what you and your family watch and decide if expensive cable bills can be a thing of the past for you and your wallet.
  4. Home and auto loans. With interest rates, considerably low, it’s worth the time to evaluate the benefits to refinancing your home or auto loans to see if there’s a lower rate option than what’s currently on your loan(s). Refinancing to a lower rate can reduce your monthly payments by hundreds to thousands of dollars a year.
  5. Cell phone plans. Mobile companies have begun to do away with their super strict, two-year service contracts and are often overselling you on services and data you don’t actually use or need! Do some research on your current contract and your provider’s fees, discounted family plans and what you’re currently paying. See if there’s a better, cheaper monthly option for your needs that will save you money.

Don’t hesitate to contact Steve Lloyd at the UCCU Financial Group to schedule an appointment if you’d like to further discuss your financial situation. Our phone number is 801.223.7502.

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Start a Tradition this Holiday Season!

Outdoor Family Choosing Christmas Tree TogetherThanksgiving is right around the corner! This year, why not throw in one or two new activities and see how they are received by your guests? If they are enjoyed, you may have a few fun Thanksgiving traditions for years to come!

Here are some simple tradition-starting ideas that cost virtually nothing but can add a bit more meaning and a few more memories to your Thanksgiving holiday.

  1. Give back before feasting – Whether it’s running a 5K Turkey Trot that sponsors food bank charities or volunteering to help prepare and serve a hot Thanksgiving meal for a local soup kitchen, giving back to your community has a way of kicking off the holiday season in its intended spirit and yields thankfulness for what you have.
  2. Create a “What We Are Thankful for Tree” – Gather a few fallen branches from outside and place them in a vase so they resemble a tree. Cut out colorful pieces of paper into shapes of leaves and place them underneath the tree. Invite family and friends to write down anything they feel thankful for. Glue, tape or hang them from the tree and use it as a centerpiece for your Thanksgiving meal as a reflection on the year’s blessings.
  3. Toast all the way around the table – Invite each person, young and old, to take a moment to toast to “what they are most thankful for this year.” This quickly floods Thanksgiving dinner with a strong sense of gratitude and helps the flow of conversation throughout the meal as special moments are shared, remembered and celebrated.
  4. Get active after dinner – After the meal has been eaten, and possibly before dessert has been served, gather everyone in your Thanksgiving celebration to enjoy a bit of time being active outside. Grab a glass of hot cocoa and take a nice, long walk around your neighborhood together. Or, host a competitive game of whiffle ball with your family and/or neighbors! It should help stimulate everyone’s metabolism and at the very least will create some great memories.
  5. Celebrate “Friendsgiving” – Start a tradition with your friends to have a potluck party with all of your Thanksgiving leftovers the Saturday after Thanksgiving. Make it a competition to see who can have the best repurposed leftover dish or turn the gathering into an annual board game tournament! This can be a fun time to reconnect with those close friends after the Thanksgiving holiday.

If you have any unique Thanksgiving holiday traditions that your family celebrates, the UCCU Financial Group would love to hear about them! Enjoy your Thanksgiving Day!  You can contact Steve Lloyd at 801.223.7502 to schedule a no-cost appointment with one of our representatives. We look forward to hearing from you!

Curtis Willardson, CFP, CLU, Dan Palmer & Travis Morgan are registered representatives offering securities and investment advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC.  Dave Palmer is a registered representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity. Registered address: 188 W River Park Dr, Provo, UT  84604
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not a Deposit – May Lose Value
Not Insured By Any Federal Government Agency.
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When to Begin Social Security Benefits

Determining when to begin taking Social Security benefits depends on a number of factors, including whether or not you’re still working, your other sources of retirement income, how soon you need the income to help meet current living expenses, and your life expectancy. While you can begin taking benefits at age 62, many people choose to wait until they reach “full retirement” age—which is 66 for those born between 1943 and 1959, and 67 for those born in 1960 or later. Doing so entitles you to receive full benefits, whereas dipping into Social Security a few years earlier reduces your benefit amounts substantially.

The longer you wait, up to age 70, the greater your benefits will be. At age 70, you are eligible for the maximum annual benefit, which is 32% more than your full retirement benefit, and 76% greater than the benefit you were entitled to receive at age 62.

If you would like assistance in determining when to begin taking Social Security benefits, contact the office at 801-223-7502 to schedule a consultation.

All the best,

UCCU Financial Group

This communication is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC.
Cetera is under separate ownership from any other named entity.
Not NCUA/NCUSIF Insured – No Credit Union Guarantee – Not A Deposit – May Lose Value
Not Insured By Any Federal Government Agency.



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UCCU Financial Group


Here at UCCU, we value our members more than anything.  We understand and realize how important your financial future is, and we want to assist you along the way.  UCCU Financial Group helps you find the best financial options, and provides a better understanding of the financial opportunities available to you.  So what are your options?

Investments & Life Planning

Our mission is to put you in control of your finances and your future.  That’s why we have partnered up with Cetera to give you the best options.  Options include: Mutual Funds, Life Insurance, REIT (Real Estate Investment Trust) Stocks, Bonds, and Social Security Maximization.

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Senior Insurance 

Senior Insurance can be difficult, confusing, and downright complicated, but with UCCU, we make it easy.  Senior Benefits Insurance Services will cover you for the short and long-term goals you have in mind, and guide you through Medicare, Long-Term Care, Recovery Care insurance, and Senior Dental offerings.

Senior Benefits

Health Insurance

With so many options to choose from for Health Insurance, which is the best road to take?   Miller & Wade, one of Utah’s largest insurance agencies, can offer a full suite of insurance products to both individuals and businesses.  Miller & Wade offers: Individual Health Insurance, Individual Dental Insurance, Individual Supplemental Insurance Plans, Individual Short-Term health Insurance Plans, Individual Vision, Group Dental Insurance, Group Life Insurance, Group Disability, Group Vision, and Group Supplemental Insurance Plans.

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Auto, Home, AD&D Insurance 

The harsh reality is, unexpected accidents may occur at any given time.  Are you prepared for the future?  Luckily, Auto and home insurance protects against damage infliction on your home or car.  AD&D also safeguards your family’s financial security against accidental death or dismemberment.  TruSTAGE can help you find the best options for Auto Insurance, Home Insurance, and Ad&D Insurance.


We care about our members, and their future.  Let us assist you in your financial future, and help you find the best options for you, and your family. Whether you are trying to be a shareholder for a corporation, or simply trying to find the best health insurance option, we are here to help!  So please visit our UCCU Financial Group link today for more information!

If you have any question, click HERE for more information, or call us at 801-223-8188, or email us at



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Retirement Matters


Retirement living conjures up various images. Some see retirement living as traveling. Others envision more family time. Still others simply look forward to more free time. No matter what your view, there are a number of questions and concerns that … Continue reading

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How Will Working Affect Social Security Benefits?


In a recent survey, 70% of current workers stated they plan to work for pay after retiring. And that possibility raises an interesting question: How will working affect Social Security benefits?  To answer that question requires an understanding of three … Continue reading

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Rollover Your IRA or 401k and Get $50!


Just a reminder, if you rollover your IRA or 401k Accounts today you will get a $50 gift. Visit us at our Riverwoods Branch or call us at 801.223.7502 for more information.  

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Buyer Relax Auto – Why It's Good to Get Pre-Approved

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Buying a car can be stressful, that’s why at UCCU try to help you get the best deal and lowest rate possible. At UCCU Relax, we have useful tips and information for those who are buying a car, or a boat, or an RV. Read the  10 ESSENTIAL CAR BUYING TIPS  to help you through each part of the car buying process.

One of the best things to do, before even looking for a car, is to get pre-approved. It will save you the hassle of haggling at the dealership when you tell them right from the start what you can afford. Plus at UCCU we have the lowest rate—guaranteed. So you can shop with confidence.

Utah Community Credit Union makes buying a vehicle easy. We take pride in helping you with your vehicle purchase by offering low interest rates on all of our Auto Loans! Apply now!

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Stop by any UCCU branch or call our Auto Buying Experts at 801-223-UCCU and we’ll help you make an effective car-buying plan. We’ll also get you pre-approved for the lowest rate and review every transaction with you before you sign the deal.

*ANNUAL PERCENTAGE RATE (APR). Late payment fee is 5% of the payment due or $25.00, whichever is greater. Some restrictions apply. Rates, terms, and conditions are subject to change without notice. **84 month financing available for loan amounts over $20,000.


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Take the First Step – Start Planning Your Financial Future

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