With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. Some 61% of Americans — 203 million people — are living paycheck-to-paycheck , and 13% of us are spending more than we earn . Not only is this causing us stress in the here and now, but it’s also leading to lasting regrets for...

Falling behind on loan payments can be stressful. Even one missed payment can be unsettling since it can result in interest charges, late fees, and a lower credit score. But it’s possible to get back on track and avoid loan delinquency by earning extra money or redirecting existing income at the first sign of trouble. Use these tips to help regain control of your finances. Did you know? Late...

Achieving financial goals is about making different choices. But for many people (of all ages), "choices" is code for "restrictions." So it's no wonder that setting money goals as a family can be a serious challenge. You might be met with crossed arms and a few eye rolls, but setting family money goals can teach kids about the importance of saving before they leave home — as well as help you...

It took several weeks, but you finally found the perfect laptop. There’s only one problem. The price is higher than you’re prepared to spend. A few years ago, you had two options - save up or reach for a credit card. Today, there's a third way. This laptop, and virtually any purchase, can be split into manageable payments without traditional credit card interest or a lengthy loan application...

When you're eager to say goodbye to landlords and hello to homeownership, it might seem like it will take an eternity to save for a mortgage down payment. But the amount you bring to the closing table can lower your payments and reduce the borrowing cost by shrinking the loan size. Not all savings strategies take years to achieve or require significant budget adjustments or minimal lifestyle...

Perhaps you’ve heard of the Federal Deposit Insurance Corporation (FDIC), which provides account insurance for bank customers. Credit union members are eligible for the same account coverage through the National Credit Union Association (NCUA). And members who understand how NCUA insurance safeguards their money can rest easy—even when headlines scream about a bank or credit union failure. Here...

When it comes to managing your bills and recurring transactions, choosing the right payment method is essential. Many individuals wonder if it's wise to use a credit or debit card for these automated pay subscriptions. We're here to shed light on the subject and help you make an informed decision. Using a Credit Union of Colorado Visa card for your regular monthly bills and subscriptions offers...

How CDs Work A certificate of deposit is a type of savings account that typically offers a higher rate of return in exchange for your commitment to leave the deposited funds untouched for a set period. Most financial institutions offer CD terms as short as six months and as long as five years—the longer the term, the higher the guaranteed rate of return. CD account owners deposit a lump sum into a...

Your vehicle isn't just a convenience – it's essential for getting to work, transporting your family, and maintaining your lifestyle. But with rising prices on everyday goods and services, you might feel you have to choose between making your car payment and covering other essential expenses. Fortunately, you can make a U-turn on this challenging road and head in a direction that protects your...

Hail Damage to Homes: Know Your Insurance Policy Hail storms can wreak havoc on roofs, leaving homeowners facing repair or replacement costs. Start by checking your homeowner's insurance policy to understand what's covered and what your deductible is. In Colorado, especially on the Eastern Plains, many policies have separate roof deductibles due to the frequency of hail storms. If you're unsure...