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7 House Buying Tips to Save Money

7 House Buying Tips to Save Money

Posted On: July 12, 2021 by American First Credit Union in: General, Home, Loans, Savings

It’s finally house-hunting season and you could not be more excited to get the ball rolling on your big purchase! Before you hit the road or the search bar, consider these 7 steps.  1. Know Your Limits  Before signing the papers or falling in love with the first home you see, be realistic about what is in your budget. We recommend spending no more than 25 percent of your monthly income on the mortgage. When you know what this number is, be sure to stick with homes in that price range. Don’t even go into homes that are going to be proportionately out of that limit, or you may kick yourself later as you feel straddled with a home you can’t afford.  2. Be Realistic About Fixer-Uppers  While they are fun to watch on TV, if you do not have the skillset to fix homes, a house that needs a lot of TLC is likely not for you. Many see a low price on a home and jump on it, thinking the work needed will be minimal and easy. When it comes to home improvement,
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7 House Buying Tips to Save Money

7 House Buying Tips to Save Money

Posted On: July 12, 2021 by American First Credit Union in: General, Home, Loans, Savings

It’s finally house-hunting season and you could not be more excited to get the ball rolling on your big purchase! Before you hit the road or the search bar, consider these 7 steps. 

1. Know Your Limits 

Before signing the papers or falling in love with the first home you see, be realistic about what is in your budget. We recommend spending no more than 25 percent of your monthly income on the mortgage. When you know what this number is, be sure to stick with homes...

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How to Buy a Car – and Actually Save Money

How to Buy a Car – and Actually Save Money

Posted On: July 5, 2021 by American First Credit Union in: General, Savings

Is your current car on the fritz or have you been eyeing that shiny new Jeep you see parked at a dealership on your way to work every morning? If you’ve been hesitant to buy a new vehicle because you’re worried about it costing too much, here are some ways that you can get the car you’ve had your eye on while still saving money. 

Get Pre-Approved 

Before starting your search, you should get pre-approved for a loan. It’s important to know what limit...

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How to Slowly Increase Your Savings Game

How to Slowly Increase Your Savings Game

Posted On: June 14, 2021 by American First Credit Union in: General, Savings

Saving money over time is often one of the hardest things for a household to do. Between monthly bills, household essentials and, daycare, you may ask yourself, ‘is there anything left to save?’ If this sounds like you, read these tips to increase your savings game over time! 

Stick to Your Monthly Budget 

Sticking to a budget is a simple concept, but in reality, it can be very difficult. Try to plan your expenses a month in advance...

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Online Safety Tips for Seniors

Online Safety Tips for Seniors

Posted On: June 7, 2021 by American First Credit Union in: Cybersecurity

It’s an unfortunate reality, that many criminals target senior citizens as they can be susceptible to online deception. If you’re keeping up with the times by staying online, it’s also important to keep up with online security measures!  

1. Look Out for Suspicious Emails 

You would be surprised how often people are fooled by phishing emails. ‘Phishing’ emails are sent from cybercriminals who pretend to be a person or business...

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4 Steps to Home Buying

4 Steps to Home Buying

Posted On: May 10, 2021 by American First Credit Union in: Home, Loans, Savings

Whether you’ve been looking for a while or just decided to begin the hunt, buying a home is an exciting adventure! With rates so low, it’s the perfect time to become a new homeowner. But do you know some of the things you should be doing before stumbling upon your dream home? We’re here to explain our top four steps to home buying so you can enjoy the journey. 

Know How Much You Can Afford 

Even though you could get a loan for $300,000, this may...

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Spring Clean Your Finances

Spring Clean Your Finances

Posted On: May 3, 2021 by American First Credit Union in: General, Savings

Its Spring! With the new season comes a new energy and attitude which we want to take full advantage of! Over the last year and this winter, it’s been easy to get into a financial rut or overspend on subscriptions which is why it's time to purge your finances. Keep reading to see our top tips to help you spring clean your finances! 

Sweep Away Subscriptions 

You’ve heard this before, but it becomes easy for subscriptions to build up over time. Maybe...

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teen with piggy bank

Is it Time to Open Accounts for your Children?

Posted On: April 15, 2021 by American First Credit Union in: General, Youth

According to a recent survey, only five percent of adults received any kind of financial education in school. It is a scary statistic, and may partially explain consumers’ record-high credit card and student loan debt.

If you want to equip your kids with the tools to be financially secure adults, a good place to start is with a savings or a checking account. Once they see money going in and coming out, it can drive home a lesson about money management.

Wondering...

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Home Buying 101

Home Buying Preparedness 101

Posted On: April 12, 2021 by American First Credit Union in: Home, Savings

Becoming a homeowner for the first time is no easy task! You have probably heard horror stories from friends about overpaying or missing a crucial piece of information before committing to an offer. Here are a few tips to help you prepare for buying your first (or next) home, so you feel confident in the home you choose to buy! 

Before You Buy  Start Saving Early – the earlier you start saving, the better! Many first-time homeowners assume they just...
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Girl with piggy bank and coins

How to Make Your Child Financially Capable

Posted On: April 7, 2021 by American First Credit Union in: General, Youth

Most parents understand that they should teach their kids about money. Knowing where to start, on the other hand, is another story.

Fortunately, the Consumer Financial Protection Bureau (CFPB) recently released a guide to help families raise money-smart kids. In it, the CFPB discusses practical ways to build and measure financial capability in children.

Here are a few important takeaways from the guide paired with our own tips for making your child financially capable:

Ages...
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How Can I Lower My Monthly Bills?

How Can I Lower My Monthly Bills?

Posted On: April 5, 2021 by American First Credit Union in: General, Savings

It is the question that every household asks. What can I do to cut my monthly costs? And it is a great question! No one wants to spend unnecessary money when there are mouths to feed and basketball uniforms to pay for. While you can tighten the budget by setting strict guidelines for yourself, your experts here at American First Credit Union have a few more realistic ways to lower monthly bills. 

Plan Meals Ahead of Time 

At first glance, planning meals ahead of time...

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