by ghfcu | Oct 19, 2018 | Savings
The savings rate is an important national economic statistic. However, it is even more important on an individual level. Whether it is a business or family, putting money away is key to staying afloat economically. Of course, everyone will go through ups and downs...
by ghfcu | Oct 12, 2018 | Checking, Savings
In simple terms, a checking account is used to pay for expenses, while a savings account is intended to store money for later use. Checking accounts are designed for everyday transactions — your morning cup of coffee or a tank of gas. Savings account funds, however,...
by ghfcu | Oct 5, 2018 | Savings
There’s a heavy focus on the importance of building your savings account. An increasing number of people are realizing how necessary it is to have a “rainy day fund” to fall back on. Businesses, for example, know that they need a 10% “rainy day” or contingency fund...
by ghfcu | Aug 3, 2018 | Savings
Moving into a Roth IRA from a Traditional IRA or SIMPLE IRA may be a great way to maximize your IRA savings. Converting is easy to do, and may have positive effects on your financial future. The Basic Facts A conversion is the taxable movement of Traditional or SIMPLE...
by ghfcu | Jul 18, 2018 | Lifestyle, Savings
Before you decide whether to contribute to a Traditional IRA or a Roth IRA, you’ll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision between Roth vs Traditional IRA depends on...
by ghfcu | Jul 6, 2018 | Savings
Perhaps Ben Franklin said it best: “A penny saved is a penny earned.” A penny isn’t very much money these days, but the principle still applies. Cutting expenses is almost like increasing your income, and small amounts can add up quickly. Read on for 10 tips for...
