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budgeting tips for developing your personal budget

6 Budgeting Tips To Bulk Up Your Savings

access_time Posted on: February 14th, 2020

Budgets can be used for many purposes in a personal finance framework, including paying off debt, managing wealth, and padding retirement accounts. However, many people find the process of creating or sticking to a budget difficult, frustrating, and perhaps a little annoying.  This is not an unusual sentiment. In fact, only two out of every three households choose to budget their income monthly. This percentage of use goes down as populations age, making budgets a highly suggested but infrequently implemented practice.  It is important to remember that the goal of a personal budget is not to restrain financial freedom, but to liberate consumers from the uncertainty surrounding their funds.   What… read more »

woman reads about credit card rewards points

Belco Podcast | Protect Yourself From Identity Theft

access_time Posted on: February 6th, 2020

Identify theft is increasing each year, and anyone can become a victim of identity theft – but is especially common among young adults and teens.  On this episode of the Belco podcast, Johnathan Miller, Marketing Intern, and Brian Smith, Belco Information Services Security Specialist, discuss ways to protect yourself from ID theft.   Tune in and learn from Brian, who holds a degree in Information Technology and specializes in security. He also holds certifications as an Ethical Banking Hacker and as a Banking Technology Security Professional, while also pursuing additional education in cyber security.  

couple researches how to get the best HELOC rate in 2020

How To Get The Best HELOC Rate In 2020

access_time Posted on: February 3rd, 2020

Are you considering getting a home equity line of credit, aka HELOC in 2020? If so, keep reading because we’re sharing some tips on how you can unlock the equity in your home at a low rate.  Whether you’re making home improvements, financing a life event, or consolidating debt, you want to secure the lowest interest rate possible to help you save on the amount you borrow. Here’s how to get the best HELOC rate in 2020.  Keep Up Your Credit Score As with any time you borrow money, your credit score will have a significant impact on your ability to qualify and the rate you get. To score the… read more »

budgeting for how to save money each month

How To Save Money Each Month On Any Salary

access_time Posted on: December 31st, 2019

Saving money is an essential yet often tricky financial task for many people – even those with a relatively high income.  An article by Yahoo! Finance reported that only 58% of Americans could even afford to pay for a $1,000 emergency in cash. A 2018 article by CNN Markets found that only 28% of Americans have 6 months worth of expenses saved.  No matter what your annual salary, many like you are wondering how to save money each month, so you don’t find yourself without savings when you need it most.  4 Tips For How To Save Money From Salary Keep reading to discover how to save money from your… read more »

woman reads about credit card rewards points

How Do Credit Card Reward Points Work?

access_time Posted on: December 12th, 2019

When you hear about rewards credit cards, what do you think? I’m sure points and bonuses and cash-back galore come to mind. What’s better than getting rewarded for spending money?  While rewards credit card might seem straight to the point, you could be wondering, how do credit card rewards work? Keep reading to get all of the details about how credit card points work and how to get the most from your rewards card.  What Are Credit Card Rewards Points? If your credit card offers rewards points, you earn points for the money you spend with your credit card. You can then redeem those points for gift cards, cash-back, travel… read more »

The Beginner’s Guide To HELOCs

access_time Posted on: August 16th, 2019

If you’re a homeowner in need of cash, a home equity line of credit might be for you. There are many ways to get the money you need these days. Depending on your circumstances, it can serve as a great alternative to a loan, credit card, or borrowing from a loved one. What is a HELOC? Reasons to use a HELOC Reasons to avoid HELOCs HELOC risks HELOC alternatives Is a HELOC right for you? What exactly is a HELOC? A home equity line of credit (HELOC) is like a second mortgage on your house in exchange for cash. The amount of money you can get is based on the… read more »

10 Advantages Of Having A Checking Account

access_time Posted on: July 1st, 2019

You could hide your money under your mattress or pay cash for all your purchases. But in today’s digital online world, most of us use a checking account. Credit unions and banks offer checking accounts, giving you dozens of options. To select the right fit for you, choose a local credit union or bank where you can build a relationship with people who are vested in your community. With this flexibility, you’ll find an account that meets your needs and preferences all while affording you checking account advantages and perks. 10 Checking Account Advantages Whether your financial landscape is well-established, or you’re just beginning to build financial literacy, there are many… read more »

Getting A Credit Card From A Credit Union Vs A Bank

access_time Posted on: June 27th, 2019

Credit cards from both credit unions and banks allow you to make purchases in stores and online. But these two financial institutions differ in several key ways. In fact, before you apply for a new credit card, you should carefully compare the options offered by the credit unions and banks near you. While doing so, make sure you understand the benefits and drawbacks of each option so you choose the card that will support your financial goals now–and into the future. Here are some of the differences you can expect to see: Membership Requirements Before you get a credit card from a credit union you need to join the credit… read more »

best credit union savings near me

Money Market Account vs. Basic Savings Accounts: Pros & Cons

access_time Posted on: June 20th, 2019

Banks and credit unions offer a variety of options when you want to store your money. The key to making the best decision is taking your current financial needs and goals into consideration. Money Market Account vs. Savings Account Two popular options are the money market account and basic savings account. This post will outline the difference between the two, the pros, and cons of each option, and how to choose the best one that suits your financial needs. What Is A Money Market Account? A money market account is also known as a money market deposit account (MMDA). It is an interest bearing account which provides a higher interest… read more »

home equity vs heloc

HELOC vs. Home Equity Loan: Which Is Right for You?

access_time Posted on: May 28th, 2019

If you’ve been making payments on your mortgage, you have likely built up equity in your home. Not only does that mean you’ve paid off a portion of your house, but the equity may also be used as a resource when you need it. There are two ways to use your home’s equity to your advantage:    Getting a home equity line of credit, or HELOC    Borrowing a home equity loan But which one is best for you? To start, it depends on your unique situation and your goals. HELOC vs. Home Equity Loan Comparison In order to understand the differences, along with the pros and cons of each, let’s compare… read more »