So let us level with you—in the wrong hands anything can be a bad idea. Even extremely useful things such as power tools, kitchen utensils and automobiles. Because let’s be honest—you wouldn’t allow someone as ill-equipped as a three-year-old operate a lawnmower, right?
Well, credit cards are the same way—incredibly valuable when used the right way by the right people.
We all know the scary stories about credit cards—that people rack up a bunch of debt and can’t seem to find their way out. But the truth is—credit cards are a powerful financial tool. And when used correctly and advantageously, they can actually do a lot of good for your financial status in the near- and long-term. Here are some tips for making your credit cards work for you.
It’s officially holiday shopping season, and perhaps more than years prior, you’re going to be relying on digital spending to check all the items off your shopping list. But while you’re adding some transactions to your account, don’t forget that spending can be a golden opportunity to get rewarded while you’re at it.
So you’ve been banking with, well… a bank, for most of your adult life. But maybe you’ve at least been curious about this “credit union” thing? The only thing is—what even is a credit union, and how is it different or, more importantly, better than a bank?
Let’s clear up some common misconceptions about credit unions and open your eyes to what makes banking with a CU the best for you.
While the word “equity” probably elicits some positive vibes, how much do you know about it when it comes to your home? The truth is, it’s a status that can give you some buying power when it comes to home improvements and a lot of other financially demanding endeavors.
So what is “home equity,” anyway? And how do you get it?
Considering upping your “home, sweet home” game in the near future? Sioux Falls homebuying might look a bit different in 2020 than you’d expect, whether you’re a first-timer or an old pro. We talked to one of our home loan officers, Tim Wermers, to get the scoop on financing a home purchase—from the effects of COVID-19 on the market to how things have changed over the past few years.