Smart Spending Puts Holiday Shoppers in Control of Cart

If you aren’t smart about holiday spending, you could find yourself in trouble before the icing dries on the cookies.

You can avoid financial mishaps by using simple spending strategies for this year’s shopping season:

* Create a spending plan—To track expenses you need a budget: Who are you buying for? How much will you spend on each individual? Have specific gifts in mind.

* Shop before leaving home—Comparison shop online to find which stores carry the items you’re looking for and the best price. Flag items in flyers and catalogs and bring with you to the store.

* Limit time at the mall—Shop during lunch hours or during your child’s basketball practice so you don’t have “too” much time.

* If you use a credit card, be committed—Ideally don’t charge more than you can pay off when the bill arrives. If that’s not possible, don’t charge more than you can pay off in the first quarter of next year.

* Beware store cards—These cards generally have higher interest rates than general use credit cards.

* Disregard “buy now, pay later”—It’s easy to bring a big purchase home without much thought when you don’t have to pay for it for six months. Be cautious: If you don’t pay off the item by the due date, you’ll be socked with outrageous interest expenses.

If you need help with a holiday spending plan, talk to the professionals at Hopewell Federal Credit Union. Call us today at 740.522.8311.

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Your Credit Union: The More You Use It, the More You Save

Did you know that in 2011, America’s credit unions provided their members nationwide with $6.3 billion in financial benefits*? That’s an average of $132 per member household according to Credit Union National Association’s economics and statistics department.

Credit unions save members money by charging lower interest rates on loans and paying higher interest or dividends on deposit accounts and investments. They also charge fewer and lower fees. So the more you use our credit union, the more you save.

The main reason Hopewell Federal Credit Union can offer a better value is that we’re a member-owned, not-for-profit cooperative. In fact, credit unions have outshined other financial institutions in every American Banker customer satisfaction survey since 1984. We exist to meet members’ needs, not to make a profit and maximize the wealth of outside shareholders, as banks do.

When you look at credit unions vs. banks, the difference matters—it saves you money.

Come see us today or call us at 740.522.8311 for all your financial needs.
Copyright 2011 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.