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Freedom First Credit Union The Truth About 0% Auto Loans

Buying a new car is exciting. All the way up until talking price with the dealer. This is where confusion sets in, and excitement quickly turns into frustration. You think you’re getting a good deal, but are you?

One of the most misleading promotions you find at dealerships is the 0% APR offer. Paying no interest sounds great. You could save a bundle of money. So how can it not be the best decision? Let’s have a look comparing the 0% APR offer vs. a Cash Back Offer.


Freedom First Credit Union The Benefits of Using Your Tax Refund as a Car Down Payment

It’s always a good plan to set some money aside to use as a down payment when financing a new or “new to you” car. As a general rule, you’ll want to pay 20 percent of the vehicle’s value as a down payment for a new car and 10 percent as a down payment for a used vehicle. This makes tax season an excellent time to shop for a car and use your tax refund as part of your down payment.


Freedom First Credit Union How Do I Give Myself an End-of-Year Financial Review?

Q: With 2020 drawing to a close, I’d love to give myself an end-of-year financial review before it goes.  Where do I begin?

A: Giving yourself an end-of-year financial review is a wonderful way to check on the progress you’ve made toward your goals, highlight areas needing improvement and update your accounts, funds and investments. Here’s all you need to know about this important end-of-year ritual.


Freedom First Credit Union The Benefits of Using Mobile Payments

Why fumble for your wallet at checkout when you can just pay by using your phone?

With many Americans owning smartphones, contactless payments by digital wallet and mobile payment apps are now more popular than ever. Contactless payment is also becoming increasingly available at checkout counters across the country, with six in every 10 retailers accepting digital payments, according to research by the National Retail Federation.

Switching over to paying for your daily purchases with a digital wallet is simple. You’ll need to choose between popular mobile payment apps, like Google Pay, Apple Pay and Samsung Pay. All of these apps are similar, but Google Pay is your app of choice for all Android phones, Apple Pay works with recent Apple devices, and Samsung Pay offers the widest acceptance of all digital wallet apps. Once you’ve downloaded the app, you’ll need to load your credit union credit and debit card information and then finish setting up the app with your personal authentication process. When this step is complete, your app is ready for use.

Here are some of the benefits of using mobile payments.


Freedom First Credit Union Keeping the Cheer in the Holidays this Year

‘Tis the season to be jolly, but many of us may be feeling grinchy this year. With the pandemic still a looming threat to our health and happiness, the economy still a mess, and so many of our favorite seasonal activities canceled, getting into the holiday spirit can be challenging.

Lucky for you, we’ve compiled a list of tips and strategies to help you keep the cheer in the holidays this year, even during COVID-19.


Freedom First Credit Union Tracking Holiday Spending Keeps Seasonal Stress Down

Nothing is more heartwarming than seeing your loved ones’ faces light up when they open that perfect gift you gave them.

The holidays will look different this year due to the COVID-19 pandemic, which is why most people will try even harder to make the season brighter for others. But, you don’t have to dip into your kid’s college savings to create a special time for everyone!

The most important thing to remember is to plan ahead: Have a set spending amount for gifts, wrap, entertaining, donations and travel.


Freedom First Credit Union Beware of Debt Collection Scams

With the pandemic still wreaking havoc on the economy, many people are struggling to pay their monthly bills and meet their debt payments. Unfortunately, scammers are exploiting the financial downturn by tricking unsuspecting victims into paying for debts that don’t actually exist, or by using abusive tactics to collect legitimate debts.

Don’t be the next victim of a debt-collection scam. Here’s all you need to know about these scams.


Freedom First Credit Union What's the Best Way to Tackle Debt?

Debt can destroy a budget, make long-term financial planning impossible, and shadow every purchase you make with guilt. No one wants to live with that debt burden. But how do you kiss your debt goodbye?

Crawling out from under this mountain won’t be easy, but if you’re ready to realign your priorities and do what it takes, you can shake off debt no matter how large.

Let’s take a look at two popular approaches for paying down debt and explore the pros and cons of each.


Freedom First Credit Union All You Need to Know About Student Loan Relief During COVID-19

With unemployment levels rising and many employers cutting work hours, lots of college grads are now struggling to meet their student loan payments. Thankfully, the federal government has passed legislation to ease this burden. Unfortunately, though, many borrowers are confused about the terms and conditions of these changes.

Here’s all you need to know about the changes to student loan debt during the Coronavirus pandemic.


Freedom First Credit Union What Should I Do With My Money If I Recently Lost My Job?

This article was originally written on June 1, 2020.

Steve Devlin, Senior Financial Consultant with Freedom First Wealth Management, and Jason Fletcher, Financial Consultant with Freedom First Wealth Management, share their thoughts on what to do with your finances if you recently lost your job.


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