It is never too early to begin developing smart money habits; although children are not lining up to set up checking accounts in O’Fallon, even they can practice saving their allowances. Watch this video clip for help in teaching your kids smart money habits.
Financial responsibility is an integral part of maturity and adulthood, so it helps to teach your kids about the benefits of wise spending. Help your children understand that some investments are smarter than others, and that saving money today can help them to gain something they truly desire in the future. The earlier these values are instilled, the more effective they will be.
Get your kids started on the right foot by teaching them about smart money habits. Call GCS Credit Union at (618) 797-7993 to learn about online banking including online checking accounts and bill paying. You can also visit our website to learn about our home mortgage and auto loans.
Between food, bills, and home mortgage loans, it can be difficult to save up and treat yourself to a nice vacation or spa day. Fortunately, there are a few things that you can do in order to save up, even if your checking account has seen better days. Here is a look at a few easy ways to boost your savings account.
Get Into the Habit of Saving
Saving money is a learned practice; fortunately, there is a fast track. Whenever you receive a paycheck, deposit a portion of that money directly into your savings account before spending it on anything else . After you have done that you can address your bills and other expenses. Regardless of how much money you decide to save from each paycheck, the important part is that your savings account is the first to be paid. Many choose to set up a system that automatically deposits a portion of their paychecks into their savings accounts.
Overspending may be a bad habit, but it is not an unbreakable one. Automatically depositing money into your savings account and addressing your bills leaves less money in your pocket. Since the important things are already being taken care of, this means that you will have less to spend on unnecessary purchases.
Create an Emergency Fund
An emergency fund is an important key to financial stability. Whether it doubles as your savings account or is another account entirely, add a little bit of money to an emergency fund so that you can keep yourself afloat in times of distress. See if your credit union offers savings accounts that garner interest in order to grow your emergency fund.
If you would like to learn more about the easy ways in which you can boost your savings account, contact GCS Credit Union or visit our website. We provide the O’Fallon area with a variety of online banking services as well as home mortgage and auto loans. Feel free to give us a call at (618) 797-7993 if you would like to learn more about the benefits of becoming a member.
Happy Earth Day from GCS Credit Union! Go Green today by using our mobile and online banking! Save a tree today and pay your bills online using our Bill Pay! Check out our website for more information!
Financial stability is highly coveted and often requires a great deal of hard work. Fortunately, money management does not have to be difficult thanks to credit unions in O’Fallon.
Saving for your future is always a good option, but it can take a great deal of discipline to be able to stick to the plan you make. You can help yourself by having your paychecks automatically distributed to the proper venues. This will leave less cash in your pocket, so you will be less tempted to mismanage your money and overspend. It is also a good idea to go with shorter leases and quicker payments when it comes to purchasing a car. Longer leases can keep you trapped in a cycle of monthly payments for a car that has been steadily losing value.
If you would like to avoid common money management mistakes, call GCS Credit Union at (618) 797-7993. We are an O’Fallon based credit union that provides online checking accounts and auto loans. You can find out more about our financial products and services by visiting our website or meeting with us today.
In honor of Autism Awareness Month, GCS Credit Union has donated the proceeds from April’s Jean Day charity drive to UCP Heartland. GCS employees had the option to wear jeans on Fridays and Saturdays in April in exchange for a minimum $15 donation. This month employees from all 7 branches were able to
raise $1,057 for the organization.
United Cerebral Palsy Heartland is a nonprofit United Way Agency that
provides high quality programs and support to individuals with disabilities in Central and Eastern Missouri and Southwestern Illinois. UCP Heartland has been dedicated to serving the needs and advancing the independence of individuals with Cerebral palsy, Down Syndrome, Autism Spectrum Disorder, traumatic brain injuries, and other physical and developmental disabilities since 1953.
GCS has hosted Jean Days for employees every month for several years,
and in that time they have regularly donated proceeds to local charities and
To find out more about UCP Heartland, visit ucpheartland.org. To learn
more about GCS Credit Union, visit myGCScu.com.
The prospect of moving into your own home can be exciting and inspiring, but it can also be overwhelming if you are not familiar with home mortgage loans in O’Fallon. However, a little research on the topic can go a long way in helping you to find the perfect loan. Read on for a few tips on shopping for a home mortgage loan.
Consider Your Options
Much like auto loans, you can receive home mortgage loans from different types of institutions and entities. If you want to get the best price on your mortgage, it is a good idea to visit a few different places before making your final decision ; this can also help to ensure that none of these places are trying to overcharge you.
Learn About Costs
When you communicate with these different potential lenders, it helps to know what questions to ask. Find out about current mortgage interest rates and whether they are adjustable or fixed. You should also ask your lender and your broker, if you have one, about any fees that may be involved for their services; many of these fees can be reduced or waived with some negotiation.
Know the Language
If the thought of shopping for a home mortgage loan overwhelms you, prepare yourself by becoming familiar with the lingo. Interest rates describe the additional money that will be paid when you repay your loan. If you have a fixed-rate loan, you will be repaying the same amount of money with each payment across the life of the loan. Understanding terms like these can help you secure the best home mortgage loan available.
Are you shopping for a home mortgage loan? Contact GCS Credit Union or visit our website. We offer auto and home mortgage loans in the O’Fallon area, and we also specialize in checking accounts and online banking. If you would like to learn more about our services, please call us at (618) 797-7993.
If you are looking to apply for a home mortgage or auto loan in O’Fallon, you will want to check your credit score first. Better scores can lead to more favorable loans. Watch this video to find out what goes on your credit score.
Paying your bills on time leads to a higher score, as does the possession of a reasonable amount of outstanding credit and debt. A longer history of positive credit is preferable, although brand new credit may not necessarily hurt your score. While an abundance of credit cards can be bad, a variety of credit is good for your score.
Would you like to know more about your credit score? Call GCS Credit Union at (618) 797-7993. We are proud to serve the O’Fallon area with a variety of online banking services as well as checking accounts and auto and home mortgage loans. Feel free to visit our website or stop by today.
Owning a home does not come without prerequisites; it is important that you are financially responsible and able to balance your finances and expenses. Acquiring the right home mortgage loan in O’Fallon is typically an important step on the road to becoming a homeowner. Continue on if you are interested in picking up a few mortgage tips for 2015.
Keep Up the Credit Score
When it comes to taking out any kind of loan, a high credit score is an important part of the equation. Higher scores can land you lower interest rates and better auto loans or home mortgage loans altogether. Refrain from making any large purchases in the time leading up to the purchase of your home. Remember that paying your loans on time, varying your types of credit, and a long and successful credit history can substantially improve your credit score and thus lead to an ideal home mortgage loan.
When you approach a seller after being preapproved, the process of purchasing a mortgage may go much more smoothly than it would otherwise. The terms you receive may be more accurate because they are not based on estimates; they instead come from your income, debt, and credit score. Preapproval typically leads to better offers from sellers and can even facilitate the process of closing on the deal.
Planning for the Self Employed
The self-employed tend to have to plan ahead and do more recordkeeping than those who are employed by large entities. If you are self-employed, you will have to prove that you have a steady income; people typically do this by providing tax returns. Some self-employed individuals choose to ask a friend or family member with this type of documentation to cosign the loan.
If you would like additional mortgage tips for 2015, call GCS Credit Union at (618) 797-7993. We are an O’Fallon based credit union that offers checking accounts, online bill paying, and auto and home mortgage loans. Feel free to visit our website or stop by and see us if you would like to learn more today.
Your credit card can be as valuable of an asset abroad as it is at home, but the way you go about using it may slightly differ. You will be far away from your credit union in O’Fallon and the last thing you want to deal with is a credit card that continually gets declined.
Always keep your passport on you when you use your credit card abroad so that you can prove your identity. You should also be familiar with currency exchange rates and make sure you are charged according to the local currency to prevent stores from overcharging you. You may also need to contact your credit union to remove any hold resulting from “suspicious” activity.
For more tips for using your credit card abroad contact GCS Credit Union. Our credit union provides checking accounts, savings accounts, and credit cards that can help you take control of your finances. We also provide mortgages and auto loans to our members in O’Fallon. Feel free to give us a call at (618) 797-7993 or come by and see us to find out more information about our services.