Do you have less money this year than last year? Do you need help managing your funds so you can save for a large purchase? If so, consider downloading the MoneyWise app, created for Android.
This app helps you stay on top of everyday expenses and manage your overall finances, so you can save up for a rainy day or finally afford your dream home. This user-friendly app lets you manage multiple accounts, track expenses and incoming funds, and chart financial growth over time.
If you prefer a more hands-on approach to personal finance, visit GCS Federal Credit Union . We offer financial services for the whole family, including checking and savings accounts, home loans, and other personal financing services. To learn more about the banking services we offer, call us at (618) 797-7993.
Managing money is difficult for many people, but budgeting, spending, and saving can be simple if you follow some basic financial advice. Explore the following resources on creating a budget, managing money, qualifying for home loans, and more.
- Check out this article to learn how to buy a car the smart, money-conscious way.
- If you want to buy a car fast, check out this article from SmartMoney.com. You’ll read about which cars the experts say are worth your money.
- Before beginning the search for your first home, check out Realtor.com and review the buyer basics.
- Buying a home is a big investment, so use these seven tips to avoid making common home-buying mistakes.
- If you need to set a budget, check out this helpful article from Money.CNN.Com . You’ll learn how to identify unnecessary expenditures, stop spending beyond your means, and watch out for cash leakage.
If you need a loan, personal financing support, a new savings account, or better banking services, join the community that chooses GCS Federal Credit Union. Call us at (618) 797-7993 today.
- Check out this article to learn how to buy a car the smart, money-conscious way.
Buying a new home is an exciting venture, but it can be challenging for first-time homebuyers to navigate the home-buying process.
If you’re in the market for your first home, take a look at this video. You’ll hear great tips that will ensure you make a solid investment. For example, you’ll hear advice about how much to spend when buying a home, what other fees you’ll need to figure into your budget, how much you should be prepared to put down, and where to shop for a new home in your area.
When you’re ready to begin shopping for your first home, come to GCS Federal Credit Union . You’ll receive superior loan, prequalifying, and financial support services that can make home buying go smoothly. To get preapproved for a home loan today, call us at (618) 797-7993.
GCS and Y98 have teamed up to celebrate the good things Illinois listeners have been doing in the community. The campaign is called East Side Pride.
Whether you’re volunteering with a local organization or picking up groceries for an elderly neighbor, GCS and Y98 want to hear about it! Individuals and organizations can submit their stories at y98.com/eastsidepride .
Each month, one entry will be highlighted online and on air. If you are working on a bigger scale project, you can win the opportunity to have GCS and Y98 help recruit volunteers and be on site to help your project make a difference in the community.
Founded in 1941, GCS Federal Credit Union currently has assets of more than $294 million. GCS serves more than 38,000 members throughout Madison and most of St. Clair Counties in Illinois via 7 conveniently located branches, numerous ATM locations, and 24-hour account access through a telephone audio response system and PCU online banking.
Wishing you and your family a very happy new year!
Becoming a homeowner is one of the most rewarding experiences of many people’s lives. But first-time homebuyers may not know where to start when it comes to searching for a property and a mortgage. Look below to find tips on how to optimize your search for your new home.
- Get Preapproved
You can save time and hassle by calling your lender to get preapproved for a loan before you begin shopping for your first home. Once you’re preapproved, you’ll have a clear idea of how much you can afford to spend on a home. Plus, you’ll be more prepared when it comes time to hire a realtor. He or she will have an easier time finding homes within your budget, saving you time from looking at homes that are out of your price range.
- Determine How Much Home You Can Afford
The next step in shopping for a home is figuring out which amenities you can afford. You may have been preapproved for a home loan, but you’ll still need to determine how much of your monthly income you can afford to spend on a monthly mortgage payment. Keep in mind that you may also be responsible for paying homeowners’ association fees, maintenance fees, utility bills, and parking fees, depending on where you choose to buy.
- Hire a Realtor
Just as you wouldn’t look at only one home, you wouldn’t meet with only one realtor. Interview several realtors to find someone who understands exactly what you’re looking for in a home and has considerable experience in your region. A realtor can also investigate sales prices of similar homes to determine if an asking price is reasonable. If a realtor tries to push you into purchasing a home right away, consider looking elsewhere.
You may have to look through several listings with your realtor to find the ideal home, but you’ll be well on your way to homeownership.
When it comes to getting preapproved or applying for a mortgage, trust the mortgage experts at GCS Federal Credit Union . We offer complete banking, loan, and investment services. To get started on your home search, call us at (618) 797-7993 today.
Did you know that tightening your budget could help you become a homeowner earlier than you might imagine? You could also use the extra money you save to buy a new car, pay for your education, or take a much-needed vacation. If this sounds appealing to you, use the following tips to create a budget .
- Evaluate Your Current Spending
Collect statements for your credit card, savings account, and checking account to examine your current spending habits. Then, make a list of necessary spending and frivolous spending. For example, utility bills and mortgage payments are obviously necessities, while eating at a nice restaurant and movie rentals are luxuries. Be sure to be as specific as possible when making your list so you know what needs to be cut out.
- Eliminate Unnecessary Spending
Look for ways to create more accessible money in your budget. If you buy coffee before work instead of making it at home, then you’re spending roughly $3 more than is necessary, which adds up to between $15 and $21 a week. Expenditures on cable, coffee, manicures, alcohol, movies, and fast food are not necessities, so cut them out.
- Build In Incentives
Budgeting properly requires sacrifices in spending, so build incentives into your new budget that make budgeting fun. Consider rewarding yourself with an inexpensive expenditure once a week.
- Save 10 Percent
The general rule of thumb is to save 10 percent of your paycheck. For some, this is difficult and for others this is too easy. Therefore, determine what you can afford to save after eliminating unnecessary spending, but remember to be realistic. When the season changes, your electricity bill could spike, so allow for some wiggle room in your budget.
If you need more help getting your spending on track, consult a member service representative at GCS Federal Credit Union . We can help you consolidate your debt, create a more realistic budget, and start saving more of what you earn. To enlist our help today, call (618) 797-7993.
Help us celebrate being 70!
Wishing you and your loved ones a happy holiday season from your friends at GCS Federal Credit Union!
GCS Federal Credit Union employees have recently donated over $1,100 to local charities.
During the month of November, employees were able to wear jeans on Fridays and Saturdays for a donation of $20. Each branch received a portion of the total amount collected and was able to select a charity to support in December. Organizations chosen included the Granite City Good Samaritan House, Madison County Children’s Christmas Party, Catholic Charities, Glen Ed Food Pantry, Toys for Tots and H.I.S.K.I.D.S.
GCS continues to serve the community through volunteered time, service and monetary donations. For more information about GCS, visit myGCScu.com.
Founded in 1941, GCS Federal Credit Union currently has assets of more than $293 million. GCS serves more than 38,000 members throughout Madison and most of St. Clair Counties in Illinois via 7 conveniently located branches, numerous ATM locations, and 24-hour account access through a telephone audio response system and PCU online banking.