June 11th, 201927349
Georgians may not have a clear grasp of the prevalence of financial exploitation and abuse of elderly adults.
In a survey of more than 3,000 Georgians by Georgia Credit Union Affiliates, the trade organization for credit unions in the state, the majority of respondents – about 77 percent – say they’ve never known an elderly person who has been the victim of some kind of elderly abuse.
But that’s unlikely given statewide and national trends.
As adults age, cognitive abilities may begin to decline,leaving them with a need for help with daily activities. This helplessness can make the elderly easy targets for criminals...
May 8th, 20192151
Georgia United Credit Union Foundation recently announced the award recipients of its sixth Annual School Crashers program.
>>Related: Georgia United Credit Union wins national recognition for School Crashers Program.<<
A total of 10 schools around the state will be awarded facility improvements this summer. Toney Elementary School in Decatur was selected as the program's top recipient.
Toney Elementary celebrates being named ass the 2019 School Crashers top award recipient. Principal Oliver Dean (center) and Special Education Teacher Dr. Karen Dukes (far right) are pictured wtih students, faculty and Georgia United team...
May 7th, 201929238
It’s not uncommon for Georgia couples to stress about money.
According to a poll of more than 3,000 Georgians conducted by Georgia Credit Union Affiliates, the trade organization for credit unions in the state, about 42 percent of respondents said finances have been a cause of stress in their romantic relationships.
Georgians aren’t alone in that predicament. According to a study published in the scientific journal Couple and Family Psychology: Research and Practice, 50 percent of divorced couples interviewed listed financial problems as a major factor that contributed to their divorce. That puts financial problems third on a...
April 30th, 201939372
This blog post was written by the Iowa Credit Union League
Which would you rather have -- a million dollars right now, or a penny that doubles every day for a month?
If you’ve never done the math, it’s quite interesting. On day 28, the “penny” has now doubled to over $1.3M. In a month with 31 days, the penny you received on day 1 would be worth over $10.4M.
Makes a million seem like chump change.
Now, to be fair, this penny more than likely doesn’t exist, however the 31 days in a month could be compared to 30 years of saving and investing. The earlier you get started with consistent “investor behavior” (that is,...
April 29th, 201950469
This blog post was written by the Iowa Credit Union League
The time has come to send your oldest child off to college. You’ve talked with them about safety, getting to class on time and being careful when going to parties. But, how much have you talked with them about being responsible with their money?
Money responsibility conversations typically come up after a child overspends, forgets to pay a bill or needs to ask for more money. Don’t let it get this far! Have an honest money conversation before they leave the house. Here’s what they need to know:
How to budget
How much money will your child have to spend each week...
April 27th, 201942786
This blog post was written by the California Credit Union League.
It’s never too early to start teaching children how to shop smart. The following are some tips to raise smart shoppers:
Needs and wants: There’s a difference between needs and wants, and even very young kids can be taught this. For example, you take your 5-year-old to a store shopping for necessities and he or she wants a toy. This is a great teachable moment. You can point to your shopping cart to items such as napkins and bread and ask her what the difference is between those and the toy.
Shop Smart: And you can start by modeling smart shopping. You can...
April 26th, 201931125
Georgians received more than $226 million in direct financial benefits during 12 months ending in December 2018
Georgia credit union members enjoy substantial financial benefits, according to the Credit Union National Association’s 2019 Year-end Georgia Membership Benefits report.
According to Datatrac, the research firm behind CUNA’s report, credit unions provided the state’s 2.2 million credit union members $226,584,828 in direct financial benefits during the twelve months ending in December 2018. That means, on average, credit union members received the equivalent of $106 each and that member households received an average...
April 23rd, 201931115
Money has been changing and evolving for the past several years – and so, too, should the way we teach money to our kids.
Your parents likely sat you down for a lesson on balancing a checkbook, but the same lesson won’t help your 21st century kid navigate a financial world made up of credit cards, mobile wallets and online shopping.
Don’t panic. It’s not as complicated as it sounds.
Here are some fool-proof ways to get your kids financially savvy in an increasingly cashless world.
It starts with real money. It’s important for young kids to learn and understand that real money lies behind each of the swipes of your...
April 19th, 201929197
As a parent in the 21st century, you probably understand by now that it’s important to teach your kids how to handle their personal finances.
You’ve heard the statistics over and over again. Students are graduating high school with little or no knowledge of financial literacy. According to a Forbes article, 40 percent of young adults are going into debt funding their social lives while 70 percent are damaging their credit ratings shortly after college graduation.
So you get it – schools aren’t teaching our kids the financial literacy skills hey need to navigate the real world. That means it’sup to the parents. Great....
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