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1. Tune your budget
It’s great to start off the new year with a plan. A budget is a plan that starts with the income you expect and your fixed expenses such as your mortgage or rent, insurance, and utilities. The plan incorporates your savings goals, and the remaining money is designated for your other expenses. A realistic budget will help you set your financial goals and will remind you to stick to them. Now is the perfect time to assess last year’s budget or create a new one if you don’t yet have one in place.
But now, the party’s over. You’ve woken up into adulthood and realized that all that overspending is going to cost you big—and it’s going to cost for years to come. Luckily, there’s hope. It’s not too late to fix the financial mistakes we all make when we’re young and blissfully ignorant. Here are six of the most common mistakes people make while in their 20's and how to fix them:
At our partnering high schools in the Plymouth-Canton community (P-CEP, Starkweather Academy, New School High, and Canton Preparatory High School), Community Financial is busy preparing students for the real world!Education Partnership Coordinator, Kristen La Forest,
instructs teens about the "Ten Things Teens Should
Know About Credit" at Starkweather Academy.
Our high school Education Partnership Coordinator, Kristen La Forest, conducts presentations to help teens become more knowledgeable about financial topics and to ready them for the world beyond high school. One of her most requested presentations is “Ten Things Teens Should Know About Credit,” a 50 minute lesson where students learn the basics of credit card use, credit scores, and credit card fraud.
Check out our handy list of ways you can make the holidays count while still getting some of that much-needed rest and relaxation you’ve been craving all semester. You can still get your beauty rest and sleep in, only not until noon – well, at least not every day.
1. Phishing emails
Phishing scams abound ahead of the holidays. They can take the form of bogus delivery confirmation requests seeking your information or even a personalized letter to your child from “Santa.” Never share personal information online with an unverified source.
The winter months put extra strain on families and some are forced to choose between paying utilities and putting food on the table. Community Financial remains dedicated to supporting the fight against cold and hunger in Michigan each winter.
P.O. Box 8050
Plymouth, Michigan 48170-8050
(877) 937-2328
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All You Need to Know About Going Cashless5 Ways to Trim Your Fixed ExpensesBeware of Debt-Collection ScamsSchool Spotlight: Liberty Middle School and Financial Online Resources for Middle School Students3 Ways to Make Your Holidays Bright (and Safe!)9th Annual Warming Hearts & Homes: You Click, We Donate!
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The Complete Guide to Prioritizing Bills During a Financial CrunchAll You Need to Know About Closing CostsSchool Spotlight: New School High Learns Real-Life Skills with the Student-Run Credit Union ProgramCreative Dine-In Cooking: Spaghetti PizzaWhy Is There Still a Shortage on Some Goods?Summer of Sharing 2020: 10 Years of Sharing
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Using 20/20 Vision in Your Financial New Year's ResolutionsStay Safe From These Airbnb Scams This WinterHow to Prepare Your Home for WinterSchool Spotlight: Bentley Elementary Students Benefit with the Student-Run Credit Union and Junior Achievement Programs6 Ways to Keep Your Finances Intact This Holiday SeasonWarming Hearts & Homes is Back. You Click. We Donate!
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Save Money by Dining In | Butternut Squash and Chicken Chili5 Apps to Download Before the Holiday Shopping SeasonSchool Spotlight: Ridge Wood Elementary Teachers Engage Students in Financial EducationInternational Credit Union Day is October 17th!Making Banking Easier with an Updated Mobile App!Ways to Save on Food Costs in College
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4 Financial Resolutions for 2019 6 Financial Mistakes People Make in their 20's and How to Fix ThemSchool Spotlight: Local High School Students Learn About CreditMaking the Holidays Count When Home from College7 Naughty Scams to Watch Out for During the HolidaysWarming Hearts & Homes is Back. You Click. We Donate!
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4 Financial Resolutions for 2019
Happy New Year! Now is a great time to establish goals that you want to reach during the year. If you’re looking for some resolutions to improve your personal finances, we’re pleased to offer some tips to get you on the right track this year.
6 Financial Mistakes People Make in their 20's and How to Fix Them
Like many people, you may have blown through your 20's making financial decisions that served you well in the moment, but were not the most responsible. Dinner out several times a week, credit card bills you barely looked at, and luxury cars way beyond your budget—life was practically a party!
School Spotlight: Local High School Students Learn About Credit
Making the Holidays Count When Home from College
Are you a college student that’s home for the holidays or know one that is? Don’t spend your break sleeping in until noon and letting the time slip through your fingers with nothing to show for it.
7 Naughty Scams to Watch Out for During the Holidays
‘Tis the season to be jolly! Unfortunately, it’s also the season for scammers to go after your hard-earned dollars. Keep your money safe by reading up on the most common scams taking place this time of year.
Warming Hearts & Homes is Back. You Click. We Donate!
Community Financial Credit Union is excited to kick off the holiday season with the return of our 7th annual Warming Hearts & Homes charitable campaign! Throughout the month of December, Community Financial will donate up to $40,000 to local nonprofit organizations that provide heat, food, shelter and clothing to families in need.*
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