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While a college education brings many benefits, there’s no denying how expensive it has become. With student loan debt in the United States totaling $1.753 trillion, it’s more important than ever for students to be wise with their money. Whether you’re starting your freshman year or getting ready to graduate in a few months, these financial tips for college students will help you manage your money well.

The back-to-school season can feel like a whirlwind of expenses. From new clothes and supplies to electronics and extracurricular activities, the costs can quickly add up. But fear not! With a little planning and smart budgeting, you can navigate this season without breaking the bank.

You might think that your kids are too young to learn about money, or that you don’t have to worry about that until they’re older. But the earlier you start teaching your kids healthy financial habits, the more those lessons will sink in and guide them as they grow older. As a parent, you hold the most influence over your kids and have the greatest opportunity to shape them into financially responsible people.

Compound interest is when earned interest is reinvested into the principle, or balance, of an account. The reinvested interest grows the account balance, which makes it earn even more interest. The more interest you earn, the more your account balance grows, the more interest you earn, etc. It’s a compounding cycle of growing money. You are essentially earning interest on your interest. This makes it a powerful tool for exponentially growing your money in savings accounts and investments. However, compound interest can work against you when applied to debts such as loans and credit card payments.

As the new year approaches, many of us embark on the tradition of setting resolutions—goals that aim to improve various aspects of our lives. Among the most common resolutions, financial goals hold a significant place. Whether it's aiming for savings milestones, clearing debts, or investing wisely, the new year offers a fresh start to recalibrate our financial strategies.

As we gear up for the fresh start that comes with a new year, it's an opportune time to reflect on our financial well-being and set the stage for a prosperous future. At SharePoint Credit Union, we understand the importance of solid financial planning. To help you embark on the new year with confidence, here's a comprehensive guide to preparing yourself financially:

The winter season often brings unique financial challenges, from increased heating costs to holiday expenses. However, with the right strategies and a bit of planning, you can successfully manage your finances during the winter months without feeling the pinch. Continue reading our blog as we offer some key tips and strategies for navigating finances during the winter season.

Learning how to make smart choices with your money and following some easy financial literacy tips goes a long way in securing a stable and prosperous future for yourself and your family. Well-managed funds can make your goals more achievable and grant you peace of mind. Continue reading to explore tips for budgeting, saving, investing, and more!

Retirement is a major life milestone that everyone looks forward to. It's a time to relax, pursue your passions, and spend quality moments with loved ones. But ensuring a secure and comfortable retirement requires careful planning, saving, and investing throughout your working years. In this blog, we'll explore the key aspects of retirement security and how SharePoint Credit Union can be your financial compass to a worry-free future.

Long-term care is an emotional subject that many people tend to avoid discussing or planning for until it becomes an immediate concern. However, the need can arise unexpectedly due to a number of reasons. Financial planning for long-term care is an essential part of securing your future and ensuring that you receive the necessary support when you need it. Continue reading our blog as we explore the importance of financial planning for long-term care.

When a newborn baby comes into the world, it is a life-altering experience that brings immense joy and responsibility. One of the most crucial aspects to consider when a child is born is your financial readiness and how to support your new baby. Raising a child entails various expenses, from prenatal care to education to toys, and everything in between. To ensure a smooth transition, thoughtful financial planning is essential. Continue reading our blog for some helpful tips on financial planning for a newborn.

Planning a wedding is an exciting and joyful time, but it can also be financially overwhelming and stressful. Establishing a well-thought-out budget is pivotal to avoiding overspending and ensuring a stress-free wedding planning process. Continue reading our blog as we will explore different ways to budget effectively during wedding planning.

Entering the real world after graduation can be both exhilarating and overwhelming. As recent graduates embark on their professional journeys, it's crucial to lay a strong foundation for their financial future. SharePoint Credit Union understands the unique challenges faced by graduates, and we are committed to supporting them with valuable advice and resources to help them navigate the world of financial planning. In this blog, we will explore essential tips for recent graduates and introduce the tools available on sharepointcu.com to assist them in budgeting and planning for their financial success.

The new year is approaching! Make a resolution to pay yourself first and help set yourself up for a comfortable financial future. Here are some best practices to get your savings up to par.

Hopefully you already agree that you should regularly be saving money. But where should you put it? You probably want to keep it safe, you probably want access to it for an emergency or when you’re ready to buy what you’re saving up for, and you probably would love for it to earn you more money without having to do anything.