USC Credit Union Blog

USC Credit Union Blog

Melissa

Recent Posts

Driving Character on a Budget: Cool Cars Under $25k

Posted by Melissa on Apr 30, 2014 11:30:00 AM

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Should You Purchase Your First House or Pay Off Student Debt?

Posted by Melissa on Apr 25, 2014 10:00:00 AM

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Go Green to Save Some Green

Posted by Melissa on Apr 22, 2014 10:30:00 AM
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What Should I Do with My First Paycheck?

Posted by Melissa on Apr 11, 2014 10:23:00 AM

How should I spend my first official paycheck?

Whether it's a $30,000 salary or $130,000, your first "real job" is probably the biggest income change you'll experience. Sure we'll get gradual raises here and there, and maybe even a major promotion or two, but going from an income of nothing to a full time salary is quite a jump.

As a result, managing your first few paychecks can be difficult. It's easy to overestimate disposable income and end up spending money on things you really can't afford. Rent, food, loan payments, and other necessities are obvious items to add to your budget, but there are other essential expenses you might not realize. Here are some tips on what to do with your first paycheck:

Emergency Savings 

Bad things happen to good people. That's just the way life goes, so you need to prepare for the worst. Layoffs, car accidents, unexpected illnesses; whatever the case, you should have between 3-6 months of living expenses saved to prepare for life's unexpected expenses. It may seem unattainable at first, but saving a little bit at a time will help you reach it. And, once you have 3-6 months of your living expenses safely stored in your savings account, you'll sleep a little better at night.

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Top 10 Ways to Make The Most of Your Savings From Your Tax Refunds

Posted by Melissa on Apr 8, 2014 10:30:00 AM

If you’re expecting a tax refund this year, you need a good plan for your money. Be sure to revisit your W-4 form and adjust your federal income tax withholding allowances.

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5 Money Mistakes Students Make in College

Posted by Melissa on Apr 3, 2014 9:55:00 AM


When I ask most people if they have any regrets from college, they gaze off into the distance, smile, and shake their heads no. But for me, I look back and there is so much I would change. I made a lot of mistakes in college, and unfortunately most were money mi
stakes. Here are five of them that you can avoid.

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13 Ways to Save Money in College

Posted by Melissa on Mar 27, 2014 3:44:32 PM

Making money has become an essential part of student life, as the need for extra income to cover rising tuition fees and living costs grows. However, improving your bank balance isn’t always about finding new ways to add to it, but also about finding new ways to save money in college.

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How to Save Money After Graduation

Posted by Melissa on Mar 13, 2014 11:33:00 AM
 
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Credit Unions Are Not-For-Profit Financial Service Cooperatives

Posted by Melissa on Feb 26, 2014 1:18:00 PM

Credit Unions are not-for-profit financial service cooperatives, owned and controlled by their members, and operating in a democratic way. What difference does that make? Co-ops are businesses, in many ways like any other business. But a cooperative operates solely for the members' benefit. All co-op businesses run in accordance with seven basic principles, many of which have been part of the co-op philosophy from their beginnings more than 150 years ago.

1. Open a voluntary membership

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