USC Credit Union Blog

USC Credit Union Blog

A Message From Our Trusted Leader

Posted by Ivonet on Jan 14, 2015 9:32:30 AM

Welcome to a New Year, and new opportunities! What are your plans for 2015? (I’ll avoid the word “resolution” because all too often it’s a synonym for “Starts in January and lasts maybe six weeks.”)

First of all, let's go back to November 2014 when USC Credit Union beat Notre Dame Federal Credit Union in our second annual Credit Union Charity Challenge. In the end, USC Credit Union beat Notre Dame FCU by receiving 75 more auto loan applications, winning $10,000 for USC’s Good Neighbors Campaign. I would like to say congratulations to all our members and extend our gratitude and appreciation for your involvement. I am personally very proud of the hard work and dedication shown by the USC Credit Union family and Trojans nationwide.

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Why a New Year’s Resolution to Save More May Actually Work

Posted by Cal on Jan 2, 2015 12:00:00 PM

The economy is up, and New Year's Resolutions are on the decline. Too bad, because making a financial commitment can really help you reach your goals.

Most New Year’s resolutions are pointless. Only one in 10 people stick with them for a year, and many folksdon’t last much more than a month. But as 2015 approaches, you might consider a financial New Year’s resolution anyway. Those who resolve to improve their money behavior at the start of the year get ahead at a faster rate than those who do not, new research shows.

Among those who made a financial resolution last year, 51% report feeling better about their money now, according to a new survey from Fidelity Investments. By contrast, only 38% of those who did not make a money resolution said they felt better.

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Smart ways to save money at school without ruining your college fun — or going hungry

Posted by Cal on Oct 17, 2014 3:27:00 PM


Don’t worry – this isn’t going to be one of those posts that tell you you’re a big boy/girl now, and have to stop being irresponsible with money.

I won’t tell you to stop buying overpriced lattes, $11 nachos at midnight, or comfy college sweatshirts because those things are largely what college is all about.

What I will tell you is that the post-college years can really stink when you’re broke. Actually, worse than broke — so far in debt that you feel like you’re working for nothing but your bills.

So here’s how to give your future finances a fighting chance, and get through college without making those clichéd money mistakes of running up credit card debt and blowing through all the summer job money you earned folding shirts at The Gap…

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When Should You Start Saving for College?

Posted by Alexa on Aug 13, 2014 10:40:00 AM

Congratulations! You’re starting a family. In addition to managing midnight feedings and figuring out how to get baby slobber off your work clothes, you’ve got some serious financial considerations to work through. That little bundle of joy in the bassinet is going to be headed off to college before you know it, so it’s never too soon to start thinking about how to pay for it.

So when should you start saving for your kid’s college? The short answer is, as soon as possible. The long answer? Well…

What to do before you start saving

Yes, it’s important to start saving for college early, but many experts say you need to place equal if not greater importance on your own retirement plans. After all, there are other options for paying for college, but your only option without any retirement savings is to a) keep working or b) get by on meager social security payments.  College can be paid for with loan programs, scholarships and grants. Retirement cannot.

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How To Trim $500 From Your Monthly Spending

Posted by Alexa on Aug 6, 2014 9:09:00 AM

Think about how much sooner you might be able to accomplish those big financial goals you've been dreaming about — buying a new car, saving up enough for a down payment on a house, or finally finishing that home improvement project — if you could just find another, say, $500 to spare in your budget each month.

We know what you're probably thinking: That sounds great in theory — but it's practically impossible to achieve. Well, that's exactly what 33-year-old psychotherapist and Ph.D. candidate Lanada Williams is striving to do.

Williams wants to save up to buy a house in Washington, D.C., to share with her partner and 6-year-old son. But the country's capitol tends to be an expensive place to live, so she's finding it difficult to put away enough every month to reach her goal.

Fortunately, even the best-built budgets typically have room for some improvement. A tip? Learn to pinpoint those improvable spots and then make small adjustments that don't feel disruptive. "No one starts training for a marathon by running 26 miles," explains David Blaylock, CFP® withLearnVest Planning Services. "So you need to set a goal you can work toward over time."

To prove it may be possible to free up extra cash on a tight budget, we asked Williams to share her monthly expenses with us, so Blaylock could help retool her priorities in order to work on saving more for the house of her dreams.

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