HRCCU Blog

If you’re just starting to really get into budgeting money you may be in a bit of a frustrating situation. You want to be an absolute pro but you don’t know where to start. Don’t fall into despair quite yet. Becoming a total mastermind at budgeting takes a little bit of practice and patience, but if you follow these steps you’ll be an expert budgeter in no time! Here are our 4 tips on becoming a budgeting mastermind. 

Health Savings Accounts, or HSAs, are a fairly new invention - they were only established in 2003. Despite a fair amount of publicity right around the new year each year there is a decent chance that you haven’t even heard of an HSA before let alone know what it is. As it turns out, they are actually an extremely valuable type of savings account to have, and we’re here to tell you all about them! 

Home ownership has a lot of perks: you can make renovations and stylistic changes at your leisure. You don’t have to rely on a landlord to make house repairs, and in the long run it’s a better money investment than renting. On top of all of that, if you own a home you can also be eligible for a couple of different unique sources of cash flow. Most notably the access to home equity loans and cash-out refinancing. Both options are exceptional to have in your financial toolbox, but it’s important to understand the different types of utility that they offer, so that you can ultimately understand which is the right option for you. 

You bank with HRCCU because you want your money to be safe and sound in an account that you trust. What you might not know is that HRCCU members have access to a bunch of other resources. Here are 3 of our favorites that you might not have known about! 

One of the most fun parts of the autumn season is Halloween, and one of the best parts of Halloween is being able to dress up! There’s only one problem: if you’re on a budget a lot of those especially cool Halloween costumes also tend to come with a big price tag. Luckily that doesn’t have to be the case. With a little creativity and thought you can save yourself a couple dollars and make a killer Halloween costume while doing it! Here are 3 ways to save on a costume this Halloween. 

If you’ve been a homeowner for a number of years, chances are good that you’re eligible for a home equity loan. But even if you are eligible you may be asking yourself: “Why would I take out another loan?” A home equity loan has quite a few benefits that are worth investigating. Does that mean you should take one out just because you can? Of course not! What it does mean is that you should know about the potential financial opportunities one of these loans can offer - it might provide benefits that you don’t even know about!

When you’re looking to buy a car, sometimes the range of different financing and vehicle options can be difficult to parse through: do you want to lease or buy? Do you want to take out a loan or buy a car outright? Of course, making these decisions can also be largely dependent on how flexible your income is, and the access that you have to a loan with a reasonable interest rate. So how do you know which makes the most sense for you? There are a couple of things to consider when making this decision. 

If you have young kids, then you’ve probably experienced some feelings of anxiety over both the future of their finances and the future of their financial knowledge at least once or twice. Youth education is not usually especially focused on teaching kids about how financial systems work or teaching about handling and managing money in the future. This responsibility falls upon the parents, not schoolteachers, and with life seemingly becoming busier and busier, it’s always a benefit to have some tools that will help you better educate your child about money. That’s where a youth savings account comes in; after all, what better way to learn than through experience?