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Perspectives, Financial and Otherwise,
from Sharon Credit Union

2/21/2018 | Security

Beware of Intel Patch Scams

Last month, we learned that millions of processors throughout the world were vulnerable to hackers. The problems, known as Spectre and Meltdown, lie within chips of computers and smartphones, making them...

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2/13/2018 | Education

6 Common Tax Mistakes To Avoid

It’s that time of year again! Get ready to break out the calculator and pencils; dig out the enormous pile of receipts, tax forms, and pay stubs, and get to work. Whether you choose to go it alone, use a tax-prep computer program or hand it all over to an accountant, start with checking out our handy list of common mistakes people make on their tax returns.

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2/12/2018 | Security

ATM Jackpotting Scam

Jackpotting attacks on ATMs have been spreading through Europe and Asia for quite some time now. Recently, though, Brian Kreps reported that the Secret Service has warned of jackpotting scams hitting the United States.

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2/6/2018 | Education

Will Amazon Go Destroy The Face Of American Retail?

You’ve picked up your last item, and you’re ready to check out. But if you thought choosing the right blend of K-cups was a tough decision, that’s nothing compared to the choice you’ll have to make now. Do you go to the aisle with the most carts that has the fastest cashier?

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2/2/2018 | Education

What You Need to Know about Government Shutdowns

When there is a government shutdown, what does it mean for you? Which offices and agencies are operating as usual and which of them are shuttered until it’s over?

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1/31/2018 | Education

7 Common Life Insurance Myths Debunked

Many of us let popular misconceptions about life insurance convince us that we don’t need it. Read on to see how seven of the most widespread life insurance myths are easily debunked.

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1/30/2018 | Education

Financial Planning For College: How To Get The Most Out Of The FAFSA

If you’re the parent of a college-bound high school student, you’ve probably already started receiving junk mail with pictures of big, impressive stone facades on the outside and big, appalling price tags on the inside.

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1/29/2018 | Education

FAQs About Share Secured Loans

Wondering about share secured loans? Here’s all you need to know about this unique product that can provide a low-interest rate plus credit building and repair:

1.) What are share secured loans?

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1/24/2018 | Education

The Brain/Money Connection

We know that stress impacts our health in various ways, but did you know the brain is also physically affected by stress? Neuroscientists at the University of California, Berkeley, have found that chronic stress triggers long-term changes in brain structure and function. And nothing spells stress like money dilemmas!

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1/18/2018 | Security

Phone Cloning and Digital Self Defense

Did you know it’s possible to clone a phone? It involves copying the identity of one phone to another. In fact, in today’s digital world, when we use them for everything from ordering an Uber to paying for purchases, mobile phones can be a major source of security breaches. And as frightening as it sounds, the only thing a hacker needs to launch a major attack is your phone number.

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12/27/2017 | Education

Ready, Set, College

It may seem like yesterday when you were sending your child off to preschool. And now you’re preparing him for college!

The process of a child leaving home is a major milestone that is made extra complex because of the emotions it generates.

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12/13/2017 | Lifestyle

Surviving the Holidays With Your Sanity Intact

With crowded stores and an ever-growing list of people to shop for, it’s easy to get overwhelmed and to overspend on your holiday shopping. No worries, though; we’ve got you covered! Read on for pre-and post-holiday tips and have yourself a jolly December without breaking the bank.

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12/5/2017 | Education

Everything You Want to Know about Bitcoin (…But Were Afraid to Google)

What is Bitcoin?

Bitcoin is a form of money that is entirely digital. The U.S. has dollars, Europe has Euros and the internet has bitcoins. The fact that bitcoin is digital isn’t all that interesting – because, in reality, an estimated 92% of all money is digital.

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11/29/2017 | Education

Beware of Banking Scams

There’s been a recent uptick in banking scams where criminals pose as representatives of the victim’s financial institution, thereby obtaining sensitive information. The scammers use the credit union’s social media account or likeness to appear authentic.

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11/21/2017 | Finances

The Real deal on the 2018 Tax Changes

The current administration is implementing changes to the U.S. tax code. The administration believes these changes will strengthen the middle class, reinvigorate business and decrease unemployment. Unfortunately, though, most of them will do little, if anything, for the state of the economy.

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11/14/2017 | Education

The iPhone X and Decoy Pricing

Retailers often manipulate our spending habits. For instance, every time you shop, your choices are likely influenced by pricing tactics like BOGO, anchoring and high-end pricing.

And then there’s the tactic favored by Apple: decoy pricing.

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10/23/2017 | Finances

7 Ways to Save on Thanksgiving Costs

Between your turkey, ingredients for the holiday meal and décor to set the ambiance, hosting a Thanksgiving dinner is not cheap. If you’re looking for ways to cut back without compromising on quality, read on for seven easy ways to save on Thanksgiving costs this year. 

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10/23/2017 | Finances

Beware Debt Relief

More than 42 million Americans have student loan debt, with their collective debt topping $1.4 trillion. Unfortunately, these big numbers make student loan debtors excellent targets for scams.

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10/11/2017 | Finances

Updates on the Equifax Breach

It’s been several weeks since the massive Equifax data breach became public knowledge. While there are still more questions than answers, lots of factors have been clarified. Here are some of the most common questions answered so far:

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10/3/2017 | Education

The Dos and Don'ts of Credit Repair

Looking for ways to improve an unfavorable credit score? Look no further! Our handy guide will help you get on the road to improving your score.

Do: Determine your actual credit score

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10/2/2017 | Education

Should I Make A Balance Transfer?

Are you considering a balance transfer to an interest-free card and wondering if it's a good idea? While transferring some or all of your credit card debt to one that includes an introductory interest-free period can help you move toward a debt-free life, there are some things to be aware of. Consider these pros and cons:

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9/6/2017 | Finances

Dealing With A Financial Setback

If you’re hit with hard times, here are some tips to keep in mind.  

Financial setbacks come in all shapes and sizes. It can be an expensive household repair, a medical emergency, getting laid off or the birth of a baby. Whatever the situation, it’s impossible to plan for every financial hit you will take in your lifetime.

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8/30/2017 | Education

Do Your Kids Have Virtual Shopping Smarts?

Did you know that 73% of millennials questioned in a Bazaar Voice survey do all their shopping on their smartphones? It’s not surprising. The world of commerce is constantly becoming more digitized as retailers focus on improving their online presence to cater to cyberspace shoppers.

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8/23/2017 | Retirement

Retirement Savings For Self-Employed People

Moonlighting is the new normal. It seems like everyone has a side hustle or a personal project they hope to someday turn into a business. While this money-making ambition is good for the pocketbook, it can be a little tricky come tax time.

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8/17/2017 | Lifestyle

Financial Tips For Single Parents

Single parenting brings unique budgeting challenges.

The U.S. Department of Agriculture reports that it costs an estimated $241,080 for a middle-income couple to raise a child to age 18 – and many single parents shoulder that responsibility alone. 

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8/13/2017 | Lifestyle

12 Back-To-School Savings Tips

Like most people, we’re sure you want to get through the back-to-school season without spending a small fortune.  Back-to-school time is the second largest shopping season of the year. If all that spending makes your head pound, take heart. Sharon Credit Union has your back! 

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8/1/2017 | Lifestyle

6 Ways To Save On Your Summer Vacation

The open road is calling and your dream vacation awaits! But first, you need to work out the financial details. How are you going to pay for your getaway?

Ideally, a plump vacation fund is the way to go.

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7/25/2017 | Lifestyle

Save Money While Vacationing Abroad

Exploring foreign shores and dining on exotic fare are what make up many dream vacations. But when you suspect a money changer has taken you for a ride or you’ve busted your budget after only two days, it can quickly become a nightmare. 

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7/20/2017 | Lifestyle

Newlyweds: Don’t Let Financial Stress Take The Cake

Of all the things to discuss before marriage, finances are the least exciting. Statistically, money is the top reason couples argue and financial arguments are among the top predictors of divorce.

So, how can you avoid becoming a statistic? Here are some ideas from the experts:

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7/18/2017 | Kids & Money

Beware of Scams! Give Your Kids Tools For Standing Up To Con Artists

The world is a big and beautiful place.

Unfortunately, it is also filled with unethical people who are trying to take advantage of the innocent and the naive at every turn.

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7/12/2017 | Education

Putting Your Affairs In Order: 7 Steps To Make Sure You’re Prepared

They say there are only two guarantees in life: death and taxes. 

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7/11/2017 | Security

Beware Of Fake Checks! 3 Tips To Protect Yourself From The Latest Scam

Personal checks look simple and innocent. Recently, though, the Federal Trade Commission (FTC) and other agencies have warned about increases in fake check scams.

There are several variations of the scam, and they all end with you losing thousands of dollars.

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7/6/2017 | Finances

Deciding Which Bills to Pay First

The following is a guest blog post from our partner, Greenpath Financial Wellness.

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7/5/2017 | Security

Summertime in Scam City

Scammers don’t take summers off. 

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6/28/2017 | Lifestyle

8 Ways To Save On A Vacation

Just because you’re going on vacation, that doesn’t mean your budget has to take a hike. Use these tips to save big and still have a wonderful vacation!

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6/26/2017 | Finances

Plan For The Payoff When You Plan Your Student Loans

When your student understands the long-term consequences of accumulating..

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6/22/2017 | Finances

4 Ways To Repay Your Student Loans With Help From Sharon Credit Union

We can help you pay back your loan.

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6/21/2017 | Security

Home Improvement Scams

Here are some signs you might be working with the wrong person.

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6/16/2017 | Lifestyle

20 Ways To Celebrate Father's Day -- Without Breaking The Bank

We all want to show our dads that we care on Father’s Day. Many people panic and run straight for the ties. But unless your father is a necktie aficionado and you can land him the rarest of rare finds in men’s fashion, you may want to consider something else that shows how well you know and appreciate your dad.

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6/14/2017 | Education

How To Be Smart About Student Loans

There is one thing you can start doing this year to take away a lot of stress in your 20s.

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6/12/2017 | News

3 Changes In The VantageScore System

VantageScore is a consumer credit-scoring model, which dictates the way credit bureaus — Experian, TransUnion, and Equifax — determine your credit score. 

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6/6/2017 | Lifestyle

6 Springtime Gardening Tips

There’s nothing quite like a garden in full bloom, but all that beauty takes work. 

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5/31/2017 | Kids & Money

Train Your Young Entrepreneurs

Your kids may be too young to know the first thing about running a business, but that doesn’t mean they can’t learn! Teach them all about scouting a market, creating a great business model and earning money with this fun and educational activity.

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5/25/2017 | Education

Memorial Day Celebrations, Yesterday And Today

Originally called Decoration Day, Memorial Day began following the Civil War.

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5/23/2017 | Lifestyle

Top 7 Home Improvements You Can Do Yourself With A Little Help From Sharon Credit Union

Consider these great home improvement ideas that you can do yourself!

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5/17/2017 | Lifestyle

4 Home Improvement Projects With High Long-Term Return

When you’re making improvements to your home, you’re not just making your life better in the short term.

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5/10/2017 | Education

Regulation D: How Does It Affect Me?

Feeling Limited? Blame It On Regulation D.

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5/4/2017 | Lifestyle

How To Get A Summer Job: A Guide For Students Of All Ages

It’s wise to start thinking about summer work now.

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5/3/2017 | Lifestyle

Mother's Day on a Budget

Along with the blooming flowers and blazing sunshine comes the plans for celebrating Mother’s Day.

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4/21/2017 | Education

Put Your Trust In A Trust: 4 Reasons Trust Accounts Make Sense For You

A trust is a private contract that is living.  

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4/15/2017 | Lifestyle

11 Ways To Scale Back On Food Costs

Are you looking to cut back on food costs? 

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4/12/2017 | Finances

Your Down Payment On A House

When you think about your down payment, balance is key.

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4/11/2017 | Education

Buying A Home In Today's Economy

The only thing certain about today’s economy is that it is uncertain.

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4/5/2017 | Education

Traditional Electricity Production vs. Solar Electricity Production

It is important to know how your current electricity is being produced.

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3/30/2017 | Security

Stay Away From These Airbnb Scams

An Airbnb host you were interested in sends you a link to several other properties they have for rent. 

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3/28/2017 | Lifestyle

Safety First: 4 Ways To Prepare For Hurricane Season

Here are 4 ways to prepare for hurricane season.

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3/22/2017 | Education

Women's History Month: Women In Finance

Because March is Women’s History Month.  

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3/21/2017 | Lifestyle

4 Quick Tips When It Comes To Paying Your Wedding Bill

In a perfect world, you already have all the money you need saved in the bank.

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3/14/2017 | Lifestyle

5 Ways To Save On The Cost Of Your Wedding Day

If you’re tying the knot this year, read on for five ways to save on the cost of your big day!

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3/9/2017 | Security

3 Tech Support Scams To Watch Out For

It’s important to be vigilant when browsing, and watch out for these three tech support scams.

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3/1/2017 | Security

Beware Of The Fake Tax Form Scam

Tax season means a paperwork blizzard. 

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2/22/2017 | Finances

America Saves Week - Saving For The Future Can Save The Day

The week of February 27 to March 4, 2017, is America Saves Week. 

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2/21/2017 | Lifestyle

5 Tips For Saving On A New Computer

Here are some tips on how you can save on your purchase.

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2/15/2017 | Education

Leasing vs. Buying A Car

Here are some things to think about before making that decision.

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2/13/2017 | Lifestyle

5 Tips To Keep Your Wallet Insulated From Winter Heating Costs

Unfortunately, keeping a home warm isn’t cheap; monthly heating costs can easily reach $300.  

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2/8/2017 | Finances

6 Questions Your Auto Dealer Hopes You Can't Answer

Let’s go through some of the more challenging parts of automotive financing.

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2/7/2017 | Kids & Money

Talking To Your Kids About Taxes: How Much Should You Share

Your taxes are a major family expense, and at some point, your children will come asking questions about them. What should and shouldn’t you share?

Two of the main factors to consider are age and maturity level.

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2/1/2017 | Security

Beware These Utility Scams

The Department of Consumer Affairs has warned of a new scam targeting utility customers.

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1/26/2017 | Lifestyle

4 Tricks To Cutting Your Property Tax Bill

If you want to cut your property tax bill, try these four tricks.

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1/24/2017 | Education

Do's And Don'ts When Preparing Your Taxes

You need to be aware of some potential pitfalls that you could easily fall into. 

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1/18/2017 | Finances

3 Tips For Managing Your Debt

Here’s what you can do.

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12/29/2016 | Kids & Money

Thank-You Notes: More Than Courtesy

The days after Christmas can have a sort of serenity to them. All of the shopping is actually done. All of the parties have been hosted. Family has come and gone. There are a few days until New Years with nothing much to do.

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12/27/2016 | Lifestyle

7 New Year's Resolutions For A Richer 2017

Check out these seven ways to make 2017 the year of the dollar!

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12/20/2016 | Retirement

Financial Freedom: What It Takes To Free Yourself From Work

If it’s a goal, or if you’re just curious, consider the following.

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12/14/2016 | Lifestyle

How To Be The Host With The Most Without Draining Your Account

Try these 3 handy tips to save on expenses.

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12/12/2016 | Security

Going Away For The Holidays? Don’t Announce It Online Unitl You’re Back

It’s better to be safe than sorry.

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12/8/2016 | Lifestyle

Going From New Homeowner To Happy Home: Tips For Recent Homebuyers

Check out these common homeowner situations.

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12/7/2016 | Lifestyle

How Not To Bust Your Holiday Budget

There’s a better way, and it’s simple.

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11/30/2016 | Lifestyle

Make The Nice List With Your Credit Card Use

Stay on the right list, and avoid smudges on your credit report!

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11/22/2016 | Security

Dealer Auto Finance Scams

We'll talk about what to look for and how to avoid dealer finance scams so you don’t spend too much on your next car.

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11/16/2016 | Education

Credit Cards Or Debit Cards - What's The Smartest Swipe?

Which one should you use? The answer depends largely upon your lifestyle.

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11/14/2016 | Security

Watch Out For These Product Recall Scams

A product recall is never pretty

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11/9/2016 | Security

Get These Things Out Of Your Purse Or Wallet Now

Give your purse or wallet a good once over.

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10/25/2016 | News

What Happened At Wells Fargo?

Here are a few common questions about the scandal and what to do if you’ve been impacted by it.

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10/17/2016 | Lifestyle

Bring Back The Brown Bag: Saving Money On Lunch The Old-Fashioned Way

Here are three tips to jump-start your new lunch habit!

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10/17/2016 | Finances

Personal Loans: The Swiss Army Of National Finance

Sometimes life throws expensive surprises.

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9/21/2016 | Security

ATM Fraud On The Rise: Staying Safe While Getting Cash

Scammers are everywhere in web-based commerce

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9/13/2016 | Lifestyle

4 Meal Planning Tips That Can Save You Hundreds

Meal planning is a simple and effective way to save a lot of money each month.

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9/12/2016 | Education

Beware The Boom: Diversify Your Portfolio To Protect From The Bust

There’s always a “next big thing” in investing

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9/6/2016 | Security

3 Tips To Avoid Being Taken By Rental Scams

Renting an apartment can be scary

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8/29/2016 | Education

Turning Back to School Shopping into a Personal Finance Lesson For Your Kids

Most parents regard back to school time with a mix of emotions.  On one hand, you’re sorry to see your kids go.  Summer has been a great time to tackle projects together, build memories, and have fun.  On the other hand, it’ll be nice to have the whole house awake and moving before noon again!

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