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Rapids Blog

Save Money Every Day

Reviewing Receipts

You've probably heard the phrase, "It's not how much you make; it's how much you spend." There is truth in that witty saying, but the problem is figuring out how to spend less each day. Keep reading to learn about smart ways you can save money every day of the month.

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Post-Pandemic Budget

Budget planning on laptop

Now that the world is opening up again, your spending habits are probably changing. Gas expenses may have increased by getting out more. You may be feeling the need for a social spending spree of outings, dining, and events that you haven’t been able to indulge in for over a year. You may also be earning more again and feeling more secure financially. Or, you may feel lost about how to recover from the past year. Rather than “winging it,” now is the time to rebuild your post-pandemic financial health with a new budget!

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Credit Score Factors

Credit report on laptop

It's no secret that maintaining a good credit score is essential to strong financial health. It is a must if you ever wish to take out a substantial loan or need to apply for rental properties. Most people know the basics of what may hurt and what may help your credit score. For example, paying your bills on time will help your credit score, while filing for bankruptcy will hurt it. However, you may not know about a few surprising things that can hurt your score. Here are six factors that may negatively impact your credit score.

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Caller ID Spoofing

Caller ID Spoofing

Credit union members in the Northwest are falling victim to a new twist on classic telephone scams. Scammers are using easily obtained software to mimic the phone number of credit unions and other financial institutions. They then make phone calls to their victims, posing as credit union employees from the security department, and try to obtain information from the members to set up fake debit cards and credit cards, and to steal credentials to compromise online banking accounts.

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Protecting Sensitive Documents

Protecting sensitive documents

We take a look at how to collect and protect important personal documents. Keeping sensitive documents safe can give you peace of mind in case of unexpected events, and ensure you have documents ready when needed. Below we share what documents you should protect, and options for doing so. This also can be a great summer project if you are stuck inside avoiding the heat.

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Money Skills for Young Adults

Young adult outside

As new college graduates, young professionals, and others in their twenties launch their careers, they get bombarded with tempting ways to spend money. For many, handling a more considerable income and “adult” expenses like rent, utilities, and insurance, is a new experience. Now more than ever, money management will be a skill needed to meet future saving and investing goals. Here are tips for twenty-somethings to help control spending and manage their money.

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Creating a Will

Creating a will

This month, we look at creating a will. It’s not always an easy thing to think about, but preparing for your end of life will ultimately ensure your property is distributed as you wish, and to the benefit of those you care about most. In this article, we discuss why a will is important and how to create one. While creating a will may not help your personal financial fitness, it can help your beneficiaries.

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Understand Credit Scores

Credit Score graphic

Your credit score is a vital part of your financial history. Lenders and other organizations use it to understand how much of a risk you are regarding financial matters and repaying your debts. Understanding how your credit score is made up and the typical ranges and ratings can help you gain insight into your creditworthiness and allow you to make improvements. Your credit score comes from several distinct but related areas that make up your credit history; these areas are combined to calculate your overall score.

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Funding IRAs

Retirement change jar

An individual retirement account, or IRA, is a powerful tool for retirement savers, but putting the money aside is not always easy. The contribution limits for these accounts keep rising, but that doesn't help if you have no money to save. So how do you put more money into your IRA? How can you maximize the tax benefits of these fantastic accounts? Here are some creative strategies to help you put more into your IRA this year.

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Personal Finance Hacks

Reviewing bills with calculator

When it comes to personal finance, everyone knows you should tackle your debts, avoid unnecessary expenses, and budget wisely. But certain expenses just can't be avoided. Things like rent, utility bills, and essential weekly costs like food are bound to cost you money. However, with some smart planning, you'll be surprised at how much you can save. Here are five personal finance life hacks to reduce your living costs.

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