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Cardinal News

Check out some of the latest news articles and find out what’s new with Cardinal Credit Union.

Reduce Your Expenses

Reduce Your Expenses Excerpts from Living within Your Means, available in the Savings & Debt section of your NEW Financial Fitness program. Expenses on utilities make up a big part of household budgets. Here are some ways to cut back on utility expenses to free up money for other things. Bundle your services for cable TV, Internet, and phone. Combining these services allows you the convenience of one bill and a lower combined rate. Bundling can save as much as several hundred dollars per year. Negotiate to keep teaser rates. Utility companies offer a lower rate to get you to sign…

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Timing Your Car Shopping

via FinancialFeed The year is getting nearer to the end. With such finality in view, how do we pass the time? How do we shift our thoughts to distract ourselves from another year gone by? A new car! Below you’ll find the best times to go car shopping to help you find the best deal possible. There a few factors to keep in mind when trying to get the best price on a car. Time of Year First, using the sales quotas of the sales representative will be one of your best tools in getting your car. Sales quotas can…

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Cardinal Credit Union: Empowering Young Adults Through Financial Literacy Education

YOUNGSTOWN, Ohio — A group of Youngstown State University students in a national co-ed professional fraternity gave up their winter and spring breaks to teach marketing, finance and entrepreneur skills to kids as part of Junior Achievement. The marketing students were among 10 volunteers and businesses honored Tuesday morning at the Junior Achievement of Mahoning Valley’s recognition breakfast. The nonprofit organization is celebrating 100 years of providing education in financial literacy, college and career readiness and entrepreneurships through business partners and volunteers from Columbiana to Ashtabula. JA President Michele Merkel reported the 584 volunteers served 12,192 students in 87 schools.…

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HABITS that Build Financial Well-Being

HABITS that Build Financial Well-Being October is Financial Planning Month. What is the definition of Financial Well-Being? According to the CFPB, financial well-being is defined as: “A state of being wherein you have control over day-to-day, month-to-month finances; have the capacity to absorb a financial shock; are on track to meet your financial goals; and have the financial freedom to make the choices that allow you to enjoy life.” With this definition in mind, SAM suggests these guiding principles for structuring your financial habits: Spend less than you earn - Bolster your savings and reduce your expenses. Remember, just because…

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The Price of Back-to-School Shopping Back-to-School shopping is almost as big as Black Friday—learn how to save this year. Ohioans may not be planning to spend as much as the national average on back-to-school shopping this year, but that doesn’t mean the supply run will be cheap. The back-to-school season has become the second biggest shopping season of the year in the U.S., according to a Deloitte Back-to-School survey. American households were expected to spend about $27.6 billion on clothes and supplies for the new school year in 2018. In the Ohio Credit Union League’s 2019 consumer survey, 36 percent…

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Understand Good and Bad Debt Pig Image

Understand Good and Bad Debt

Understand Good and Bad Debt An excerpt from Managing Your Debt from CUNA While some debt is okay, too much debt is not. So, how do you know whether you have too much debt or not? First let’s look at two different kinds of debt we might incur. 1. Investment Debt First, there is investment debt, such as the debt incurred to buy a home (mortgage) or to start a business. Generally, this kind of debt is used to purchase assets that when liquidated will provide cash to repay the debt, or will provide income or have use value over the life…

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Pile of Money

5 Things To Do Before Making A Big Purchase

by in Financial Tips Comments Offon Five things to do before making a big purchase Nearly 18 million Americans will buy a new vehicle this year. Over half of all Americans plan to buy a house in the next five years. As more consumers make major purchases, the demand for affordable loans will rise. How can consumers take action to save on financing costs and find the most affordable loan? According to a recent survey, many Ohioans planning to purchase a car or home have taken steps to prepare. Fifty percent of respondents indicated they would use money from savings for a…

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6 Steps to Change your Spending Habits

6 Steps to Change Your Spending Habits

Know how habits are formed In his book The Power of Habit, Charles Duhigg explains that habits go through a cue-routine-reward loop. First, something cues or triggers us to take an action. We go through the routine of that action, and we get a reward. To use an example from Financially Fearless, let’s say you have a habit of spending $5 on a snack every day at 4:00 p.m. You have to take a step back and understand what your cue is. Are you hungry at that time? In need of a break from work? If the real reward is…

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HRCC Business Expo

Award Winning 25th Business EXPO

Award Winning 25th Business EXPO Showcasing Local Businesses If you are looking for ways to expand your business, or are seeking enhancements to the services you provide customers, please join Cardinal Credit Union at: Thursday, May 9, 2019 Hilton Garden Inn & 700 Beta Conference Center, Mayfield Village 3:00 PM – 7:00 PM:  Exhibits Open Grow your business with the connections you will make and we will provide: Special Guests, Raffle, Cake, & more! Bring your friends, co-worker, colleges for an afternoon of fun and relationship building. Free Attendance with a business card! See you at the Business Expo!

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