Why veterans should establish an emergency fund after returning to civilian life

Financial literacy is essential to reintegrating military members into society. After many years away from civilian life, you might miss the opportunity to put your finances in order.  According to a survey by the National Foundation for Credit Counseling (NFCC), veterans are almost twice as likely to have recurring debt (58%) than civilians (34%), and 55% of veterans believe […]

‘Tis the Season to Give Charitably! 

We have an exciting course announcement. In 2022, we have continued to expand our robust library. In honor of the season of sharing, we have published a new course entitled “Charitable Giving.”   Charitable giving refers to the giving of money, trusts, or property to a charity. This type of giving is encouraged by the government […]

Next Year Will Bring a Big Jump in Retirement Plan Contribution Limits 

Who said inflation didn’t have any perks! This is one of them: according to the IRS, you can now sock away a much larger amount of money to your retirement plan. Whether you have a 401k, an IRA, or another plan, the IRS’s cost-of-living adjustments resulted in noticeably higher contribution limits for 2023.   Inflation is […]

Savvy Ladies partners with Financial Fitness Group to launch its Financial Knowledge Program of Courses, furthering its Mission to Empower Women Through Free Financial Education

NEW YORK, NY – October 25, 2022 – Savvy Ladies, a nationally recognized non-profit organization championing financial literacy and supporting free financial education for women, is launching the Savvy LadiesⓇ Financial Knowledge Program. This new educational program of free financial courses is in partnership with the Financial Fitness Group, developers of industry-leading interactive financial wellness […]

Bridging the Persistent Gender Gap in Financial Literacy

Financial education can make a huge difference in everyone’s lives. Numerous studies show financial literacy can help people manage their money more effectively and thereby help them maintain an improved standard of living. The FINRA Investor Education Foundation and the National Endowment for Financial Education recently scrutinized more than 76 research experiments on the benefits […]

Credit Unions Will Gain a Competitive Advantage over Banks by Focusing on Financial Wellness 

Credit unions are finding more value in the financial wellness of their members as they look to gain a competitive advantage over traditional banks. Nowadays, with more families living paycheck-to-paycheck, and 40% of U.S. credit union members living paycheck to paycheck, on any given day 49% of Americans cannot afford a $400 emergency (source: Motley […]

Financial Education as a Value Proposition for Credit Unions For Employees and Members   

The lack of financial education, especially after COVID-19, has many people at a disadvantage. With 80% of people living paycheck to paycheck and under strong financial and employment insecurity, it is critical now more than ever before to increase overall financial knowledge. Imagine the advantages that can come with having a strong grasp of how […]

Summer is Ending, but Saving Is Beginning 

So, you’ve splurged on concerts, travel, and good times this summer. We participate in more activities and sometimes slip and spend more money than anticipated. That is what summer is all about. But as the kids return to school and fall approaches, understand why you are saving and how much you should put away each […]