This That & Chit Chat

Whether you need some more space, are ready to downsize into something a bit more manageable, or are relocating to a new place, you should prepare for the emotional and financial impacts of selling your home.

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A budget is a plan for how you’ll spend your money. To create one, you divide your income (the money you get) into your expenses (the things you buy).

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Your financial institution is one of the safest places to store your hard-earned cash. The best part? All you have to do is open an account.

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Cybersecurity risks have grown just as rapidly as technology has and online scam artists are always finding new ways to lower a system’s defenses.

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Filing a tax return is a matter of following the line-by-line instructions that come with your tax form. Each form has its own set of instructions and includes a number of charts and worksheets to help you figure out if you're eligible for credits, deductions, and exemptions.

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Many major life changes, such as buying a new home, changing jobs, getting promoted, starting a business, having a child, and more, will have tax implications. But that doesn't always mean you'll owe more to the federal government.

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Even if you’re just starting your first real job—actually, especially if you’re just starting your first real job—it’s time to start thinking about retirement. That’s not a comment on how motivated or unmotivated you are, or a suggestion that you should wish your life away. It’s just reality.

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Finding the right credit card isn’t as easy as filling out the first application you get in the mail—or at least it shouldn’t be. To use credit to your maximum advantage, it’s best to shop around before picking the right card for your needs.

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If you want the best renting experience possible, there are a few rules you should follow.

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Changes to the economy, your situation, or your goals may prompt you to take a look at your budget for opportunities to save. But where do you start? These lists will help you make changes, both big and small, to your budget.

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Frugal living discussions often talk about pinching pennies or “stretching a dollar.” A penny saved is a penny earned, or so the saying goes, but is that actually the case?

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If you're building an emergency fund, saving for a big purchase, or getting money together to invest, using an insured savings account can put you on the right road.

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When shopping for a car, it's usually best to start by shopping for a car loan.

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Follow these 7 internet safety rules to help keep yourself and others safe online.

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It’s likely you use a phone, computer, or some other device every day (you’re even using one right now!). But just because you use it often doesn’t mean you can let your guard down.

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Still stashing money under beds, in ceiling tiles, or under floorboards? You may even use a safe to protect your cash. Yes, these are fun, creative ways to secure money, but they aren't great for all your income. Instead, it’s time to take safe-guarding your money a little more seriously. Checking accounts—they’re serious—and safe.

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Most people ask, "How much does college cost?"—that’s the first mistake. It’s not to say this question isn’t answerable, but grouping college into one huge expense can be a little deceiving.

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A home equity line of credit (HELOC) is a line of credit that allows you to tap into your home’s equity.

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Writing a business plan is an essential part of building a successful business. At its core, a business plan is a road map for your project: it establishes your purpose, it sets goals and expectations, and it forecasts the relationship between cost and revenue. Business plans exist in many forms: some formal and some informal.

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How did you decide where to open your first bank account? Where did you learn to budget or pay bills? If you have a money question now, what do you do? Who do you turn to?

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While bank and banking are universally understood and accepted terms, the term credit union is still largely misunderstood and unknown to many. Credit union is an unusual term, isn’t it? Is it just another name for a bank? Is it a credit card company? Do I have to be in a union to join?

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Consumer debt is an extremely contradictory part of our personal finances: it’s at once common and incredibly personal. According to numerous sources, the majority of US adults owe money in some way, shape or form—and yet what this consumer debt represents can vary drastically from person to person. To some, a debt might signify a major accomplishment or progress toward a large goal. To others, it might be a constant reminder of a time of crisis or hardship. The decisions that lead us to consumer debt can be thoughtful and deliberate, or rushed and misguided. It is perhaps these differences that make it challenging to talk openly about debt for fear of judgment.

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While the price tag for a college education has edged down slightly during the pandemic, it’s important to plan ahead to determine how to fun – or partially fun – tuition, fees, room, board and everything else for four (or more) years of undergraduate studies.

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Scammers target seniors more aggressively than any other group. Recognizing the most common scams helps prevent your money and personal information from getting stolen.

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Even though there are over 5,000 credit unions in the United States, many misconceptions about their structure and their services still exist. One popular-but-false assumption is that the term “credit union member” is interchangeable with the term “credit union customer.” It might seem like a harmless mistake, but the concept of membership is what sets credit unions apart from other financial institutions. A “member” isn’t an empty marketing term—it reflects your credit union’s commitment to co-operative values and shapes your entire banking experience. As a member, you’re a part owner, you have a say in how your credit union is run and you get to share in its success in tangible ways.

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What was the very first financial choice you ever made?

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According to the American Pet Products Association, nearly 70% of all US households own a pet. That translates into an estimated $86 billion spent on food, supplies, medical care and pet services in 2018. Although the love and companionship our furry (or feathered, or scaly) friends provide is priceless, it’s impossible to ignore the effect that pet ownership has on our wallet.

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Asking the right questions is an important part of every financial decision you make, and home ownership is no exception. If you’ve been thinking about buying a place, preliminary research will turn up a long checklist of questions for you to ask at every part of the process. There are questions for your financial institution, questions for your mortgage broker and questions for your real estate agent. But what about the questions you should be asking yourself?

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Like going to the gym or eating a healthy diet, saving money is one of those concepts that’s simple to grasp but weirdly challenging to put into practice. We understand its benefits. We agree that it’s essential to our well-being. We know that it’s something we should be doing. But paycheck after paycheck, it’s the same routine: after the bills have been paid and the regular expenses have been looked after, there just isn’t quite enough left over for our savings goals. We blame our lack of financial willpower and promise ourselves we’ll do better next paycheck, but more often than not, the cycle repeats itself. If this scenario seems all too familiar, consider automating your personal finances in order to pay yourself first.

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Picture this: you’re steering your shopping cart through the sliding doors of the supermarket, shopping list in hand. As you walk the aisles, there’s a strategy you can use to save an average of 33% on your entire purchase. It doesn’t require any coupon clipping or rewards cards. And the best part? You still get every single item on your list. The secret? Buying private-label products instead of brand-name products.

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Con artists cheat Americans out of billions of dollars every year. Recognizing red flags for potential scams can help protect you, your loved ones, and your hard earned cash.

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Credit scores are an area of personal finance that seem a lot more mysterious than they actually are. Many people believe that improving them is a matter of trial and error and, as a result, there’s a lot of “credit score advice” floating around that can end up doing more harm than good. Four common credit score myths have been rounded up and debunked below:

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5 Financial New Year’s Resolutions & How to fulfill them

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An emergency fund is an essential part of your personal finances. Its importance is stressed in almost every personal finance book and budgeting blog, and yet 26% of Americans currently have no emergency fund in place. Of those who do have an emergency fund, up to two-thirds do not have the often-recommended six months’ worth of expenses saved up.

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Prepare your tax documents – One third of Americans file their taxes at the last minute. Filing late could cost you additional penalties, interest, or fees. Most common tax forms include:Wage information
Photo identification
Personal information for all filers
Previous year(s) tax returns
Charitable donations
Childcare or education expenses
Itemized medical expenses

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The Free Application for Federal Student Aid (FAFSA) is an application for financial aid made up of scholarships and grants that the government awards to students based on their needs.

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Refinancing can be beneficial if everything lines up in your favor. What can you get out of it? The list is long and exciting for someone stuck with loan payments that they aren’t happy with.

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Retail sales during the November - December 2020 holiday season grew at an unexpected high rate of 8.3%.  Sales are expected to grow again in 2021.

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When it comes to buying a new car, you have three options: purchasing it with cash, purchasing it through a loan (also known as financing) or leasing it. For most shoppers, the decision comes down to buying or leasing.

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Kohler Credit Union members are able monitor their credit by using Credit Insights, our free credit monitoring tool available in digital banking. Want to learn more about credit scores? Click here to read more about your credit score and why it’s important or check out our credit score videos on It’s a Money Thing.

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One of the most effective tools for preventing a large-scale financial disaster is an emergency fund, an amount of money that is set aside to cover unexpected expenses, or to keep you afloat if no regular income is coming in.

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Kohler Credit Union members are able monitor their credit by using Credit Insights, our free credit monitoring tool available in digital banking. Want to learn more about credit scores? Click here to read more about your credit score and why it’s important or check out our credit score videos on It’s a Money Thing.

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If you’re considering financing your college education with the help of a student loan, the smartest thing you can do for yourself is to only borrow what you truly need. (This advice applies to pretty much all loan products, by the way.) Pursuing post-secondary education should be an exciting time in your life. You’re making decisions and opening up possibilities that will shape your future—a future that is adventurous and fulfilling and that decidedly does not include years and years of crippling debt.

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Are you looking at purchasing a new or used vehicle? Here are three reasons why a credit union is the best choice for your next loan:

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We are in the midst of tax season, which means a tax refund could be coming your way! You may be wondering how to use your refund if you receive one. Should you pay off debt? What about saving for a big expense? Should you put it towards retirement? Here are a few suggestions of what to do with your tax refund this year*:

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Navigating a new auto loan can be confusing, let alone considering options to refinance. Do you have questions about refinancing an auto loan? We want to help! Our Consumer Relationship Manager, Josh MacDonald, breaks down common FAQs on refinancing:

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Fall brings beautiful colors, apple orchards, pumpkin patches, delicious food, and spending time with the ones you love. But it also brings up the age-old question: when should I switch from A/C to heat? We asked a local expert, Full Service Heating & Air Conditioning, to find out more and discover ways to save money on utilities in the winter.

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As I grow older (officially hit the big 3-0 this year), I have noticed that time seems to fly faster than ever. There never seems to be enough time in the day to accomplish everything on that to-do list of mine. As a working mom of a 2-year old in the midst of potty training, there is little time between my job, laundry and picking up the house (for the 6th time) to even catch my breath somedays. So when it comes time to pay bills, you can imagine how much I dread wasting valuable time filtering through statements, finding my check book (if I can even locate it in my purse) and physically mailing out payments… these are just a few of the reasons I started using bill pay through Kohler Credit Union’s beMOBILE services. Below are three benefits of paying bills electronically:

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High school is a period for growth and a chance to discover new things. If you have an idea of what you want to pursue in the future, applying for a youth apprenticeship is a beneficial opportunity. It can help you explore a profession more in-depth by working in a position specific to your field of interest. You get to learn from those who are already in that profession while gaining valuable skills and experience.

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