Everyday Finance

Everday Finance Blog

Everyday Finance is your go-to resource for navigating life's financial twists and turns. We'll share advice on buying a home, financing a car, paying for college, saving for retirement, and everything in between. At Towpath Credit Union, we aim to guide and educate our members, and Everyday Finance is just one of the ways we can help.


Is Condo Living Right For Me? 

With Guest Blogger Dawn Lawson
Posted by Michael Thompson April 27, 2017
You are thinking about downsizing but just not sure what would be the right fit. Do you look for a smaller ranch style home or do you consider purchasing a condominium? Condominium living is more than just ‘downsizing’. It is a lifestyle. Here are a
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Mortgage Trail Guide 

Directions on the path to Home Ownership
Posted by Michael Thompson April 21, 2017
Our Mortgage Professional Amanda is offering FREE classes in how to go about obtaining a mortgage. Download (PDF) complete information on how to enroll today!.
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The State of American Saving - Taxes and other considerations 

Posted by Michael Thompson April 20, 2017
As you start to earn really substantial returns on your money, it will be important to limit the amount of taxes you pay on those returns. For instance, if you go into the stock market with your money without consulting a financial adviser and
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The State of American Saving - Maximize Your Rate of Return 

Posted by Michael Thompson April 20, 2017
You’ve established your rainy-day fund. You’ve mastered your budget and you’re saving for retirement and other goals. Congratulations! You’ve accomplished what most Americans have not and your financial future will be bright because of it. Now is
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The State of American Saving - Self Motivation 

Posted by Michael Thompson April 19, 2017
Self motivation can be difficult but I think I’ve come up with a few tricks that might help: 1. Set up a “Bill Pay” from your credit union to yourself. That way, you are going to have a tangible check sent to yourself every month, from
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The State of American Saving - Stay Focused  

Posted by Michael Thompson April 18, 2017
I truly believe personal finance is only 10% knowledge and 90% is behavior. I think our discussion yesterday proves that. The behavior of refraining from spending and instead saving that money is what makes the difference in savings rate. You can be
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The State of American Saving - Saving Rate vs Interest Rate 

Posted by Michael Thompson April 17, 2017
One of the biggest advantages of actually saving money is you are going to get paid by someone to hold onto that money for you! Woohoo free money! As you first get started it won’t be much. Especially in regards to the emergency fund. Actually,
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The State of American Saving - Other Savings Opportunities 

Posted by Michael Thompson April 14, 2017
Other savings - you can think about this when you have your emergency fund completed and retirement on track. Sometime’s life’s financial issues are foreseeable. Examples may be - you know you will need a new car in five years. You know your
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The State of American Saving - Savings "Buckets" part 2 

Posted by Michael Thompson April 13, 2017
We talked briefly about retirement savings in an earlier post, but it bears repeating. After you have established The Emergency Fund you need to focus on Retirement savings.. Why is that? Well if you don’t establish The Emergency Fund first, you
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The State of American Saving - Savings "Buckets" 

Posted by Michael Thompson April 12, 2017
Categorizing Your Saving Savings “Bucket” #1 - The Emergency Fund Saving is one of those things that can be both simple and complicated. Whats simple about it? Well, saving simply means spending less than you make, and putting the extra
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