Harbor Credit Union® is a member focused financial cooperative committed to building our members' financial well-being and becoming their primary financial institution.
Harbor Navigator is our member newsletter. Its purpose is centered on providing our members with information and guidance to improve their financial well-being. Packed with articles and information about everything happening at Harbor Credit Union. PDF versions are listed below.
||Mobile Deposit Now Available, What's A Credit Union, Steer Clear Of Payday Loans, Common Ground Healthcare Cooperative Visit
||Potential Budget Busters For First Time Home Buyers, Fighting Over Finances, Understanding and Managing Your Identity Verification Phone, Pay people with Popmoney
||You Can Get A Home Without 20% Down - You Just Need PMI, Budgeting In A Tough Economy, Advantages Of Home Equity, Pay people with Popmoney
||New Online Banking, 1st Time Log In, Bill Pay Migration, Migration Timeline
||Overshadowed Location To Close Its Doors, HarborCU.com Facelift, Popmoney Coming Soon, Depositing Checks As Simple As A Selfie
||2016 Housing Market, Bring Home Baby Without Breaking The Bank, Does It Pay To Refi?
||Online Banking Major Upgrade, How To Become Mortgageable, Confusing World Of Credit Scores
||Millennials Want Small Affordable Houses, What EMV Cards Mean For You, Surviving Job Loss
||Credit Score Conversations Are Critical, Debt Consolidation Pros and Cons, Let's Cooperate
||Home Equity vs Home Equity Line of Credit, Should You Buy or Lease Your Next Vehicle, Potential Budget Burden For 1st Time Home Buyer
||How To Sell Your Home Faster, Make Your First Car Buying Experience A Smooth Ride, Does It Pay To Refi?
||How To Boost Your Credit Score, Simple Solutions To The Store Credit Card Trap, Buying Your First Home, 0% Too Good To Be True?
Money iQ is Harbor's online financial wellness center provides you with fresh video content on important topics to help you build your financial well-being.
If you're in your 20s, you have a financial asset money can't buy--time. And time makes your money grow. Making some smart money moves in your 20s pays off now and in the future. Here's a list of 10 smart money moves for twenty-somethings:
1. Set financial goals, say, to take a vacation, go back to school, get married, buy a house, or start saving for an early retirement. Put your goals in writing, then calculate how much you'll need to save each month to reach them.
2. Make a spending plan, limit your debt, and concentrate on paying off existing bills. Limit debt to your ability to repay. Monthly credit payments, excluding a mortgage, shouldn't exceed 20% of your monthly take-home (after-tax) pay.
3. Build an emergency fund equal to three to six months' living expenses, even if it takes years to build. Use this fund only for true emergencies, such as unexpected car repairs, illness, or unemployment.
4. Save at least 10% of gross income for your emergency fund, future goals, and retirement. If you can't manage 10%, start with 5% and increase it over time.
5. Take advantage of the services Harbor Credit Union offers. You'll earn more when you save and pay less when you borrow.
6. Make it a priority to get adequate health, disability, auto, personal liability, and tenants' or homeowners' insurance. If someone else depends on your income, you also need life insurance.
7. Once you've implemented your spending plan, built your emergency fund, and obtained appropriate insurance, make the most of your money by starting to invest. The key to making the most of your money is investing small amounts gradually and sensibly over time.
8. Use tax-advantaged savings plans your employer or the government offers to save money for your retirement, such as company 401(k) retirement savings plans and individual retirement accounts at Harbor Credit Union.
9. Keep job options open by keeping your job skills fresh. Get necessary training and education so your knowledge and skills stay up to date.
10. Maintain orderly financial files to keep track of your money and put your hands on important records when you need them.