Latest News https://wwfcu.org/blog/?p=2030 https://wwfcu.org/blog/words-of-warning-about-playing-the-market/ Investments investments market rules Words of Warning about “Playing the Market” Everyone has heard a story at one time or another of someone’s friend of their cousin’s roommate who “played the market” and hit it big. There are countless books written by successful traders who give general advice on how people can replicate the same success that they have achieved. Every day there’s news about movement Tue, 29 Nov 2016 13:06:06 Z WWFCU <p>Everyone has heard a story at one time or another of someone’s friend of their cousin’s roommate who “played the market” and hit it big. There are countless books written by successful traders who give general advice on how people can replicate the same success that they have achieved. Every day there’s news about movement on the stock market, and people murmur about how “someone, somewhere” must have made a killing. It can seem like there’s a fortune to be had if you just know the right rules or strategies. That idea couldn’t be further from the truth.</p> <p><img class="alignleft size-medium wp-image-2043" src="https://wwfcu.org/blog/wp-content/uploads/2016/11/Playing-the-Market-300x200.png" alt="playing-the-market" width="300" height="200" srcset="https://wwfcu.org/blog/wp-content/uploads/2016/11/Playing-the-Market-300x200.png 300w, https://wwfcu.org/blog/wp-content/uploads/2016/11/Playing-the-Market-63x42.png 63w, https://wwfcu.org/blog/wp-content/uploads/2016/11/Playing-the-Market-120x80.png 120w, https://wwfcu.org/blog/wp-content/uploads/2016/11/Playing-the-Market.png 500w" sizes="(max-width: 300px) 100vw, 300px" /></a></p> <p><strong>“Technical” Analysis</strong></p> <p>When people look for “secret stock market rules,” what they have in mind falls under the umbrella of “technical analysis.” Proponents of technical analysis claim there’s no need to look at a business’s financial statements, as all the necessary information is contained in its price history data. This data is to be interpreted with a myriad of techniques involving various indicators, “candlestick patterns” and market pseudo-psychology. Some proponents will claim that there’s no need to even know the actual price level or timeline: if you show them an unlabeled chart, they believe they can tell you if it’s going up or down.</p> <p>“Technical analysis” is an example of confirmation bias: people pay attention only to results that confirm their beliefs and ignore the ones that are contradictory. Don’t fall for this costly trap.</p> <p><strong>Seminars, Mentors and Proprietary Trading</strong></p> <p>If you start looking around for trading advice, you’ll quickly stumble upon allegedly “once-in-a-lifetime” and “one-of-a-kind” seminars or mentorships that claim they will teach you to be financially independent through trading. Usually there’s an ex-trader or two that run the whole thing and they’ll provide all sorts of software and live mentorship to “help” you make millions in the stock market. They usually charge somewhere in the neighborhood of $3,000 to $5,000, sometimes more. The sales pitch will make it seem like that’s pocket change compared to the life-changing dough you’re about to pull down once you learn to look for the right technical analysis patterns.</p> <p>You may also see job postings for entry-level proprietary trading positions. These are usually billed as work-training programs where they’ll teach you to trade full-time. All you have to do is put up $25,000 starting capital. They’ll be a little more up front about the risks involved, but still push the idea of endless piles of cash if you’re “disciplined” enough to stick to the program.</p> <p>Both of these “opportunities” are outright scams.  You will lose all of the money you paid, possibly more. The truth is that no one knows any special patterns that are foolproof determinants of which way a stock is going to trade tomorrow. Any such knowledge would be tantamount to knowing the future. Hedge fund managers who have studied the stock market for the better part of their lives struggle to beat the market. If there really were any such “strategy” for success, you can be sure they would be employing it for better returns than they’re currently reporting.</p> <p>If you want to “play the market” and do some active trading, that’s okay. Just be clear with yourself that you’re essentially gambling and don’t use any more money than you would be comfortable taking to the casino.</p> <p>Original Source: <a href="http://kineticcu.frc.finresourcecenter.com/Savings_Calculator_99026.html?article_id=2185">http://kineticcu.frc.finresourcecenter.com/Savings_Calculator_99026.html?article_id=2185</a></p> 2016-11-29 13:06 +00:00 2016-11-29 07:06 -06:00 https://wwfcu.org/blog/?p=2033 https://wwfcu.org/blog/should-you-be-using-a-digital-wallet/ Banking Apps digital wallet Should You Be Using a Digital Wallet? If you bought a smartphone in the last year or two, you may have noticed that it touted digital wallet technology. If so, you probably wondered why you would switch from whatever system is working for you now. Digital wallets are catching on more slowly than expected, but you can expect to see and hear Mon, 28 Nov 2016 00:56:04 Z Dan DeRoeck <p>If you bought a smartphone in the last year or two, you may have noticed that it touted <a href="https://wwfcu.org/online-services/going-mobile/mobile-banking">digital wallet</a> technology. If so, you probably wondered why you would switch from whatever system is working for you now. Digital wallets are catching on more slowly than expected, but you can expect to see and hear more about them in the next few years. They claim to offer convenience and added security. But should you take the plunge?</p> <p><img class="alignleft size-medium wp-image-2037" src="https://wwfcu.org/blog/wp-content/uploads/2016/11/Digital-Wallet-300x211.jpeg" alt="Digital-Wallet" width="300" height="211" /></p> <p><strong>What Is a Digital Wallet?</strong></p> <p>Although the term “digital wallet” technically has a broad meaning, these days it almost always refers to the storage of payment credentials on your phone for use at brick-and-mortar stores, as well as for internet purchases. Near field communication technology, or NFC, allows you to simply hold your phone near a payment terminal, authenticate the purchase and be on your way.</p> <p>Digital wallets keep all your cards in one place. Some of them also keep your various loyalty, rewards and coupons in one place — and pull up the right ones just as you need them.</p> <p><strong>The Late Bloomer</strong></p> <p>Unlike smartphones and MP3 players, technologies that the public quickly embraced, digital wallets haven’t gained much traction yet. The key reason? A self-perpetuating cycle: point-of-sale (POS) terminals with the required NFC technology were expensive to upgrade to and in low demand from consumers, so only a few retailers actually accepted digital wallets. And because using digital wallets as a payment method wasn’t widely accepted, few consumers bothered to set it up, keeping demand for the technology low.</p> <p>Enter a possible game-changer. Credit card companies set October 2015 as a deadline for retailers to upgrade their POS terminals to models that include chip readers. Since that date, any retailer without chip-reader compliance will be held liable for fraudulent transactions. This has created a huge incentive for retailers to upgrade their terminals, and many are upgrading with models that include NFC technology. In another year or two, it could be pervasive.</p> <p><strong>Security Concerns</strong></p> <p>A consensus among tech and security bloggers is beginning to develop that digital wallets are safer than credit cards. If you lose your credit card or hand it to an unscrupulous clerk, your credit card number is as good as compromised. Digital wallets store your information behind multiple layers of security, including encryption, your fingerprint and a complex process called tokenization. Tokenization prevents your actual card number from being skimmed by a third party by utilizing dummy numbers. So, even if your phone is lost or stolen, it will be very difficult for anyone to access your personal information.</p> <p>There is one major security caveat. Some, but not all, financial institutions transfer individual responsibility of fraud to their customers if they choose to use a digital wallet.</p> <p>Should you make the switch? First, check with your credit union, bank or credit card company to see if you’ll still be protected from fraud if you use a digital wallet. If that’s the case, it may be worth a try. Unfortunately, NFC isn’t ubiquitous yet, so you’ll still have to carry cards for occasions when you visit retailers that haven’t upgraded yet. Nevertheless, you can take pride knowing you’re leading the technological tide!</p> <p>Original Source: <a href="http://palisades.frc.finresourcecenter.com/Consumer_Resources_148443.html?article_id=2191">http://palisades.frc.finresourcecenter.com/Consumer_Resources_148443.html?article_id=2191</a></p> 2016-11-28 00:56 +00:00 2016-11-27 18:56 -06:00 https://wwfcu.org/blog/?p=2017 https://wwfcu.org/blog/who-can-you-trust-with-your-assets-when-youre-gone/ Financial Guidance a will beneficiaries trust beneficiaries will estate tax your will Who Can You Trust With Your Assets When You’re Gone? A will isn’t the only way to transfer your assets upon your death. Trusts are a useful tool that can be used to achieve a maximum amount of control over how your assets will be distributed among your loved ones and other beneficiaries. Trusts may also reduce the amounts spent on probate court and estate Thu, 27 Oct 2016 14:58:53 Z WWFCU <p>A will isn’t the only way to transfer your assets upon your death. Trusts are a useful tool that can be used to achieve a maximum amount of control over how your assets will be distributed among your loved ones and other beneficiaries. Trusts may also reduce the amounts spent on probate court and estate taxes.</p> <p><strong>So, Just What Is a Trust?</strong></p> <p>A trust is a fiduciary agreement that allows a third party to hold assets on behalf of a beneficiary. That third party may be any adult who is competent and has no felony convictions. However, it’s a good idea to select someone who has an adequate knowledge of asset transfer and is impartial — like a lawyer, accountant or trustee service.</p> <p>A trust will either be revocable or irrevocable. A revocable trust allows you to maintain control of your assets while you’re still alive. You may make changes at any time to how the assets will be distributed upon your passing. While a revocable trust will often prevent assets from having to pass through probate, it’s still subject to estate taxes. Once you’re gone, it becomes an irrevocable trust, and no changes can be made.</p> <p>You may also set up an irrevocable trust while you’re alive. Doing so requires that you give up control over the assets within. Once it’s executed, the trust is no longer part of your estate and, therefore, in addition to avoiding probate, its assets will generally not be subject to estate tax (depending on the laws in your state).</p> <p>It’s worth noting that a trust does not replace a will. Trusts usually deal with specific distribution of specific assets, whereas a will governs your entire estate a bit more generally. Think of a trust and a will as two pieces of a whole.</p> <p><strong>How to Set Up a Trust</strong></p> <p>It’s possible to form a trust on your own with the help of some software with detailed instructions. Expect to do a lot of legwork getting documents notarized. However, there are many different kinds of trusts, and laws regarding the different kinds vary widely from state to state. So, for anything other than the simplest of trusts, it’s a good idea to enlist the help of an expert. Find a reliable estate attorney to help guide you through the establishment of a trust. It’s common to use the same attorney to set up both your will and trust.</p> <p><strong>When to Get a Trust</strong></p> <p>The rule of thumb for when to set up a trust in addition to a will is when your net worth totals more than $100,000. You can expect the costs of estate planning to be a few thousand dollars, but you’ll save (or, rather, your beneficiaries will save) a great deal by avoiding probate, and reducing the estate tax to a (legal) minimum. There will also be fees to administer the trust after you have passed away, but if you have significant assets, the fees will pale in comparison to the savings.</p> <p>Even if you don’t have a substantial net worth, a trust could still be useful if you have assets you want distributed in a specific way over time. For example, you may have $25,000 that you want distributed to a grandchild in $5,000 increments over the course of five years. Just be sure that the setup and administration fees don’t eat up the assets you’re trying to protect.</p> <p>A trust is a great tool to ensure that your valuable possessions end up where you want them. There is some cost involved in setting up and administering a trust, and it requires planning, but once set in motion, you can trust that you’ll rest easy.</p> 2016-10-27 14:58 +00:00 2016-10-27 09:58 -05:00 https://wwfcu.org/blog/?p=1980 https://wwfcu.org/blog/unique-mortgages-for-every-situation/ Home Loans Buying a new home Home Loan loan refinance Unique Mortgages for Every Situation Our partner, Mortgage Center, offers a variety of mortgage options that other lenders cannot. These Credit Union Exclusive Programs have been designed to bridge the gap in conventional loans, so that you can find the loan program that is best for you. Here are just a few of the exclusive programs available to you: Condominium Wed, 21 Sep 2016 20:49:19 Z WWFCU <p><img class="wp-image-1985 size-medium alignright" src="https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-300x196.jpg" width="300" height="196" srcset="https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-300x196.jpg 300w, https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-768x501.jpg 768w, https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-1024x668.jpg 1024w, https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-1200x783.jpg 1200w, https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-64x42.jpg 64w, https://wwfcu.org/blog/wp-content/uploads/2016/09/HomeLoan-123x80.jpg 123w" sizes="(max-width: 300px) 100vw, 300px" /><br /> Our partner, Mortgage Center, offers a variety of mortgage options that other lenders cannot. These Credit Union Exclusive Programs have been designed to bridge the gap in conventional loans, so that you can find the loan program that is best for you. Here are just a few of the exclusive programs available to you:</p> <ul> <li>Condominium Loans are the right choice for community living.</li> <li>The Right Choice Home Loan can be the right choice for you if you have less than perfect credit. Mortgage Center can work with you!</li> <li>Golden Jumbo is for properties that exceed conventional loan limits.</li> <li>A Hobby Farm Loan is for members interested in raising livestock or growing crops for fun.</li> <li>The One-Time Close Construction Loan allows you to build a customized home and make interest-only payments during construction. Once your home is completed, the loan will automatically convert to a conventional mortgage.</li> <li>Maximum Cash-Out Refinance – take advantage of the equity you’ve built today!</li> <li>Smart Choice Refinance – offers the ability to consolidate your 1<sup>st</sup> and 2<sup>nd</sup></li> <li>PMI Saver – avoid the extra expense of Private Mortgage Insurance (PMI).</li> <li>Doctor Loan – offers medical doctors, who have a minimum of 6 months medical residency remaining, to exclude deferred student loans from their Debt to Income (DTI).</li> </ul> <p><a href="https://wwfcu.org/products-services/loans/home-loans"><em><strong>Read More</strong></em></a></p> <p>Mortgage Center also offers members traditional loans including fixed-rates, adjustable rates (ARM), FHA financing, and much more. Call 888-562-6865 to speak with a Mortgage Center loan expert to start your no-cost prequalification today.</p> <p><em><strong><a class="banner_button" href="https://www.mortgagecenter.com/apply-online"target="_blank">APPLY ONLINE TODAY</a></em></p> <p>Mortgage Center NMLS# 282701</p> <p><a href="https://www.mortgagecenter.com/" target="_blank"><img class="alignleft wp-image-1981" src="https://wwfcu.org/blog/wp-content/uploads/2016/09/Logo_HomePage.png" alt="logo_homepage" width="150" height="111" srcset="https://wwfcu.org/blog/wp-content/uploads/2016/09/Logo_HomePage.png 325w, https://wwfcu.org/blog/wp-content/uploads/2016/09/Logo_HomePage-300x222.png 300w, https://wwfcu.org/blog/wp-content/uploads/2016/09/Logo_HomePage-57x42.png 57w, https://wwfcu.org/blog/wp-content/uploads/2016/09/Logo_HomePage-108x80.png 108w" sizes="(max-width: 150px) 100vw, 150px" /></a></p> <p><img class="alignleft wp-image-1982" src="https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity.jpg" alt="equal_housing_opportunity" width="50" height="50" srcset="https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity.jpg 425w, https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity-150x150.jpg 150w, https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity-300x300.jpg 300w, https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity-250x250.jpg 250w, https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity-42x42.jpg 42w, https://wwfcu.org/blog/wp-content/uploads/2016/09/equal_housing_opportunity-80x80.jpg 80w" sizes="(max-width: 50px) 100vw, 50px" /></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> 2016-09-21 20:49 +00:00 2016-09-21 15:49 -05:00 https://wwfcu.org/blog/?p=1991 https://wwfcu.org/blog/how-to-choose-the-right-budgeting-and-accounting-solution/ Money Management Accounting Solution Budgeting solution manage accounts How to Choose the Right Budgeting and Accounting Solution Keeping your personal budget and accounting organized is necessary to ensure any kind of financial security. Managing such accounts and budgets down to the individual transaction is, at best, a tedious task if handled the traditional pen-and-paper way. Fortunately, help is available. The option you choose will depend on whether you’re an excel monkey — Tue, 20 Sep 2016 15:53:37 Z WWFCU <p>Keeping your personal budget and accounting organized is necessary to ensure any kind of financial security. Managing such accounts and budgets down to the individual transaction is, at best, a tedious task if handled the traditional pen-and-paper way. Fortunately, help is available. The option you choose will depend on whether you’re an excel monkey — comfortable with math, formulas and spreadsheets — or a people person who prefers to work with an expert.</p> <p><a href="https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692.jpeg"><img class="alignnone size-medium wp-image-1993" src="https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-300x199.jpeg" alt="Budgeting-and-Accounting" width="300" height="199" srcset="https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-300x199.jpeg 300w, https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-768x510.jpeg 768w, https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-1024x680.jpeg 1024w, https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-1200x797.jpeg 1200w, https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-63x42.jpeg 63w, https://wwfcu.org/blog/wp-content/uploads/2016/09/AdobeStock_38948692-120x80.jpeg 120w" sizes="(max-width: 300px) 100vw, 300px" /></a></p> <p><u><strong>Your Electronic Friend: Specialty Software</strong></u></p> <p>There are a myriad of purpose-made “plug-n-play” applications for personal bookkeeping and budgeting. These products can automate alerts for bills due and account balances, as well as provide a real-time view of all your linked accounts. Some applications organize your expenses into categories, while others merely keep a running list of transactions.</p> <p>You’ll have to trust the service with your financial and personal information, understanding that these products are often web-based. But, as long as you use a reputable, time-proven product, you can feel reasonably assured that your information will be safe. If you’re still unsure, check the service’s security policy.</p> <p><u><strong>For the People Person: Financial Planners</strong></u></p> <p>If you’re not financially savvy, a financial planner could help you work out behaviors, plans and a lifestyle to get yourself on track. These professionals are especially helpful when you have medium- or long-term financial goals and don’t have any idea how to meet them. Think of a personal trainer at the gym who guides your workouts and nutrition. Instead of counting your calories, a financial planner will help you count your greenbacks.</p> <p>There are many different types of financial planners, so make sure you know your goals going in. To make sure the one you’re seeing can help you, ask them to describe their typical customer — before you tell them your goals. This will help you discern the planner’s expertise and if the planner is well versed in what you need. There’s a difference between someone who specializes in helping people budget for their first home and someone who specializes in wealth management.</p> <p>Beware though: Sometimes planners will try to sell you financial products. Ensure that your planner is “fee-only,” which means they only get paid based on the advice they give you, and don’t receive any kickbacks. Make sure that whoever you hire has a fiduciary duty to you. A fiduciary will be legally obligated to give you only the best advice.</p> <p><u><strong>For the Computer Savvy: DIY with Spreadsheets</strong></u></p> <p>If you’re into building your own analytics, this option is for you. The possibilities here are endless. You can connect expenses, incomes, habits and goals to analyze and plan with specificity. This is beyond the capability of most purpose-built software. Fair warning: it will require a bit of math and a free weekend to set up. However, even if you’ve never used a spreadsheet before, you can get the hang of it after just a few tutorials.</p> <p>For example, if you’re somewhat obsessive about your health and your diet, you could record the foods and beverages you consume, then sort out how much of each macronutrient you’re getting from each item. You’ll then be able to analyze the cost-efficiency of those calories, and whether you can consume different combinations of food for a less expensive, more well-rounded diet.</p> <p>While spreadsheet tools are comprehensive enough that you could practically recreate some of the purpose-built software, you should avoid the temptation. Even the most die-hard Dyer would do well to reserve spreadsheets for situations that require a specific need. Building an entire solution will probably be unwieldy (in comparison to purpose-made software) and very time consuming.</p> <p><u><strong>Mix and Match for Best Results</strong></u></p> <p>There is no perfect all-in-one solution. For most people, a combination of two or more of the above options will be ideal.</p> 2016-09-20 15:53 +00:00 2016-09-20 10:53 -05:00 https://wwfcu.org/blog/?p=1968 https://wwfcu.org/blog/useful-tips-for-buying-a-used-car/ Car Fax Car Loans Cars Tips auto loan best used car loan buy a used car Useful Tips for Buying a Used Car If you’re considering replacing your vehicle, have you considered purchasing a used one? The perception of used cars can be somewhat negative. That’s why the market-friendly term “pre-owned” is now more widely used (forgive the pun). However, shopping for a used car can be tricky because every car has a unique, and often hidden, history. Fri, 16 Sep 2016 11:53:52 Z WWFCU <article class="inside breaker">If you’re considering replacing your vehicle, have you considered purchasing a used one? The perception of used cars can be somewhat negative. That’s why the market-friendly term “pre-owned” is now more widely used (forgive the pun). However, shopping for a used car can be tricky because every car has a unique, and often hidden, history. The following advice should help you navigate safely through a minefield of lemons.</article> <article class="inside breaker"></article> <article class="inside breaker"></article> <article class="inside breaker"> <p><strong>Look for a Car That Fits</strong></article> <article class="inside breaker"> <p>Make a list of the features and qualities that you need from the car. For example, do you drive long miles and require good fuel efficiency? Then, make another list of what you’d like. It’s okay to go after a few bells and whistles or sleek styling, but only after you’ve determined the vehicle will be able to meet your driving demands. These lists will help you pick a few models to investigate. Lastly, do a quick online search to see if any of your chosen models have had major recalls.<strong>History Repeats Itself</strong></p> <p>If the car you’re looking at has had problems in the past, it will probably have similar problems in the future. Ask the owner or dealer for the car’s VIN number so you can check its history. There are a number of companies that keep records of incident reports, like AutoCheck and CARFAX., Sometimes report details vary by company, so be sure that you don’t miss anything, it’s a good idea to check the VIN with more than one company.Needless to say, if the seller won’t provide a VIN, you shouldn’t spend any more time looking at the car. No matter how sweet the car appears on the outside, you don’t want to gamble on what’s under the hood.</p> <p><strong>Do Your Own Due Diligence</strong></p> <p>Have the vehicle checked out. It’s possible that there has been a recent problem or issue that hasn’t been reported yet. Ideally, you would bring it to a mechanic you trust. If this isn’t a possibility, then bring a knowledgeable friend or a vehicle inspection checklist (easily found online) to over the car.</p> <p><strong>Finding Fair Prices</strong></p> <p>Compare the listings from the National Automobile Dealer’s Association, Edmunds, and Kelley Blue Book to get an idea of what you should be paying. Actual prices will probably vary, but you’ll have a starting point for negotiation.</p> <p>If you have a smartphone, check to see if there are any used car pricing apps available. These apps collect information about what other users have recently paid for the same or similar model cars. The results can be hit-or-miss if there’s not much data available, but if there is, then you’ll be in a stronger negotiating position. You might even find some better deals.</p> <p><strong>Try Before You Buy</strong></p> <p>If everything else seems to check out, take the car for a test drive or two. You want to see how it fares in as many common traffic situations as possible. Take it up to speed on the highway to check for brake alignment or wheel defects. Drive in a city during rush hour to put the transmission through its paces. A slow drive through a neighborhood will let you experience the car’s handling.</p> <p><strong>A Word About Warranties</strong></p> <p>Many of the cars that you look at will have certification or a warranty. Don’t rely solely on these read the fine print  to see what’s actually covered. And remember: even if you trust the seller or dealer, don’t skimp on your own inspection.</p> </article> 2016-09-16 11:53 +00:00 2016-09-16 06:53 -05:00 https://wwfcu.org/blog/?p=1906 https://wwfcu.org/blog/ways-businesses-can-save-on-credit-card-processing-fees/ Credit Cards Tips credit card fraud Ways Businesses Can Save on Credit Card Processing Fees Small Business could miss out in sales in case they decide not to accept payment using credit cards. In 2014, 35% of consumers preferred credit cards over any other type of payment. Some small business build the cost of accepting credit card in the final price of goods. Instead, there are ways businesses can save Fri, 26 Aug 2016 15:48:16 Z WWFCU <p>Small Business could miss out in sales in case they decide not to accept payment using credit cards. In 2014, 35% of consumers preferred credit cards over any other type of payment.</p> <p>Some small business build the cost of accepting credit card in the final price of goods. Instead, there are ways businesses can save on credit card processing fees.</p> <p>In order to minimize the impact of those costs, the business can implement a minimum for consumers to use credit cards. Post your new rule prominently by the cash register and inform your employees of the change.</p> <p>Credit card processing companies have to compete to attract and keep clients just like any other business. Some offer a lower rate to lure in new customers, it is worth to look for the best deal for you business.</p> <p>Ask other businesses in your area what they are using, or search in the Better Business Bureau (BBB) about credit card processing services.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>KEY TAKEAWAYS:</p> <ul> <li>Credit card processing fees can vary depending on the company you choose &#8211; it pays to shop around to find the best deal.</li> <li>Small fees can make a huge difference to your bottom line over the long haul.</li> <li>Before you sign up to use anyone’s service, make sure you understand their fee structure and how it works.</li> </ul> <p>&#8220;When faced with a purchase minimum to use credit, consumers can either turn to cash or spend more – both options that benefit your business. If customers opt for cash, you’ll avoid credit card processing fees altogether. But if they spend a bit more so they can use credit, the extra revenue can help offset credit card processing fees.&#8221;</p> <p>Original Source:</p> <p>http://www.thesimpledollar.com/how-small-businesses-can-save-on-credit-card-processing-fees/</p> 2016-08-26 15:48 +00:00 2016-08-26 10:48 -05:00 https://wwfcu.org/blog/?p=1890 https://wwfcu.org/blog/get-extra-value-earning-a-college-degree/ Loans college degree loan college lectures student loans Get Extra Value – Earning a College Degree Many people view the goal of a college education as getting a degree with some effort. Treating college with that perspective misses out on additional value that college can provide. Students should look for any opportunity to build things related to your area of study that can earn income now and incorporate those things into your studies Fri, 19 Aug 2016 18:11:30 Z WWFCU <p>Many people view the goal of a college education as getting a degree with some effort. Treating college with that perspective misses out on additional value that college can provide.</p> <p>Students should look for any opportunity to build things related to your area of study that can earn income now and incorporate those things into your studies and coursework whenever you can.</p> <p>Focus on your studies, your experiences, and your useful long-term relationships. Many students might be unsure as to what they should be doing and a great ideia is to look in job listings. Job listings can be an incredibly powerful tool for helping you to plot your next move while in school.</p> <p>Looking at listings for jobs that you’d like to have and do what you can to fill in those blanks during your studies can be very useful.</p> <p>KEY TAKEAWAYS</p> <ul> <li>The college experience offers the opportunity to build lifelong relationships that can continually benefit you personally and professionally.</li> <li>If you have a key question that’s causing you to lose track of the direction that the entire lecture is going, don’t be afraid to ask it.</li> <li>Talk to your academic department about on-campus work opportunities.</li> </ul> <p>&#8220;Winter break, summer break, spring break, all the breaks – fill them with some sort of opportunity to develop your professional skills. Even if it’s just a few weeks, many organizations offer some sort of internship program during that time. Internships related to your desired career are golden.&#8221;</p> <p>Original Source: http://www.thesimpledollar.com/how-to-get-a-ton-of-extra-value-out-of-earning-a-college-degree/</p> 2016-08-19 18:11 +00:00 2016-08-19 13:11 -05:00 https://wwfcu.org/blog/?p=1886 https://wwfcu.org/blog/seller-disclosure-report-can-be-red-flag/ Business financial guidance home banking Wayne Seller Disclosure Report Can Be Red Flag Buying a home can be compared to falling in love. First start dating and you overlook some critical flaws. Some that flaws that could slowly crack away at your relationship in the future, causing heartbreak and be quite costly. Pay a lot of attention to all details of the Seller Disclosure Report, be careful not to overlook some major red flags during the process, Wed, 17 Aug 2016 02:35:30 Z WWFCU <p>Buying a home can be compared to falling in love. First start dating and you overlook some critical flaws. Some that flaws that could slowly crack away at your relationship in the future, causing heartbreak and be quite costly.</p> <p>Pay a lot of attention to all details of the Seller Disclosure Report, be careful not to overlook some major red flags during the process, including some that are spelled out for you.</p> <p><strong>KEY TAKEAWAYS:</strong></p> <ul> <li>If the problems are structural in nature or unable to be fixed, it may be best to walk away</li> <li>Sometimes you’re simply too enamored of your soon-to-be abode</li> <li>By law, sellers must disclose all they know about the property</li> </ul> <p>&#8220;It’s not a hard and fast rule that you should dig deeper into what a seller or inspector means when they say “small roof leak” or “a few roof tiles missing&#8221;.</p> <p>Original Source: <a href="http://www.forbes.com/sites/trulia/2016/08/16/could-you-spot-these-8-red-flags-on-a-seller-disclosure-report/">http://www.forbes.com/sites/trulia/2016/08/16/could-you-spot-these-8-red-flags-on-a-seller-disclosure-report/</a></p> 2016-08-17 02:35 +00:00 2016-08-16 21:35 -05:00 https://wwfcu.org/blog/?p=1880 https://wwfcu.org/blog/choosing-a-retirement-account/ Retirement Individual Retirement Account planning retirement retirement savings Choosing a Retirement Account We all know we need to save for retirement, no matter how many years away from retirement we are. But understanding the choices and choosing the right account can seem daunting. What is available and what is best for you? Matching received contributions from your employer, increasing your retirement savings, there are several ways to categorize the universe Mon, 15 Aug 2016 13:23:20 Z WWFCU <p>We all know we need to save for retirement, no matter how many years away from retirement we are. But understanding the choices and choosing the right account can seem daunting.</p> <p>What is available and what is best for you?</p> <p>Matching received contributions from your employer, increasing your retirement savings, there are several ways to categorize the universe of retirement account options.</p> <p>Contributions may be deductible when you fund the account or distributions may be tax-free in retirement. Your account can be characterized by defined contribution or defined benefit.</p> <p><a href="http://www.thesimpledollar.com/401k-vs-ira-vs-roth-ira-how-to-choose-the-right-retirement-account/?utm_source=feedly&amp;utm_medium=webfeeds">Continue Reading&#8230;</a></p> <ul> <li>taking advantage of the right tax breaks, use the right accounts and other tricks</li> <li>order of operations you can follow as you make this decision for yourself</li> <li>step-by-step guide you can use to choose the right retirement account for your specific situation</li> </ul> <p>&#8220;You want your retirement savings working as hard for you as possible. The harder your money works, the quicker you’ll get to retirement, and the less you’ll actually have to save to get there.&#8221;</p> 2016-08-15 13:23 +00:00 2016-08-15 08:23 -05:00