Legal Documents

When it comes to managing your finances and protecting yourself and your assets, having the right legal documents in place can help ensure that your wishes are carried out, your loved ones are taken care of, and your financial affairs are managed properly.

Will: A will outlines how you want your assets to be distributed after your death. Without a will, your assets will be distributed according to state laws, which may not align with your wishes. Creating a will allows you to designate beneficiaries, appoint an executor to oversee the distribution of your assets, and specify any special instructions or requests. You can also document your funeral and burial wishes.

Power of Attorney: A power of attorney gives someone else the authority to make financial or legal decisions on your behalf. There are different types of powers of attorney, including general, limited, and durable. A durable power of attorney remains in effect even if you become incapacitated, making it an important document to have in place in case you are unable to manage your own affairs.

Prepare Early

The holiday season is a time of joy, celebration, and giving. However, it can also be a time of stress and financial strain. From buying gifts for loved ones to hosting festive gatherings, the expenses can quickly add up. That's why it's smart to start saving for the holiday season as early as possible! Here are some tips:

Set a budget. Make a list of your anticipated holiday expenses, including gifts, travel costs, decorations, and hosting expenses. Once your budget is set, determine how much you need to save each month to meet your holiday spending goals.

Start saving. Begin putting money away each month to ensure you have enough funds when it comes time to start shopping. Consider opening a Holiday Savings Account at your credit union to help you stay organized and committed to your saving goals.

Take advantage of sales and discounts. Keep an eye out for deals on items you know you'll need for the holidays. This will save you money in the long run. plus spreading out your shopping over a longer period of time can help you stay within your budget.

For Your Teen

Buying a vehicle for your teenager can be an exciting yet daunting task. You want to make sure your teen is safe on the road, but you also want to find a vehicle that is reliable and fits within your budget.

Set a budget: Before you start shopping, sit down and determine how much you can realistically afford to spend. Consider not only the cost of the vehicle itself, but also ongoing expenses such as insurance, maintenance, and fuel.

Research different makes and models: There are a wide variety of vehicles on the market. Research different makes and models to find one that is safe, reliable, and affordable. Look for vehicles with good crash test ratings and lower insurance costs.

Look at buying a used vehicle: Buying a used vehicle can be a more cost-effective option than buying new. Look for a well-maintained used vehicle with low mileage to ensure that it will be reliable for your teen. Before purchasing a used vehicle, have it inspected by a qualified mechanic. They can identify any potential problems or safety issues that may not be immediately apparent to you.