Am I Saving Too Much Money in My Savings Account?

We’ve all heard the statistics about people not having enough savings to cover unexpected emergencies that may occur. But, we don’t hear as much about people who are in the opposite position — too much money in their savings account. While it’s not exactly a bad problem, saving too much money in a savings account … Continue Reading

Financial Emergencies: Expect and Plan for the Unexpected

You pay your bills on time, you’re investing in a retirement account, and maybe even started a college savings fund for your children. You’re financially responsible. But how would you be able to handle a financial emergency? Perhaps you’re one of the 23% of Americans who have no savings to deal with financial emergencies, or … Continue Reading

Tax Season! Do You Have Your Tax Preparation Forms Ready?

Tax season is upon us! Each year brings a new set of circumstances to navigate — student loan payments, a new home, or a growing family. Because of this, an important part of the tax return process is knowing exactly which tax preparation forms you’ll receive each year.   Employers, financial institutions, lenders, and investment … Continue Reading

Good Debt vs Bad Debt: Can Debt Be Good for You?

Whether it’s student loans, your mortgage, a credit card balance, or car loan, you’ll find yourself with debt at some point. As you work to keep your debt in check and pay off your loans, it’s important to understand the concept of good debt vs. bad debt. Knowing the difference between the two will help … Continue Reading

Home Buyer Trends for 2019 You Need to Know

Is a new home on the horizon for you this year? Before you start your home buying journey, it’s important to know some of the 2019 home buyer trends that may affect your purchase. In addition to national real estate trends for 2019, we’ve also included information on Pennsylvania housing market predictions, and more specifically … Continue Reading

Old-Fashioned Financial Advice to Ditch in the New Year

Whether it comes from your parents (who worry about you!), other well-meaning relatives, or clueless friends, outdated and old-fashioned financial advice is all around you…advice such as “Keep all your money in savings!” “You must have a 20% down payment to buy a house!” “Max out your 401(k)!” To stop the spread of bad money … Continue Reading

Be Smarter with Your Money this Holiday Season

It’s here! Holiday shopping season. So, during this time of year, it’s important to be smarter with your money including holiday shopping on a budget or protecting your finances during a busy spending season. We have great advice to help you make smarter financial decisions during the holidays.   Holiday Shopping on a Budget: Less … Continue Reading

Department Store Credit Cards: Why to Say “No Thanks!”

Holiday shopping is right around the corner. As you approach each checkout counter, you’ll be faced with this question again and again, “Would you like to save an additional 15% when you apply for a credit card?” Saving is always a great thing. However, is applying for department store credit cards the best way to … Continue Reading

3 Pieces of Easy Financial Advice for Expectant Parents

Raising kids is not an inexpensive endeavor. You start with diapers and car seats, move into childcare and braces, and finally tackle extracurricular activities and cell phones. The U.S. Department of Agriculture estimates that it will cost a middle-income family $233,610 to raise a child (and no, this doesn’t include the cost a college education). … Continue Reading

7 Money Apps for Reaching Your Financial Goals

  Technology has ingrained itself into our lives because of the way it makes day-to-day activities exponentially easier. Smartphone apps allow you to lock your doors when you’ve already left home, keep track of your appointments while on the run, or have groceries delivered right to your front door. Smartphones have also made it possible … Continue Reading

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The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.