Despite receiving more than $80,000 in merit-based scholarships, Brianna Harrington still graduated from college in 2014 with $40,000 in student loan debt. Determined to eliminate her debt, she lived below her means, and paid it off in 26 months. Her story may inspire your own debt-free journey.
Read More about How I Ditched Debt: Engineer Goes Old-School With Pen and Paper
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How I Ditched Debt: Engineer Goes Old-School With Pen and Paper
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How I Ditched Debt: A Wish List Kept Her Going
What do you do when you have a master’s degree in performance studies, and you can’t find a job — but badly need one because you have tens of thousands in student loan debt? Melanie Lockert's story of paying off $57,426 of debt in about 3 years!Read More about How I Ditched Debt: A Wish List Kept Her Going -
Predict Those ‘Surprise’ Bills — No Crystal Ball Needed
It doesn’t take much to upend many Americans’ finances. Some bills may be unpredictable in their amount or their timing, but they’re still inevitable. In other words: If you have a car, or a home, or a body, sooner or later it’s going to cost you.Read More about Predict Those ‘Surprise’ Bills — No Crystal Ball Needed -
How Debt Consolidation Can Go Wrong
Daniel Montville knew a debt consolidation loan wouldn’t solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again.Read More about How Debt Consolidation Can Go Wrong -
The DIY Guide to Fixing Your Bad Credit
Knowing where you stand is important. Your score can range from 300 to 850; a score of 740 or above is an excellent score. If you find yourself in a bad credit situation – don’t get flustered – you can fix your score.Read More about The DIY Guide to Fixing Your Bad Credit -
How I Ditched Debt: His and Her Money
Talaat and Tai McNeely paid off $30,000 in debt during the first year of their marriage. This husband-and-wife team managed to repay the debt fast and now share financial advice. Here’s their story, related to us in an email exchange.Read More about How I Ditched Debt: His and Her Money -
5 Reasons Why You’ll Always Be Broke
A common problem among American adults is that they do not know how to manage their money. Even when making incomes above their means, they still seem to find themselves living paycheck-to-paycheck. Are you in a similar situation? It raises the question: why are you always so broke?Read More about 5 Reasons Why You’ll Always Be Broke -
9 Tips for Paying Off Your Credit Card Debt
Buried in credit card debt? You're not alone. According to NerdWallet, in 2015 the average U.S. household with debt had $15,762 in credit card debt at an average 18% interest rate. Annual interest alone was $2,630, or more than $50 a week.Read More about 9 Tips for Paying Off Your Credit Card Debt -
Saving for Retirement While Paying Down Debt
When faced with two big financial priorities, such as paying off old debt and saving for retirement, many times people don't feel like they can do both. So here are a some steps to help you save while reducing what you owe.Read More about Saving for Retirement While Paying Down Debt -
Gain Peace of Mind by Consolidating Debt With a Personal Loan
Feeling overwhelmed by your debt? Consider a personal loan to consolidate what you owe. The best personal loans can help lower your monthly payments and put your mind at ease with a clear path to repayment in full.Read More about Gain Peace of Mind by Consolidating Debt With a Personal Loan -
4 Money Rules to Live By
Your priorities and the lifestyle you have in your 20s will be much different then what they will be in your 40s. Your money habits will change throughout the years too. Regardless of where you’re at in life, these money rules are what everyone should live by.Read More about 4 Money Rules to Live By -
How to Manage Your Finances After Graduating College
That degree you earned might open the door to a higher salary — and carry a student loan burden — so it's important to know how to balance it all as you set the stage for the rest of your life.Read More about How to Manage Your Finances After Graduating College -
Best Ways to Use a Tax Refund
Over the past few years, the average federal tax refund has come to about $3,000. That's not exactly chump change. With the filing deadline approaching, it's not too early to begin thinking about how you'll use a refund this year. Here are five pointers to keep in mind.Read More about Best Ways to Use a Tax Refund -
When to Refinance a Mortgage
Contrary to what you may think, signing up for a mortgage loan doesn't mean you're trapped in that rate or term. If rates change or events arise that prevent you from paying as you had planned, refinancing might be an effective way to change your monthly payments.Read More about When to Refinance a Mortgage -
Emergency Funds: Your Safeguard Against the Unexpected
Life is full of unexpected surprises. Some are good; others are expensive. A busted water heater can cost as much as $2,000 to replace, for example. A trip to the emergency room may run you $1,000 or more in out-of-pocket expenses. And if you lose your job it could take months to find another, leaving you scrambling to cover rent or mortgage payments, utilities and other bills.Read More about Emergency Funds: Your Safeguard Against the Unexpected
Our Members, Their Stories
I love the people that work with me at Mutual 1st Federal. They are extremely friendly & helpful. They seem to be happy to see me & appreciate me. They were very caring & went out of their way when my brothers & I were dealing with my parent's estate, after the death of our Dad. Thank you for being such nice people to work with.