Financial Well-being


Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

 

Do You Know Where Your Financial and Important Papers Are?

Do you know where your financial and important documents are? If you had to leave your home quickly, could you easily find them? If something happened to you, could someone else find all of your important papers? If you answered yes to all of these questions, congratulations, you are well organized. For the rest of us, this report profiles how to put your important records in order.

Which documents are important?

Documents that prove identity, ownership, insurance coverage, and other various legal documents are important and should be kept in a protected but accessible location. These documents include, but aren't limited to, the following:

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Options for Managing Your Student Loans

Another FoolProof report looks at ways to finance higher education and focuses on student loans. According to FinAid.org, the average student loan debt for a new graduate is over $25,000. Whether you're just starting to repay your loans, you've been paying off your student loans for a while, or you're a parent paying off student loans, this report looks at the options you have for managing repayment of your loans.

Your repayment options can vary depending upon the types of the loans—federal or private—you have, the amount you owe, and your financial situation. Consolidation of your loans isn't your only option.

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E-Statements and Managing Your Financial Accounts Online Can Offer Big Benefits

onlinebankingDirections Credit Union members are very savvy about online banking. Many Directions Credit Union members take advantage of Directions Credit Union online banking service to manage many aspects of their credit union accounts online. That's terrific.

As you read more of our reports, you'll find that we're big fans of managing your personal financial business online. Having online access to all your financial accounts (beyond your checking account) can offer increased convenience, efficiency, and, above all, security. Using e-statements, instead of paper statements, can also offer benefits. Of course, as the "end-use" consumer, you must follow good security practices, just like Directions Credit Union and other reputable financial institutions do. This report profiles some of the potential benefits of managing most of your financial business online, including using e-statements, and provides tips for doing it safely.

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Financing Higher Education—Checking Out Education Loans

The cost of post-secondary education—college, university, community college or career or trade schools—continues to rise. But pursuing higher education can be worth the investment. The College Board's "Education Pays 2013" report found that the median earnings of persons with bachelor's degrees who were working full-time year-round in 2011 were $56,500 which was $21,100 more than the median earnings of high school graduates.

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Binding Mandatory Arbitration: A Fact Sheet

contractWhat is arbitration?

Arbitration is an alternative method of resolving disputes in which two parties present their individual sides of a complaint to an arbitrator or panel of arbitrators. The arbitrator, who is supposed to be neutral, then weighs the facts and arguments of both parties and decides the dispute. Arbitration may be voluntary or mandatory.

What is voluntary arbitration?

In voluntary arbitration, both sides in the dispute voluntarily agree to submit their disagreement to arbitration after it arises and after they have an opportunity to investigate their best options for resolving their claim.

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