All posts by Achieva Credit Union

Essential Sinking Fund Categories to Use in Your Budget

Essential Sinking Fund Categories to Use in Your Budget

By | Articles, Finance | No Comments
Everyday life requires its own set of quintessential purchases. There are things that every budget should account for, like food, water, and shelter. Additionally, there must be a plan for occasional spending on higher-priced items, such as cars, washing machines, and other primary goods. While sinking fund categories vary from household to household, the steps to obtain the resources are mainly the same.  Why Do I Need a Sinking Fund? A sinking fund is necessary because it keeps people out of financial hardship. Instead of being caught off guard, the household creates a plan to save for larger purchases. For...
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4 Smart Ways to Earn Incentives with Your Friends

4 Smart Ways to Earn Incentives With Achieva

By | Articles, Finance | No Comments
Achieva Credit Union members have a brand new opportunity to earn incentives with Achieva for both themselves and their friends. Those with a current account can share the joys of GOOD banking via Achieva's Refer-a-Friend program. Powered by ReferLive, there are four simple ways to receive real cash. Refer your friends, and you’ll both earn $50* When your friend signs up as a member using your referral, you will both earn incentives. There are no limits to the amounts of friends you can invite, so the more, the merrier. The referrer and the invitee will both receive $50 if the invitee opens...
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Money Journal Prompts to Last the Rest of the Year

7 Money Journal Prompts to Improve Finances

By | Articles, Business, Finance | No Comments
People thrive where they place their passion. If it's on the mind, dedication towards the subject will create awareness, thus improving the odds of being successful. Could writing money journal prompts increase the relationship between a person and their wallet? Experts around the globe say, "Yes." Commit to wealth tracking for just 90 days Rachel Cruze, the author of multiple bestselling financial books, states that people should "Consider what [they] can do as an individual to move beyond complacency." Actively creating money journal prompts may be the big push that someone needs to work towards getting ahead. It starts by having...
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Bad Debt Tops Over $100 Billion in Expected Defaults

Easy Ways To Avoid Bad Debt

By | Articles, Business, Finance | No Comments
As businesses make their quarterly earnings announcements, the nation's five largest lenders expect a loss. Wells Fargo, Bank of America, Citigroup, JPMorgan Chase, and U.S. Bancorp claim that defaults due to the Coronavirus will cause a significant amount of debt. Collectively, the amounts of projected damages top over $100 billion. How can you avoid bad debt when these companies couldn't? How companies are handling debt worldwide A shift in retail sales caused many suppliers abnormality regarding their inventory and cash flow. Major companies, such as Nike, reported to the U.S. Securities and Exchange Commission that they have millions of dollars in bad...
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Understand Credit Card Interest and Get Better Terms

Understand Credit Card Interest and Get Better Terms

By | Articles, Finance | No Comments
We talk a lot about budgets. We promote wise spending, as well as making fruitful investments. When it all boils down, a lot of our financial maneuvers depend on our creditworthiness. Is there a way to master a revolving balance? Can we better understand credit card interest to obtain more beneficial terms? The answer is YES. The more you know about credit scores, balance transfers, and APRs, the more you can use them to your advantage. In a timeframe as short as six months, smart consumers can reduce their credit card interest significantly. What do they know that others don't?...
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Financing a Zero Energy Home Remodel

Financing an Energy Efficient Home Remodel

By | Articles, Going Green, Technology | No Comments
In a few months, our newest branch in Trinity will open as Achieva Credit Union's first net-zero branch. It could be the first of many and undoubtedly comes after many hours of careful planning. The news makes a lot of our members wonder about their own ways to go green. Would a zero energy home remodel make sense? Is it affordable?  In this article, we explore the details in-depth. We'll discuss ways to finance a zero energy home remodel and the long-term benefits related to the earth-friendly investment. Why build a net-zero branch? First, let's uncover the science behind it....
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Buyer Beware: The Loopholes of Online Purchase Protection

Buyer Beware: The Loopholes of Online Purchase Protection

By | Articles, Finance, Technology | No Comments
Consumerism through the internet is on an uptick. Now, before we get started, keep in mind that the majority of eCommerce transactions are safe. However, there are times when misled buyers must register in an online purchase protection policy. We've analyzed popular web-based platforms for loopholes. Below is everything you need to know before clicking submit.  Facebook purchasing policies and safeguards According to Facebook, their online purchase protection policy states that the buyer should make sure that the purchase is eligible before proceeding. Purchases deemed ineligible won't be able to fall under the safeguards of Facebook's shield. So, what does...
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Do Preppers Stockpile Cash Around Their Home?

Where To Store An Emergency Cash Fund

By | Articles, Finance | No Comments
There are hundreds of tips on how to be a survivalist; however, what is a prepper's stance on money? Do they stockpile money around their home or have a secret emergency cash fund? To answer the question, let's look at the reasons for prepping and what the procedure can teach us about finances. Prepping basics 101 Preppers actively prepare for emergencies and shortages. They stock their homes with enough reserves to survive on their own. Since the act depends on access to accumulated resources, it's easy to understand why some question a prepper's need to have an emergency cash fund...
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How to Help Your High School Graduate Manage Money

How to Help Your High School Graduate Manage Money

By | Articles, College Life, Finance | No Comments
The act of budgeting seems for the well-established; however, on the contrary, proper wealth development starts before adulthood. Regardless of where your household is the financial timeline, there are ways to help your high school graduate manage money. If your student recently received their diploma, be sure to review our fiscal planning tips below. Financial advice for high school students Preparing for a stable financial future includes creating a solid savings plan. To help your high school graduate manage money, instill the importance of setting aside between 5-10% of their earnings. The practice will give them a benchmark for later accomplishments. ...
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Simple Ways to Build Home Equity for Under $1000

Simple Ways to Build Home Equity for Under $1000

By | Articles, Finance | No Comments
The key to developing wealth is through wise investments. Savvy homeowners show financial stability by making timely payments on their mortgage; however, it doesn't end there. In addition to increasing their property value, they also know how to build home equity. All of these factors are important when leveraging a HELOC, or accumulating assets.  When you build home equity, you secure a resource for the future, all of which you can borrow cash against later. If you're a homeowner, ready to make the next move, make sure to view our tips below. You'll see three ways that $1000 can boost...
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Achieva Life blogs and articles are intended to provide general information, thoughts, and articles in regards to the topics covered therein. Achieva Life is provided with the intent and understanding that Achieva Credit Union is not engaged in the act of rendering financial, consulting, medical, technological, legal, accounting or any other professional advice. The information provided within Achieva Life is not intended nor should be used as a substitute for medical, legal, or other professional advice or other expert opinions. Achieva Credit Union is not responsible for the accuracy of the information on Achieva Life and makes no representation regarding the accuracy of the content. Achieva Credit Union reserves the right to delete or block any comments. The content and comments on Achieva Life do not necessarily reflect the views of Achieva Credit Union.