The World Of Financial Education

Whatever your age or level of education there is so much to learn and understand about your personal finances and how to manage your money.

In today's economy we all have to be more careful about what we buy and how we budget our limited incomes. If you have not had a decrease in wages, you probably have had little or no increases. And the cost of living keeps going up. What to do?

You say again, what to do? Check out these links and educational tools to help you cope with today's challenging economic times.

There are many things we want to know about housing. How to buy a home? How to get a mortgage? What are different kinds of mortgages? And what to do if your home might be foreclosed?

Our link to Balance Pro gives information about this and much more. If you already have an issue in mind check out these specific topics and links:

How To Buy A Home

Whether you are buying a home through a short sale or foreclosure, or need to select a real estate agent that's right for you, check out these links.

Looking for a home mortgage?

To make sure you are on the right path to home ownership please check out our partnership site "The Road to Homeownership"

And check out the mortgage application checklist

Counseling and assistance getting ready and obtaining a home mortgage

In addition to on-line assistance available through our partner in financial education (Balance Pro), the Hawaii HomeOwnership Center provides personalized counseling to help you learn how and to get into your own home.

Are you having mortgage payment problems?

In this economic climate, there are many finding it difficult to make their payments and many facing foreclosure. There are many ways to get help. But you need to get help NOW!

The Hawaii HomeOwnership Center provides personalized foreclosure mitigation services for free. If you have received notices from your lender that they intend to foreclose, contact them immediately to schedule your first meeting to help resolve issues.

And if you want to learn more and do things on your own, BalancePro has some tools to help you stay in your home.

If your home has already been foreclosed, life does continue. BalancePro has some great tips and resources to help you out

Are you a renter? Do you need Renting advice?

Do you need Renting advice?

Dealing with family crisis, loss of a job, furloughs, too much debt, divorce, children's tuition, or just putting food on the table are life changing experiences. Many of us have been out of work and struggling to keep our families going. It's hard. It's stressful. It's embarrassing. Looking for work is the main thing to do.

But what about taking care of the family until we get that job? How do we do it? Here are some tips and resources for you:

How to balance your check book

If you have or are just getting a checking account, you really need to keep track of what is deposited and what goes out.

Money leaves you account in so many ways and you need to keep track of it. Debit Card transactions, checks, automatic payments and sometimes fees all come out of your account, and the timing of each withdrawal can be different.

Here is a simple course to help you balance your check book:

Making your financial dreams become reality

Making your financial dreams become reality — Sometimes it is harder than it looks. Sometimes it's a matter of setting your priorities. There are lots of ways to plan for your financial future:

Luxury versus Necessity

On major thing that affects all of us in these economic tight times is making sure we prioritize the necessities and not the luxuries.

We first need to work, eat and take care of the needs of our families before we can buy the luxuries we always wanted. Go through some of the on-line workshops listed above.

We at IEG are sure you will be pleased with the lessons learned. Remember, smarter members means smarter use of financial services. That turns into good money management and a better ability for you to work toward your financial dreams.

It's hard work. No one said it was easy. It takes personal self-discipline. You can do it. And to make sure you know where your money is going check out this spending and savings worksheet:

Avoid these things now, before they happen. And if it has happened to you, as it has millions of Americans and people around the world, we have resources to help you clean things up.

One of the best resources available to all of us is the Federal Trade Commission (FTC). Go to their special website about identity theft.

The Best Ways to prevent Identity Theft and being scammed

  1. Keep your personal information, especially your social security number, a secret. Some people need the information such as your Credit Union, the IRS and for a real credit application. Make sure you know to whom the information is going.
  2. If someone contacts you for information, do not give them any information. You must be the one to establish contact.
  3. When on the Internet (like right now) do not give me your personal information. Only give a credit card number when YOU go to a secured site (with https in the web address) AND you are VERY sure you know where you are. If you go to Macy's and buy on-line, you are probably just fine. But you need to be the one to type in the web address. Do not use a link and then give out personal financial information.
  4. Remember NO Credit Union or bank or other financial institution will e-mail you for financial information. Why should they? They already have it on file. When in doubt, call up the institution at the number you have on your statement or other papers.

Dealing with family crisis, loss of a job, furloughs, too much debt, divorce, children's tuition, or just putting food on the table are life changing experiences.

Many of us have been out of work and struggling to keep our families going. It's hard. It's stressful. It's embarrassing. Looking for work is the main thing to do. But what about taking care of the family until we get that job? How do we do it? Here are some tips and resources for you.

What to do when the house you rent gets foreclosed

This happens more and more these days. Check out what BalancePro has to say:

Are you being paid less or are out of a job?

Then it's time to budget every penny you have. There are so many issues to deal with: medical expenses, too many payments, student loans, what to do if you cannot make car payments and more. There are so many short brochures for you to read and learn so much.

Need personal help?

Come to the Credit Union and speak with almost anyone.

If we can not help we can make sure you get to the right place without having to travel the world. Resources are at your finger tips.

The Consumer Credit Counseling Service of Hawaii is practically agree service available to everyone in Hawaii. With offices in Hilo, Kona and all the main islands, CCCS of Hawaii is a one stop shop to get your finances re-organized and move toward being debt free.

Checking your credit

Free Credit Reports from each of the 3 main credit bureaus are yours, fee, one from each bureau, every year.

At IEG FCU we treat motorcycle loans just like other vehicle loans. After all, it still has wheels and you still need to have full coverage insurance.

When it is time for you to get that Harley (or Kawasaki) contact your loan representative at IEG FCU. Below are some cool links about buying your new or used vehicle:

So you're just starting out in the work-a-day world. You want more information about checking accounts, getting your first credit card, planning for that first BIG purchase (A CAR), and all that stuff about money.

There are many resources that can help, even in the middle of the night. Check out some of these cool topics and links:

Do you want a savings or a checking account?

How about both? And how do those ATM and Debit cards work. If you use your Debit Card, ATM Card and On-Line services at your Credit Union, you may never need to write a check

Remember you need to always know exactly what you have in your accounts.

Overdrafts can be very costly and you don't want to pay those kine of charges if you keep you check book register in balance. This on-line course will help you stay in balance and is a required course for all checking account holders under 18 years old.

Credit Cards can be good, if used wisely.

New government regulations restrict issuing credit cards to any person under 21, unless they can prove they are financially responsible for their own debts. IEG has a Credit Card program designed especially for the under 21 crowd.

Contact us for more information.

And check this out for more general information about credit cards:

Prepare for the future.

When you move out on your own there is so much to know and be responsible for. It's not easy. There are some good things to remember to help you along the way.

Building your good credit is very important.

Good credit will help you get the wheels you want and the home you may want in the future. Credit is important when renting as well as when you buy your first home. One way to build credit is with share secured loans and credit cards. IEG FCU has both.

Financial Entertainment Games

It's always fun to play games.

Check out the variety of games you can play to learn the value of money and how the economy works. You run businesses and can be a farmer. Check it out and play on-line.

The main financial education for IEG FCU is Balance Pro. We have already linked you to many sections of the Balance Pro website. There is so much more to search out, explore and surf. There are podcasts and lots more.

The Federal Trade Commission has taken responsibility to try and stop identity fraud. This is a growing problem in the United States and around the world. (). This web site has information on how to prevent ID Theft and tells you what to do if you have been snookered. The FTC also have a variety of education materials which your IEG FCU has obtained and placed in its ABCs of IEG library in the Credit Union Library. See these materials online.

The FDIC (the government agency that insures deposits for banks) has a great program called MoneySmart. There are 3 programs; one for adults, one for young adults and another for youth 13 and over. There is also a Podcast available for downloading to your iPad or iPhone.

BalanceTrack, a personal finance education program brought to you by IEG FCU.