Monday, 16 January 2017 16:11

Making Resolutions That You Can Commit To!

You know that it’s January when ... you drive around the gym parking lot for 10 minutes without finding a parking space!! That happened to me last week. Finally, I stopped, waited for someone to come out of the gym, and I followed her to her car so that I could get a parking spot. My friend and I call this the January Gym Crowd. After January, the crowd usually shrinks. The gym was so packed one night that I couldn’t even park in the parking lot!

Ever since that night, I’ve been thinking about the resolutions we make. The resolutions that don’t last are the ones that I'm not really resolved to do. The resolutions that stick are the ones that help me to become something, rather than to do something. When I resolve to change who I am in order to become healthier, it doesn’t matter if I miss a workout or overeat one day. My commitment helps me to try again the next day. I have written many blog posts about how to do something related to finance. I am not talking about how to make or do anything today. This is all about how to become financially fit by committing to financial fitness.

Find Your Commitment

I struggle with consistency. A friend told me that there are different seasons of our lives. She helped me realize that I can’t be consistent in everything all the time. When it comes to finances, we don’t always have the same level of consistency, but we can be consistent in our commitment to our financial health. Our effort doesn’t always have to be equal. There are seasons when we spend more time on our than other seasons. That is okay.

My commitment to personal finances has developed over time and with different experiences: my dad’s death, my friends retiring early, and experiencing unemployment. No one can give this commitment to you, you have to find the reason for your commitment. I’m committed to financial fitness because I want to have financial freedom. If my commitment isn’t strong enough, I won’t stick with it.

Stick With Your Commitment

Once you’ve make a commitment to financial fitness, you can expect it to be tested. My commitment is often tested. Here are a few suggestions that help to stay committed.

Don’t Compare

It takes a lot of inner strength in order to avoid comparison. Last October, I realized that comparing was a weakness of mine, and since then I have been practicing eliminating comparisons in my life. The effects of comparison are really damaging. Either I feel better than or worse than someone else. I don’t like that feeling. Plus, comparison can kill commitment if I let it. Comparison is a bad habit that is tough to break. Here are a few exercises I’m doing to help break the comparison.

Evaluate What I Think And Say

Yesterday I told my friend that we aren’t able to meet our retirement goals, but we’re doing more than others so if we are not okay financially in retirement, no one else will be okay. I thought about the comparison I made and realized I was trying to justify not reaching our goals. I thought about how I can change what I said next time.

Practice Gratitude

I’ve been journaling and call it my journal “JOYrnal.” I try to live with childlike joy. On Friday night, I bought pizza for my kids. My son’s eyes lit up and he screamed, “We’re having pizza!” It amazed me how much joy he found in a $5 pizza. To help me remember to journal, I write before I eat dinner. I learned that from a musician, Lindsey Stirling. In an interview, she said that she never forgets to eat so she ties important things that she wants to do with eating. I never forget to eat so that has helped me!

Encourage Others, Including Yourself!

The past few months I have exercised with an awesome friend. She is always encouraging me to be my best. I hadn’t lifted weights for a long time, and I started out with small amounts. She told me “Good job!" when I completed a set. She strives to be her best and doesn’t compare or compete against me. My husband also does this. He encourages me. One day after taking a cycling class, Ty asked how it went. I told him that it was rough and I didn’t do very good. He said, “You made it there. That’s good!" Last week, it was a struggle for me to get out of bed and get to the pool. After I swam, I encouraged myself.

Even though my husband and I are not maxing out our retirement plans, we are contributing! We are teaching our kids to save and invest! I encouraged myself to keep investing. We are meeting with an investment adviser this week. That is good!

Forgive Yourself

I make mistakes all the time, in every area of my life. Forgiving myself allows me to stick with the commitment. This weekend I watched a talk by J.K. Rowling, who is super successful writer, and she talked about how she had failed in so many ways that it helped her to focus on the one area she had left. Her talk actually inspired me to fail! She said that a benefit of failure is that it allows you the chance to rebuild and commit.

Focus

Focusing on one goal helps me stick to my commitment to be financially fit. Looking back, in 2010, I was trying to do everything financially. Each time that I would hear a new suggestion, I would add it to my list. I was saving for retirement and paying down our mortgage. I was also saving for my kids marriage, mission service, and college as soon as they were born. I actually TOOK my newborn and my young kids to the credit union to set up an account for the baby. This is really comical to me now. I LOL at myself!

I had to learn an important lesson about focusing. By trying to do everything financially, I didn’t see progress. I only saved a few hundred dollars towards college. I ended up having to use the kids marriage funds for something else. So, I stopped doing everything, and in 2010, I focused on saving an emergency fund. It took two years to build it. Then, I focused on increasing our retirement. By focusing on one financial goal, it has allowed me to relax and experience grace with my finances. I don’t feel bad that I’m not saving for my kid’s marriages. In a few years, that will be my focus. Right now I just want them to stay little!

Committing to financial fitness is so important. It will help you avoid comparisons and distractions. It may be the most important resolution you make!!

Wednesday, 04 January 2017 16:33

Making a Budget and a Plan

Happy New Year! Not a lot changed at the end of 2016 for me, but the holiday is a break from school, so we took our family on a vacation. I started to say, “This was a budget trip," but I caught myself and stopped. I thought about how I was going to use the word budget. So many times we use the word budget to mean cheap. It was a cheap trip. So, I changed my wording and said, “It was a cheap trip.” Budgeting gets a bad reputation when it is used to mean being cheap. Budget doesn’t mean cheap. Budget means a plan. I like how I feel when I follow plans. Think about how you feel when you are following a health plan. Maybe over the holidays you ate without a plan (like I did), and maybe you felt pretty yucky (like I did). Think about the times when you did follow a plan to exercise and eat healthy. It is hard at the time, but I always love how I feel afterward. Over time, I see great results from following a health plan.

Imagine building your home without house plans! I have several friends building beautiful homes right now. I can guarantee that every inch of those homes was included in the plan in order for them to turn out the way that my friends want them to look.

Budgets are financial plans! How do you want your finances to look? If we could think of budgets like building our dream financial home, budgeting could change. We could be excited about it even though we may hate some of the work and discipline involved in the details. There are so many decisions to make when you build a home. Some are big decisions, like square footage and number of rooms. Some are small, like style of doorknobs. Some are almost permanent and some are temporary. It’s not easy to knock out a wall, but changing a door or the color of paint is relatively easy. The more you think about the details, the more likely you are to get the house that you want.

We have big financial decisions that impact us for years, and then we have minor ones that still impact us but not as much.  How would our finances be different if we had to submit a plan before we could spend? Well, no permits are required in order to spend money. So, we have to require ourselves to budget. Budget is both a verb and a noun. It’s an actual piece of paper that details out what you will spend, but it is also a process of using that piece of paper and referring back to it before we spend. You don’t have to be perfect. Budgets are flexible. When we do make mistakes, we can change by remodeling. However, we can prevent having to redo a lot by planning!

I love the feeling of being on a plan and a budget, and even though I get off track in the holidays, it’s a NEW YEAR, and it’s a new month. What if we could change the way we view budgets and make them a part of our lives? They aren’t required of us like building plans are, but we can require them….every month. I can’t force you to do one. Wasatch Peaks can’t force you to do one. But we are here to help and encourage you to budget so that you can create the financial house that you want, and feel great about it! I promise you great results as you follow your financial plan over time.

Wasatch Peaks has the option to create Budgeter Accounts. This makes it easy to save and budget by allowing you to have up to 30 budgeting accounts withing your account to put money into and keep seperate for easy tracking. Each budgeting account has a specific name for each budgeting category (Rent, Insurance, School Expenses, Groceries, etc.) so that this budget plan can be customized just for you! It can be pre-set so money is automatically tranferred to your Budgeter Account from your savings or payroll and divided up into each budget account.

Every trip is a budget trip. Every decision is a budgeting decision! I am going to make my January budget right now and invite you to make yours! If you have any questions or want someone to help keep you accountable, please post. Please post your struggles with budgeting. For me there are a handful of categories (food, vacation, clothes) that I have to watch carefully, but the other categories are fixed and don’t require much. Where do you overspend?

Tuesday, 27 December 2016 19:34

Get Up When You Fall Financially

This morning was hard to get up. My husband's alarm went off and I woke up to use the bathroom. My body felt sore. I felt the effects of the cookies, bacon, and chocolate covered popcorn, which I ate yesterday. I felt cold as soon as I got out of my bed. I wanted to go back to sleep. I felt gravity pulling me back to my warm bed. I thought of all the work ahead of me today. Except for the bathroom, every room looks like it experienced a tornado. Christmas was a busy day for my family. I visited 3 families, attended two church services, and had a sick child. The house was now a disaster zone. This can also happen financially over the holidays.

Somehow, I found the strength to walk past my bed without getting back into it. Somehow, I meditated and planned my day. This was a HUGE victory for me today. I think it was because Christmas gave me the belief that I can change. Seeing friends and family and feeling loved inspired me to keep trying. Experiencing kindness and generosity inspired me to want to keep moving forward. Even though I overspent, I can recommit. Even though the house is a mess, we can restore order one item and one room at a time. Sometimes we don't feel like waking up financially, but every day is a new day. If we mess up and give in to a purchase we didn't plan on, or miss a budget meeting, we can start again any and every day. In the big picture, it's not really going to matter that I spent a few more hundred dollars than I wanted to spend, as long as I keep trying.

During this holiday, several of my friends and family have told me that they want to get on top of their finances. They want to budget. They want to plan for taxes. They want to invest. These friends and family have asked my advice on budgeting and asked what app or system they should use. Some of them face huge obstacles in doing this, so I don't want to minimize how hard it can be to change financially. I will compare it to my experience with exercising.

I started exercising regularly a couple of months ago. At the gym, I am surrounded with healthy and strong people. I think about what they had to sacrifice to build the muscles that they have. It is a long and gradual process, and it can't be faked or sped up. There is no shortcut. I can't just be stronger because I want to be. For the first time, I have been weight lifting with a bar and weights. I started with just the bar and am adding small amounts. I can't just put a 35 pound weight on the bar and lift it. I have to sacrifice, plan, and build up the strength. I have to commit. On Christmas Eve I went to a hard interval training class. The teacher pushed herself and admitted it was hard, but at the end she encouraged us and played inspiring music that talked about getting back up and try again. I left feeling so inspired to celebrate my victories and keep trying.

There is no magical app that will make me in shape or get my friends to budget. It doesn't really matter what app you use. There are a lot of good tools, but there is no magical app that will force us to be disciplined. However, exercising at the gym helps inspire me. I believe I can get stronger.

Consider this blog to be your financial gym. Come here to believe that you can change, and surround yourself with people who are growing stronger physically and believing that they can improve. Happy New Years. Enjoy the holiday!

Monday, 31 October 2016 15:30

Teaching financial and economic principles

My family listened to a financial course on CDs as we rode up to the Hagerman Fossil Beds National Monument over our fall break. Our kids groaned and complained. Listening to novels is much more entertaining than listening to financial education. But, it’s important that we understand these concepts so that we can make good spending decisions. These terms and topics often scare people away.

Every day we deal with economic and financial principles

We may not know the word elasticity, but we experience it every time we shop for groceries. There is a whole set of vocabulary that comes with finances. It may seem like a foreign language even though the words are English. How do we learn foreign languages? Over the past 4 years, my kids have been learning Spanish in their school’s immersion program. From the first day, these kids are “immersed” for half of the day in Español. At first, they don’t know what their teacher is saying, but that’s okay that they are clueless at first because their willingness to submit to this immersion speeds up how fast they can learn the language.

How do we immerse ourselves in financial terms — especially when we don’t want to

Radio: I often put talk radio on so that my kids are exposed to financial terms and concepts. They often complain about it, but I can tell that they are learning as they ask about different things that are said. We listen to music and books on tape too, but in the rotation, some of them are financial education.

Stories: Stories are a great way to teach finances. One story my husband tells is that in high school he drove a VW bug that he could gas up for $1 per gallon and $10 would fill up the tank. Kids love to help fill the car up with gas, so I will point out the price per gallon now and show them the total. This gives an opportunity to talk about supply and demand, inflation, and more. My kids and I learned about supply and demand as we shopped for their Halloween costumes. My oldest three children all wanted Star Wars themed costumes. The cost of these were $20 or more because Star Wars is very popular. In contrast, my youngest wanted to be a purple witch. I don’t know about purple witches, but witch costumes have probably been around as long as Halloween has been and there is a big supply of them, which drives the cost down. We were able to get the witch costume for $7. I’m sure we will notice this as the Christmas season arrives, too.

Use everyday experiences

There are economic principles that we ca learn through everyday experiences and stories. They become part of our vocabulary. Merging it with life has been the most effective way to immerse my kids. As we use our credit or debit card, I explain financial terms. My 8 year old knows about mortgages. In contrast, My 6 year old thinks that lunch is free because he has a lunch account that money is loaded onto so he doesn’t pay cash. As they grow and experience, we talk about these concepts.

Work

Work brings up a lot of opportunities to talk about finances. Kids can learn to work from very young ages and increase their ability. It exposes them to many economic principles. We went to the economics fair at our school last week. The sixth graders had different booths with some kind of money earning activity. It was like a mini-carnival and they had each come up with an idea. I love that kids were learning these principles in a fun and creative way.

Economic and financial principles apply to all of us. Don’t let them scare you away.

What do rain, sleepovers, stories, flags, flowers, presents, travel, and cemeteries all have in common? As I have been preparing for Memorial Day this week, all of these memories from past Memorial Days have come to my mind. My birthday is on May 30th, and one of the times it fell on Memorial Day, I slept over at my grandparent's house and then we decorated grave sites together. I remember my dad telling me stories about his grandparents as we visited their graves. After I was married, I remember pushing strollers full of children up to the cemetery while rain sprinkled on us.

Since the 1800s, Decoration Day/Memorial Day has been celebrated as a federal holiday in order to help us remember men and women who died serving in the armed forces while defending freedom. The Star Spangled Banner lyrics describe the U.S. as, “The land of the free and the home of the brave.” Our nation’s flag will be flying everywhere we look this weekend to honor those brave people who defend our freedom. As I think of the sacrifice of those lives, I want to honor their memory and appreciate the freedom that we enjoy.

Memorial Day, was also always a holiday to remember my family members who have died. As I remember my dad, I remember how hard he worked. A year before he died, he was hospitalized for almost a month. I remember that he asked for his planner, which had all of his contacts, so he could make phone calls from his bed in the ICU. I wanted him to be able to focus on his health. I wanted him to be able to retire.

I wanted him to not have financial stress on top of the physical stress his body was going through. This is WHY I am passionate about financial education. From childhood, I’ve had a desire to help others, and I memorized a line from Emily Dickinson’s poetry that has become a theme in my life: “If I can stop one heart from breaking I shall not live in vain.” I thought that I would do this by becoming a nurse, but realized that nursing was not for me and my passion for helping others with finances began.

My Grandpa died a couple of years before my dad did. I spent a lot of time with him. Remembering Grandpa inspires me to help others like he did. Grandpa gave me a Ford Taurus when I graduated with my Master’s Degree. At that time, I was pregnant with my first child, and we had one working car. Ty and I planned to repair his old Volkswagen so that he could drive that when I needed the car. My grandpa gave it to me and told me that it would help me take care of my new baby. It did and I appreciated that so much. He and my grandma helped support me on my mission and through college. I want to be to use money to help others like he did.

Many of the posts I write are practical topics about managing finances, but this post is about the reason for managing our finances. This is the “personal” part of personal finance. Your reason for becoming financially fit is different from mine. Without it, Ty and I would not be able to fight through the obstacles and financial challenges. Remembering why we do what we do is so important on Memorial Day.

I hope you’ll think about it and write it down, and I hope it motivates you to keep going when times are challenging.

Monday, 21 March 2016 23:34

Spring Clean-Up for Our Finances

The first official day of Spring was warm and bright the other day at our house. My kids were so excited to eat outside, and we spent the afternoon enjoying the weather. One of them even complained about it feeling too hot. Lately, Spring Clean-up has started. One of my neighbors was raking his dead tree limbs when I walked by. This weekend my husband trimmed the raspberries, brought in new dirt, and planted peas and flowers.

Spring Cleaning for Your Finances

  • Clean-up Financial Records
    Spring is Tax season. I realized that I kept more tax records than I needed to keep. The years have flown by, and I had kept taxes from 2000. IRS requires them to be kept for 7 years, so I cleaned those old ones out. Most of the forms needed to file taxes should have been sent. If you are waiting on a K-1, 1099-R, or 1099-D, I do recommend that you wait. (It is much easier to wait than to amend a return.) But, if you’re not waiting on any forms, get taxes filed. I finished mine up this weekend. 
  • Did you know? Wasatch Peaks offers Shred Days Spring through Fall to help us clean out our records. Check here or with your local branch for more information on Shred Days. They know how to make cleaning up your records enjoyable!
  • Check Your Credit Report
    Another financial Spring clean-up that I like to do is to check my credit report with the three credit reporting agencies: Transunion, Equifax, and Experian. You can check your credit report for free, online. This is really quick. I just checked mine. I like to check it when I file my taxes because it’s easy for me to remember to do it then. The free credit report doesn’t include a credit score, but it does include your credit history. Checking your credit report regularly can help catch identity fraud. Also, it’s good to check for mistakes or errors. These can be disputed and corrected. Wasatch Peaks Credit Union has more information about credit reports here.
  • Budget
    I complimented one tax client on her summarized expenses she gave me for taxes. She said that doing that helps her to be aware of what’s going on in her business. That is really true. Tax season is a great time to start fresh with recordkeeping and get into great financial habits. It’s also a good time to evaluate the past year financially and make goals for the new year.
  • Contribute to Retirement
    We still have time to make retirement contributions to an IRA for 2015. The deadline is the same as the tax deadline. One month is left! My husband and I have done this for the last couple of years. It’s nice to have an extra couple of months to contribute as much as possible. The yearly contribution limit is $5,500 per person (or if you are over age 50, $6,500). Now that my taxes are filed, I need to do this. If you get a tax refund, investing it for your future retirement is a great idea. This financial exercise isn’t easy. There are of other ways to spend tax refunds, but I remember that there is a yearly limit and so I try to contribute as much as I can. We had a goal to reach the maximum contribution limit last year, and we are still trying to reach that goal. Also, if you are getting a refund and you are an employee, you can change your W-4 so that you have less taxes withheld throughout the year and more money to budget and save in your paychecks. I need to do this. Last year I did this and planned to have almost the exact amount withheld that we would owe, but our income decreased when we went through unemployment so we had more withheld than we owed.

In Utah, some days it feels like Spring: other days it feels like Winter, but it really is Spring. I invite you to join me in some Spring Clean-up of financial records and habits.

  • Did you know? Wasatch Peaks offers Shred Days this Spring to help us clean out our records. Check here or with your local branch for more information on Shred Days. They know how to make cleaning up your records enjoyable!
Tuesday, 13 October 2015 23:07

Budget Homework Helps Us Reach Our Goals

My family is going to Parent Teacher Conferences today and tomorrow. School homework is a regular weekly task for us now. Sometimes I feel jealous of the schools who don’t send home any homework, because it is a stressor in my home. My second grader took half an hour just to find his homework the other day, which happened to be in the homework organizer. He isn’t used to having it be where it should be.

My kids have also struggled turning in their homework after they get it done. I thought my family was the only family that struggled with this. Last week I put my kindergartener’s homework in his backpack after asking him to pack it up three times. Once it’s in the backpack, sometimes it never makes it from the backpack to the basket. My older kids have turned in all of their homework this year!!!! YAY! While volunteering, I talked to another mom who said her daughter doesn’t turn in her finished homework either. Their teacher told us that she gives them two skittles, which is a tiny treat but that motivates my son enough to turn in his homework.

We all have “homework” that we don’t like to do. It can take longer to think about doing the homework than it does to actually do it. Laundry and dishes are some of mine. This weekend I visited my sister, and her dishwasher was broken. As we washed dishes by hand, I realized how little time that job really does take me to load the dishes and put them away.

For a lot of people, it is harder to think about budgeting than to actually budget because I think deep down we all know what we want, but it’s tough to make that happen. Planning how to spend our money through budgeting has become a habit for my family after doing it for over a decade. I haven’t had to think about doing it or fight those overwhelming feelings for quite a while.

However, with all of the radical life changes and emotional ups and downs that came along with unemployment and job changes, budgeting felt overwhelming. We went into survival mode this summer: we paid the bills and we cut back expenses, but we weren’t planning like we did before. I’ve been going through the motions of budgeting: tracking, allocating our paycheck to expenses, and paying bills. My family’s budget has been under construction the past few months as we adjust to our new income. And even though budgeting is part of our life, it has been a struggle.

My friend who is also a financial coach/counselor invited my husband and me to come to a Financial Peace University class that she is coordinating. That class has given us the support and motivation we need to keep working through the overwhelming feelings. We have started by talking about our plan for the holidays. I really wanted to dress up all the kids as characters from Frozen, but some of them don’t want to do it, and as we talked about the price of the costumes, my husband and I decided we would rather spend the money on Christmas than on costumes that they don’t want to wear.

Sometimes we are the teacher giving the homework and sometimes we are the student receiving the homework, but either way, budget homework is do-able and we can all help each other overcome the overwhelmingness of it all.

Friday, 25 September 2015 16:21

Talking to Aging Parents About Their Finances

Do you know if your parents have a will? If anyone is trying to sell them an annuity? If they are paying all of their bills? If you answered no to these questions, it may be time to have a conversation with them. You may be groaning right now – who enjoys talking about money? – but doing this can help ensure your parents’ well-being.

Bill-paying
Many of us struggle to meet our monthly obligations, especially seniors, who often face diminished retirement savings and high medical costs. Ask your parents if they have been unable to pay any bills or purchase essential expenses, like medicine or food. If so, help them explore ways they can revise their budget. Are there any expenses that can be cut or reduced, like cable or dining out? Is there any way to increase their income, such as through a part-time job or reverse mortgage?

Encourage your parents to contact the creditors/service providers for any bill they are struggling to pay. (If preferred, you may be able to talk to them yourself with your parents’ permission.) Many creditors offer hardship programs – short-term arrangements that allow you to make smaller payments. Utility companies frequently have payment assistance programs for limited-income customers.

For aging parents suffering from memory problems, bills may go unpaid simply because they forget. Handling the bill-paying yourself is one possibility, but if you do not have the time, you may find it helpful to use the services of a daily money manager. Daily money managers assist with financial tasks, such as opening and paying bills, balancing checkbooks, and organizing and filling out paperwork. Professional daily money managers charge a fee for their services, but low-income seniors may be eligible for free assistance through a volunteer program. (You can contact your local Area Agency on Aging for more information.) Of course, since there is the potential for abuse, you should choose a daily money manager carefully and periodically check up on his or her work.

Long-term Care Costs
Sometime in the future, your parents will likely reach the point where they are no longer able to live on their own without help. Unless you or a relative plans to care for them, they will have to pay for nursing-home, assisted-living, or in-home care. It is not unusual for long-term care costs to exceed $50,000 a year, and Medicare and Medicaid only cover them in limited circumstances.

If your parents do not already have a plan for financing their long-term care, help them create one. Putting aside a set sum each month can help your parents amass a good chunk of change, but if they do not already have a significant amount of savings, it may be difficult to save enough now to completely cover their costs. Besides saving, another option is to purchase long-term care insurance. Many policies cover both nursing-home and in-home care costs. The best time to purchase this insurance is when you are in your 50s or 60s. Since there are many different provisions to consider, you and your parents may want to talk with a qualified insurance advisor about what would best meet their needs. Long-term care insurance is expensive, so it can be tempting to go with whoever offers the cheapest policy, but avoid purchasing one from a company with questionable financial health.

Salespeople/Scammers
Unfortunately, there are many people out there looking to take advantage of others, and seniors are a popular target. If someone is trying to sell your parents an annuity, timeshare, or other investment opportunity, review it in detail to see if it would make sense financially. (It probably won’t.) Explain to your parents why you think it is not a good investment. If they are getting calls from telemarketers, sign them up on the National Do Not Call Registry (www.donotcall.gov or 888-382-1222). Discuss common scams, such as the promise of lottery winnings if you send a check for taxes, and encourage them to talk to you before sending money to someone.

Estate Planning
The majority of Americans don’t have a will. No one wants to think about death, but having a will ensures your property goes who you want it to go to and reduces the likelihood of conflict breaking out between surviving relatives. If you are not sure if your parents have one, ask. Those with more complicated financial situations may want to have their will drafted by a lawyer, but others may be able to create one with the aid of a book or computer software.

Even if you know your parents have a will, you can talk to them about whether they feel it is up-to-date or if they want to make any changes. For example, if they left part of their estate to a sibling and he died, they may prefer now to leave their whole estate to their children. Also discuss if they have other estate planning documents, such as durable power of attorney for healthcare and finances.

Copyright © 2009 BALANCE

Published in Blog
Thursday, 06 August 2015 21:27

Start Using Bill Pay Today!

How to get started with Bill Pay with Wasatch Peaks

Start enjoying the convenience and simplicity of Bill Pay today. It all begins with adding a payee—the company or person you wish to pay.

Here’s how easy it is to get started:

  1. Grab a bill and log in to your online banking account
  2. Click on the “Bill Pay” link
  3. Click the “Add a Payee” button on the dashboard
  4. Enter the required payee information found on your bill

Once you’ve added a payee, you can make a payment right from your dashboard.

And that’s just the start. With Bill Pay you never have to worry about missing a payment. That’s because you can:

  • Automate recurring payments
  • Receive helpful email or text reminders when payments are due
  • View the due date and amount of upcoming bills right on your dashboard with eBill

Feel free to contact us with any questions at 801.627.8700. You can also visit us online at wasatchpeaks.com for more information or email us at .

To learn more about Bill Pay, watch this helpful step-by-step demo.

Published in Blog

The Holiday Season is here and there are lots of things our members are preparing for. When you stop in to our branches, many of you tell us about your plans for celebrations, travel, and gift-giving. We love to hear about what's going on in your lives and we're thrilled to be a part of your holiday preparation. Are you expecting family and out of town guests? Do your plans include a Black Friday or Cyber Monday adventure? Whether you shop in-store or online...money, budgets, savings, and credit are probably on your mind. Wasatch Peaks has some great options to consider as you make your budget and plan your finances this season.

6/12/6 Christmas Loan

High interest department store credit cards and payday loans don't have to be a part of your plans. Why not consider a 6/12/6 Christmas Loan? A 6/12/6 Christmas Loan has a 6% fixed annual percentage rate (APR) on approved credit (OAC) with a 12 month term. You can borrow up to $6,000 and schedule your payments to be made automatically from your Wasatch Peaks account. These are great terms, from a lender you know and trust.

VISA Platinum

If a loan doesn't fit your needs, how about a VISA Platinum card with a low introductory fixed rate of 4.99% on balance transfers and purchases for six months? This is an excellent option for Christmas shopping, holiday spending, travel expenses, and more.

Christmas Club

Another great option is our Christmas Club Savings Account. Why not start preparing now for next year? Get a jump on next year's budget with a savings account with a .50% APY. That's a .15% increase from last year! A Christmas Club Account is a super way to set aside money in increments that are comfortable for you. You can deposit however much you want to up to $300 per month. It adds up, and the money you've saved will be automatically deposited into your regular savings account the first week of October, 2015. Learn more here.

There's never been a better time to open a Christmas Club Savings Account and it's never too late!

Call, click, or come in to any of our branches for for more information about any of these options and to apply. You can also apply here.

Wasatch Peaks Credit Union has options to help you financially. Let us help you use your money wisely so you can get back to enjoying the things that matter most.

 

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