A goal everyone should have for themselves is to stay out of debt. However, staying out of debt has earned a bad reputation for itself as being no fun. The truth of the matter is that there are some practical ways to stay out of debt and still enjoy life!

We all know we need to save more money, but did you know that saving money actually has positive psychological effects? For instance, having money saved in an account is linked to higher levels of happiness. Saving money can actually lower your stress level and has the power to change your outlook on life from a negative to a positive.

This Good Money Moves podcast episode discuss the important differences between credit unions and banks.

A home equity loan is when a lender loans you money against your home’s equity. Payments are made every month on top of your existing mortgage. Being able to take out a loan against your house for emergencies or other expenses gives people flexibility when they are short on liquid cash.

October is Financial Planning Month, and with the new year right around the corner, now is a great time to make sure you are on track to meet your short and long term financial goals. Here are three tips to keep your spending in check and finish the year out strong:

Good Money Moves is a local Rochester, MN podcast produced through a partnership between First Alliance Credit Union and News Talk 1340 KROC AM & 96.9 FM. Each Good Money Moves podcast episode is packed full of the financial information you need know to be able to make good money moves through every stage of life. This episode is your friendly introduction to First Alliance Credit Union's history, mission and values.

Before obtaining a credit card, it is wise to check all available options and select a credit card that fits your needs best. While there are many types of credit cards available (standard, secured, rewards, etc.), this article discusses the pros and cons of credit cards with and without rewards.

The college years are almost synonymous with a tight budget and substantial financial concerns. Many college students fall heavily into debt, including credit card debt, because they have a lifestyle that they simply cannot afford. Others graduate with tens of thousands of dollars in student loans. 

A home equity loan is an attractive financial tool, but sometimes the pros do not outweigh the cons. In some cases, a home equity loan can become a financial burden. Although equity loans are a good option for unavoidable expenses that you can’t afford, the question is if they meet your individual needs. The answer to this question can be found by looking at the advantages and disadvantages of home equity loans.

Picking out a credit card that best suits your lifestyle can be a difficult task. Especially with the fear of hidden costs and high-interest rates on your mind. However, if you are using a credit card the right way you can benefit from many of the perks that a credit card range from free travel to lower interest rates on the existing charges.