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The Difference Between Saving and Investing

Ask almost anyone if they know there’s a difference between saving and investing and they’ll say yes. Ask them if they know what that difference is, though, and you’ll get a lot less positive answers.

Mortgage Points and Closing Costs Explained

A mortgage point is the amount equal to 1% of the mortgage loan amount. For example, let’s say that you take out a loan of $400,000, one point will be $4,000.  This article explains mortgage points and closing costs, and offers a few tips to avoid paying them. 

The Difference Between APR and APY

When you look at interest rates, you’ll see two abbreviations pop up over and over again—APR and APY. Some financial institutions will show both the APR and APY for their finances, while others may show only one value or the other. To make things more confusing, the rates may only vary by a fraction of a percent.

Financial Planning: The Earlier the Better

It is never too soon to start saving for events that occur later on in life such as retirement. In fact, if you wait too long, it is simply not possible to reach savings targets in a short period of time. Here are some reasons why it is better to start putting aside money as soon as you are able.

First Alliance Credit Union to Build New Branch in NW Rochester

First Alliance Credit Union announced Monday, March 11th, 2019 that they have purchased land in the fast growing area just off of West Circle Drive North West in Rochester, near Costco. The credit union has plans to build a new full service branch at the location which is slated to open by the end of 2019.

Tips for Decorating on a Budget

We all want a beautiful home that looks like it belongs in a magazine. However, most of us don't have the budget to lavishly decorate and furnish our homes. In order to help you have a well decorated home you can be proud of, we have put together these tips for decorating on a budget.

Make Savings Easy: Automate As Much As You Can

You can make your life much easier by automating many tasks. Once you've spent the time up front setting up your system, that system will reward you by doing work for you. It’s easy to automate almost everything, including savings, spending and shopping.

Facebook Live Q&A Recap: Budgeting and Saving

Do you want to feel like you have more control over your finances? Maybe you just don’t quite know where to start? Or have you tried different tips and tricks before but run into bumps in the road along the way, and then reverted back to your old spending habits? Does this sound like you? To help you get started with budgeting and saving and to be successful long term we hosted a Facebook Live question and answer session. Here’s the video and a brief recap of what was discussed.

Simple Ways to Save and Invest

Establishing a savings account is the best way to help you financially deal with the uncertainties of life, such as job loss or medical expenses, and achieve your financial dreams, like paying for college, purchasing a car, traveling, buying a home or saving for retirement. Below are some simple ways to save and invest in your financial future.

How to Create a Trust Fund

You don’t need to be a millionaire in order to take advantage of a trust fund. If you have a few thousand dollars that you want to make sure helps a person, group or organization, a trust fund is one of the best ways to ensure that money is used for the purpose you intended. How do you create a trust fund, though? What are the first steps you need to take?