By: Brian Corson, CR210 Branch Vice President and Money Makeover Coach
The New Year is an exciting holiday. It symbolizes fresh beginnings and renewed opportunities to accomplish our goals. It is also a time to reflect on, and learn from, our experiences and express gratitude for all we have.
You start off the new year with the best intentions ... Save more money. Pay off debt. Stick to a budget. Like a well-oiled machine, you’re ready and revved up to accomplish your financial goals, whatever they may be.
Millennials have grown up on technology like personal computers, cell phones and the Internet. And while they may be tech-savvy, millennials are also the most blasé about how technology can lead to identity theft.
I would be willing to bet that, at some point in your life, you’ve been offered a retail credit card during a checkout experience. And if you haven’t, you’re sure to be offered one during your holiday shopping. At first, you might wonder if you have enough time to fill out the application before all the big-screen TVs are gone, or if the discount will be big enough for what you’re buying.
A 2015 study found that 41% of households headed by someone aged 55 to 64 had no retirement savings, and only about a third of them had a traditional pension. Among households in this age group with savings, the median amount was just $104,000.*
Since our Internet & Mobile Banking conversion earlier this year, VyStar members have been asking for a few updates. Adding a memo to an internal transfer, improving search capabilities for your accounts, and offering printer-friendly options were among the top requests we received to make your online experience easier.
Not too jolly about filling your kids’ stockings with candy canes and other sugary treats? Instead, opt for stocking stuffers that’ll give your children something more practical than cavities. VyStar has a variety of kid-friendly products that will help your little ones save money.
If you’re like most Americans, the mountain of gifts you’ll be buying during the holiday season is likely to rival the one in Santa’s sleigh. And the price of it all? Let’s just say it won’t leave you feeling very jolly: According to a recent National Retail Foundation survey, consumers plan on spending an average of $935.58 on their holiday shopping this year.
Identity theft skyrockets during the holiday season. Don’t let this crime put a damper on your holidays with friends and family.
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