Financial Fundamentals Blog

Ways to help support local businesses during COVID-19

As the coronavirus pandemic continues, many of our small, locally owned businesses are struggling. Since they’re the bulk of nation’s jobs, cultivate new innovation and help shape our communities’ personalities, helping them when they need it most is important. There are small actions you can incorporate to help your favorite local businesses.

Should you use your emergency fund during the pandemic?

COVID-19 has caused financial problems for millions of Americans, and while the local economy is starting to operate again, many people are still in a financial pinch. If you’ve started an emergency fund, you may have begun to dip into it. But before you drain that account, consider some alternatives. We’ve compiled a list to help you weigh your options before using/draining your emergency fund.

How the CARES Act Affects Student Loans

The Coronavirus Aid, Relief and Economic Security Act signed into law March 27 introduced several new measures to help individuals and businesses struggling during the COVID-19 pandemic. For most student loan borrowers, the CARES Act automatically suspended certain federal student loan payments and reduced interest to 0% through Sept. 30, 2020. Because the pandemic has affected everyone differently, student loan borrowers have several options to consider when paying their federal student loans. 

Common Tax Mistakes That Could Cost You

Tax season can be overwhelming, especially if you choose to prepare your own taxes. Rushing to get your taxes filed before the April 15, 2020 deadline can increase your chance of an error, which can delay your refund, trigger an audit or cause you to pay more. Most of the mistakes that taxpayers make on their tax returns are fairly simple ones. We’ve compiled a list of the more common mistakes taxpayers make when filing taxes and some tips on how to avoid them.

Understanding your Payroll Deductions

Direct deposit is wonderful, but if you’re not taking the time to review your pay stub now and again, you could be missing crucial mistakes. Learn about common payroll deductions to help make sure you’re being paid all you deserve.

Make a difference on Giving Tuesday

Looking to spread some cheer this holiday season? Find a way to participate in Giving Tuesday. Giving Tuesday is a global day of giving fueled by the power of social media and collaboration. The movement is celebrated on the Tuesday following Thanksgiving (this year, it’s Tuesday, Dec. 3), and kicks off the charitable season when many focus on their holiday and end-of-year giving. There’s no single way to participate. Donate your time or money to local, national or global organizations to help make a difference. 

7 17 Credit Union now offers Members Medicare Plan Options

7 17 Credit Union has partnered with TLC Insurance Group to offer Medicare plan options to members.
Whether you’re new to Medicare, getting ready to turn 65, preparing to retire or preparing for your annual Medicare enrollment review, 7 17 is here to help you navigate this complex process to select the plan that best suits your needs.

How to Beat your College Bookstore and Save Money on Textbooks

School is back in session, and with it comes a myriad of costs. If you’re heading off to college for your first or last semester, don’t be afraid to look for ways to save. One way to cut costs is to eliminate visiting your college bookstore for textbooks. Don’t be afraid to look for deals or to get creative! Here are some tips to help.