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NFCC Blog: Staying the Course

Money Management for the “Boomerang” Household

By Nat Sillin Multi-generational households are nothing new – before 1950, parents, kids, grandparents and extended family members living under the same roof was not only common, but also smart. Combined households sharing living expenses, childcare, eldercare and maintenance duties made life more affordable. Due to recent economic realities, multi-generational living has been on the rise for many families. A 2014 Pew Research Center analysis showed that a record 57 million Americans …Read More

NFCC Poll Reveals When Consumers Prefer to Shop for School Supplies

By Bruce McClary   Based on the results of a July NFCC Financial Literacy Online poll, the calendar doesn’t have much of an influence on the majority of shoppers who are looking for the best deals on school supplies. A substantial majority (69%) stated that it is best to shop throughout the year, whenever there is a sale. Getting children ready to start the school year is an expensive proposition for most …Read More

TD and NFCC Renew Partnership to Provide Financial Education Seminars

By Drew Kessler TD Bank, America’s Most Convenient Bank®, recently announced continued partnership with the NFCC to sponsor 110 adult financial education seminars for approximately 2,000 people in Boston, Florida, New York City, Metro Washington D.C., Philadelphia, North Carolina and South Carolina. NFCC member agencies will host the seminars, scheduled through Dec. 31, 2015, with a focus on budgeting and basic financial management skills, understanding credit reports and scores, and …Read More

Tips for Prospective Homebuyers with No Credit

By Tali Wee New homebuyers often ask: can I get a mortgage with no credit? The short answer is no. However, almost nobody has absolutely no credit. So, even if you don’t have a credit score, mortgage lenders may still lend to you based on other components of your credit history. What Credit History Lenders Look For If you’ve never had traditional credit like credit cards, student loans or car …Read More

Money Saving Tips for College Students

By Drew Kessler Let’s face it, college is expensive and most students have a limited cash flow. The good news is that a number of businesses realize this and make an effort to accommodate their student clientele. Always keep an eye out for student discounts, and bring your student ID with you wherever you go. Many establishments offer discounts to anyone with a student ID – from clothing stores to …Read More

Your Midyear Financial Checkup

By Nat Sillin The summer months allow most of us a chance to slow down and catch up – on relaxation, on chores and with a bit of scheduling and focus, on our money goals. Setting a few hours aside for a midyear financial checkup in June or July can help you review how you’re doing with savings, investing, spending and debt. It can give you the opportunity to spot …Read More

Christmas in July

By Mark Foster It may seem crazy to be thinking about Christmas in July, but actually it makes good financial sense. We know Christmas will eventually roll around, so it’s wise to start planning for it now to avoid stressing out and overspending later. When people wait till the last minute and basically wing it, it’s very tempting to just start charging gifts on the credit cards because there’s not …Read More

Eight Priceless Financial Lessons You Learned on the Playground

By Jesse Campbell One of the best parts of childhood (besides nap time, obviously) is all the lessons you learn when you don’t think you’re learning anything. It’s the dirty little secret of being a kid – the most important lessons we learn actually happen in those moments when no one is trying to teach us. (Don’t tell kids this.) Take recess, for example. You know you’re supposed to be learning something …Read More

Save Money on Gas

By Lauralynn Schueckler The cost of living continues to rise for the average American, forcing many to make drastic budget cuts and eliminate many luxuries from their lives. One element that is a necessary component in nearly every person’s life is the availability of a car. However, the rising cost of gas has travelers looking for ways to save money. Here are a few strategies that will help the penny pincher …Read More

Inexpensive Summer Fun Activities

By Drew Kessler When school let’s out every summer, the thoughts of children and families across the nation turn to fun-filled summer days. But rather than letting summer break the bank, the NFCC suggests the following fun, inexpensive activities to pass the sunny days with children. Visit the local library. Most local libraries provide regular storytelling programs that provide an air-conditioned break that keeps even the youngest and oldest reader’s learning …Read More