How to Budget for Home Projects

A renovation project can add square footage, modern fixtures, value, and comfort to your home, but what does it take to get started?  How much does a home renovation cost, and how much should you spend? Like most self-directed projects, once the idea to commit to a renovation takes hold, the question of budget rises […]

What is a savings account?

Whether you are a kid saving birthday money or an adult managing your finances, when you need to keep money somewhere because you don’t have plans to spend it, you either put it in a Piggy Bank or open a savings account. In principle, it is generally easier to pay daily expenses with cash or […]

Tips for Better Budgeting as a Couple

Your financial goals, budgets, savings, and debt can all be managed at your fingertips with DECU’s Digital Banking. But what happens when your single life changes and you combine economic households? Your finances undergo a transformation too, and this week the DECU Daily is here with tips on how to merge financial forces when two […]

How To Save On Utilities

A family budget can expand and contract over the seasons to cover utility bills. Heating, cooling, power, lights, and water all add up, whether in summer heat or winter chill, and a typical American family spends more than $1,400 per year to keep itself in comfort. But did you know that there are plenty of […]

Plan Your Family Vacation Budget

Vacation season is here, and with an improved national health forecast, there are plenty of reasons this year not to skip your trip. Hotels are open, airplanes are flying, and the big tourist destinations all have measures in place to keep you and your family healthy and safe. But all that travel risk comes at […]

What Does Your Credit Score Mean?

The Fair Isaac Corporation Lending money is a risky business for moneylenders. But risk is also the cost of doing business. To hedge bets in deciding whether to issue a loan, the FICO Credit Score was adopted nationwide in 1989 as the standard gauge for a potential debtor’s creditworthiness. In the days before credit scoring, […]

Why Budget?

When you know your income and track your expenses, it helps you understand how to invest, save and pay off debt. But just tracking your expenses doesn’t change how much money you can spend every month; it only ever tells you where that money is going.  The path to personal financial wisdom is enlightened by […]

Home Improvement: Here is what you need to know.

Home renovation plans are hot right now, with plenty of homeowners itching to do something around the house.  At the same time, a new sense of workplace flexibility is freeing up another set of homeowners previously bound by their commuter distance to the office. Add in this season’s tax returns, recent federal stimulus checks, economic side-hustles, […]

How To Save For A Down Payment On A House

Nationwide home buying statistics for 2020 are not going to look like the rest of the century, because of the economic disruptions caused by Covid-19, but in 2019 the average median down payment for first-time homebuyers was 6 percent of the purchase price.  Likewise, in 2019 the average cost of a brand new home in […]

The 12 Tips of Christmas

If you put all the gifts on the list from the 12 Days of Christmas in one room, it gets noisy! Cackling geese, rude swans, busy hens and all kinds of dancing and drumming. What a racket! But over here at the DECU Daily we make our holiday lists quietly, and because it’s the end […]