USALLIANCE Blog

Taking out loans can be a convenient way for consumers to make large purchases such as homes, properties or vehicles. Consumers can also use them to pay off credit card debt or to fund higher learning, such as college or graduate school.

When you think of saving money, you may think of simply setting aside your money into a traditional savings account offered by your financial institution. After all, they are called savings accounts.

Establishing good credit is important! Having limited credit history or a poor credit score can hinder consumers, making it difficult for them to rent or buy a home, obtain a loan, or purchase a vehicle. An individual’s lack of credit may also lead to high interest rates when signing up for credit cards — a poor score could result in paying an APR of up to 24 percent.

No one is born with financial knowledge. It can take a lifetime to cultivate fiscally responsible habits, but teaching children how to set a budget, avoid debt, invest wisely, and save cash will help prepare them for financial success in the future.

Whether you are looking to make a purchase, split a dinner bill, or get paid, several digital options are designed to make your life easier. PayPal and Venmo are two of the big-names in the peer-to-peer payment world. These online platforms are meant to make exchanging money as simple as possible, with no cash, no credit card, and not even a wallet. The only requirement? A smartphone.

In years past, the ability to manage one’s own money seemed out of reach for many. The technology, the language, and the pressure to get it right — all contributed to the perception that your wealth management should be left to professionals.

Will that be cash, check, or mobile wallet?

As contactless payment is becoming more and more prevalent, mobile wallets are quickly becoming the payment option of choice for many consumers.

Are you new to the mobile wallet scene? You're in luck - we've gathered some basic information to explain this new way to pay. And don't forget, your USALLIANCE accounts are compatible with Apple Pay®, Google Pay™, Samsung Pay®, and VISA® Check out!¹

Buying a home may seem like a great investment that will help build wealth. Though many American adults dream of purchasing houses adorned with white picket fences in picturesque neighborhoods, they’re often unfamiliar with the numerous risks and unanticipated costs of homeownership. 

The holiday season is over and your bank account, may be experiencing a sense of remorse. All of that gift giving comes at a price, one that may have your wallet feeling a bit light.

            Does this sound familiar? Read on for a few tips to get you back on track financially in 2021.  (Bonus: we’ll help you avoid getting into the same spending trap next year with a few simple preparation strategies.)

If you’re in the market for a new home, don’t forget to include an inspection contingency in your contract. A professional home inspection can save you a ton of aggravation, and thousands of dollars in the long run. The inspector will carefully examine the entire house, checking its systems, structure, and equipment for functionality and potential problems.