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Welcome to Laker Cents Real-world tips, suggestions, and insights into everything money-related.

What You Might Not Know About Credit Unions


Wherever you live, you’re probably surrounded by lots of different banking options. Most places have a variety of banks and credit unions, all with their own unique offerings and benefits. With all the options, how are you ever supposed to pick? Choosing an institution to start building a relationship with is a big decision, and it’s the reason some feel intimidated to open accounts. Since you’re surrounded by options, we want to make the path ...

5 Simple Tips to Improve Your Credit Score


It’s the age old question: “how can I increase my credit score?” If we’re already two steps ahead of you, lets backtrack for a minute. According to Experian, “credit is borrowed money that you can use to purchase goods and services when you need them. You get credit from a credit grantor, whom you agree to pay back the amount you spent, plus applicable finance charges, at an agreed-upon time.” Your credit score is a unique ...

Get Exclusive Deals for Being a Credit Union Member


At GLFFCU, we’ve partnered with Love My Credit Union to provide our members with some great savings! Through Love My Credit Union, you can get serious discounts on products like TurboTax, TruSage auto and home insurance programs, ADT home security systems, Love to Shop, and Sprint! Although we just finished tax season, in the future you can sign up for TurboTax through the link on our website and save up to $15.00 on products. When you’re ...

Youth Month is Important for Parents, Too


Every year, the Credit Union National Association chooses a theme for youth month, which takes place in April. Credit unions nation-wide are encouraged to emphasize the importance of saving to their current (and future) youth members. The chosen theme for 2018 is “The Science of Saving.”  At GLFFCU, we are encouraging kids to come and join our Youth Club. Any child 0-12 who open a NEW youth account or deposits $25 into an existing Youth ...

5 Ways to Refresh Your Finances This Spring


The first day of Spring is March 20th, and it can’t come soon enough. You might be thinking of all the spring cleaning in your future: prepping the yard for summer, cleaning out the garage, and scrubbing down every corner of the house…but have you thought of your finances? Spring is the perfect time of year to take a detailed look at your financial situation, when your mind is centered on getting a fresh start, ...

Protect Yourself Against Phone Scams


When your phone rings and the number is blocked or unknown, how likely are you to answer it? Many young consumers that grew up in the highly mobile world are familiar with handling these unknown calls. They know that giving out important information over the phone is never a good idea. In fact, many people completely ignore all unknown calls. Some of the most vulnerable targets of phone and internet scams are often older consumers ...

Beating Cabin Fever


Winter FOMO: it’s a real thing. In case you don’t know, FOMO is a popular acronym for “Fear of Missing Out.” It’s that familiar feeling you get when your friends and family are off doing exciting, envy-inducing activities while maybe you’re holding off trying to save some extra cash. With February just getting started, it’s beginning to feel like winter will never end…and the urge to get out and do something is nagging you. While ...

Breaking Down the HSA


How many financial terms have you heard thrown around but don’t really know what they mean? The acronym “HSA” is commonly used when it comes to saving money for medical expenses, but many people’s understanding of the term stops there. HSA stands for Health Savings Account. It’s a special savings account with funds you can use for qualifying medical expenses that your insurance plan doesn’t cover, such as deductibles, co-pays, and coinsurance. HSA contributions are ...

10 Simple Financial Resolutions for 2018


As 2018 sneaks up on you, you’ve probably thought a little about your New Year’s resolution. Have you thought about it in regards to your finances, though? To get the wheels turning, we outlined a few financial resolutions that can put you on track to success for the new year. 1 – (You Guessed It). Start a budget. Even in its simplest form, listing your income and expenses for the month can really put your ...

Mortgage 101: The Very Basics


If there’s one word I know to be mildly intimidating, its “mortgage.” Many millennials, in fact, feel the same way. For those who are used to renting their housing and aren’t familiar with the mortgage process, going in blind can feel like a big deal. A popular saying exists, though: knowledge is power. The more informed you are, the less scary it seems, and the easier the process is. To take matters into my own hands, I ...

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