Learn How to Plan for Life Milestones at this Free Seminar in April 2014

will-lawyers-Montgomery-County-PA-life-milestones-for-estate-planningHave you wondered how you’re going to budget for life’s biggest events such as getting married, buying your first home, having a baby, and retiring? Attending this FREE First Financial seminar, you’ll learn how to properly plan and budget for these life milestones and receive information on different options that will work best for you.

At this seminar, attendees will learn:

  • How to plan for life’s milestones (i.e. marriage, house, children, retirement)
  • Life insurance policy options and why they’re important
  • What a living will is and why you need one

Join us on Wednesday, April 30th at 6:00pm for our “Planning for Life Milestones” Seminar, presented by the experts at First Financial, Peter A. Loffredo, Esq., and Daniel Ressegiue of Liberty Mutual Insurance. The event will be held at our Wall Office at 1800 Route 34 North, Building 3, Suite 302 in Wall. Space is limited, so make sure you sign up today!

Register Now!

Peter A. Loffredo, Esq. is an attorney who has been in practice for 22 years. He has a general practice office in Toms River, with a concentration in assisting individuals and businesses in real estate transactions. Other areas of practice include municipal court, landlord-tenant matters, litigation and the preparation of Estate Planning Documents, such as Wills, Powers of Attorney and Living Wills.

Daniel Ressegiue graduated from The Pennsylvania State University majoring in Psychology and business and is currently finishing an MBA at Monmouth University. During his tenure at Liberty Mutual, he has been awarded many awards including National Rookie of the year special recognition, 5 Time “Pacesetter,” Pursuit of Excellence and is a Liberty Lamplighters Club inductee. During his spare time, he enjoys staying active playing soccer, racquetball and partaking in long distance running competitions. He is also a member of Jersey Shore Runners Club, Penn State Alumni Association, as well as SCORE, a nonprofit entity dedicated to the mentoring of small business owners.

Learn Easy Steps to Organize Your Finances at this Seminar in January 2014

Household-Budget1Get your finances in order for the new year. Join the experts at First Financial Federal Credit Union at our budgeting seminar on Easy Steps to Organize Your Finances! Anyone interested in attaining financial stability, understanding budgets or saving money is encouraged to attend.

Attendees will learn how to budget their finances in these easy steps:

  1. Build an emergency fund to avoid money pitfalls.
  2. Create and maintain a simple budgeting worksheet.
  3. Pay bills on time.
  4. Pay yourself by saving money.

Join us on Tuesday, January 28th at 6:00pm at our Howell Branch at 4817 Route 9 North, Lanes Mill Shopping Center (Next to Verizon Wireless).

Register Now!

*Please note that this seminar is free of charge for First Financial members to attend. The seminar is open to non-members of the credit union to register and attend, however a $15 fee payable by check or cash will be collected at the seminar and credit union membership will be confirmed for all in attendance at the seminar. Should a non-member wish to become a First Financial member after attending the seminar, $5 will fund their membership deposit and be kept in their base savings account upon membership opening, and the other $10 will go to the First Financial Foundation for scholarships and classroom grants.

5 Big Budgeting Mistakes Most People Make

Top-10-Big-Budgeting-Mistakes-in-Travel-2Some people take budgeting very seriously. They budget their money down to the very last cent. Others ignore the subject completely and don’t even bother to look at the big picture every now and then.

Regardless of the situation you’re in, there are five budgeting boo-boos that most people make — and they are big. Let’s review these pitfalls so you don’t fall into any of them.

1. Not Tracking Your Actual Expenses

Budgeting is great, but without tracking it against your actual expenses it’s a useless endeavor. The ultimate purpose of budgeting is to determine if your spending behavior is getting you closer to — or further away from — your life goals. A budget is a dream. Actuals are reality. The dream is nice, but it won’t change your life.  Your actual spending, if you track it and make critical decisions around it, can propel you forward in ways you could never imagine. It’s important to track your actual spending every month.

2. Neglecting Emergency Planning

There are two kinds of emergencies. The first kind are involuntary, as in, “Oh my gosh, my car needs a new transmission!”  The second kind are voluntary, as in, “Oh my gosh, I just have to go to Vegas this weekend!”

These are both examples of unplanned expenses that throw most people off track. But they don’t have to. Here’s why. If you look back over your records for prior years, you’ll probably notice that these kinds of emergencies (voluntary and involuntary) pop up about once or twice a year.  If it’s not one thing, it will be another. You don’t know what it will be or what the price tag will be exactly, but people get smacked with “unexpected” expenses in a fairly predictable manner if they view it on an annual basis.  That’s another reason why it really pays to keep good records.

Look at your past “emergencies” to get a sense of how much goes out more or less each year and divide that number by 12 and set that amount aside every month to cover these costs.

3. Forgetting to Allow for Non-Recurring Expenses

Of the people who do track what they spend each month, few put aside the bills that come in infrequently like property taxes and insurance. That’s why, when people are asked what they think they spend on average each month, they usually undershoot it by 30% or more. And that kind of miscalculation poses a huge danger.

If you retire thinking you spend “X” but actually spend 130% of “X” you’ll be back to work before you can say, “Flippy Burger.” Track everything that goes out. It doesn’t matter how you do it. It just matters that you know what it costs you to live on average each month including everything – even non-recurring expenses.

4. Not Expecting the Really Bad Stuff

Do you budget for the really terrible “what if” scenarios? Part of that includes a family continuation plan and that usually includes a discussion about life insurance. According to JD Power and Associates, 40% of the adult population in the United States has no life insurance at all. And according to that same study, 25% of all widows and widowers (35 to 50 years old) feel their deceased spouses didn’t have enough life insurance.

Make sure you know how much coverage you need, carve out a spot in your budget and then put the policy in place. Term life is very affordable. And don’t let health issues stand in your way.  Each insurance company views your health history differently.  Even if your doctor’s chart is really ugly, don’t despair.  You may be eligible for a guaranteed issue policy.  You have nothing to lose and your family to protect, so put the latte down and take care of this.

5. Not Budgeting Your Top Resource: Time

Regardless of how much money you have or don’t have – time is your most precious resource.  Are you budgeting and tracking it?  Don’t feel bad, most people don’t. Something you can try is to make a daily list of three things you need to get done. Only jot down three things because you want to set yourself up for success rather than failure. Keep that list by your side all day long and don’t unplug your computer until you cross each item off the list. Sticking to your list and plowing through it before doing anything else will yield powerful results. You’ll be more effective and feel less stress — it’s a win-win.

Take a look at the way you spend your time and money. Are you satisfied? If not, which of these budgeting tips offer the greatest potential for you? When are you going to start? Why or why not?

Click here to check out our free financial calculators that are conveniently located on our website. We also offer a number of free tools and low-cost services that can be helpful organizing your finances and getting yourself back on track, these include:

If you’d like to sit down and review your current finances with a First Financial expert, contact us to make your complimentary annual financial check-up today by calling 866.750.0100, email info@firstffcu.com, or stop into any branch and ask to speak with a representative.

*Click here to view the article source written by Neal Frankle.

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Learn Easy Steps to Organize Your Finances at this FREE Seminar in October 2013

eggsGet prepared for holiday shopping and learn ways to manage your finances without wrecking your budget. Join the experts at First Financial Federal Credit Union at our FREE budgeting seminar on Easy Steps to Organize Your Finances! 

Attendees will learn how to budget their finances in these four easy steps:

  1. Build an emergency fund to avoid money pitfalls.
  2. Create and maintain a simple budgeting worksheet.
  3. Pay bills on time.
  4. Pay yourself by saving money.

Join us on Wednesday, October 23rd at 6:00pm at our Neptune Branch at 783 Wayside Road (Off of Route 66) in Neptune. We invite you to bring a guest but space is limited, so make sure you sign up today!

Register Now!