Being laid off from work is extremely stressful. While some employers provide advance notice, this isn’t always the case. If you haven’t created a plan or you don’t have an emergency fund to fall back on, figuring out how to pay the bills can become worrisome. We’ve compiled a list of financial steps to take in the event of such …
Financial Steps to Take After the Death of a Loved One
There aren’t many things more challenging than the passing of a loved one. It’s emotionally difficult, and complications may arise while handling the person’s finances. You might not know what steps to take after receiving the heartbreaking news. It may be difficult to get through day-to-day tasks, while trying to make financial decisions. Pelican’s committed to being your financial family …
Right and Wrong Ways to Use a Credit Card
A credit card is a powerful financial tool that is easily available to most people. When used properly, they can help build your credit score, while also offering the convenience of making purchases online or in just about any store. However, if used improperly, a credit card can cause you serious problems. These include overspending, amassing large debts, and hurting …
Skills to Make Your Kid Money Smart
It’s extremely important to get children started on the path to financial success when they’re younger! This helps make a positive impact on how children view their finances now and in the future. A question I hear a lot is, “What can I do to help teach my kids/nieces/grandchildren how to save and the importance of saving their money?” If …
Overcoming the Financial Challenges of Single Parenting
According to the 2020 census, nearly 19 million children in the United States are living in single-parent households. If you’re a single parent, it can feel like the financial challenges that come with raising a child by yourself are too much to handle. My name is Kimberly Gaines and as a Nationally Certified Credit Counselor here at Pelican, I’ve met …
Everything You Need to Know About Your 401(k)
Whether you’re just starting your career or you’re more of a seasoned professional, any time is a good time to start financially planning for your future. As a Credit Counselor here at Pelican State Credit Union, one area I educate our members on frequently is retirement. Retirement may seem far away to some of us, making it seem less urgent …