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, including overspending, amassing large debts, and hurting your …

Make Your Kids Money Smart

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 Challenges of Single Parenting

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 Should Know About Your 401k

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 …

How to Change Your Money Mindset

Changing Your Money Mindset

When we hear the word relationship, we often think of it in terms of our connection to other people. We’re constantly striving to build healthy and positive relationships with our family, spouses, friends, and coworkers. Many people don’t realize that they have a relationship with money, and sometimes it isn’t a healthy relationship! Financial wellness includes having a healthy relationship …

Holiday Budeting Worksheet by Christmas Tree

How to Create (and Successfully Stick to) a Holiday Budget

The holiday season is a special time of the year where we look forward to enjoying the company of friends and family and annual traditions! It’s also known as a time of giving, which means heading into this season without a spending plan can put stress on your finances! We love to create a magical atmosphere in our homes and …