Tag Archive for "financial wellness" | Stark Federal Credit Union

How to Spot Decoy Pricing

Retailers are always manipulating our spending habits. Every time you pick up some groceries, your choices are likely influenced by pricing tactics like BOGO (Buy One Get One free), anchoring (Their Price: $35.99; Our Price: $29.99) and high-end pricing (Chef’s Special Rib Eye: $69.99; Rib Eye: $45.99) or decoy pricing. While all these methods may…

On June 13th, the Federal Funds Target rate was officially raised by .25%. This increase marks the second time interest rates were raised in 2018 and experts expect another two increases this year. The rate increase was prompted by optimistic feelings about the general state of the economy. The Fed pronounced the economy to be…

7 Questions To Ask Yourself Before Making A Large Purchase

You’re convinced: You need that new iPhone or genuine Armani tie. Or maybe you know that gigantic, high-res entertainment center will transform your weekends. So you swipe your card and the dream item becomes yours. Your level of excitement is an understatement. That’s until, a few weeks down the line, when you’re staring…

Why You Need To Be Pre-Approved For A Loan.

Q: I’m in the market for a new home, and everyone I talk to, from friends to financial advisors, suggests I get pre-approved for a mortgage before I start house hunting. Why is this so important? A: You’re actually on the receiving end of great advice. When looking to take out a large loan, whether…