Skyla Credit Union Blog

Let's be honest... no matter how well you plan and prep for emergency savings, the truth of the matter is something unexpected and un-budgeted is going to happen. Unfortunately, these big curveballs life throws at you aren’t typically cheap enough that skipping a subscription payment like Netflix will put your budget back on track.

Credit card debt just sucks - plain as that!

If you already contribute to a 401(k) through your employer, you might wonder whether opening an IRA is even necessary.

Choosing between a Roth IRA and a Traditional IRA can feel like a big decision, especially if you're opening your first retirement account. The good news? You don't have to be an investing expert to understand the differences.

Retirement can feel like one of those things that's easy to put off. After all, if retirement is decades away, why think about it now?

Whether you're a prospective home buyer or just curious, you've probably wondered what it takes to qualify for a mortgage. When getting a loan, credit score, your debt-to-income ratio, and down payment amount play a factor in getting approved with a good interest rate and monthly payment.

Ok, be honest - how many times have you attempted to do a debt paydown plan but it fell through the cracks or it was too hard to stick with? Maybe because the amount of debt is too exhausting to deal with or perhaps it’s the realization that it’s going to take a really long time to pay it off. So postponing your pay-down plan for a later date probably feels like an easier decision.

Credit. It's a scary topic. Mainly because so many things can surprisingly ruin your credit scores, such as late or missed payments, applying for more credit cards, carrying high credit card balances, ignoring your credit report, and more.

You may have heard the term "adjustable-rate mortgage" (or "ARM"). But what exactly is it? And should you consider getting one?