How Much Business Debt Is Too Much?

Business Banking

Borrowing money is often a necessary part of running a business. It’s important to proceed with caution and understand business borrowing before taking on new debt. Here’s all you need to know about striking a balance when borrowing for your business: What is debt capacity? Debt capacity refers to the amount of money a business can reasonably borrow and pay …

Should I Buy an Electric Car?

For the Road

With gas prices soaring and expected to continue climbing into the foreseeable future, is it a good time to consider purchasing an electric car? Thousands of drivers are grappling with this question as gas prices peak. While an electric vehicle (EV) might be the right choice for many, there are lots of variables to consider before making this decision. Here’s …

Should I Offer Financial Support to my Adult Child?

Personal Finances

In recent years, newly minted adults have become more dependent on their parents. According to a report by Merrill, more than three-quarters of parents in the U.S. provide financial support to their adult children. This includes allowing their kids to live at home, covering student loan bills, paying for their phone/data plans and more. This development is likely due to …

What is the Dark Web?

Security and Scams

The dark web is the deepest layer of the internet that isn’t visible to the average browser. Unfortunately, its name is a perfect description of its function, as the dark web is full of illegal activities and crimes. Let’s take a closer look at the dark web and how you can protect your information from being snared. What is the …

My Home Skyrocketed in Value. Now What?

For the Home

Have you seen the value of your home skyrocket lately? In some areas of the country, properties have doubled in value over the last two years. Because of this, many homeowners like you may be wondering what, if anything, they can do with this burst of equity. Here, we’ve outlined several financial moves you may want to consider at this …

How to Prepare Your Home for Winter

For the Home

Keep your home warm and safe this winter by following our comprehensive to-do list before the real cold sets in. 1. Seal your home Give your home a quick run-through, checking for drafts. You can do this by holding a lit candle near the following areas: Windows Doors Vents and fans Plumbing areas Air conditioners Mail chutes Electrical and gas …

Discussing Risk Management With Your Spouse

Directions Financial Solutions

One of the most challenging issues for couples to resolve is how much risk they’re willing to take with their investments. Here are some tips to guide you on the road toward joint venture: 1.) Communication is key Let your partner know you’re willing to research options together and come up with a plan. Erica Coogan, a partner at Moss …

Tips for Smart Food Shopping

Uncategorized

Tips-for-Smart-Food-Shopping

Food. It’s one of the necessities of life. Yet, keeping you and your family fed can take a large portion of your budget. The following tips from our partners at FoolProof can help you get more for your money no matter what’s happening with food prices. Shopping for Groceries Grocery stores can make it tempting to blow your budget. But …

Directions CU Can Help Fill College Funding Gaps

Student Money Tips

Directions-CU-Can-Help-Fill-College-Funding-Gaps

College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely to pay for it. Most families do not have enough college savings to pay for four years of tuition, room, board, books, and other expenses, so financial aid will come into play. Directions can help you plan, and help you bridge …

All You Need to Know About HELOCs

For the Home

If you’re a homeowner in need of a bundle of cash, look no further than your own home. By tapping into your home’s equity, you’re eligible for a loan with a, generally, lower interest rate and easier eligibility requirements. One way to do this is by opening up a home equity line of credit, or a HELOC. Let’s take a …