Finding Financial Stability in 2020
During the last few months, we expanded our library of tools in order to grow our financial wellness library and to continue supporting our members. Here are just a few of our initiatives:
With the help of our digital resources and our expert team, we’re determined to assist our members prepare for whatever comes next. During the last few months, we expanded our library of tools in order to grow our financial wellness library and to continue supporting our members. Here are just a few of our initiatives:
Financial Guides and Education
Webinar Series – Our complimentary webinar videos feature important topics surrounding finances. Available in monthly series, we’re making in-classroom trainings available to you from the comfort of home. Learn how to calculate and manage your spending, how to break the debt cycle and more.
MoneyCoach @Hughes – In partnership with the nation’s leading education technology innovator, EVERFI, we’re bringing an assortment of interactive courses to encourage participants to build financial confidence. Each module takes 3-10 minutes to complete and include helpful assessments.
MoneyCoach for students – Our in-depth modules and tools are designed for both students and parents alike and offer expert strategies in a variety of important financial areas, such as credit building, paying for college, investing, savings and more. Children enjoy the fun interactive activities and videos.
We serve as an important ally for parents in their mission to teach kids to be financially responsible. It’s never too early to save for the future, and a Youth Savings Account is the perfect way to save for college, for that first car or for the unexpected.
Financial Calculators – The results will help you determine how much you need to save, give as a down payment and how much you can afford. We highly encourage our members to use this self-help tool to understand their investments and purchases.
Managing Money During A Pandemic
Monitor Your Finances
Saving money doesn’t have to wait. Start by tracking every single expense and identify purchases that are not necessary. Call your service providers and revisit your current bills, contracts and service packages. You may be able to cut back or save simply by bundling services, downgrading packages or going with a different vendor. Hughes also offers complimentary financial checkups and free credit report reviews. We can help find opportunities that can bring you long term savings and growth. Give us a call or stop in today.
Please keep in mind that the FCC is reporting a rise in COVID-19 scams. Fraudsters are pretending to be employed by local labs with false test results. Beware of emails, text messages and calls that promise financial assistance on behalf of the IRS.
A Possible Second Stimulus
Those who were most impacted during the early stages of the pandemic received economic relief funds under the CARES Act, the Coronavirus, Aid, Relief and Economic Security Act. Congress appears to near a possibility of a second stimulus package intended to send $1,200 for each qualifying adult, and $500 for each qualifying child dependent under the HEALS Act, Health, Economic Assistance, Liability Protection and Schools Act. The first checks could be mailed in late summer. Lawmakers are eager to move this second stimulus package forward before the Senate recesses again on August 8.
As always, remember that you are not alone, our financial experts and resources are always available to help.