Your Complete Year-End Financial Checklist
Is your monthly budget still working well for you? Are you stretching some spending categories or finishing each month in the red? Take some time to review your budget and make any necessary changes.
5 Best Times to Buy a Car: Your Guide to Scoring the Best Deals
When it comes to buying a car, timing is everything. Whether you’re eyeing a brand-new model or looking for a reliable used vehicle, knowing the best times to make your purchase can save you a significant amount of money. Here’s a guide to help you navigate the car-buying process and identify the optimal times to buy.
1. The Best Days of the Week: Midweek Wins
Most people do their car shopping on weekends, which means dealerships are busier and less likely to offer significant discounts. To get the best deal and personalized service, consider visiting the dealership on a weekday, preferably midweek. Tuesdays and Wednesdays are particularly good days to shop because the dealership is typically quieter, and salespeople may be more willing to negotiate to make a sale.
2. The Best Time of Day: Late Afternoon and Evening
If you’re looking to strike a deal, consider heading to the dealership later in the day. Salespeople may be more eager to close a deal before they head home, especially if it’s been a slow day. This can work in your favor, as they might be more willing to offer you a better price just to finalize the sale.
3. The Best Months: September, October, and December
Timing your car purchase to the right month can lead to significant savings:
- September and October: These months are when dealerships start receiving new models for the upcoming year. To make room for the new inventory, they’re often eager to sell off the current year’s models at a discount. This is an excellent time to find deals on cars that are still brand new but may not have the latest features.
- December: December is arguably the best month to buy a car. Dealerships are trying to hit their year-end sales quotas, and salespeople are often more motivated to offer better deals to meet these targets. The closer you get to the end of the month, the better the deals tend to be.
4. The Best Time of the Month: Month-End
Car dealerships often have monthly sales targets they need to meet. As the month draws to a close, salespeople may be more motivated to make deals in order to hit their quotas. The last few days of any month are an excellent time to visit the dealership if you’re looking to negotiate a lower price or secure better financing terms.
5. The Best Time for Used Cars: Early in the New Year
If you’re in the market for a used car, consider shopping in January or February. After the holiday season, many people trade in their old cars for new ones, leaving dealerships with a surplus of used vehicles. Dealers will be eager to move this inventory, and you may find great deals as a result.
Worst Times to Buy a Car: Avoiding Common Pitfalls
While there are plenty of great times to buy a car, there are also some times you should avoid:
- Weekends: With the dealership crowded with potential buyers, it’s harder to get a good deal.
- Early in the Year: While holiday sales events in January can offer discounts, they are often not as substantial as those later in the year.
- Summer: Unless you’re looking to buy a car model that’s nearing the end of its cycle, summer months generally offer fewer discounts.
Choose Your Best Time to Buy a Car
When you’ve identified the right time to buy, AGCU can help you make and finance your purchase. Our 100% financing options and competitive rates on new and used cars make it easier to drive off in your dream vehicle. Be sure to check out our auto loan rates and apply online for a preapproval before you head to the dealership.
Next Steps:
- Assess your flexibility and plan your car purchase around one of the best times of the year.
- Research makes and models, and familiarize yourself with fair-market prices to identify a great deal.
- Visit your local dealership prepared to negotiate, and consider getting preapproved for an auto loan with AGCU to streamline your purchase process.
By timing your car purchase wisely, you can ensure you’re getting the best deal possible.
Banking With A Purpose
Much more than a catchphrase, our tagline is our passion, our reason why we do what we do. This is the impact of your membership with AGCU.
Learn More About Banking with a Purpose
20 Back-to-School Hacks So You Can Beat Inflation
Back-to-School Hacks to Beat Inflation
Back-to-school season is here, and this year, the second-biggest shopping season of the year will be more expensive than ever. With inflation still at all-time highs, the supplies and gear you always buy may cost a lot more than you paid just a year or two ago. No worries, though. There are still ways to trim your back-to-school spending and keep your budget intact. Here are 10 back-to-school hacks for beating inflation.
1. Set a Budget and Stick to It
Create a realistic budget for your back-to-school shopping and stick to it. Make a list of essential items and allocate a specific amount for each category, such as clothing, supplies, and electronics. Make sure your budget is generous enough to cover all purchases but tight enough to not end in debt. This will help you avoid impulse purchases and stay within your financial limits.
2. Start Early and Plan Ahead
One of the best ways to save money is to start shopping early. This will enable you to take advantage of sales and avoid the last-minute rush when prices may be higher. For example, you can pick up pencils when they’re on sale at Walmart one week and paper from Target when it is marked down there. Spreading your purchases over time will also make it easier on the budget.
3. Take Inventory of What You Already Have
Before heading to the stores, check out the inventory of supplies and clothes you already have at home. Often, last year’s items can be reused or repurposed. Check closets, drawers, storage bins, and last year’s backpacks for notebooks, pens, pencils, and other supplies. This can help you avoid buying more of what you already have and save a significant amount of money.
4. Shop During Tax-Free Holidays
Many states also offer tax-free holidays, where certain items are exempt from sales tax. Plan your shopping around these dates to maximize your savings. Combine sales with coupons or loyalty programs for even better deals.
5. Buy in Bulk
For items you’ll need to buy many of, like notebooks, pens, and paper, buying them in bulk can be more cost-effective than traditional shopping. You can generally find discounts on bulk purchases at warehouse stores and office supply retailers. To save even more, you can team up with other parents and split the costs.
6. Use Price Comparison Tools
Harness the power of technology to find the best deals as you shop for school supplies, gear, and clothing this season. A price-comparison website or app, like Honey or RetailMeNot, will automatically compare prices across different retailers to find you the best deal. Many will also find promo codes and coupons for you so steeper discounts can be had.
7. Consider Secondhand Options
Thrift stores, consignment shops, and online marketplaces, like eBay and Facebook Marketplace, can be treasure troves for gently used clothing, backpacks, and other school supplies. Check out these places for high-quality items at a fraction of the cost of new ones. For textbooks, check out websites, like Chegg or ThriftBooks, for used or rental options.
8. Choose Quality Over Quantity
While it might be tempting to buy the cheapest option available, investing in high-quality items can be the least costly choice in the long run. Durable backpacks, sturdy shoes, and long-lasting electronics might have higher upfront costs, but they will likely outlive their less-expensive counterparts and save you money over time.
9. Take Advantage of Student Discounts
Many retailers offer student discounts on a variety of items, from clothing to electronics. Check out the sites of your favorite retailers to see what they offer before completing a purchase. Don’t shy away from asking about possible student discounts in real-life stores, either. You may need to provide a student ID or use a promo code to access these discounts, but you can walk away with significant savings.
10. Leverage Cashback and Rewards Programs
You may want to use credit cards that offer cashback or rewards on purchases to get a little extra back for your spending. Only do this if you know you can pay off the credit card bill in full soon after. Otherwise, the interest charges you’ll be paying going forward will likely offset any benefits you may enjoy.
11. Utilize Cashback and Rewards Programs
Many credit cards offer cashback or rewards points for purchases. Use these programs to your advantage by paying for back-to-school items with a card that provides rewards. Just be sure to pay off the balance in full to avoid interest charges.
12. Take Advantage of Buy-One-Get-One-Free (BOGO) Deals
Keep an eye out for BOGO deals on school supplies and clothing. These offers can significantly reduce your overall spending, especially if you have multiple children to shop for.
13. Use Student Loan Programs for Technology Purchases
If your child needs a new laptop or tablet for school, look into student loan programs that offer low-interest rates or deferred payment plans for technology purchases.
14. Participate in Store Loyalty Programs
Many retailers offer loyalty programs that provide exclusive discounts, points on purchases, and special promotions. Sign up for these programs to maximize your savings.
15. Swap and Share with Other Parents
Organize a swap meet with other parents to trade gently used school supplies, clothing, and gear. This can be a fun way to get what you need while saving money and reducing waste.
16. DIY When Possible
Consider making some of your school supplies at home. For example, you can create customized notebooks, binders, and pencil cases with inexpensive materials. This not only saves money but also adds a personal touch to your child’s items.
17. Seek Out Coupons and Rebates
Before making any purchases, search for coupons and rebates. Websites like Coupons.com, RetailMeNot, and manufacturer websites often have printable coupons and rebate offers that can save you money.
18. Utilize School Supply Drives and Donations
Check with local community organizations, schools, and churches for school supply drives. Many organizations offer free supplies to families in need. Take advantage of these resources to reduce your back-to-school expenses.
19. Use Cashback Websites
When shopping online, use cashback websites like Rakuten or Swagbucks. These platforms give you a percentage of your purchase back as cash or rewards points, which can add up over time.
20. Plan for Next Year
Start planning for next year’s back-to-school shopping as soon as this season ends. Take advantage of end-of-season sales and clearance events to stock up on supplies and clothing at deeply discounted prices.
Incorporating these additional tips will help ensure your back-to-school shopping is as cost-effective as possible, allowing you to beat inflation and stay within your budget.
Banking With A Purpose
Much more than a catchphrase, our tagline is our passion, our reason why we do what we do. This is the impact of your membership with AGCU.
Learn More About Banking with a Purpose
Your Ultimate Pre-Vacation Checklist: Financial and Practical Tips
Your bags are packed, your itinerary is set, and you’re counting down the minutes until you take off for your dream summer getaway. Before you head out to the airport, though, read through this checklist of important things to remember, especially when it comes to your finances.
1. Notify Your Credit Union About Your Vacation Plans
Give us a call at 866-508-2428 before you set off on your vacay. Let us know your vacation destination so we can honor any card transactions you make while in another state. If you’re traveling overseas, ask us about foreign transaction fees and best practices for using cash and cards. We’ll help you make the best decisions for managing your money while you’re away.
2. Check Your Auto Insurance Plan
If you plan on renting a car, check with your auto insurance provider to find out if rental cars are covered in your policy. This can save you from purchasing unnecessary additional coverage. Contact AGCU Insurance to learn more about your insurance options
3. Pay Your Bills
Before heading out, make sure all of your monthly bills are paid up. You don’t want to be busy paying bills during your vacay or risk getting late fees. Log in to your AGCU account, or open one here to set up automatic payments for peace of mind.
4. Automate Your Email
Set up an automatic email response that lets people know you’re out of the office. This avoids appearing unprofessional or unresponsive and keeps your contacts informed.
5. Hold Your Mail
If you’ll be gone for a while, ask the USPS to hold your mail at the post office until your return. You can do this online and prevent your mailbox from overflowing.
6. Unplug Electronics
Pull the plug on all small appliances and electronics before you leave to prevent vampire energy leakage and potential fire hazards.
7. Clean Your Home
Before your departure, give your house a thorough cleaning. Dispose of any perishable food items from your refrigerator to avoid coming home to unpleasant odors. Consider eating or donating food that will expire while you’re away. You’ll be greeted by a spotless, clean-smelling house upon your return, and you’ll help avoid an invasion by ants or other critters.
8. Inform Your Mobile Service Provider
If you’re traveling abroad, check with your cellphone company about possible overseas service plans that allow you to use your smartphone for calls, texts, and internet access when on vacation.
9. Turn Off Your Water Supply
Avoid coming home to a flood by turning off your water supply before leaving. This simple step can prevent major water damage. This tip is especially helpful if you’re house is in a climate where pipes can freeze
10. Adjust Thermostats
If you have the AC blasting throughout the summer, remember to adjust your thermostat before leaving. Turning it off completely is unwise, as you’ll want some air to circulate to keep humidity under control and avoid mold growth. Also, set your hot water heater to vacation mode/setting.
11. Use a Timer for Lights
Keep the prowlers out by setting your lights to go on and off in different rooms and at different times of the day throughout your vacation.
12. Confirm Your Reservations
It’s a good idea to confirm your flight, hotel room, car rental, and attractions before setting out on your trip. This ensures you have everything in order and can avoid any last-minute surprises.
13. Exchange Currencies in Advance
If you’re traveling internationally, exchange some currency before you leave. This saves you from the hassle of finding a currency exchange service upon arrival and often provides better exchange rates.
14. Secure Your Home
Make sure all doors and windows are locked securely before you leave. Consider installing a home security system or using a security service to monitor your home while you’re away.
15. Inform a Neighbor or Friend
Ask a trusted neighbor or friend to keep an eye on your home. They can collect any packages, check your property, and ensure everything looks normal. Provide them with your contact information in case of emergencies.
16. Manage Your Subscriptions
If you receive any newspaper or magazine deliveries, pause these subscriptions to avoid them piling up and signaling to others that you’re not home.
17. Prepare for Emergencies
Leave a copy of your itinerary and important contact numbers with a trusted person. Make sure they know how to reach you in case of an emergency.
18. Double-Check Travel Documents
Ensure all your travel documents, such as passports, visas, and driver’s licenses, are up to date and easily accessible. Make copies of these documents and keep them in a separate location from the originals.
19. Check Weather Conditions
Check the weather forecast for your destination and pack accordingly. This can help you avoid unexpected weather-related issues and ensure you have the right clothing and accessories.
20. Pack a First Aid Kit
Include a basic first aid kit in your luggage. This should contain bandages, antiseptics, pain relievers, and any prescription medications you may need.
21. Back Up Important Data
If you’re taking electronic devices like laptops or tablets, back up important data before you leave. This ensures you don’t lose any vital information in case your device is lost or damaged.
23. Set Up Mobile Banking Alerts
Enable mobile banking alerts to monitor your accounts for any unusual activity. This allows you to quickly respond to any potential fraud or issues while you’re away.
24. Pack Smart
Make a list of all essential items you need to bring and check them off as you pack. Remember to include chargers for your devices, travel-sized toiletries, and any other necessities.
25. Review Health and Safety Guidelines
Check the health and safety guidelines for your travel destination, especially if you’re traveling internationally. Be aware of any vaccinations, health advisories, or safety concerns.
26. Plan for Pets
If you have pets, arrange for their care while you’re away. This could mean hiring a pet sitter, boarding them at a kennel, or asking a friend or family member to look after them.
By following these tips, you’ll be well-prepared for a relaxing and enjoyable trip. Safe travels!
Banking With A Purpose
Much more than a catchphrase, our tagline is our passion, our reason why we do what we do. This is the impact of your membership with AGCU.
Learn More About Banking with a Purpose
What is a Credit Report?
Your credit report affects a dizzying array of things that go on in your life, so you really need to know what it is and what affects it. We’ve got the total breakdown!
