skip to main content
skip to newscasts

Wednesday, May 22, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

FERC rule to spark energy transmission building nationwide; Rudy Giuliani pleads not guilty to felony charges in AZ election interference case; new digital tool emerges to help MN students with FAFSA woes; WY governor to talk property tax shifts in a TeleTown Hall.

view newscast page
play newscast audioPlay

Israel's Prime Minister calls the new ICC charges unfair. Trump's lawyers found more classified documents in Mar-a-Lago, months after an FBI's search. And a new report finds election deniers are advancing to the fall election.

view newscast page
play newscast audioPlay

Americans are buying up rubber ducks ahead of Memorial Day, Nebraskans who want residential solar have a new lifeline, seven community colleges are working to provide students with a better experience, and Mississippi's "Big Muddy" gets restoration help.

Expert offers tips for a stronger financial year ahead

play audio
Play

Monday, March 4, 2024   

Debt in North Carolina and across the nation is rising and experts are offering tips to help people to make a shift in their finances.

The average person in North Carolina has more than $96,000 in debt across student loans, car loans, credit cards and other types of personal loans.

Joe Mecca, vice president of communications for Coastal Credit Union in Raleigh, said if you haven't already, now is the best time to tackle financial tasks to help tackle debt and strive for financial security.

"Setting goals, doing some planning and creating or maintaining their budget," Mecca outlined. "They're getting ready to maybe purchase a home, and need help with the homebuying process. Or, they're trying to plan for retirement or saving for education. And then, a growing trend that we're hearing more and more about is financial caregiving."

He explained thinking about your financial obligations at the beginning of the year is key when building your financial plan. He advised starting with the basics and increasing your knowledge along the way. He also recommended seeking out a professional who can help guide the process.

A recent study from WalletHub found North Carolina was among 18 states seeing an increase in personal debt last year.

To bring your financial situation under control, Mecca emphasized it is important to spend less than you earn, having a clear understanding of your income and expenses, and always prioritizing living within your means. He pointed out automation is one way to do this.

"One thing I always recommend to people is, automate as much as you can," Mecca explained. "When you get your payroll deposited into your account, immediately do a transfer into savings if you're trying to reach a goal, or make a transfer into a loan that you're trying to pay down, transfer into a retirement account."

He suggested another thing you can do is find ways to increase your knowledge about money overall, and checking with your financial institution can be a good resource. For instance, he noted Coastal Credit Union has a self-help hub offering interactive modules, covering topics from basic financial planning and budgeting to advanced subjects such as homeownership, investing and retirement.


get more stories like this via email

more stories
Marine research on a recent expedition off of Santa Cruz Island in Southern California mapped the habitat of red gorgonian coral, sea stars and sheepshead fish. (Danny Ocampo/Oceana)

Environment

play sound

Marine researchers just wrapped up the first of three ocean expeditions off the coast of Southern California to map the biodiversity and support effor…


Social Issues

play sound

Michigan's population has hovered around the 10 million mark for the past 20+ years, but the state's latest report outlines projections of a …

Health and Wellness

play sound

More skin cancers are diagnosed than all other cancers combined and one in five Americans will have some type of skin cancer by age 70. As outdoor …


The current lack of cohesive planning has made building new transmission lines difficult, prompting FERC's new rule. (Gregory Johnston/Adobe Stock)

Environment

play sound

A new step from the federal government takes a step toward modernizing the process for building energy transmission lines - while also protecting wild…

Health and Wellness

play sound

North Carolina's maternal death rate is higher than the national average and cardiovascular disease is the leading cause of death among new moms in th…

According to various tracking organizations, 47% of FAFSA applicants are first-generation college students. (Adobe Stock)

play sound

The effect of technical glitches in overhauling the student financial-aid form known as FAFSA is still being felt. Issues stemming from a redesign …

Social Issues

play sound

A newly passed Connecticut bill will modernize the teacher certification process. House Bill 5436 is expected to make it easier for educators to …

Social Issues

play sound

Gov. Mark Gordon will address Wyomingites this week to detail new avenues for property tax relief. Following the pandemic, property values in …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021