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A summer job is a great way to make money and save for a car, college tuition or a special summer vacation. Finding a job when you are young and may have less experience can be challenging.…

article preview image Summer Job Search Playbook

A summer job is a great way to make money and save for a car, college tuition or a special summer vacation. Finding a job when you are young and may have less experience can be challenging. Use this playbook to help guide your search and give you the greatest chance of scoring that sweet summer job.

Job search checklist

Before you start searching, prepare by gathering references, creating a resume and identifying skills that are valuable to potential employers.

Resume: A resume is a document that you create to highlight your achievements, education, work experience and skills. If this is your first job, look for other experiences, such as volunteering, babysitting or participating in school activities to beef up your resume. While many jobs might only require a job application, a well-crafted resume can set you apart from other job applicants in a tight job market.

References: References are people you identify to vouch for you. Think of people outside your family, such as teachers, ministers, coaches or neighbors who would recommend you to a potential employer. Make sure you ask them for permission before you add them to a resume or job application.

Skills: Employers look for transferable skills — so-called “soft skills” — that apply to many jobs. For instance, if you played a team sport, your ability to think fast and work with a team can translate to working in a fast-paced environment like a restaurant or a fast food kitchen. Identify your skills so when you go after a particular job you can list the ones that apply.

Finding a job

When the job market is tight, you may have to get creative about finding a job. Here are some tips to help you search:

Check out seasonal work. Local parks and pools are great places for students because their work ramps up during the summer. You may be able to find work on golf courses, doing landscaping, being a lifeguard or as a summer camp counselor.

Work where you shop. Look for jobs where you shop or at stores that cater to your interests, like a skate shop or cosmetic store. A retail job can provide great experience and a discount on things you like to buy — just don’t forget to save some of that paycheck!

It’s who you know. Having a connection to a current employee is one of the best ways to find a job. Ask your family and friends if they know of any jobs where they work. If they do, give them a copy of your resume to share with the appropriate person.

Work from home. Virtual jobs expand your job search to anywhere on the internet. Opportunities include becoming a virtual tutor, getting an online internship or setting up an online store to sell handmade goods or used items.

Finding a job is one of the toughest jobs there is, so don’t get discouraged. Once you do score that summer gig, set up a Dinero Teens checking account at Advancial to make the most of your hard-earned cash.

Understanding your employee population helps you target and assist varying degrees of financial life-stages, personality types, behavioral influencers and current needs. According to the U.S…
article preview image Young accumulators in the workplace

Proactive steps to protect the financial wellbeing of tomorrow's worker

Understanding your employee population helps you target and assist varying degrees of financial life-stages, personality types, behavioral influencers and current needs. According to the U.S. Bureau of Labor Statistics, workers between the ages of 16-34 will make up 33% of the labor force by 2030. During this time of life, many workers are engaged in the day-to-day process of earning a living, increasing wage growth and building toward a future. They are saving for both short and long-term goals while also focusing their efforts on accumulating and converting their earnings into assets.

These workers are referred to as accumulators. Accumulators value personal time and want to enhance their quality of life and that drives most of their financial decision making. The challenge of juggling work demands while nurturing family and friend relationships leaves little time for them to focus on their personal finances.


And that can be the fundamental financial literacy gap: the expectation of financial independence before understanding how to apply financial principles to meet their goals. Young workers need access to easy-to-understand and actionable financial information at an early age so they can be a prepared and informed consumers - of not just goods and services, but also financial products.
 
What are the fundamentals? And where should young professionals start?
  • Manage cash flow - Set a budget (assign a dollar to everything), “pay yourself first”, understand a “need” versus a “want”
  • Avoid debt as much as possible and learn to manage “good” debt versus “bad” debt
  • Concentrate on behaviors - set a framework for good decisions; “know thyself”, and play to your strengths
  • Automate finances to avoid missing payments and to consistently save or invest
  • Avoid pitfalls - Don’t fall for financial trends or succumb to materialistic instincts
  • Seek professional financial advice
  • Think about why you have money, why you spend it, and visualize how money can be a constructive tool on your way to achieving your life’s goals
When working with a services provider to offer financial wellness, ensure that employees in this age group receive relevant content to support the Pillars of Financial Planning--“BPI”: Budgeting, Protecting, and Investing. Focusing on these well-established foundational concepts will position this growing employee population for long-term financial health and success.
 
Tired of carrying around a wallet stuffed with cards? Don’t like waiting for a chip card to process? Worried about the germs on the payment terminal? Try using a mobile wallet!
article preview image Mobile Wallets Provide a Contactless Way to Pay

Tired of carrying around a wallet stuffed with cards? Don’t like waiting for a chip card to process? Worried about the germs on the payment terminal? Try using a mobile wallet!

What’s a Mobile Wallet?

Your smart device can do more than manage your financial accounts and make mobile deposits. Another tool at your disposal is the mobile wallet. You might have heard of mobile wallet apps such as Apple Pay®, Google PayTM or Samsung Pay®. These special apps can hold digital versions of your compatible credit and debit cards so you can use your smartphone or smartwatch to make purchases in-store or online – simply look for the logo of your mobile wallet or the contactless symbol. It’s a fast, secure and convenient way to pay.

The Benefits of Mobile Wallets

Mobile wallets come with a few advantages over their plastic counterparts:

  • Payments are made in seconds by tapping or waving your smart device over the payment terminal.
  • They’re more secure, for multiple reasons. One is that while it’s easy for someone to use your card if you lose it, it’s much harder for someone to use a mobile wallet on your lost (and locked) phone. Additionally, mobile wallets send a secure, single-use signal every time a payment is made, which isn’t useable even if intercepted by a thief.
  • Millions of retail locations let you pay with mobile wallets, with more adding compatibility each day.

Add Us to Your Mobile Wallet!

If you’re an Advancial member with an Ultimate Checking account, you can add your debit card to your mobile wallet and enjoy the fantastic benefits of your card alongside the security and convenience of your mobile wallet. Plus, if you have a Visa® Rewards Plus credit card, you can add it to your wallet and enjoy the flexibility of choosing the right card for the right moment. Learn how to add your Advancial cards to your mobile wallet.

 

You would never run a marathon without building up the strength, endurance and mental stamina needed to cross the finish line. Reaching fitness goals requires training and dedication. The…

article preview image Get Fit, Financially

You would never run a marathon without building up the strength, endurance and mental stamina needed to cross the finish line. Reaching fitness goals requires training and dedication. The same is true for financial fitness. If you have financial goals, you’re much more likely to reach them if you acquire and practice the fundamentals of financial fitness.

Set a training plan with a sound budget. Creating a budget is an important step because it helps you to understand where your money comes from and how you spend it. Once you understand your finances you can make choices that help you reach your goals.

  • Fitness tip: Tackle one adjustment at a time. If you’re trying to save money, begin by looking for ways to cut spending that you won’t notice like canceling unused subscriptions. Once you gain a little momentum, try setting up direct deposit from your paycheck to a savings account at Advancial.

Build strength by improving your credit score. A strong credit score is important to your overall financial health. Your credit score is a number based on your credit history. The score, tabulated by three major credit bureaus – Equifax,® Experian® and TransUnion® – is based on aspects of your financial history like paying bills on time, how much money you owe and how many credit cards you have. A good credit score gives you more power to finance major purchases such as a car or home.

  • Fitness tip: You can view your credit score free of charge every year from each of the three credit bureaus. Check your credit report for discrepancies and look for ways to improve your score.

Increase endurance by paying down your debt. Sometimes borrowing money is necessary but debt, especially if it’s held on a high interest credit card, can keep you from going the distance.

  • Fitness tip: One strategy to pay down debt is to transfer high-rate credit card balances to a new credit card with a lower rate and 0% interest period. With VRP from Advancial, there’s no balance transfer fee and you’ll get 0% interest for the first 12 months. After that, you’ll enjoy a low rate of 8.90% - 14.90% APR based on credit worthiness.

Improve your flexibility with an emergency savings account. An emergency account gives you the flexibility to clear unexpected financial hurdles. Experts recommend you save enough money to cover your basic living expenses for three months.

  • Fitness tips: Consider this recommended amount as a guideline, but any amount of savings is better than nothing. Start building slowly and work toward a goal that you are comfortable with.

When working on your financial fitness goals, remember you have many resources to help you at Advancial. Visit advancial.org to learn more.

This year, skip the malls and enjoy the benefits of holiday shopping from home. Shopping online for holiday gifts can save you time and money – and help you earn rewards. Here are…

article preview image Shop safe, save and reap the rewards
Tips for online shopping

This year, skip the malls and enjoy the benefits of holiday shopping from home. Shopping online for holiday gifts can save you time and money – and help you earn rewards. Here are some tips to shopping safely, saving money and getting rewarded for your efforts.

Security first

Before you start loading up your virtual shopping cart, here are a few tips to help ensure your online security.

• Update your software, apps and browsers. Security fixes are often part of updates, so sign up for automatic updates to stay secure.

• Shop on known and trusted retail sites. If you’re clicking through to an online store from an email or social media ad, check the URL. Legitimate sites typically include a lock icon and start with https://, which means they’re encrypted.  

• Only shop over a secure and private Wi-Fi connection.

• Pay with a credit card and check your statements carefully during the holidays for any fraudulent charges.

Save while you shop

Doing your holiday shopping online has some natural cost controls built in: you save on gas, avoid the food court and bypass the temptation of impulse buys waiting in line. Here are some other ways you can save money while you shop online.

Research and compare prices. One of the benefits of online shopping is that comparison shopping doesn’t mean running around town – answers are just a few clicks away. You can even use a browser plug-in like PriceBlink, an extension that pulls pricing from many online retailers to show you price comparisons on items while you shop. The larger the ticket item, the more time you should spend researching.

Sign up for emails or other promotions to save. Many retailers offer a discount on your first order after signing up for email promotions. You’re likely to score additional savings through follow-up emails.

There’s an app for that. Look for money-saving apps like Honey, which applies online coupons to your purchase, or Rakuten, which offers cash back on purchases. There are even apps to help you shop on specific sites like Amazon, such as CamelCamelCamel which will provide you with price tracking and low price alerts.

Earn rewards

With rewards, your gifts keep on giving. Use your Ultimate Checking debit card and earn one reward point for every $5 spent on all non-PIN transactions. Shop with your Visa® Rewards Plus credit card to purchase gifts online and earn one point for every dollar spent. Plus earn up to 1.5% on every purchase when you make more than 25 purchases or spend more than $2,500 during that billing cycle. Points can be used on cash back, merchandise, dining and travel from national retailers through the Advancial Rewards program.

Amplify Your Rewards

Earn bonus points at participating retailers by using your Advancial debit card or Visa® Rewards Plus credit card!

With Ampre card-linked offers, thousands of online and in-store bonus point offers are already linked directly to your card. Simply use your Advancial debit card or Visa Rewards Plus credit card at participating retailers and you’ll automatically earn points.

Learn more about Advancial rewards at www.advancial.org/rewards.

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Make a Plan to Reach Your Financial Goals
Think about your financial goals for a moment. Do you picture yourself buying a home or taking a much-needed vacation? Are you focused on building a financial safety net or saving for retirement? Although challenges and setbacks may throw yo…

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are you ready for a checking account

Are you ready for a checking account?

A checking account is an essential part of managing your finances and adulting. It’s useful for paying bills, depositing checks and keeping track of your money. Checking accounts come with a debit card for convenience, so there’s no need to carry a checkbook. You can also use mobile banking to deposit checks remotely and manage your account balance on the go.

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young girl painting a wall blue

Home Improvement Hacks

You don’t need to spend a fortune to give your house a new look this spring. Read on for a list of home improvement hacks and learn how to upgrade your home on a budget. 

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5 Ways to Save on Vacation Transportation Costs

Steep cab fees and car rentals are some of the best ways to kill a vacation budget. Read on for five ways to get around for less while on your dream vacation. 
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