Skip to Main Content Skip to Sitemap Skip to Online Banking
placeholder for jump to top link
Managing the largest expenses in life requires the most planning.

Affording Major Expenses

Dig into the details.

Buying a Vehicle

Most likely, your vehicle is one of the important tools in your life. That's why it's so important to find the right one for your budget and particular needs.

  • Use online resources to research vehicle values, analyze safety ratings and read reviews
  • Get prequalified through Credit Union ONE to know how much you can borrow
  • Take a look at your monthly expenses to make sure you get a loan that fits comfortably within your finances

Purchasing a Home

Gather as much data as possible to help you find the right fit for you, your family and your finances.
Differentiate between your needs and your wants
  • Consider hiring a real estate agent to aid in your search and always ask questions
  • Conduct online research about the neighborhood, local school system and other features
  • Avoid becoming too emotionally attached to a particular home

Renovating a Home

Finding the right fit in a contractor requires careful attention. And paying for those improvements requires some planning, too.
  • If you need to find a contractor, get referrals from trusted sources
  • Make sure you understand all of the details in the proposal, including costs and timeline before signing
  • Don't be afraid to ask questions; after all, you'll be living with the final results and final bill
  • Consider using your home's equity to finance your renovations, whether it's a line of credit you can access over time or a lump sum loan when you know exactly how much money you need

Planning a Vacation

Even if your next trip is several months away, it's best to start planning now by setting aside some extra money.
  • Get a general idea of the cost of your vacation
  • Analyze your finances and see how much extra money you can set aside each week
  • Stay disciplined and make regular deposits into a savings account designed specifically for your trip

Paying for College Education

Saving for higher education is similar to saving for retirement - the sooner you start, the better, but it's never too late to create your plan.
  • Consider state-sponsored college savings plans that can provide tax advantages
  • Look for other savings options that offer good returns and possible tax advantages
  • Maximize all of your scholarship, grant and federal student aid options

Preparing for the Unexpected

You can never prepare for every single possibility, but creating a savings cushion can help you address certain unexpected expenses so you're not automatically reaching for your credit card.
  • Consider setting a savings goal of six months worth of living expenses, which can help you absorb job loss and other big changes
  • Find savings options that pay the highest rates and let you access your money when you need it
  • Contribute to your emergency fund on a regular basis to keep it growing steadily
More Solutions