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Simplify and Enjoy Podcast

Oct 19, 2022

Are you frustrated with your bank? Are you getting hit with needless fees? Or feeling like you have to fight to get some good customer service?

Today, we're going to look at credit unions and we're going to see why they may be the right option for you.  

Why Where You Bank Matters

One of the most important decisions you can make with your money is choosing where you bank because it's the foundation of your family's finances. 

Ideally, you want a banking system that allows you to take care of your essential bills, save up for important goals, and set aside something for fun, like vacations.

As you heard in the teaser, though – that can be difficult when your bank is working against your best interest. 

The good news is that those banks that are on the news aren’t your only option. 

You can get better services and competitive rates by moving your money. One overlooked option that can give you both is switching to a credit union.

Joe Mecca from Coastal Federal Credit Union and I are discussing and answering some big questions families typically have about credit unions. 

Now, if you’ve been a part of this community, you already know Coastal Credit Union is a sponsor. However, you may not know that we have been members of Coastal years before they came on board here. 

I’ll include a link so you can hear the details, but a very long story short, we had been burned and were frustrated by our old bank, which happened to be one of the big banks. I’m almost embarrassed at how long we waited, but finally, we had enough, so we looked for other options. 

Eventually, I discovered Coastal and yeah, it’s been like night and day. We've been happy with their service. I’d like you to have the same win.

Whether you're in this area and you use Coastal, some other credit union, or a different banking option, the key thing is I want you to review your finances and make sure you're happy with whoever you decide to bank with.

In this episode, we’ll get into:

  • How credit unions work
  • Benefits of being a credit union member
  • How Coastal works for the community

We have a lot to cover, so let’s get started! 

Resources to Easily Manage Your Money

Your money should be working as hard as you, but managing it should be easy. Here are some of my favorite tools and resources to stay on top of your finances!

Thank You to Our Sponsor Coastal!

thanks to our podcast sponsor Coastal Credit Union. If you want to live better, you have to bank better!

Support for this podcast comes from Coastal Credit Union! Come check out Coastal today if you’re living in the Raleigh Durham area and looking to bank better.

As a credit union, Coastal serves its members first and foremost including an annual loyalty bonus.

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit of an IRA is choosing how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start to finish – for FREE and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!