Grow Financial Federal Credit Union on LinkedIn: What are your good financial habits? “Every day you delay planning and… (2024)

Grow Financial Federal Credit Union

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What are your good financial habits? “Every day you delay planning and contributing toward your retirement is less money you will have during your retirement, so I make it a priority to save. Don't delay — start saving today!" — Lionel Shipman, Grow team member

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    Say hi to Marlene, Relationship Specialist at our newest Grow store located in the West River area of Tampa at 1701 N. Oregon Avenue. Marlene is ready to help you grow your dreams! Stop by to meet her and the rest of our West River team. 🌱 Learn more at https://lnkd.in/g9D3khrK.

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    Business Member Highlight: Meet Folklore Film Co. https://www.growfinancial.org

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    What are your good financial habits? “If I see the money, I will spend it! So, I set up a completely separate Money Market Account that I only transfer money into. Every time I get paid, I transfer $100 into it and then forget about it. That way, when something happens in my life, I have a reserve set aside that 'I didn’t know was there.'" — Mary Rifenburg, Grow team member

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    Meet Tiffany Miranda, proud mother to four-year-old twins, Khaleesi and Kehlanni, and now a new homeowner, thanks to Habitat for Humanity, Grow Financial, community partners and volunteers. 💚 Tiffany said, “I am truly grateful for this opportunity. You have no idea the blessing this opportunity is for me and my family." We're so glad to have helped your family, Tiffany! Learn more at https://lnkd.in/gRfFVuQ5.

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    Meet Nathaniel, Relationship Specialist at our newest Grow store located at 1701 N. Oregon Avenue in the West River area of Tampa. Stop by and say hi! Nathaniel looks forward to helping you achieve your financial dreams. 🌱 Learn more at https://lnkd.in/g9D3khrK.

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    We had the pleasure of welcoming students from the University of South Florida Bulls Business Community to our headquarters for an inspiring networking event. Our team members enjoyed connecting with such a talented group of future leaders and innovators. We’re excited about your bright futures!

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    Meet Johanna and Kamilah Matute, one of four families who've recently moved into a brand-new home, thanks to Habitat for Humanity, Grow Financial and community volunteers. 💚 Johanna shared, “By their willingness to give time and dedication, they are also making our life better and contributing to our success." We're so glad to have been of service, Johanna! Learn more at https://lnkd.in/gRfFVuQ5.

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    We’re here to make things grow — people, communities, money and dreams. Hear from Krystal, our West River Market Manager, about how she and her team focus on making an impact for underserved and unbanked people in Tampa.

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Grow Financial Federal Credit Union on LinkedIn: What are your good financial habits? “Every day you delay planning and… (2024)

FAQs

What financial habits determine your credit score? ›

Payment history counts more than anything else in calculating your credit score. Missing just one payment or having a few late payments can impact your score, so pay all your bills on time every month, even if it's just the minimum. Many creditors let you sign up for automatic payment reminders.

Who is the CEO of Grow Financial? ›

Thomas Feindt, Grow Financial Federal Credit Union: Profile and Biography - Bloomberg Markets.

What is a good habit to get into regarding your credit score? ›

Pay your bills on time

Prioritize and schedule your monthly payments, making sure to pay at least the minimum payment on time every month on all your accounts. Try to pay more than what's due whenever possible. This helps to pay down debt faster, save on interest expense and may improve your credit score.

How would you evaluate your spending habits? ›

Once you've totaled up your yearly income and expenses, subtract the expense total from the income total to get the difference. It's a simple step that can reveal a lot about your spending habits. If the result is a positive number, congratulations – you're spending less than you earn.

What are the 5 major things that determine a person's credit score? ›

Credit 101: What Are the 5 Factors That Affect Your Credit Score?
  • Your payment history (35 percent) ...
  • Amounts owed (30 percent) ...
  • Length of your credit history (15 percent) ...
  • Your credit mix (10 percent) ...
  • Any new credit (10 percent)

What 5 things is your credit score based on? ›

The primary factors that affect your credit score include payment history, the amount of debt you owe, how long you've been using credit, new or recent credit, and types of credit used. Each factor is weighted differently in your score.

What 4 things do the credit bureaus look at when determining your credit score? ›

FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

What financial behaviors will typically lead to a low credit score? ›

Payment history determines 35% of your FICO® Score. Late payments signal high risk to potential creditors. Even one 30-day late payment can hurt your credit score. On-time payments are essential to good credit health.

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