Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Mich. Young & Free 'spokester' featured in Detroit Free Press
DETROIT (6/27/14)--In a story about the contradictions of millennials' financial habits, the Detroit Free Press drew upon the expertise of Ebeth Fielder, the "spokester" for Young & Free Michigan.
 
Fielder told the paper's personal finance columnist, Susan Tompor, that she thinks young consumers can save money--if they re-evaluate their spending habits.
 
As a spokester for Lathrup Village-based Michigan First CU's program, Fielder said one of her goals is to help young adults map a route through their finances. One trick she uses to control her urge to shop is to compare how many hours she'd have to work to pay for clothing or shoes.
 
Take the example of a "bargain" pair of shoes. At 50% off, those $40 shoes may seem like a deal.
But, Fielder advised, you might stop and consider how much your daily wage is. "If you're earning $10 an hour, you could ask if the shoes are really worth four hours of my time--or half of a regular work day?" she said.
 
The article also noted that depending on the survey, "millennials either are 'super savers' with an eye on retirement or so dogged by debt that they don't know which way to turn."
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago