La Cap in the News

For many young adults — the groups people today often refer to as “millennials and Gen Z”— the idea of a credit union as part of their money management strategy can be confusing. Here are three reasons why credit unions are a better fit for young adults — and how switching could benefit you.

If you’re considering purchasing a home, you’re likely beginning to realize you need a good chunk of change to do so. The standard amount for a home’s down payment is generally 20% of your home’s purchase value—and that’s not considering the additional closing fees you’ll also have to pay. Here are a few upsides and downsides to consider.

How much money do you need to survive financially if something happens? Do you know? If you don’t, you’re not alone. Learning how to save—and how much you really need to save—is key to financial stability and a money management essential, especially for young adults just getting their footing in a shaky economy.

When preparing to purchase a new home—maybe even your first home—it’s important to understand the different types of mortgage loans available to you. Each type has its own stipulations, and not all of them may apply to your financial situation.

In the adult world, there’s no bargaining with a pay stub, and costly mistakes can be difficult to reverse. However, if you start cultivating your resources now, you’ll be able to build wealth and control your financial destiny. Explore these 10 financial practices that every young adult should do to manage their money properly to get started.