Henry Molina">

Author: Henry Molina

Recent Posts

How to Improve Your Credit

If you aren’t getting approved for credit cards or loans, or aren’t getting favorable rates for financing, you might need to make some improvements to your credit score. Doing so takes a little time, but we have some tips that can help you along the way. Pay Your Bills on Time The single biggest influence…

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What Is Credit and Why Is It Important?

I recently had a conversation with a 25-year-old about the importance of building credit. He has a good job and is able to save an admirable amount of money each month. He has life goals, which include purchasing a home in the near future. But, he has never taken out a loan and doesn’t have…

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The Student Loan Moratorium Extension: How to take advantage and get ahead.

Following the declaration of the global pandemic in March of 2020, the Trump administration instituted a federal student loan moratorium that resulted in an immediate pause on student loan payments and interest accrual for federal student loans. Furthermore, federal loan servicers were prohibited from taking action on borrowers in default before the start of the pandemic. Learn more

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Funding Your Child’s College Education: Maximize Your Savings by Planning Ahead

Saving for a child’s college education is one of the biggest financial endeavors parents face today. Similar to building up a nest egg for retirement or purchasing a home, saving for college is a marathon, not a sprint. Tuition (and related expenses) continue to increase year over year with no end in sight, which means implementing a savings plan is more important than ever. Learn more

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Youth Financial Literacy: Give your kids a head start with their finances.

It’s that time of year again. Backpacks are lining the shelves, leaves are beginning to fall, and children are scrambling back to the normalcy of a daily routine. Back to school means back to learning, and whether your child is collecting coins around the house or experiencing the excitement of a first job, it’s never too early to start educating them about money. Read on to learn about ways you can help your child get ahead of their financial futures. Learn more

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Tips for Back-to-School Shopping: Maximize your savings.

Back-to-school season is upon us, and for many of us this means preparing for one of the busiest shopping times of the year. Keeping your spending under control can be difficult in today’s economy, especially when it comes to your child’s needs. At Lafayette Federal, we want to help you support your family by offering these helpful strategies to best minimize costs while shopping for all your back-to-school needs. Read below to find out how to boost your savings and get the most out your school year. Learn more

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Eight Ideal Part-Time Jobs for Students: Give your child real world experience early on.

Being a student can be a lot of work. Finding the time to make money on top of other responsibilities can feel impossible, especially throughout the school year. Part-time jobs offer a valuable opportunity to earn on a manageable schedule and learn valuable life skills along the way. Whether your child is a high school senior or college sophomore, they can find ways to earn money. Read more to learn about eight ideal part-time student jobs your child should consider this year. Learn more

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