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Welcome to the Financial Wellness Center

New resources each week for the South Metro Federal Credit Union community.

This Week

Setting Your Financial Priorities

A look at the factors influencing how we spend and save money.
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Explore topics and videos from the South Metro Federal Credit Union team.

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Choices About Money

10 minutes

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Financial decisions almost always involve a trade off - getting something now usually means giving up something else.

  • Choices About Money
    Financial decisions almost always involve a trade off - getting something now usually means giving up something else.
  • Your Financial Values
    While each of us may have different values, we all make financial decisions based on them.
  • Setting Financial Goals
    Setting financial goals gives us the chance to step back from everyday pressures, allowing us to think about how we’d like to be rather than as how we are.
Dad tossing baby in air.

Having a Baby

26 minutes

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A look at the financial challenges of raising a child.

  • Introduction
    Having a baby is not just a family decision, it's a financial decision too.
  • Babies and Budgets
    How to get your finances in shape before a baby arrives, including a budget review, paying down debt, making sure you're getting the best on any long-term debt, and creating an emergency fund.
  • Paying for the Baby Years
    The non-childcare costs you can expect when having a baby, from cribs to health insurance.
  • Managing Risks
    Life is filled with unexpected events. Learn how to ensure the financial security of your child in the worst case scenario.
  • Children and Taxes
    A review of the tax benefits that can help you manage the expenses incurred with children.
  • Childcare Choices
    An overview of different childcare choices and the financial implications of each.
  • Growing Up - Childhood and Beyond
    A look at the additional costs of raising a child beyond the first few years including the indirect costs.
Man in shirt and tie rubbing eyes under glasses. Tired.

Recognizing Financial Problems

14 minutes

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One in five Americans have bad credit, which is commonly defined as a credit score below 620.

  • Understanding Chronic Debt
    Spotting the warning signs of excessive debt.
  • Recognizing the Warning Signs of Financial Trouble
    An introduction to the steps you can take to begin dealing with financial problems.
  • Debt Management and Reduction
    Whether you do it yourself or work with a credit counselor, creating a debt reduction plan is an important first step for those with financial trouble.
  • Repairing Credit
    There are no quick fixes when it comes to removing negative items from your credit report or raising your credit score. Only consistent efforts and payments on your debts will improve your credit.
Miniature house, gold coins, car protected with black umbrella

Understanding Insurance

23 minutes

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Understanding the common types of insurance, including auto, renters, health, plus more.

  • Insurance
    Understanding how insurance plays an important role in our financial lives.
  • Auto Insurance
    A review of the major types of auto insurance, factors influencing cost, and choosing a policy that's right for you.
  • Life Insurance
    Who needs life insurance, types of policies, and how to determine coverage.
  • Renter's Insurance
    Understanding the benefits (and potential pitfalls) of this type of inexpensive insurance.
  • Health Insurance
    The various health insurance choices.
  • Disability Insurance
    The benefits and costs of these often complex policies.

About South Metro Federal Credit Union

Our suite of Financial Education Services (FES) is founded on providing a thorough education and consistent guidance with a confidential personal representative. With this relationship in place, we’ll work with you to determine your broad goals and set tactics for direct outcomes that build credit and help manage debt. We’ll empower you with the mindset, tools and products it takes to make an impact on your financial health.


A photo of Alyssa Walford.

Have a question? Contact Alyssa Walford at:

952-358-9738
fes@southmet.com

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