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Welcome to the Financial Wellness Center

New resources each week for the True North community.

This Week

Buying a Car

A car purchase is a high-stakes deal for just about anyone. This week, we'll cover strategies for finding the best car and successfully negotiating the best overall price.

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Budget Basics

28 minutes

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From setting goals to paying off loans, the basics of effective budget management.

  • Setting Goals
    Setting financial goals offers the chance to step back from everyday pressures, allowing us to think about how we’d like to be rather than how we are.
  • Debt and the Pressure to Spend
    It’s wonderful to have the freedom to buy so many products, but unless you’re rich, the key to happy spending is planned spending.
  • Nudging Yourself Toward Your Goals
    No matter what your financial goal, it's important to have an accountability system in place.
  • Introduction to Budgeting
    Why budgeting is important, no matter how much money you earn.
  • Income and Expenses
    A big part of budgeting is identifying income and listing expenses.
  • Making Sense of Your Budget
    After you've identified your income and tracked your spending, it's time to compare the numbers, gain perspective, set priorities, and make changes.
  • Tracking Your Spending
    Tracking your money can be a powerful way to spot unplanned spending.
  • How to Improve Cash Flow
    Cash flow is a key indicator of your financial health.
  • Money Saving Ideas
    Looking for ideas for ways to save money? Almost everyone can find a way to save using at least one of these tips.
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Buying a Car

26 minutes

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From choosing a make and model to financing a purchase, topics every consumer should understand when buying a car.

  • Buying a Car Introduction
    An introduction to the basics of this major purchase and responsibility.
  • Choosing a Make and Model
    A look at four important factors to consider when choosing a car: fuel consumption, insurance rates, reliability, and depreciation.
  • The Total Cost of Ownership
    Understanding the many costs associated with owning a car - from financing to taxes.
  • Buy or Lease?
    Understanding the pros and cons of vehicle leasing.
  • Financing a Car Purchase
    How a loan affects the total cost of buying a car.
  • Evaluating a Used Car
    How to "do your homework" before buying a used car.
  • Setting a Target Price
    How to set a realistic target price for both new and used vehicles.
  • Negotiating Price
    Know what to expect when negotiating the best deal.
  • Avoiding Surprises
    Think the negotiating is finished when you agree on a price? Here's how to negotiate dealer extras and extended warranty pitches.
  • Common Mistakes When Buying a Car
    Twelve common mistakes to keep in mind when shopping for a car.

Starting a Business

48 minutes

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Explore the process of starting a new business from estimating start up costs to hiring employees.

  • Is Entrepreneurship For Me?
    Entrepreneurship is the act of starting and running a business, which brings both potential benefits and risks.
  • Conducting Market Research for a New Business
    Market conditions play a crucial role in the success of a new business and involve factors such as consumer demand, competition, and economic growth.
  • Business Start-up Costs
    Starting a successful new business requires careful planning and budgeting of both one-time and ongoing costs.
  • Writing a Business Plan
    Creating a business plan is a crucial step for starting a new business, whether it is a small home-based operation or a venture-backed tech company.
  • Choosing a Business Name
    Choosing a business name is a critical step in starting a new company since it affects the company's brand identity, customer recognition, plus more.
  • Choosing the Legal Structure for Your Business
    The legal structure of a new business is an important decision with both tax and legal implications, so it's important to choose wisely.
  • Registering a New Business
    Starting a new business involves registering with state, federal and sometimes even local governments.
  • How to Finance a New Business
    Finding capital for a new business can be challenging, but there are a number of options to consider.
  • Business Cash Flow, Profit and Loss
    Understanding a business's financial cash flow and overall profit or loss is critical for ensuring its long-term success and financial stability.
  • Establishing Business Credit
    Business credit is a record of a company's financial history used to evaluate its creditworthiness.
  • Your Responsibilities as an Employer
    As an employer, there are several responsibilities you must be familiar with in order to avoid potential legal issues.
  • Business Taxes
    Understanding and managing taxes are key to every business owner or self-employed individual.
  • Buying an Existing Business or Franchise
    Buying an existing business or a franchise are two options for entrepreneurs looking to start a business quickly. Let’s explore the potential pros and cons of each option.
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Workplace Transition

27 minutes

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Key topics for those transitioning from school to the workplace.

  • From College to the Workplace
    No matter what your financial outlook is after leaving school, the concept of financial health is an important step toward long-term financial success.
  • Salary Expectations Versus Reality
    Most young people tend to overestimate their starting salaries.
  • Earning a Paycheck
    A brief overview of common paycheck deductions and how to increase earning potential.
  • Employer Benefits
    There are four main types of employee benefit programs: health insurance, retirement plans, tax-advantaged savings, and supplemental benefits such as life and vision care insurance.
  • Making Decisions About Employee Benefits
    Employee benefits vary between employers, so it’s up to the employee to make the most of whatever benefits are offered.
  • Day One of a New Job
    First impressions are important. New employees should take the time to prepare for the first day to ensure that they start off on the right foot.
  • Time Management
    To be successful in today’s workplace, you need to know how to manage the limited amount of time you have to accomplish all of your tasks.
  • The Concept of Professionalism
    Being a “professional” paves the way for both current and future success, no matter what career you choose. Professionalism requires you to draw upon a set of skills that may seem outside the specific skills required for your job.
  • Networking in the Workplace
    Effective networking can lead to success in your career both now and in the future.

About True North

When you choose a financial institution, you want to know they're always prioritizing your needs. True North Federal Credit Union is dedicated to your financial well-being while providing convenient access to valuable products and services. We look forward to working with you.

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