 Your Most Treasured InvestmentCongratulations, you have a new baby! The US Department of Agriculture (USDA) estimates that from birth to age 18, your bundle of joy will cost well over $100,000 to raise! That doesn’t even include college! But with some planning, having a family doesn’t have to break the bank.Start by opening a savings account for your baby and we will deposit $25 to the account as a Welcome Gift. Just be sure to open the account before your baby is one year old (subject to 1099 reporting). Those small cash gifts that children receive for birthdays and holidays add up fast! Why keep them in a piggy bank when they could be earning interest? Once your child reaches 10 years old, they can take advantage of our Starter CD. Also, it’s never too soon to start saving for college. Talk to the MEMBERS Financial Services representative about college savings plans for them and retirement funds for you. Once you have kids, it’s all about them but you have to remember to save for your future as well! Having a family also dramatically affects your living situation. You may be buying your first home or maybe you are rapidly outgrowing your existing home. No problem! We have competitive rates on mortgages and home loans, so if you’re buying a home, or adding on to the one you’re living in, we have the right loan for you so you’ll have a little left over for baby clothes and strollers! A growing family needs more space to live – and to get around. At some point that sporty mid-size will no longer do and you’ll need something more family friendly - maybe even that one you swore you’d never buy but now know you can’t live without – the mini van! No matter what vehicle works best for you, Auto Advisors will help you shop for the best deal available and we’ll back it up with a low rate auto loan. Don’t forget to consider your insurance needs as well. Talk to our representatives at Insurance Center of New England (ICNE) about your home and auto plans and the MEMBERS Financial Services representative about life and disability insurance to make sure your family is adequately protected. Contact us or give us a call at 1.800.942.9575 for more information. |
