Prime

… as the shoppers rush home with their treasures. Yes, it’s the most wonderful time of the year, the “giving season.” But while all the holiday cheer surrounds you, be sure collecting and passing out all those treasures doesn’t get out of hand and leave your budget like so much tattered wrapping paper under the tree.

A recent Consumer Reports poll of 1,000 Americans showed only 38 percent of consumers made a budget for holiday spending last year. Of those, 44 percent exceeded it; five percent said they went “way over” their budget. Even more disturbing, six percent of those surveyed (a nationwide translation of over 13 million shoppers) are still paying off holiday debts from last year! 

Have you ever wondered why you use money in a particular way? For example, maybe you’re the type of person who overanalyzes every purchase even though you have plenty in savings. Or maybe you can’t seem to say no to your teenager’s request for a new computer when you’re losing sleep over the amount of your credit card debt. Many people find themselves stuck in an illogical pattern with money, but why?

It’s what’s known as your money personality, or a powerful set of ideas formed early in a person’s life that govern spending, giving and investment decisions.

Since the launch of our new MyVantage online account management system in April, many members have asked for a mobile banking solution. We're now very excited to introduce the first-of-its-kind banking solution via Twitter.

Introducing tweetMyMoney, available exclusively to Vantage members!