HPAL Tip of the Week: The Island Approach.
The Island Approach is a personal finance technique based on the theory of compartmentalization. With the Island Approach, consumers isolate various financial needs – as if they are a chain of related islands. For example, this might include getting one credit card for everyday purchases that is paid off by the end of each month and another for revolving debt. For more on this topic visit Wallet Hub.
This is the second tip in a series of New Year’s financial tips that will run through the month of January.
You are encouraged to use these weekly tips on your website, social media pages or in other communication with your members to illustrate one more way credit unions help people afford life. If you have a tip you would like to share with the HPAL Listserve, please email to firstname.lastname@example.org. When sending an email it is sent to everyone on the list.