Saving Money on Your Child’s Extracurricular Activities

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When the neighborhood kids start putting on shin guards and lacing up their cleats for their first soccer game, your child might want to join in too. These extracurricular activities are a great way to get children involved with peers their age who share similar interests and often come with newfound excitement – but they also come with extra costs. Although creating these memories for your child is priceless, they don’t have to crush your budget. Keep reading to learn five tips for saving money on your child’s extracurricular activities without compromising on their experience.

1. Set a Budget

The costs of extracurricular activities can add up fast, so it’s important to come up with a budget before enrolling your little one in any and every activity that catches their eye. This budget should include more than just the registration fees of the teams they wish to join, as the costs don’t stop there. Do some research to find the final sticker price, including hidden costs like equipment, uniforms, and travel. This can help you manage your budget (and ensure it doesn’t take you by surprise) and stick to spending only what you are comfortable with.

2. Rank Activities

Help your kiddo rank the activities they want to try and enroll them in the one or two they marked the highest to start. Not only will this help you save on costs, but it will encourage your child to identify the activities they are most passionate about and prevent them from becoming overscheduled. Overscheduling your little one can put a strain on your wallet, as well as take time away from other important activities – like schoolwork and spending time with family and friends.

3. Find Activities Offered Through the Community or Local Schools

Many counties and townships offer activities at discounted rates to members of the community. Be sure to check out your local and state park system, library system, and community or recreational centers to see what they are offering. For example, your local library might host a free youth book club that would be well-suited for your little book worm.

Furthermore, encourage your child to explore different after-school clubs and activities that are offered at their school. Oftentimes, these clubs and activities are free or inexpensive to join.

4. Buy Secondhand Gear

Enrollment fees are just the tip of the iceberg when thinking about the cost of extracurricular activities. They often don’t include the costs of uniforms or equipment that your child will need to actually do the activity.

Buying secondhand gear from an athletic or thrift store can help you save. You can also find secondhand gear on online marketplaces, such as your local Facebook Marketplace, Nextdoor, or eBay. Additionally, if you know someone whose child used to participate in the activity or may have outgrown their gear – you can ask if they are willing to sell or donate the used equipment to you. You can also consider posting your inquiry to a local community board or group and see if anyone is able to help.

5. Find Creative Ways to Get Discounts

Many leagues and organizations offer discounts to parents and guardians who volunteer their time to their child’s team. Whether you volunteer to be the “team parent” and organize team-bonding activities, manage or coach the team, or help in another capacity – the time and commitment you give may earn your child a discount.

Another way to try and find a bargain is to register your child for their activity as soon as the registration window opens. Several leagues and organizations offer discounts if you are one of the first to register or register within a certain timeframe. Although these discounts may not always be steep, every dollar counts.

With some planning and budgeting, you can help your child pursue their interests without letting your wallet take a hit.

If you’re looking for more money saving tips, subscribe to our First Scoop blog by entering your email address at the top right. And if you’d like some no-cost budgeting tools, be sure to check out our fillable PDF budgeting worksheet on our website, as well as our financial calculators.

Calls About a Loan You Never Applied For? What to Know

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Have you recently received a call (or many) claiming you have a pending loan application you never submitted? You’re not alone. Many consumers have reported getting these types of calls and while they might sound legitimate, they’re often a sign of a scam or an unethical sales tactic.

What’s Really Going On

If you’re getting calls about loans you never applied for, it’s usually one of two things:

  1. A scammer attempting to steal your personal information. These callers may say they need to “verify your identity” or “finish your loan application,” and ask for sensitive information like your Social Security Number, bank account details, or date of birth. Once shared, that information can be used to commit identity theft or fraud in your name.
  2. A high-pressure sales pitch from a questionable lender. Some companies use aggressive marketing tactics to contact consumers who never inquired about a loan, hoping to push them into accepting an offer on the spot. They may use phrases like “you’ve been preapproved” or “your loan is ready for funding,” to create a false sense of urgency.

Red Flags to Watch Out For

Be cautious if the caller:

  • Asks for personal information over the phone, especially if it’s out of the blue and you haven’t applied for any loans.
  • Pressures you to act immediately or threatens penalties for “not completing” your loan application.
  • Claims to represent a well-known lender, but can’t provide clear verification.
  • Uses generic or suspicious contact information (such as a Gmail address or a masked phone number).

What to Do if You Get One of These Calls

  • Hang up and don’t share personal information. Never confirm your identity or provide sensitive details, unless you initiated the call to a lender you are working with on a known loan application.
  • Verify directly with your financial institution. If you’re unsure, call your bank or credit union using a verified number from their website.
  • Report the scam. You can file a complaint with the Federal Trade Commission (FTC) at reportfraud.ftc.gov or your state’s consumer protection office.
  • Monitor your credit reports. Check your reports regularly for new accounts or inquiries you don’t recognize. You can do this for free at annualcreditreport.com.

Protect Yourself with a Trusted Lender

When you need a loan, always work with a reputable financial institution that prioritizes your safety and privacy. At First Financial, we’ll never contact you out of the blue asking for personal information or pressure you about a loan you didn’t apply for. Our team takes fraud prevention seriously and is here to help you navigate your financial needs with confidence.

Stay informed. Stay secure. And remember, when it comes to unexpected loan calls – it’s always better to hang up and dial your trusted lender directly, than to hand over your personal or financial information to a fraudster.

If you’re ever unsure about a loan offer or you’d like to explore legitimate borrowing options, visit us at firstffcu.com or contact our team directly. Keep Thinking First!

Retire with a Spending Plan

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Do you have a spending plan in place for when you retire? Many retirees worry about outliving their money. It’s important to have a strategy for withdrawing and using your retirement assets.

First, you’ll need to determine a practical, yearly withdrawal amount. Some households adopt the 4% rule, which entails removing 4% from their savings annually. That rule, however, has its critics, many of whom feel it can backfire in a volatile market. Some retirees try to withdraw a set dollar amount annually. Others withdraw a fixed percentage of their portfolio or aim to live off its interest rather than its principal. There is also the “bucket” approach, in which a retiree withdraws cash to live on from an account that would be “refilled” with investment earnings from other accounts.

Second, keep in mind the order in which you withdraw from your accounts. It may be preferable to withdraw income from your taxable investment accounts first. That way, you can give your tax-deferred accounts a chance to grow and compound further. Generally, withdrawals from tax-deferred retirement accounts are required at age 72. Because the taxable income resulting from these mandatory withdrawals may put you in a higher tax bracket, one option is to start allowing withdrawals from these accounts earlier (after age 59 1/2) – the smaller the account balance, the smaller the mandatory withdrawal becomes.

As your retirement progresses, you’ll want to review your strategy. Life events, investment returns, inflation and other factors may call for adjustments. The key is to have a plan in place that you can then modify as needed.

Contact us today to learn more about developing a savings strategy that’s right for you.

Questions about this topic? Contact First Financial’s Investment & Retirement Center by calling 732.312.1534.  You can also email mary.laferriere@lpl.com or maureen.mcgreevy@lpl.com

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Financial Federal Credit Union (FFFCU) and First Financial Investment & Retirement Center are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using First Financial Investment & Retirement Center, and may also be employees of FFFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of FFFCU or First Financial Investment & Retirement Center.

Securities and insurance offered through LPL or its affiliates are:

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal.

This material was prepared by LPL Financial, LLC

Tracking #485871

The Differences Between a Will, Living Will, Trust, and Power of Attorney

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In addition to a power of attorney, there are several other documents that are critical to consider when getting your estate in order. Estate planning is the process of designating who will receive your assets and handle your responsibilities after your death or incapacitation. The main benefit of estate planning is that it ensures your wishes are carried out when you are no longer able to do so, making you feel more organized and confident that your loved ones won’t be unnecessarily burdened in the future. We will discuss some of the potential benefits of specific documents that can be included in an estate plan, such as a will, living will, and trust – as well as revisit some of the benefits of a power of attorney.

Wills

A Will is a legal document that outlines how you’d like your assets distributed after your death. It allows you to name an executor who will manage your estate, pay any debt and distribute your assets. You can also designate guardians for minor children. For business owners, a will can help successfully and efficiently transition assets.

A main benefit of a will is that although it does not avoid the probate process, it can make things much easier. Legally speaking, anything that speeds up the process of physical asset distribution can minimize fees and make things easier for everyone involved. It can also eliminate any potential family disputes over who gets which assets. However, it’s important to remember that a will is only a roadmap. It’s best to make sure that all of your financial assets and valuable possessions (like a home or a car) have beneficiaries named in other documents besides the will.

Living Wills

A living will, also known as an advanced healthcare directive, states your wishes regarding life-prolonging medical treatments. It comes into play only when an individual faces a life-threatening condition and is unable to communicate their desires for treatment.

One of the main benefits of a living will is that it speaks for you when you become incapacitated or unable to communicate – it states your desires for medical treatment if you are unable to make those decisions yourself. Without a living will, decisions regarding medical care become the responsibility of a spouse, family members, or other third parties. These individuals may be unaware of your desires if they are unwritten.1

Trusts

A trust is a legal entity that can “own” assets. The document looks much like a will, and includes instructions for who is to handle final affairs and who is to receive the deceased’s assets. There are many types of trusts.

Today, many people use a revocable living trust instead of a will in their estate plan because of this benefit – it avoids court interference at death and at incapacity. For a living trust to work properly, you must transfer your assets into it. Titles must be changed from your “individual” name to the name of your trust. Because your name is no longer on any titles, there is no reason for the court to get involved if you become incapacitated or when you pass away. This makes it easy for a trustee or successor trustee, to step in and manage your financial affairs. Another benefit of a trust is that it is private, whereas a will is not because it goes into public records.

Power of Attorney

Typically, a power of attorney (POA) is a document that authorizes someone to handle financial and some legal decisions when you become incapacitated. Anyone you trust, such as a family member or friend, can serve in this role for you. You can even designate more than one person, assigning different responsibilities to each.

It’s important to have a power of attorney, because it will allow the person you assign to act on your behalf when you are unable to do so yourself. Without a power of attorney, a court may be left to decide what happens to your assets if you are found to be mentally incompetent, and the court’s decision may not be what you intended. A POA can give your agent the power to transact real estate, perform financial transactions, and make other legal decisions as if he or she were you. It’s important to reiterate that you assign this person – meaning you can select a person whom you believe will be able to carry out your wishes and ensure your affairs are kept in order.

Estate plans are not “one-size-fits-all.” It is up to you to determine which components are best for you and your loved ones. Although it might feel overwhelming, starting with one or many of these items will give you peace of mind in knowing you have taken the first step to creating your estate plan.

Should you be thinking about your financial future and retirement, as well as estate planning – the First Financial Investment & Retirement Center will be hosting an exclusive no-cost virtual seminar on the Transitions to Retirement featuring a bonus segment on Estate Planning, on Wednesday, October 8th at 6pm.

(697533-1 and 622155)

You can register for this session from the link above or by contacting Maureen McGreevy, LPL Financial Advisor at 732.312.1534 or emailing maureen.mcgreevy@lplfinancial.com

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Financial Federal Credit Union (FFFCU) and First Financial Investment & Retirement Center are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using First Financial Investment & Retirement Center, and may also be employees of FFFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of FFFCU or First Financial Investment & Retirement Center.

Securities and insurance offered through LPL or its affiliates are:

This information is not intended to be a substitute for individualized legal advice or estate planning advice. Please consult your legal or estate planning advisor regarding your specific situation.

Sources:

  1. Investopedia.com, February 17, 2025

LPL tracking #’s referenced: 1-05375681, 676252, 653950, 513868

Things to Do on a Budget in Monmouth & Ocean Counties this October 2025

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You won’t be-leaf how easy and affordable it is to enjoy fall with these free or inexpensive (and sometimes spooky) events in Monmouth and Ocean Counties this October!

October 3

Jacks & Lights (Lacey) – Embark on an enchanting jack o’ lantern-lit stroll at Argos Farm on select Thursdays through Sundays until November 2nd at various times. Once the sun sets, the lights of thousands of jack o’ lanterns will lead you on an adventure through a glowing pumpkin trail. You can end the night by trick or treating yourself to one of the many pumpkin-themed treats that the eateries will be serving. Your general admission ticket includes access to the lighted pumpkin trail, flashlight corn maze, access to spook-easy (for those ages 21+), pumpkin patch, and photo ops. The ticket price varies depending on the date and purchase method. Click here to learn more and purchase tickets.

October 4

Fall Festival (Lacey) – The Fall Festival at Argos Farm is still here to give you a day that looks like it’s straight out of a movie on select dates at various times through November 1st. You can stroll through the pumpkin patch, find your way through a corn maze, sample tasty seasonal treats, enjoy live music, check out fun farm attractions, and more. General admission is $19.95 in advance and $23.95 at the gate, and children ages 2 and under are free. Learn more and purchase tickets here.

Fall Fun Fest & Bull Riding Rodeo (Manalapan) – From farm fun attractions to a bull riding rodeo show (and of course, pumpkins) – this Fall Fun Fest at Maple Leaf Farms has it all. The farm is open every weekend through November 1st from 10am-5pm, giving you plenty of opportunities to enjoy this ultimate autumn adventure that the whole family will love. There will be live country music, bull riding and pig races, unique activities, and more. Tickets are $26 for those ages 2 and above and can only be purchased at the door. Click here to learn how you can saddle up for this fun-filled fall experience.

Fall Harvest Festival Arts & Crafts Show (Ocean Grove) promises a day full of family-friendly fun, food, and live music at Auditorium Square Park from 10am-4pm. Plus, there will be arts and crafts to peruse and purchase from local vendors. There is no entry fee to attend, but there will be items available for purchase. Learn more here.

October 5

Oktoberfest (Freehold) – For the third year in a row, Freehold Borough is shutting down West Main Street from 12pm-7pm for a family-fun Oktoberfest celebration. The street will transform into a lively festival – featuring live music all day, delicious food and beverages, a beer garden for ages 21+, vendors selling specialty craft items, family games, and more. There is no entry fee to attend, but there will be items available for purchase. Click here to learn more.

October 10

Night of Frights (Wall) – When the sun sets, the ghouls, ghosts, and monsters at the Historic Village at Allaire come out! Beginning at 6pm – the village grounds and historic buildings will be home to glow-in-the-dark bubble shows, appearances from a fire juggler and sword swallower, scary displays and scenes, frightful storytelling at the chapel, live ghosts and goblins, and more. Although this is a family-friendly event, there may be stories or displays that could give young ones a fright – so please be aware. Admission is $20 for those ages 13 and older, $15 for children ages 4 to 12, and children 3 and under are free. You can find more details and purchase tickets here.

October 11

Oktoberfest (Red Bank) – Red Bank is bringing a taste of German cuisine and culture to town in Edmund Wilson Plaza from 1pm-5pm. There will be tastings of beer, wine, and spirits (for those ages 21+), authentic food, live music and entertainment, a craft vendor market, a kid’s zone, and more. There is no entry fee to attend, but there will be items available for purchase. Learn more here.

October 17

Dark History & Hauntings of Freehold – Take a leisurely and spooky walking tour to learn about the dark history, ghost stories, and urban legends of downtown Freehold – happening on various nights in October from 7pm-8:30pm. Meet at the Battle Monument near the courthouse to begin the tour, if you dare. Admission is $25 for those ages 13 and older, and $20 for children ages 12 and under. Although this is a family-friendly event, there could be stories that spook your little ones – so please be aware. All sales are final – the walking tours will happen rain or shine. Click here to see the various event dates and purchase tickets.

October 18

Fall Fest & Optimist Annual Car Show (Howell) – Enjoy the cool weather and rides at the Fall Fest & Optimist Annual Car Show in Soldier Memorial Park from 11am-4pm. This festival is the perfect pit stop to check out unique cars, enjoy live entertainment, sample food trucks, sip on beer/wine (for those ages 21+), sit around a fire pit, and more. There is no entry fee to attend, but there will be items available for purchase. Click here to see how you can enjoy the unique mashup of a fall festival and car show.

Harvest Arts Festival (Toms River) – Head over to Washington Street from 11am-5pm for a festival that features the best of family-friendly fall fun. Downtown Toms River will be jam-packed with free kids’ games and activities, live bands, merchandise and handcraft vendors, food trucks, and more. There is no entry fee to attend, but there will be items available for purchase. Click here to see how you can fall into fun with the whole family.

October 19

Trunk or Treat (Aberdeen) will be held at Matawan Regional High School from 1pm-5pm. Come trick or treat, check out the decorated trunks, hop on a hayride, visit the vendors, and more. If you are interested in decorating your trunk, you must sign up here in advance. The trunks will go head-to-head, and the winner of the best trunk design will win a prize. There is no entry fee to attend, but guests are asked to donate one bag of candy upon entry. Click here for more information.

Halloween Spooktacular Haunted Hayride (Freehold) – Scare or be scared at the Halloween Spooktacular Haunted Hayride, with rides starting at the West Main Street Wells Fargo Parking Lot at 1pm. The community comes together to decorate homes, act out spooky scenes, and haunt the passengers who dare to get on the hay wagon and embark on the haunted route. The hayrides are on an approximate schedule. Wristbands will be distributed starting at approximately 12:30pm and are free, though the hayride line will be closed once all wristbands are given out. There will be no-cost family fun activities to enjoy in the parking lot after you return. Learn more here.

October 25

All Hallows Eve Along the Burlington Path (Colts Neck) – A spooky night is brewing at Colts Neck Firehouse #1 from 5pm-8pm. The spirit of Halloween will come alive with activities like a pick-your-own pumpkin patch, spooky tales by the bonfire, hayrides, costume contests, and more. Admission is $10 for adults, $5 for children, and children 2 and under are free. Click here to learn more about how you can celebrate Halloween a week early.

Halloween Moonlit Market (New Egypt) – If trick-or-treating isn’t for you, go treasure-hunting instead at the Halloween Moonlit Market – happening at the New Egypt Flea Market Village from 5pm-9pm. The Moonlit Market is the perfect opportunity to show off your Halloween costume, shop for local treasures, and enjoy the autumn air. There is no entry fee to attend, but there will be items available for purchase. Learn more here.

Trunk or Treat (Manchester) – Fill your Halloween basket (or pillowcase) with candy a week early at the Manchester Trunk or Treat, taking place at Manchester Township High School from 7pm-9pm. Aside from early trick-or-treating – you can enjoy a haunted bus, face painting, and more. Admission is $2 per person. Click here to learn how you can add even more treats to your spooky season!

October 26

Halloween Spooktacular Costume Parade (Freehold) – The streets of Freehold will turn into a runway to show off your Halloween costume for a chance to win a prize, beginning at 12pm at the Freehold Raceway parking lot Manalapan Avenue entrance. Participants must check-in at noon and will be given a number to be pinned to their costume. Judges will be on the lookout for the best costumes and decide whose costume takes home the top treat. The participants will then follow the parade route as members of the community watch from the sidelines. There will be complimentary refreshments in the Hall of Records after the parade. There is no entry fee to participate in or watch the parade. You can learn more here.

October 31

Fall Friday Outdoor Movie Night Series (Red Bank) – Celebrate Halloween with a twist by catching the last installment of this movie night series at Coffee Corral, beginning at 6:30pm. In the spirit of Halloween, the selected movie will be Ghostbusters. Cozy up with a blanket or beach chair, grab a treat from the Corral, and enjoy the film under the crisp autumn air. There is no entry fee to attend, but there will be popcorn and other snack items available for purchase. Click here to learn more.

Halloween Party & Watch the Parade (Toms River) – Celebrate the spookiest night of the year at the Mathis House from 5pm-9pm. Break out your costume and enjoy music, an outdoor buffet, kids’ activities, and more. Plus, you’ll have the perfect view of the Downtown Toms River Halloween Parade as it goes by. Tickets are $25 for adults, and $15 for children ages 12 and under. You can find additional information here.

Unemployment Scams: How to Protect Yourself

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Unemployment benefits are meant to help people without a job during tough times. Unfortunately, scammers have been known to sometimes take advantage of the system by filing for these benefits using someone else’s personal information. Even if you never applied for unemployment, you could suddenly receive benefits notices, tax forms, or even payments tied to your identity. That’s a big red flag. Keep reading to learn how to spot an unemployment scam and ways you can protect yourself and your finances.

How to Spot an Unemployment Scam

There are often a few telltale signs something isn’t right. If you applied for unemployment, you might find that your application was denied because someone already filed under your name, or that your benefits were approved – but the money never arrived.

If you didn’t apply, you may receive letters from the state unemployment office, a notice from your employer that someone used your identity, or even a 1099-G tax form showing unemployment income you never received. In some cases, money may even show up in your bank account, followed by a call from someone claiming it was a mistake.

Why This Matters

Unemployment scams often lead to bigger problems. Identity thieves may use your personal details to commit other types of fraud, damage your credit, or create headaches at tax time. If you do ever need unemployment benefits in the future, your claim could also be delayed or denied.

How to Protect Yourself

To avoid an unemployment scam from happening to you:

  • Only share sensitive information like your Social Security Number or bank details through official, trusted channels.
  • Always file for unemployment directly through your state’s unemployment agency website.
  • Monitor your credit reports for suspicious activity and consider freezing your credit if you suspect fraud.
  • Watch for IRS forms that don’t match your situation, such as a 1099-G for benefits you didn’t receive.
  • Report suspicious activity right away to your state unemployment office, your employer, and the FTC.

First Financial is Here for You

At First Financial, we take your security seriously. Our team works around the clock to protect our members’ accounts, monitor unusual activity, and provide resources if you think you’ve been a victim of fraud. If you ever suspect an unemployment scam or identity theft regarding one of your First Financial accounts, reach out to us immediately – we’re always here to help safeguard your finances.

Stay up to date on the latest in scams by subscribing to our First Scoop Blog, and following along with our Important Alerts and Scams articles.