Your May Financial To-Do List

May 22, 2023

1. Stop Paying PMI
If you bought your home for less than 20 percent down, you've probably been paying private mortgage insurance (PMI) on your loan, typically an extra 1 percent of the purchase price. If your equity position is now at least 20 percent of the original purchase price, you may not have to pay mortgage insurance anymore. Contact your mortgage servicing company to see whether they can remove the PMI. You may have to pay a few hundred dollars for a new appraisal, but you could save thousands per year.

2. Take Advantage of '529 Day'
The college savings industry has embraced May 29 as "529 Day," an opportunity to remind parents of future college students of the benefits to saving in a tax-advantaged 529 college savings account. Money put into a 529 plan grows tax-free, and you won't pay any taxes on withdrawals used to pay for college. 

3. Dispose of Unneeded Financial Documents
This is a good time to weed out financial documents you no longer need. How long you should wait before disposing of a document varies. Generally, you can throw tax documents after seven years. Also, look into removing documents that are stored on your computer, external drives, and mobile devices.


4. Review Recurring Charges
Small charges can slip through unnoticed, especially if they're recurring fees for a service you keep meaning to cancel. But these small fees add up quickly. Take a look at your most recent credit card statement and highlight any charges you could eliminate. Contact the companies to cancel your subscription—and try your luck at requesting a refund for previous charges as well.

5. Budget for Home Improvement Projects
May is a great time to find deep discounts on materials for the home improvement projects you plan to tackle this summer. Whether you want to install a new deck or replace the front door on your home, you'll save money if you make these purchases now, rather than in the middle of the summer. Even if you aren't quite ready to get to work, you can still determine what materials are needed so you can take advantage of the great sales this month, especially around Memorial Day.

*Brought to you by Catholic Charities Financial & Housing Counseling program:

(320) 650-1664

Our Recent News

By Brittany Hoversten September 8, 2026
Catholic Charities is expanding its ability to serve older adults across Wright County with the addition of a new hot/cold delivery truck, made possible through funding from the Central Minnesota Council on Aging (CMCOA) and generous community support. The investment will help strengthen and grow Meals on Wheels and Senior Dining services, ensuring nutritious meals reach more seniors safely and efficiently. As the demand for nutritious meal services continues to rise, reliable transportation plays a critical role in connecting older adults with the food they depend on every day. The new truck improves the delivery process by transporting meals from Catholic Charities' production kitchens to community meal sites and home-delivered meal routes throughout the region. Designed with separate heated and refrigerated compartments, the vehicle allows staff to transport hot, fresh meals and frozen meals at the same time while maintaining strict food safety standards. The truck's specialized design ensures meals arrive at the proper temperature, preserving both quality and safety for those receiving them. The vehicle can carry hundreds of meals daily, significantly increasing delivery capacity and operational efficiency. Before the addition of the truck, meals were transported using insulated hot and cold bags, requiring additional handling and limiting the number of meals that could be delivered on each route. Today, hot meals leave the kitchen at approximately 180 degrees and maintain safe temperatures throughout transport, arriving at the recommended serving temperature of 165 degrees. Frozen and refrigerated meals are delivered below 40 degrees, allowing recipients to safely store them upon arrival. The impact extends beyond meal quality. Staff and volunteers now spend less time loading, unloading, and managing insulated bags, allowing them to focus more on serving clients and ensuring deliveries are completed safely and on time. Meals are delivery-ready when the truck arrives at outreach locations, creating a more streamlined process that benefits everyone involved. "Food access for rural seniors continues to be a growing concern," said Stacy Lund, Program Director. "The truck will provide opportunities for Catholic Charities to continue service in our rural communities as operational funding and resources become more limited while community need continues to increase." More than just a vehicle, the new hot/cold truck represents an investment in the future of Meals on Wheels and Senior Dining services. It provides the infrastructure needed to meet growing demand, expand service opportunities, and support older adults who rely on these programs to remain healthy, independent, and connected to their communities. In a fitting tribute, staff have named the truck Grace in honor of Sister Grace, a beloved former employee whose legacy of service continues to inspire the organization's mission today. Like its namesake, Grace will help deliver not only nutritious meals, but also the caring connections that make a meaningful difference in the lives of older adults across Central Minnesota. About Meals on Wheels and Senior Dining Catholic Charities' Meals on Wheels and Senior Dining programs provide nutritious meals and meaningful social connections for older adults throughout Central Minnesota. Through home-delivered and congregate meal services, the programs help individuals maintain their independence, improve food security, and remain connected to their communities. The addition of Grace ensures Catholic Charities can continue advancing that mission for years to come.
By Brittany Hoversten September 2, 2026
If you've spent time with Brian Woods, you've probably heard a great story.
By Brittany Hoversten June 16, 2026
At Catholic Charities, we are blessed to witness moments that reveal the true spirit of community. During a recent visit to our St. Cloud Senior Dining program, our team saw one of those moments firsthand. Grandpa Ray and his grandson, Noah, were preparing to deliver meals—a routine that has become a treasured family tradition. Ray often brings all three of his grandsons, turning service into something that strengthens their bond while uplifting others. Our Senior Dining Coordinator, Kim, shared that Ray and his grandkids have become a bright spot for many of the neighbors we serve. For those receiving meals, it’s not just about nutrition. It’s the warmth of a familiar smile, the energy of young people at the door, and the reminder that they are seen and cared for. This simple act of delivering meals shows the power of serving together—building community, connection, and hope one doorstep at a time. We depend on volunteers like Ray—and like you—to bring compassion to our neighbors. If you feel called to serve, explore our volunteer opportunities, including meal delivery and family volunteering. Your kindness could be the moment someone looks forward to each day. Make an impact and volunteer with us!