After all the celebratory spending and expenses that accompany the holidays at the end of every year, January naturally becomes a month to take financial store of what you have going into the year ahead. One of the financial resources you have available to you as an ILWU Local 142 member is HomeStreet Bank. HomeStreet Bank offers free tips and education for financial wellness and stability.
Your union is here for you. We encourage you to avail yourself of resources like the ones on HomeStreet Bank’s website. Pictured below are samples of some of their helpful money management aids. All this and more can be found at: https://homestreet.balancepro.org
Recommended Budget Guidelines
The following breakdown can be found on the website above’s Money Management Planner. Here is a direct link to the planner: https://www.balancepro. org/wp-content/uploads/MoneyManagement_planner0419.pdf
Housing - Spend no more than 35% of net income on housing. Depending on whether you rent or own, that can include: mortgage/rent, utilities, insurance, taxes, and home maintenance.
Savings - Save at least 10% of income throughout your working life. Make sure you have three to six (3-6) months’ income in an emergency fund before you start saving for other goals.
Debt - spend no more than 15% of net income on all other consumer debt: student loans, retail installment contracts, credit cards, personal loans, tax debts, and medical debts.
Transportation - Spend no more than 15% of net income on transportation. That includes: car payment, auto insurance, tag or license, maintenance, gasoline, and parking. 
Other - spend no more than 25% of net income on all other expenses: food, clothing, entertainment, childcare, medical expenses, tithing/charity, and vacations.
Your Union is here for you...
Pictured above are your Titled Officers working at a food drive for members in need last year. Your top officers of ILWU Local 142, (from left to right) Local Secretary-Treasurer Brian Tanaka, Local Vice President Corinna Nguyen, and Local President Donna Domingo are working hard on your behalf.
If you need assistance, please do not hesitate to reach out to your Union.
Hawaii Division: (808) 935-3727
Maui Division: (808) 244-9191
Kauai Division: (808) 245-3374
Oahu Division: (808) 949-4161
Longshore: (808) 949-4161
Democracy in action...a union run for members by members
The Local Executive Board (LEB) swore in new board member Lorie Lei Lam at its meeting on December 18, 2020: The LEB is the second highest policy-making body in the ILWU Local 142. Lam (pictured in middle box on bottom row) is from Unit 4420 Hawaii Pacific Health and she will serve in Oahu Division’s General Trades seat. The health industry is vital, especially in these times, and the board will benefit from having that industry’s perspective at the table as the Union moves forward.