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One of the best ways to build a secure financial future for your children is by helping them develop saving skills at an early age. Here’s how to set an example for the next generation by teaching children the importance of saving.
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Contactless payments exploded in popularity in spring 2020 when the coronavirus upended how many people think about their daily interactions, including how they pay. But social distancing aside, do these advances actually make life any easier and safer?
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Sometimes life sends you signals your finances aren’t quite where they should be, such as an overdraft fee on an account or a denied credit card application. Here are several common financial red flags you should address — plus easy ways to eliminate them.
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If the amount of your debt is overwhelming, there are tools and motivational ideas you can use to reduce it and even eliminate it. Here are some steps to take to start you on the path to being debt free.
According to the FBI, $2.7 billion in online theft and fraud was reported to the agency in 2019. While funds are protected up to $250,000 by the National Credit Union Administration, what else can credit unions provide to keep your accounts safe? And what can you do?
Keeping your home cool this summer doesn’t have to be expensive. Here are some steps you can take — for minimal effort and cost — to reduce your energy bills while also helping to save the planet.
Staying healthy is our number one priority, but it’s important to be extra mindful of your financial health — even if your income hasn’t been impacted by COVID-19. Here are some ways to keep your finances in good shape during these unprecedented times.
Running out of ideas to keep your kids busy during the stay-at-home order? We get it. That’s why we launched The FUNtivity Zone to offer those with little ones at home more fun and educational resources.
The security of everything that requires a password, including your financial accounts, streaming accounts, email inbox, and even your garage code, depends on how strong and safe your logins are today. Strong passwords are key to your security, but the challenge is to create passwords you can actually remember, without resorting to unsafe habits — like reusing the same login for multiple accounts. Here’s some advice on how to create strong passwords and keep them safe.
Stimulus checks from the U.S. government have started to be deposited to provide economic relief during the coronavirus pandemic. Eligible taxpayers can expect to automatically receive their one-time payment of up to $1,200, depending on adjusted gross income.
Communities worldwide are struggling with the temporary closing of businesses, schools and public facilities affected by the COVID-19 pandemic. As many people continue to cope with these drastic developments, the Credit Union is here to help its members during this time of uncertainty.
You’ve probably heard the saying or asked yourself while sitting in a lecture hall, “When am I going to use this in the real world?” While there are many important skills taught in school, not all of them will be carried over into your career after you graduate.
So, what’s the best way to prepare for the real world?
Phishing, a form of identity theft, is when scammers use fraudulent websites and fake emails to attempt to steal victims’ personal data, especially passwords and credit card information. Although this is not a new type of theft, many consumers are unaware of phishing and how to protect their personal information. Here is more information about phishing and how to keep your data safe.
You applied for a job and just received word that the company would like you to come in for an interview. Congratulations! Landing an interview is a critical step in getting the position you’re after. Before you call mom and start celebrating, realize that you still have to seal the deal with a strong interview. Here are a few things you can do to help prepare for the interview and put your best foot forward.
Have a new idea you would like to put into action? You may need some help to get your idea off the ground. Once you create a functional plan, applying for a business loan could be your next step.
Tax season is upon us again. Whether it’s your first time filing or you’re trying to get a head start this year, we have some tips to help you file your taxes safely.
Successful budgeting is like mixing together the perfect ingredients in a recipe. Follow this five-step financial recipe to figure out the best plan that works for your financial goals.
January is a great time to start something new. When it comes to your finances, the New Year also is a good time to set goals and strategies. Here are five ways to help you start 2020 on the right financial track:
Spring tends to be the optimal time for people to not only sell, but buy houses. This is due to improving weather, inspecting homes after winter, and transitioning kids to new schools. Before spring comes though, it is critical that you begin getting ready before you start your new home search. Here is how you can prepare now to buy a home in the spring.
Thanksgiving is a day of gratitude and celebrating with family and friends. It also marks the traditional start of the hustle and bustle of holiday shopping. Many people take advantage of deals offered during this holiday weekend, but are Black Friday and Cyber Monday deals really worth it?
Have you ever been intimidated by financial terms you’re unsure about? Many people have the same fearful reaction when they hear terms like “credit check,” “home equity loan,” and “line of credit.” Let’s look into the meaning of these terms to better understand their benefits and alleviate fear.
Halloween is an exciting time of year for many families. Whether it’s trick or treating, Halloween parties, or finding the perfect costume, there’s plenty of things to plan for. Did you know consumers spend an average of $86 on Halloween, according to the National Retail Federation? Here are some tips for enjoying Halloween on a budget.
Unexpected expenses, such as car repair or replacing a broken appliance, can be a hardship for many families without adequate savings. In a 2017 Federal Reserve study, four in 10 adults stated they would have difficulty covering a $400 unexpected expense. While financial setbacks can happen to anyone, having an emergency fund can help ensure they don’t become burdens.
Football season has begun, and tailgating has been a football tradition for many years! Between food, plates, and all the other supplies you need, tailgating can get pretty expensive. Here are some ways to help you save money during the tailgating season.
After back-to-school shopping, you may feel your living space is a little more crowded. This is a great time to identify unnecessary items and decide if you should sell, donate, or toss them. Here are seven tips on how best to declutter your life of items you no longer need or use.
Did you know the second-biggest shopping season of the year is back-to-school shopping? In fact, according to the 2018 National Retail Federation survey, the average household spends more than $500 in school supplies each fall. So, it’s never too early to be on the lookout for deals. Here are some tips to help you save regardless of when you decide to start!
Summer activities can be costly, and the last thing you want to do is spend your vacation funds on electricity bills. Don’t let the summer heat put a strain on your wallet. With these tips, you’ll be able to save money on utility costs while helping to conserve energy, and still get to enjoy your summer plans!
A budget can help you achieve your financial goals by showing you exactly where your money goes each month, and the great news is it’s never too late to start! Spenders and savers alike can benefit from creating a budget!
Step One: How much do you earn and spend?
The first thing to do when creating a budget is to calculate your monthly expenses and income. Determine your average expenses, referring to your previous financial statements and receipts. It’s always great if you plan ahead. Perhaps you’re in the market to purchase a new furnace or a set of winter tires. Don’t forget to leave room for unexpected bills, such as home or auto repairs. You also should determine how much money you are bringing in per pay period.
Step Two: Ask yourself a few questions
Set realistic goals. Ask yourself a series of questions to determine how you can allocate your funds when setting up your budget. Why do you want to budget? Are you saving for something special? Are you paying off a credit card? Do you have short or long term goals? It’s also helpful to identify your needs versus wants.
Step Three: Time to prioritize
Now, it’s time to create your budget. When you add up your expenses, make sure you are not spending more than your monthly income. Setting spending and saving priorities for each paycheck can help ensure you remain financially safe and secure.
Seek Guidance: We’re here to help!
Creating a realistic budget and sticking to it can be hard at first. If you need help deciding how to create a budget that works, there are a variety of free online budget calculators and resources. For example, Mint, the free online money manager, creates budgets based on your spending habits. MSUFCU also offers free seminars and events to help you achieve financial success!
The summer solstice, June 21, is here. This official first day of summer also means we will have more daylight than any other day of the year. Here are some strategies to consider so you do not waste time on the longest day of the year.
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With summer quickly approaching, vacation season is right around the corner. Whether you plan on flying or driving, these tips will keep you safe from start to finish!
Graduation is a major turning point in your life. The relationships you build, the skills you acquire, and how much you learn from the mistakes you make will help form the kind of professional you will be and the professional options available to you.
In celebration of Mother’s Day, we asked Credit Union employees to share the best financial advice they’ve received from their moms. Here’s what they had to say.
Passing financial knowledge will teach others important lessons in responsibility and how to make sound financial decisions. Here are some ways to start.
Here at MSUFCU, we LOVE March Madness. In fact, each year, hundreds of employees compete in our all-company bracket challenge to celebrate the tournament. Do we even need to mention we have a lot of Spartan fans here?
While only one team can walk away with the championship title, everyone can benefit from applying the traits and behaviors that made it possible for these athletes to make it to the tournament. Trying get rid of debt? Saving up for a rainy-day fund? Here are three takeaways we’ve learned from March Madness athletes to create a positive financial future for yourself.
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As the travel industry continues to tack on fees to nickel and dime your every move, we’ve come up with five fees the jetsetters out there could avoid. While a dollar or two here and there may not seem like a big deal, the charges add up overtime. Spring Break is just around the corner, so take a look at these tips to eliminate travel fees.
Did you make building your savings a 2019 New Year’s resolution? Making a savings goal is not only one of the most common New Year’s resolutions, it’s an important key to financial success. If you’re looking to get more out of your savings goals, laddering Certificates is a great way to effectively reach your goals.
Make 2019 your year to get ahead in your savings goals. Follow these tips to set yourself up for success in the coming year by starting a savings plan and reducing costs to save even more.
When the temperature dips and winds start blowing, being prepared for winter weather and its possible hazards can make a difference. Here are some items to make sure you have on hand when winter calls.
If you haven’t looked at the calendar lately, it’s probably because you’re avoiding the inevitable. Yes, the holidays are now just days away and it’s time to start planning how to purchase the perfect gifts for your loved ones without breaking your budget.
Instead of making shopping a stressful process, planning is the key to a successful holiday season. Since there aren't many days left to wait for shipping with online products, here are four tips to help you better plan your in-store shopping purchases.
This time of year as you are out and about shopping for gifts, don’t forget that holiday tipping is a great way of saying “thank you” to those who help us all year long. It can be confusing, though, to figure out who to tip and how much. Here are some suggestions.
Celebrating the holidays doesn't have to put a dent in your budget. You can host a great gathering by taking some simple steps to reduce costs before this year's big dinner. Consider these nine ways to save some green this season.
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Often times during the holiday season, there is a higher risk of malware viruses. It is important to be aware of the possibility of your computer being affected by malware and what you can do to prevent it from happening to you.
I always thought meal prepping was a good idea to save money and eat healthier, but I also believed it was time-consuming and I never really got into the habit. After many nights of coming home from work hungry and ready to eat dinner, but too tired to make it, I found that meal planning can actually save you time and money, and you can more easily make sure you are eating well-balanced meals.
Spring is finally in the forecast in Michigan (at least a little bit). I don’t know about you, but I’m most motivated in the spring. The sun and warmth and melting snow makes me ready for anything. But, there’s definitely still some cold weather ahead. Why not take a cloudy afternoon or evening and spring clean your finances?
Do you find yourself avoiding a healthy lifestyle because you think it’s too expensive? If so, this blog is for you! Let’s take a money conscious approach to dispel three myths that often keep us from pursuing a healthy and active lifestyle.
As we enter the season of heart-shaped chocolates and Mylar balloons, an unavoidable anxiety sinks in the stomachs of those who realize their relationships are coming to an end. With sweaty palms and shaky hands, I whisper, “I love you, I’m just not in love with you,” as I click the Cancel Subscription button. Yes, the time has come. I’m breaking up with my subscriptions. Ending a subscription service isn’t easy. Nevertheless, these services can often chip away at budgets and detract from long-term savings goals. To take a step toward a more positive financial future, consider following this three-step breakup process.
New year. New resolutions. Or maybe your resolution is the same one you made last year. Either way, if you’re looking to boost your savings this year, you’ve come to the right place. In 2016 and 2017, we kicked off the 52-Week Savings Challenge, in which you increased your savings by $1 each week, growing your savings by $1,378 at the end of the year. Based on previous experience, this challenge becomes quite tricky in the second half of the year when your weekly contributions grow to $30, $40, and $50 or more a week!
It doesn’t matter how you save. It matters that you’re saving. Take a look at these savings ideas to help reach your 2018 goals.
I consider myself to be quite trendy, but I’m also that friend who regularly uses checks to pay bills. I am aware that there are plenty of innovative payment options available, but something about paper checks seems so irresistibly simple. The intangibility of online money transfers, amongst a myriad of mobile apps, just seems untrustworthy to me. With this wave of skepticism, I set out to learn about the latest trend in financial services: mobile wallets.
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Are your utility bills climbing with all of this summer heat? Are you spending too much on summertime adventures and activities? Check out these six ways to help you easily save money and still have fun this summer!
Do you remember your first financial milestone? Whether it was opening a checking account or buying your first car, the feeling of accomplishment that accompanies successful financial planning is unparalleled. As time goes on, the way we manage our money becomes increasingly important. Our purchases and investments become larger, and greatly shape our financial future.
It’s the beginning of a new year, which means, it’s time for more money resolutions! This year, I am going to share how to make a budget that works best for you.
Well, we’re almost done with the year, which means the 52-Week Savings Challenge is coming to a close. How did it go for you? For me, overall, it went well, but I did need to reassess my money management style as the weekly savings amount grew. But, I’m still on track for success (so far).
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Winter has arrived! As the temperatures drop and wintery conditions appear here in Michigan, many are planning vacations to enjoy the snow on the slopes or avoid the freezing weather with a tropical vacation. Whatever your winter travel plans may be, consider these tips to keep your home protected while you’re away this winter.
Are you ready for the busiest shopping time of the year? Thanksgiving weekend kicks off holiday shopping season and we want to make sure you’re prepared to shop smart. Take a look at the upcoming weekend day-by-day to help make your shopping adventures stress-free.
As the fall air turns frosty and the days become shorter, the holiday season begins. With Thanksgiving just around the corner, many are starting to draft their wish lists and plan their holiday celebrations. Check out these party ideas to learn simple ways to save money, while hosting the best holiday bash this season!
Halloween is just around the corner! If you’re looking for last minute, frugal ideas for treats, decorations, costumes, and more, take a look at these cost-friendly tricks and treats.
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As summer officially comes to end, so does the busy moving season. Many apartment residents have finally unpacked and settled into their new places and bam, just like that, it’s time to begin the apartment hunt again. Leasing for the following year often begins shortly after the start of a new lease, especially if you’re a college student. Leases for the following school year will begin to open up around the first week of October. Before you sign a new lease, consider doing these six things first.
For most college students, the back to school countdown begins before campus can fade in the rearview mirror. Yet by the end of each summer we question where the time went. As August draws to a close, freshmen and seniors alike will begin planning and pondering the upcoming school year. Whether you are a new or returning student, here are five tips to help you conquer any campus!
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A new semester is approaching, which means student loans are being processed by colleges and student refund checks will soon be disbursed. If you’re a student receiving financial aid, check out this post to understand if you’re handling your refund money wisely.
When going back to school, there’s a lot of organizing that needs to happen to ensure the school year is off to a good start. Use these tips to show just how smart you are by not spending too much money on back-to-school supplies and clothes this year.
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As August quickly approaches, we try to prepare ourselves for the last days of summer. Before the summer fades, weekends become filled with football, and Halloween decorations begin lining store aisles, here are 20 things you can still do to make the most of the warm, sunny days, as well as the rainy ones.
Whether you are an experienced overseas traveler or have never left the country, traveling can be stressful. When I’m preparing for a trip, I tend to get stressed because I worry about forgetting something important. No matter what I need to bring, I remind myself of these tips to ensure I am organized and well-equipped to have a safe and fun trip.
July 1 marks the mid-point of the year. Can you believe it? We’re halfway through 2016!
Summer is officially here! For many, myself included, warmer weather brings celebrations of all sorts. Between cookouts, birthdays, and graduations; party planning can be expensive if you aren’t careful. Below are five practical tips for hosting the perfect summer—and staying on budget!
Last week, I discussed the pros and cons of buying or renting a home. No matter where you are making your next move—whether it be into a home you are buying or renting—there are many costs to consider while creating a moving budget. Let’s take a look at some of those expenses.
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Now that summer is here—children are out of school and apartment leases are ending—many people are taking advantage of the warm weather and time off to move. When making your next move, there are many decisions that shouldn’t be made lightly, including whether to rent or buy a home. Consider these pros and cons of buying and renting a home when deciding on your next move!
You may have received a new debit or credit card recently and noticed something different. Now debit and credit cards are becoming equipped with the latest fraud-preventing technology—an EMV chip. With large amounts of fraud occurring around the world, Europay, MasterCard, and Visa created EMV to better protect consumers and retailers.
As summertime in Michigan is quickly approaching, we can say goodbye to icy roads, and hello to traffic cones. Winter weather might be behind us, but there are still many travel precautions to consider before hitting the roads this summer. Are you prepared to travel safely? Check out these six tips to keep your summer vacation hassle-free!
To all of the 2016 MSU graduates, congratulations — we wish you the very best as you prepare to embark on your next journey! Whether you’re staying in East Lansing or moving across the world, make sure your financial institution allows you to easily navigate your finances after college.
You turned in your last project, took your final exam, and now, all you have to do is prepare to walk across a stage for your diploma. So, what’s your plan after graduation?
I know you just filed your 2015 taxes and you’re probably ready to not think about them for 12 more months. But! Thinking about next year’s taxes now can save you a lot of time in 2017.
Last week, I wrote about listing your home and finding a real estate agent. But what about making sure your house shines during showings? Here’s a more in-depth look at helping your house look its best for every showing.
Spring is my favorite time to clean out my home! I’m not alone: spring cleaning is extremely popular, especially after Michigan winters. The stores are filled with fun new organizational items and every magazine and website is telling you their perfect way to spring clean your life. Before you go out and spend a lot of money on new containers and cleaning products, consider these ways spring cleaning can actually save (or make) you money.
We're quickly approaching the last week of the first month of 2016! Many of you, like me, are going to try and be a better version of yourself this year and have set some New Year’s resolutions. A common resolution is to eat healthier and save money while doing so. To help you stay successful, here’s a couple of tips I use to help me eat better on a budget.
January is a great time to start building new habits to make 2016 the best year yet. A lot of people make New Year’s resolutions about money. Today and next Thursday I’ll be talking about the two most common money resolutions: saving money and reducing debt.
Happy New Year! Don’t miss out on these fun activities in Lansing this month. Some of them might even line up with your New Year's resolutions...
Saving just a little bit every week can make a huge difference! Take the 52-Week Savings Challenge in 2016 and see your small savings add up to over $1,300 in a year.
It’s almost time to ring in the new year! 2015 has gone by so fast, and I know there were a few expenses that caught me off guard this year. I’m ready to start fresh in 2016 armed with a savings plan so I am ready for anything. Here’s how I’m preparing.
With the holidays right around the corner, it feels like I have already blown my December budget. When I spend more in one area, I look for ways to save in others. One of the ways I try to cut down on costs in the winter is by cutting costs on my heat and electric bill. Below are some cool tips to keep your home warm for less!
As a born and raised Michigander, I am used to Michigan winters and how important it is to prepare your car (and yourself) before snow falls. Don't wait until the first snow to make sure your car is ready. Get prepared early this year with these 6 DIY tips for getting your car ready before the snow hits the ground.
If you're exchanging gifts this season, it’s never too early to start planning your shopping list. I know some people who plan their gifts so far in advance that they are done shopping in July! I’m not that organized, so I usually start planning right around Halloween. If I don’t plan out my gifts, I end up spending way too much money on just a few things. This year, I’m using these 5 tips (and this downloadable budget planner (PDF 454 KB)) to stretch my budget.
Halloween is right around the corner! Have you been thinking about costumes and candy? The National Retail Federation (NRF) estimates that over 157 million Americans will take part in Halloween this year and will spend $6.9 billion dollars. That’s an average cost of $74.34 per person. At MSUFCU, we believe you can do Halloween a lot cheaper than $75 a person! Below are some ways we are saving this season.