MembersFirst Credit Union: Blog
7 Money Myths You Need to Stop Believing
You may think you’re on top of your finances, but you could still be falling for common #moneymyths. Debit cards aren’t always better than credit cards, you don’t need a home to build credit, and budgets matter at any income level. Credit cards aren’t an emergency fund, investing isn’t just for the rich and starting young isn’t optional. If any of these sound like you, a money myth may be holding you back!
Click to read more on common money myths.
Developing a Strong Work Ethic
A strong work ethic is something you can work on now, before you’re even in the world of paid work. It will influence your entire life and help you tackle tasks from homework to house chores with the proper attitude. Learn the value of hard work, how to manage your time and set clear goals. This is an important lesson for your life!
Click to read more about developing a strong work ethic.
The 50/30/20 Rule: A Simple Way to Manage Your Money
If you’re just getting started handling your own money, try using the 50/30/20 rule! This helps you split your money between needs, wants and savings so that everything gets covered, you start building savings and you still get to have fun! Make sure you apply it to all income you earn, and pretty soon it will become automatic.
Click to learn more about each budgeting category.
Recognizing and Avoiding Survey Fraud
Survey scams are everywhere, and they all follow the same playbook: lure you in with promises of cash or gift cards, then trick you into sharing personal or financial details.
6 Ways to Manage Lost Income and Benefits
When income or benefits are suddenly reduced or lost, it can feel overwhelming. But there are practical steps you can take to stay financially steady and supported. In this post, we share six simple strategies to help you manage the impact, find resources and regain control when experiencing financial difficulty.
Click to read more.
7 Ways To Save On Thanksgiving Costs This Year
Hosting Thanksgiving doesn’t have to break the bank. From potluck planning to DIY décor, discover seven smart ways to cut costs without sacrificing the holiday spirit. Click to read on for simple tips to save big this season!
International Credit Union Day
International Credit Union Day was a success! We truly enjoyed celebrating with our amazing members! We hope you had a chance to stop by a branch and enjoy a special treat as we honored this year’s theme: “Cooperation for a Prosperous World.” What a way to recognize the power of working together—and there’s no better example of that than our members. You’re truly the best part of our credit union, and we are so glad we could share this day with you.
5 Money-Saving Tips for Millennials (or anyone who wants to save!)
Struggling to save money in today’s economy? You’re not alone. Whether you’re a millennial or just looking for smarter ways to stretch your dollars, these five creative tips can help you cut costs without sacrificing your lifestyle. From cashback apps to meal planning, discover practical strategies to boost your savings and take control of your financial future.
Are P2P Payment Systems Safe?
P2P payment apps like Venmo, Zelle, and Cash App are booming, but scams are rampant. One common trick exploits the delay in fund transfers—scammers use fake accounts to pay for goods and disappear before you realize it’s a scam. Venmo also shares transactions publicly by default, making users easy targets for identity theft. To stay safe, only send money to people you know, avoid using these apps for business, transfer funds out promptly, and enable two-factor authentication. Protect your money! Click to read more about how to stay safe when using P2P payment systems.
All You Need to Know About Third-Party App Scams
We live in a very app-driven world, and one of the latest scams involve third-party payment apps. You might download a payment app like Cash App or Zelle, only to find out it’s a lookalike and you’ve been looted. Or you might get a bogus notification of a large withdrawal about to be made from the target’s account which leads them into a scam. Be wary of any suspicious activity and never give out any personal info to unknown people on the phone. Read on to learn how to spot a scam and stay safe in the app world!