MembersFirst Credit Union: Blog
The Promises and Perils of Buy Now, Pay Later
If you shop online, you’ve seen a “Buy Now, Pay Later” offer everywhere from Amazon to Walmart. The idea is simple: buy a big-ticket item and split the payments up over time. Even retail stores are getting into the act. #BNPL is interest-free, and it can be a good way to get something you really need in hand quickly. Where it’s a problem, though, is if you use it too much or for things you don’t really need and fall behind on the payments. Interest rates as high as 40% can kick in, along with some huge late-payment fees. Use BNPL if you need to, but use it wisely and make sure the payments are part of your monthly budget.
Click the image above to learn more about this purchase strategy.
Home Improvements: DIY or Call A Pro?
One of the best things about being a homeowner is doing a great job on your own home improvement and repair projects. But, while there is so much you can do on your own, just remember not to take on more than you can handle. Here are a few tips that can help you identify what to take on and what to leave to the pros.
Beware of PPP Scams
The Paycheck Protection Program, or PPP, has been a lifesaver for many small businesses; however, scammers have followed right along. The scams come in three basic forms. Read more about these scams and learn how to protect yourself and your business from these scams.
International Data Privacy Day
International Data Privacy Day, on Jan. 28, is a worldwide initiative to promote awareness of the importance of privacy online as well as protecting personal information. It also is an effort to remind companies that safeguarding consumers’ privacy is a good business practice.
5 Easy Steps to Start Saving
Building savings can feel like a lofty goal. And, if you’re not sure where to start, it can be easy to put it off. These 5 easy steps to start saving will set you on your way to reaching your goals in no time.
12 DIY Holiday Gift Ideas
Love the holidays but hate the Santa sticker shock that follows? No need to spend your way into debt this Christmas. Here are 12 homemade gift ideas from across the cyber-verse to get you started.
Financial Preparation For The New Year
The New Year is just around the corner (we’re shocked, too.) Dust off your 2020 resolutions and let’s try again. Here are 6 tips to get you (re)started.
How to Use the Money Envelope System
The money envelope system has been around for years, and it’s an incredibly motivating and powerful way to keep spending in check. You can use this handy guide to understand and implement the money envelope system in your household.
Why You Should Never Abbreviate “2020”
It may be a new year, but scammers are still looking for ways to con you out of your money. Experts are warning of a new scam that involves changing the date on important documents. Most of us are accustomed to abbreviating the date by using just the last two digits...
Facing A Financial Emergency: Preparation Over Panic
With all the change happening in the world right now, it’s easy to fall into a panic and wonder if there are some concrete steps you should be taking to maintain your personal finances. It’s natural to become concerned about meeting financial obligations, especially if you fear your income may be reduced as it has for many Americans. Click the image above to learn how to prepare for a financial emergency.