Q: My motorcycle loan is killing my budget, and I’d love to refinance to ensure I can keep my ride. What are the benefits of refinancing my loan through my credit union? A: Refinancing a large loan, such as a motorcycle loan, into one that offers more affordable payback terms can make a huge difference in a
According to most definitions, the term financial literacy refers to understanding how to effectively manage household finances, handle debt, create a budget, and build savings. Working toward financial literacy is the foundation of your relationship with money and can set you up for a lifetime of financial health and wellness. As a trusted national nonprofit,
Rent and home prices are hitting record highs recently and many of us face challenges when it comes to affordable housing. What’s a healthy amount of your monthly budget to spend on housing? A common rule of thumb when it comes to your housing budget is to spend no more than 30% of your gross
The ease and convenience of home grocery delivery and meal delivery services can be a lifesaver as people continue to manage through COVID – especially for the homebound or those with high-risk health conditions. Food delivery is also essential for households without transportation, and helpful to anyone who decides that home grocery and meal delivery
Winter is on its way out, and spring is on its way in. That means it’s time to stop hibernating and get outside! Before you do, though, you’ll need to help your home recover from the damage incurred during winter and take steps to prepare it for spring. Don’t stress about what you need to
Q: I’ve heard that the Fed plans to raise the interest rates this year. How will this impact the economy and the current inflation rates? A: The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to stay, given that headlines announced a 7%
Here at San Antonio Citizens Federal Credit Union, we are proud to offer small business loans to our entrepreneurial members at affordable interest rates and easy eligibility requirements. Here are six popular ways to use a small business loan. 1. Everyday operations Running a business can cost a pretty penny. With responsibilities for covering payroll,
Everyone loves payday, but too many employees don’t know how to allocate their paycheck in a way that best serves their financial needs. Use the tips outlined below to learn how to manage your paycheck responsibly. 1. Automatically deduct contributions Your first step in managing your paycheck is making sure you are deducting the optimal
It’s tax season, and while that may mean you’re drowning in forms and paperwork, for scammers it means millions of taxpayers they can potentially dupe out of refunds or scare into making irrational moves. Here’s what you need to know about tax return scams and how to avoid them. How the scams play out In
An excellent credit score is the ultimate goal of the financially responsible consumer. Those three magic digits tell a story of accountability, good financial sense, and the ability to spend mindfully. A great credit score also unlocks doors for large, affordable loans; employment opportunities, and more. Its significance notwithstanding, achieving and maintaining an excellent credit