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%
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
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
Here’s all you need to know about credit card interest and how it works: What is credit card interest? Credit card interest is the money the credit card issuer charges cardholders to borrow money when they use their cards. The interest is generally set at an annual rate known as the annual percentage rate, or
Every year, you try to budget and plan for Thanksgiving, and every year it seems like you end up in a frenzy at the last minute with a blown budget. This year, we’ve got some clever hacks that will once and for all conquer the turkey day issues and give you breathing room. 1. Book
When shopping for a new set of wheels, your first stop should be SACFCU. While many people start at the dealer’s lot, you’ll enjoy a lower rate, a simpler loan application, and other big benefits when choosing to finance your car here. Let’s take a look at the differences in the auto loan process. Financing an auto
Q: I’m ready to finance the purchase of a new car. What do I need to know before finalizing my auto loan? A: Financing a new car is a big decision that will impact your monthly budget for the entire term of the loan. That’s why it’s important to weigh all relevant factors carefully before
Cryptocurrency is one of the hottest investments on the market. It’s also a popular ruse topic for scammers. Here’s what you need to know about cryptocurrency scams. Blackmail Emails are sent to targets, falsely claiming to have compromising photos, videos or embarrassing info about them. The contact threatens to go public unless the victim pays
When shopping for a new set of wheels, your first stop should be SACFCU. While many people start at the dealer’s lot, you’ll enjoy a lower rate, a simpler loan application, and other big benefits when choosing to finance your car here at the credit union. Let’s take a look at the differences in the
Q: I graduated college with a huge student loan debt, since then I have started a steady job. I’ve been making regular payments toward paying down my loan. Is it possible for me to buy a house while I’m still paying off this debt? A: Student loan debt that is managed responsibly should not hold you back