Back-to-school shopping can put a strain on your budget, but a little planning can go a long way! Before you start shopping, make a list of the school supplies, clothing, technology, and other essentials your family needs. Setting a budget ahead of time can help you avoid impulse purchases and keep spending on track. A […]
Your Credit Score: What You Need to Know Your credit score can play an important role in your financial life, from borrowing money to qualifying for competitive rates. But do you know what goes into your score, and what you can do to improve it? Join FRB Federal Credit Union for an informative and interactive […]
The holidays should be a time for celebration, not financial stress. By starting your holiday budget now, you can spread out expenses, avoid last-minute overspending and enjoy the season with greater peace of mind! Start With a Holiday Budget Make a list of your expected holiday expenses, including: Estimate what you’ll need to spend overall, […]
When comparing a High-Yield Savings Account (HYSA) and a Certificate of Deposit (CD), it is important to understand that each is designed to meet different savings needs. While High-Yield Savings Accounts often offer rates that exceed those of traditional savings accounts, those rates are variable and can rise or fall as market conditions change. As […]
Boost Your Budget: Score automatic cash back and uChoose Rewards® points by using your FRBFCU® Visa® cards. Audit Before Buying: Inventory last year’s leftover supplies and clothing before making a shopping list. Shop Tax-Free: Time your purchases with local sales tax holidays to maximize your bottom line. Gear up for the upcoming school year without […]
Written by Chris O’Shea Tips to help maintain your budget over the long term. Even with the best intentions, some budgeting pitfalls are hard to avoid. The good news? If you can recognize them early, you can avoid frustration—and more importantly, budgeting burnout. Here’s what to watch for. Guessing Variables The most common budgeting mistake is […]
Written by Chris O’Shea Learn how loud budgeting can help you. Loud budgeting is the latest trend in the financial world. And it’s gaining traction on social media. Taboo No More For a long time, money and finances were taboo topics. For whatever reason, the taboo surrounding financial discussions has stunted the growth of financial […]
Written by Jean Chatzky Using micropayments to help you knock down high-interest debt faster. Do One Thing: Consider paying part of your credit card bill a couple of weeks earlier each month to get in the habit of paying down the debt more quickly. The Power of Micropayments Here’s something that credit card companies charging […]
Written by Chris O’Shea Tips for converting a traditional IRA to a Roth IRA. Converting a Traditional IRA to a Roth IRA can be worthwhile, but timing matters. Deciding when to make this “Roth Conversion” primarily depends on whether you expect your current tax rate now to be lower than your future tax rates. When […]
FRB Federal Credit Union® is excited to introduce our new Online Book Club, inviting members to connect, learn, and grow together through thoughtful conversation. This virtual series will cover topics like personal finance, wellness, and personal growth. We are starting with The Wealth Ladder by Nick Maggiulli, a practical and insightful guide that breaks down […]