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Money Talk

Tips and Tricks to help you make better decisions and live your best financial life.

Woman with head down on her laptop
10 Steps for Setting Up a Side Hustle - Step #10 Don't Quit Your Day Job - Yet!

Small businesses are not a set it and forget it kind of thing. The tips and thoughts included in this post will prepare you for what's to come – a possibly great adventure that has its ups and downs, just like life.

mother and child under a tent at night reading
Have Some Frugal Fun as a Family This Summer

Summer breaks never hang around as long as we'd like. For parents of school-age kids, contrary to popular opinion, the summer is not a break by any means. The academic school year may end in June, but school days are quickly replaced with other activities. The possibilities are endless, and it feels as if time never slows down to give you a break.

STUDENT TALK Adulthood: Renting and Loans
STUDENT TALK Adulthood: Renting and Loans

Student Talk, a series of student-written blog posts, was started in partnership with the PKG Center's Social Impact Internship Program. It’s focus is providing financial education for students and marginalized communities. MIT Federal Credit Union understands the importance of our community and creating a space for all voices to be heard. If you are interested in writing for our blog, please email us at marketing@mitfcu.mit.edu.

Adulting, whether you’re new to it, actively doing it, or expecting that knock on the door any day, can seem like an unexplored frontier. Some of the largest milestones make it very clear that you "have arrived" including the inevitable finding a place to rent, and getting a loan (because let's face it, you usually can't pay cash for things like cars and other big purchases). In this post, I'll provide a basic rundown of what to expect when it comes to these key adulting milestones.

STUDENT TALK Homebuying 101
STUDENT TALK Homebuying 101

Student Talk, a series of student-written blog posts, was started in partnership with the PKG Center's Social Impact Internship Program. It’s focus is providing financial education for students and marginalized communities. MIT Federal Credit Union understands the importance of our community and creating a space for all voices to be heard. If you are interested in writing for our blog, please email us at marketing@mitfcu.mit.edu.

Understanding what goes into buying a home can give you a path to success in getting the best deal. Here, we give you an idea of the basic steps of home buying so you can realize a dream rather than just dreaming about it.
 

Woman teaching her child to save
How to Teach Your Kids About Money: Part 4

In the last post in this series, we talked about the importance of getting your own financial house in order. It may not seem important, but if you want a chance of teaching your children good money habits, it's essential. In this post, we'll be talking about giving your kids some perspective on money and wealth in the world.

man and woman working on taxes
10 Steps for Setting Up a Side Hustle - Step #9 Taxes and Small Business

Whether you're just getting  started with that Side Hustle, or growing it to the level of full time job, one question many don't ask (but think in their head) is, "Do I make enough money to have to worry about taxes?" Unless you're making very little, and don't have a full-time job otherwise, you probalby should look into taxes, how much you owe, and how to file. This post provides a list of great resources to assist you. 

Person using a card for a purchase
10 Steps for Setting Up a Side Hustle - Step #8 Merchant Account or Non Merchant Account Payment Options

When it comes to small business, side hustles, and building a business, getting paid is important! In fact, if you're not getting paid, it's not a business. This post outlines the options you have for collecting payments beyond cash and checks. It also explores cybersecurity as it relates to payment options, and what you as a business owner is liable for. 

How to teach your kids about money - Part 3 - banner
How to Teach Your Kids About Money: Part 3

Anyone with kids knows that "Monkey See, Monkey Do" is a much more accurate description of parenting than "Monkey Gets Good Advice From Mom or Dad, Monkey Do." Of course, you can talk about good money habits until you're blue in the face, but let's be realistic, kids pay attention to actions, and that's what's important when it comes to raising financially literate and responsible kids.

Welcome to part 3 in this 5 part series, where we're exploring actionable steps and strategies you can use to teach your kids about money - specifically, how to be GOOD with money. In this post, we'll be covering what is perhaps the most crucial step in teaching your children to be financially literate and responsible:

First, You Must Get Your Own Financial House in Order

competitive pricing circled in red on graph paper
10 Steps for Setting Up a Side Hustle - Step #7 How Do You Set Your Prices?

Pricing - This question always comes up when we're talking about starting a business. Especially if your client base up until now has been friends, and people within your existing work/life network. And let's be honest, perhaps you're not charging them a lot, or anything at all. This post will provide you with tips, things to consider, and a lot of great resources to assist you with how you look at pricing, how not to undervalue your work, and how to stay competitive or maybe even get more money than your competitors simply because you're better than they are!

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