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Money Talk

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

Locket in leaves that says stop wishing, start doing
Smart Steps for a Side Hustle - BONUS TIP - Don't Make Need Your Motivation

As promised, here is your bonus tip. 

Don't quit your day job. Sounds like a negative tip, I know. But in reality, thinking that if you are struggling, and starving and not able to pay the rent you'll get off the couch and do something is probably NOT the way to get yourself motivated to start up or ramp up your business. This post puts it out there, that "need" isn't going to be the answer. You don't have to NEED, you have to WANT!

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. 

young kid with a big smile wearing a backpack
Top Ten Items for Children's Summer Camp Success

Anyone with children knows we want to set them up for success. With summer camp, it's no different. In all cases, kids are much better off when they're prepared. When they're certain they'll have all they need to get through the day, children are more confident and relaxed in pretty much any situation. Rushing around at the last minute to find and gather things can leave a child, and their parent(s) or caregivers, feeling uncertain and anxious. I've put together a list of the top ten items to get your child prepped for camp with all the essentials. 

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