Tips and Tricks to help you make better decisions and live your best financial life.
Did you know the average American household carries $6,358 in credit card debt?
At an average rate of interest, and paying only the minimum, accumulated interest over 5 years may result in your paying double the amount that was originally spent! Find out more.
As a member of MIT FCU, you know that credit unions are always striving to serve their members and community in as many ways as possible. We value each member’s input as an equal owner in the credit union, and offer flexible loan terms as well as low-cost accounts. We also reward our members with higher dividends, and proudly donate our time and our resources to community initiatives and organizations.
Q: Do I need to have a separate rainy day fund and emergency fund?
A: Some people like things simple. Just remember, rainy day funds and emergency funds serve different purposes. Find out why both rather than one might be right for you.
If you’re in the market for your first apartment, you may be feeling a little lost—and more than a little overwhelmed. How do you get started? What should you be looking for in an apartment? How do you check out a building?
You’re in the market for a furry new friend! You’re getting all gooey-eyed thinking of that small, wet nose, those big, droopy eyes, and those happy, frisky barks. And the online ad you’ve seen for an adorable little puppy makes you believe that dream is well within reach—and well within your budget. Watch out for this scam that has been on the rise in 2020
No one likes to think about what happens when a family member passes on, but it’s best to plan for the financial repercussions of a death in the family long before the time comes.
Q: I’m really trying to stick to a budget this holiday season, and I’m doing most of my shopping online. It should be easy to stay on track, so why am I constantly going over budget?
Did you know there were 14.4 million victims of identity theft in 2018? According to Javelin Strategy, each case cost the victim an average of $1,050 – and that’s only the cost in dollars. When an individual’s identity is stolen, the thief wreaks major havoc on the victim’s financial health, which can take months, or even years, to recover from.
These 8 simple steps will get you literally on the road to buying a pre-owned car without making mistakes than cause buyer's remorse later.