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Money Talk

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

Couple unpacking boxes in new home
What is a Credit Score and How Does it Affect my Mortgage Loan?

Credit scores have been used for years to determine rates for personal loans, credit cards, and auto applications. Mortgage lenders also use credit scores as one of the factors when making loan decisions. Read our blog to learn more about how a credit score affects your loan.

Individual rolling up yoga mat
Getting Fit - Physically, Mentally, and Financially

In this series we’ll provide a holistic approach to taking care of yourself, with weekly topics that cover everything from grocery shopping to gym memberships. I hope you use these tips and find this information relevant and useful as a way to keep you motivated in 2022. Tune in every week to access a new blog! 

Handing over keys to new home
Closing Fees and What You Should Know

Taking out a mortgage can feel like a daunting task, but it doesn't have to be. Preparation can help you avoid any surprises when figuring out your rate and associated fees. We've compiled a list of fees to keep in mind when evaluating your lender. Read our blog to learn more about what to expect and eliminate any surprises.

young woman taking a selfie with her puppy
How Much Does It Cost To Own a Pet - Cute and Cuddly Costs Money

Yes, furry kids can run up the bills. Even a routine visit to the vet can result in hundreds of dollars spent. And what does that mean for your budget? As part of our ongoing series, Life on a Budget, we're taking the time to review the standard costs of owning a pet as well as ways to manage the unexpected. 

two men looking into a car engine
Auto Expenses - And We Don't Mean the Loan Payment

The purpose of this post is to cover all those other expenses that come with owning a car - expenses you may forget to put into your budget or your plan when you're buying a car. In fact, these “extra” expenses can throw your entire budget out of whack. Why not learn more and make certain your budget is "breakdown proof?'

Asian woman at laptop looking at paperwork
Life on a Budget - 5 Things That Can Make or Break It

Whether you're just starting out, just starting over, or just feeling the need to gain some control and order with your finances, budgeting is something most of us must do at some point. I know, I know. You hear the word budget and think restrictive, limiting. But is it?

chalk on board
Scam of the Week: Beware of Copyright Scammers

In a recent phishing scam, scammers told users that they have violated copyright laws and must take immediate action to protect their account. The scammers claim that the content the user posted, such as an Instagram photo or a YouTube video, violates copyright law. Read more now.

surgeon in full mask and gown starting surgery
STUDENT TALK What My Top Surgery Taught Me About Medical Bills

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.

The healthcare system is especially difficult to navigate for trans and gender non-conforming people. There’s usually a plethora of red tape and hurdles we have to go through in order to get the gender-affirming care and support we need. This is my story, involving top surgery, medical bills, and a debt collection agency.

students talking about finances
STUDENT TALK Financial Planning: Where do I start?

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.

Learning how to handle your personal finances is important, regardless of your financial situation. A financial planner might be a good choice for you or perhaps the DIY approach is more your style. As long as you start making a plan you’re taking that first step. The most important one.

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