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Money Talk

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

How to Teach Your Kids About Money: Part 2
How to Teach Your Kids About Money: Part 2

According to a survey by JumpStart Coalition for Financial Literacy, Only 26% of 13-21 year-olds said that their parents taught them how to manage money. Yikes!

It shouldn't come as a surprise that, at MIT FCU, financial literacy is of paramount importance. That's the main reason we regularly host free financial education seminars and webinars and why we publish additional content on social media and here on our blog. In this 5-part blog series, we're diving deep into actionable steps and strategies you can use to get a leg up on teaching your kids to manage their money well. Let's get started.

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10 Steps for Setting Up a Side Hustle - Step #5 Setting Goals

An important step in setting up a side hustle that you hope will become a successful business is to set goals. But where do you start? Understanding your "why" is a key step in building your plan. This post draws on SMART goals, and walks you through a few "why" examples and the steps and end goals you may be seeking. If you're serious about making a go of your hobby or passion, consider your "why."

Happy Group of Kid's at Summer Camp
How to Lock in Savings for Children's Summer Camp

Trying to find childcare and the money to pay for it is a challenge many working parents face. During the summer months when school is out and kids are on vacation, summer camps can provide activities and supervision for your kids when you're unable to.

Teaching kids about money
How to teach your kids about money: Part 1

Start early

According to investor extraordinaire Warren Buffet, parents' biggest mistake is waiting until their kids are teenagers before teaching them about money. Some experts say that children's money habits are formed by the time they are 7, so it's best to start early. 

groundhog in a field during spring
Taxes | Groundhogs

The yearly federal tax filing deadline is April 15th (except in 2020, when we all got a bit of an extension!). Whatever your tax situation ends up being, refund or owe money in 2021, make a plan to file your taxes on time. It won't be quite as difficult a situation now, because you've got options available. 

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KnowBe4 Security Tips - Holiday and Seasonal Scams

With the ever-growing popularity of online shopping and online communications, you should always have your guard up in the cyberworld. Criminals will use any situation to their advantage–especially when it comes to annual holidays.

In this article you’ll find a few examples of commonly used seasonal and holiday scams, and what you can do to protect yourself.

empty wooden chair on a stage
10 Steps for Setting Up a Side Hustle - Step #4 What makes you better?

It's a big world out there, and these days it seems everyone has a side hustle. Sure, you can get business from your immediate community. Still, if you want this business to fly, you've got to do some planning and consider ways to make your business stand out from the others. A quick review of what you're offering and what your competition is offering should make it clear what makes you different?

Saving money on exercise equipment
How to Save Money on Exercise Equipment

Check out these 7 tips to help you get your home gym set up and save money doing it, from writer Deb Hipp at debt.com.

Meal prep containers
Budget Meal Prep Ideas for College Students

Are you a college student who struggles with cooking your own meals? This article from Meal Plan Addict will help you put your menu together on a budget.

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