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Money Matters Blog

Tuesday, January 25, 2022

Security Tips: Multi-Factor Authentication

In our digital world, passwords are as much a part of our lives as Netflix and Amazon. Keeping information stored in dozens of accounts across the web can make it easier to stay on top of your finances, order a new pair of jeans, or even schedule a dentist appointment. Unfortunately, passwords can be relatively easy for scammers to hack, opening the door for identity theft, credit card fraud, and more. Here’s where multifactor authentication (MFA) comes into play. As a means of securing your information, MFA provides an extra layer of protection for your accounts and sensitive data. 

Here’s all you need to know about MFA, how it works, and why it’s an important step in protecting your information. 

Friday, January 21, 2022

School Spotlight: Safe Savers for the 2021-2022 School Year

Coordinator Amy P. and D-Pozit making
the rounds on PCSA Wagon Deposit Days! 
This year our Education Partnership Coordinators had to get creative! The goal was, and continues to be, ensuring that our youngest Community Financial Credit Union members stay safe while being able to reach their savings goals. Through-out the pandemic thus far, there have been a number of methods developed to enable students to make deposits at their schools. Some students even got to enjoy the experience of working the Student-Run Credit Unions while keeping socially distant!

Tuesday, January 18, 2022

Is Inflation Here to Stay in 2022?

With the recent hike in prices, it may feel like you need to take out a second mortgage just to fill up on gas and restock the pantry. Why is this and are these inflated prices here to stay? Well, according to a recent Bureau of Labor Statistics report, U.S. inflation is currently running at a 13-year high at 6.2% as of October 2021--and it’s showing no signs of slowing down anytime soon. Here’s what you need to know about the current state of the U.S. economy and what you can likely expect in the coming months.

Inflation isn’t going anywhere soon

The rising prices currently happening in just about every sector is hardly surprising news at this point. The inflation rate fell at the start of the coronavirus pandemic as the nationwide lockdown had people hunkering down in their homes. In March 2021 however, the impact of halted manufacturing began hitting the market and crude oil prices started climbing, and the inflation rate increased to 2.6%, hitting its current high of 5.4% in June and July. While the rate started falling in August to 5.3%, it then climbed right back up to 6.2% in October. 

Unfortunately, for the average consumer who’s struggling to cover expenses amid rising costs, this means inflation isn’t going anywhere soon. 

Tuesday, January 11, 2022

Tips for Grads: Planning for College Tuition

With January comes the second half of the school year and, for upperclassmen, the impending excitement (and dread) of college right around the corner. While there are many amazing things to look forward to when graduating high school, the looming worry about college tuition is there for the majority of graduates. If you’re part of the nearly 60% of Americans worried about having enough money to pay for college or trade school, you’re not alone. And while it may seem daunting—we’re here to help!

Focus on Positives

Tuesday, January 4, 2022

Jumpstart Your Small Business Resolutions

With the new year comes New Year’s resolutions and the chance to start anew. And while many resolutions may revolve around personal goals, like living a healthier lifestyle or reading more books, business resolutions are just as important! The new year is the perfect time to reinvent your business and breathe new life into your finances. So, let’s put on our entrepreneurial hats together and get ready for 5 exciting ways to jumpstart your small business resolutions.

Set an Exciting Goal