Financial Literacy

One job of a parent is to teach their children how to save money. With the right skillset and a clear understanding of finances, young adults have a better chance of reaching their short- and long-term financial goals. Start by selecting the right Savings Account.

With the New Year just around the corner, now is the perfect time to start making plans for a financially healthy 2018. A great way to start is by reflecting on the financial successes and challenges you encountered during 2017 and using them to help you have an even better 2018, and beyond.
A great deal of responsibility comes with getting your first credit card, so learn how to use your new credit card properly and keep your credit history on the right track. Keep your credit score looking good by following these first credit card tips.
Despite the recent popularity, cryptocurrencies have no intrinsic value and currently remain an experimental concept that is not regulated or backed by any central bank worldwide. In less than a year, the popularity and price of Bitcoin and other cryptocurrencies has blown up, forcing large institutions and governments to consider their validity and uses in the finance, business and media spotlight.
There are a few ways you can improve your credit score. Start with a solid budget to begin repayment and make timely, consistent payments. Keep your spending in check with a secured credit card and a debt-to-credit ratio of 30 percent or less. With a little time and determination, you can rebuild your credit and bring your credit score up, which will help you make larger purchases later.
In 2018, credit union technology allows you to access cash in exciting new ways. Person-to-person payments are becoming more and more popular, while cardless ATM technology is being developed by ATM providers. Want to earn cash on money you’re already spending? Make sure you enroll in your Mission Fed Credit Card in Mission Rewards, where you can earn points and redeem them for cash back, travel, gift cards and more! Learn more about the benefits of banking at a credit union today.

When it comes to safety and security with Online Banking, are you safe? That depends on your habits when you access your financial information. Be cautious about how and when you access your secure information and whom you choose to share it with. At Mission Fed, your success is our bottom line, so we incorporate secure technology and best practices to make sure your information and your money are as safe as possible. When you use caution while accessing secure sites and bank with institutions like Mission Fed that invest in secure technology, your accounts and information are much safer.

Since the Great Recession, home values and rental rates have increased dramatically, impacting affordability. With many publications showing the cost of housing in San Diego remaining between 40%-50% of net income for many households, it doesn’t appear we have made much progress in leveling out housing expenses.
Do you know all the benefits of opening a checking account? Using a checking account not only helps you keep track of your spending and payments, but it can also give you access to your money more easily while keeping it safe and offer you convenient tools, too. Learn how to take advantage of the benefits that come with a checking account.
At Mission Fed, we’re always looking out for your success. And that includes giving you tools and resources so you can help keep your money, personal information and accounts secure. Learn more about check scams, phishing scams and how to keep your identity safe in this week’s blog.

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