Financial Literacy

Has anyone ever suggested you open a money market account and left you wondering: What is a money market account? A money market account offers you the same convenience and protection of a traditional savings account, but with the ability to earn higher dividends on your money. Stop by Mission Federal Credit Union to learn how a Money Market Account can improve your savings.
Understanding how the credit score scale works and why your credit score matters will help you work on improving and maintaining a good credit score. While mistakes can hurt your credit score and impede your ability to secure loans and low interest rates, a good credit score can mean better rates on loans and credit cards. Find out more about why your credit score matters and improve your financial future today!
These savings tips for thirty-somethings can help young professionals manage their savings to meet their priorities, such as building their credit, purchasing a new car, buying a home or putting money away for retirement. By choosing the right financial products from a lender with competitive rates and great educational resources, thirty-somethings can successfully save for their future while still enjoying the present.
At Mission Fed, we’re constantly evaluating new technologies, to either give you more banking options or to make the current features faster, safer and more convenient.
Are you ready to start planning your financial future? Here are six tips to set you up for financial success today!

Your home is an asset that may contain equity. You can turn that equity into cash to use for major purchases like a vacation or school tuition, a home remodel or solar panels, to consolidate debt and much more! Apply for a Home Equity Loan, Home Equity Line of Credit or refinance your home to access the equity in your house.

Many successful people will tell you, it’s not how much money you make, but how much money you spend that affects your short-term and long-term financial health. By making a few simple adjustments to your daily routine, you could cut costs allowing you to save more for retirement, your next great vacation or maybe even for those solar panels you’ve been considering. Not all activities are simple, but saving money can be.

Transitioning from school into the “real world” requires knowledge of personal finance. To set yourself up for financial success after high school, college or grad school, you have to have a workable budget that leaves room for necessities, discretionary expenses while saving. You also need the right financial management products and retirement accounts. Mission Fed can help with quick tips for financial success following each of these life stages.

Have you thought about investing in real estate as a long-term financial asset? Mission Fed is here to help with five key ideas to keep in mind while you get started on your real estate investing career.

What will you need to carry with you to buy things, identify yourself, show proof of insurance and get great deals from loyalty clubs? One thing is for certain, your wallet is going to look a lot thinner or possibly not exist at all! Your future wallet will most likely become more digital and less physical, allowing you to pay for everyday items using your smart device both online and in stores.

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