Millennials are the largest generation in the U.S. Their financial and career health is already an important engine of the economy and will continue to be for decades to come. If you are a millennial, you’re part of the first generation to grow up with access to the internet and smart devices. But being tech savvy doesn’t necessarily mean you’ll have financial success. Let Mission Fed help you with 8 tips to begin the process of having financial health now and in the future.
Since your financial situation typically fluctuates over time, it’s good to keep an eye out for low rate Auto Loans and Mission Fed is here to help! Mission Fed offers Auto Loans with our Bottom Line Rates Every Day, meaning you can refinance your automobile with a low interest rate and flexible terms. Refinancing to a low rate could mean more money in your pocket for fun adventures around San Diego and spending more time with friends and family. It’s not how much money you make in life; it’s how much you spend—and save!
Schedule time on the calendar to have a money talk with your kids. It’s never too late to start the conversation and put a plan together for their financial education and readiness. With a little guidance and real world experience, they will learn to respect and value their hard earned money, just as we do.
It’s important to acquire debt, and it’s even more important to pay it back! Mission Fed is here to help you on your journey no matter where you are starting. Read on for helpful advice on what to look for when applying for a new credit card and how to effectively pay down and manage your current ones by making an action plan. Paying off your debt is a process, and your success is our bottom line.
Think out of the usual 401(k) box and expand your retirement savings by opening and IRA or certificate. Planning now for a great retirement can be as easy as setting aside extra unexpected funds and budgeting your regular expenses. A daily $5 latte costs $1,825 a year. Treating yourself half as much and putting the additional funds into your retirement savings could help you live the lifestyle you’ve always imagined in your golden years.
With more than 25 local branches to serve your needs, Mission Fed is the largest, locally based financial institution exclusively serving San Diego County. Because we are a great union that was founded not for profit, but for service, we’re able to offer low Auto Loan, Home Loan and Credit Card rates to our members. And because we’re focused on San Diegans and our community, we have promotions throughout the year that put money back in your pocket and into local nonprofits.
Social media isn’t just for keeping in touch—it can be a useful tool for bargain-hunting, too. Mission Fed VP Marketing Operations Donna Handwerger looks into ways to save money via social media in this week’s blog.
Mission Fed VP Operations Millie Garland-D’Aprile explains that scams can happen to anyone, and the best way to prevent them is awareness and vigilance. Learn more about check scams in this week’s blog.