The Difference Between Secured and Unsecured Loans Secured loans and unsecured loans. Understanding the differences between the two is an important step in achieving financial literacy, and can have a long-term effect on your financial health. Basically, a secured...

How to Stay on Budget During Inflationary Times If you’ve been to a store lately, you know the cost of everything has increased. This is due to inflation, which is the rate of increase in prices over a given period. Inflation occurs when the supply of money grows too...

What Makes A Credit Union Different Then A Bank Credit unions and banks are all around us. The options for choosing a bank or credit union seem almost overwhelming! Prior to deciding which would be the best fit for you, you must understand what exactly a credit union...

What Is A Certificate of Deposit and How Does It Work? Savings accounts are a popular choice among those who’d like a safe place to store their money while possibly earning interest. However, there are other options worth considering that may allow you to earn even...

Is a share secured loan right for you? Share secured loans are perfect for first time borrowers or those trying to repair their credit history. This loan is one that uses the assets in a savings account as collateral for the loan. When approved for a secured loan, the...

Why to Open A Vacation Savings Account Between transportation, lodging, food, and activities, vacation costs can add up quickly. Vacations are meant to be fun, but penny-pinching and worrying about finances can put a damper on the whole trip. Using a credit card may...

Ways in which student loan debt can impact your life Student loans are one of the largest sources of debt in the United States. There is more than $1.7 trillion of student loan debt in the United States, with the average borrower owing nearly $30,000 to their lenders....

How to buy Christmas Gifts on a Budget The holidays are right around the corner. That means that you’re probably wondering how to budget for Christmas gifts. Although it’s the season of giving, you don’t have to break the bank. With the right planning, you can get...

What is FDIC insurance and what does it cover? What is FDIC insurance? The Federal Deposit Insurance Corp. (FDIC) is the agency that insures deposits at member banks in case of a bank failure. FDIC insurance is backed by the full faith and credit of the U.S....