Money Matters by Farmers Insurance Federal Credit Union

May 4, 2023

The 2×2 System. May: Savings And Debt Management.

A recent study found that people who automate saving toward their goals achieved a 73% increase in savings over people who didn’t. The bottom line: you’ll save more (and avoid temptation to spend) by automatically saving toward your goals each month.

Financial Wellness

April 27, 2023

“Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and make some moves to save more.

Financial Wellness

April 20, 2023

Buy Now, Pay Later?

Airfare to air fryers. Thai food to tie clips. Memorabilia to memory foam. You can purchase just about anything these days with a buy now, pay later (BNPL) plan. In 2022 alone, consumers in the US bought around $250 billion in goods using BNPLs. The allure of making a small initial payment and splitting the remaining obligation into a series of automatic withdrawals is undeniable. The question remains: Is this a smart way to gain spending flexibility or a tool rife for accumulating bad debt?

Financial Wellness

April 13, 2023

Meal Plans: A Valuable Tool for Healthy Savings

ome. While this will save you money, however, cooking every meal can be daunting for some people, unless you make a meal plan. Here are some tips for creating a successful plan to boost your financial (and personal) health.

Credit Union News

April 7, 2023

Message From Our CEO

A recent headline in the Wall Street Journal went: “Mass Layoffs or Hiring Boom?” This curious title perfectly sums up the difficulty we are all facing: deciding where our economy is heading.

Financial Wellness

March 30, 2023

What Can You Do To Prepare For A Recession?

When a major storm is headed your way, you prepare yourself. The same should be true for a recession. A growing consensus among economists is that the U.S. economy will enter a recession in 2023. These tend to go hand in hand with major stock market declines and unemployment.

Farmers Agents

March 27, 2023

How To Prepare For A Recession Part 1: Finance

The Federal Reserve has committed to a policy of fiscal tightening by raising interest rates. According to Fed Chairman Powell “we still have some ways to go…we will stay the course [keep raising rates] until the job is done.” This leaves the economy on a knife edge. Raise rates too much, too fast and we fall into recession. Too little and prices continue to rise and eat up savings.

Family Matters

March 23, 2023

Planning For A Successful Long-Distance Move

Moving is rough and considered one of the most stressful experiences people can go through. That stress can intensify when moving thousands of miles across the country. You may need to move for work or family obligations, or maybe your company is making remote work permanent and you can live in an idyllic hideaway.

Financial Wellness

March 16, 2023

How to Reduce Your Electricity Bill: Ten Tips for Saving Money

You’re probably groaning in frustrated agreement already. Electricity costs can quickly add up and become a significant expense for many households, especially when energy demand is high. With the cost of electricity constantly rising, finding ways to reduce your electricity bill is crucial. Luckily, there are many simple and effective ways to save money on electricity. Here are ten tips to help you save money on your electricity bill and lower your energy costs.

Financial Wellness

March 9, 2023

Feeling In Limbo With Your Student Loans? Here Are Things You Can Do Now.

f you’ve kept up with the news, you’ve heard about the White House proposal for up to $20,000 in student loan forgiveness: the Student Debt Relief Plan. Frustratingly, it’s a bit of a waiting game right now as the proposal and its future is pending a ruling by the Supreme Court.

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