Once you start receiving your first paychecks after graduation, knowing how to spend or save your money wisely can be tough. While you may be able to do your banking with just a few taps on your phone, managing money well is much more complicated. Here are a few tips to help you get started. Continue reading
This article reprinted courtesy of NerdWallet.
Whether you make your living flipping burgers at a fast food joint or houses on the real estate market, you need a place to park your income. That’s what makes checking accounts so popular. It’s the bank account you’ll likely use the most, whether for buying groceries, withdrawing cash at an ATM or depositing a paycheck.
While bank and banking are universally understood and accepted terms, the term credit union is still largely misunderstood and unknown to many. Credit union is an unusual term, isn’t it? Is it just another name for a bank? Is it a credit card company? Do I have to be in a union to join? Watch the video.
Having an actual conversation is just one small part of today’s mobile experience. Now, more than ever, people are using their phones for banking, doing things like budgeting, paying bills, transferring funds and depositing checks.
In a recent survey conducted by the Federal Reserve, 52% of smartphone owners are mobile bankers. But for those who are resistant to the idea, one reason cited was their concern about security. According to Juan Lepe, Vice President of Information Technology Planning and Risk at SchoolsFirst FCU, secure mobile banking is really a partnership between financial institutions and consumers.