Is Debt Such a Bad Thing?
The answer is…Yes, it can be, but it does not have to be. If you are in debt, you are not alone. According to 2022 consumer debt statistics and the Federal Reserve, debt among Americans has risen about 6.14 percent annually, hitting $4.4 trillion in January 2022. Americans owe almost 10 percent of their disposable income, have […]
Financial Tips: Start Saving
Financial Tips: Start Saving! A few goals to consider: Have an Emergency Fund – Have a reserve set up to guard you against financial disasters. Start with getting to $1000 andThen work on the suggested amount which is up to six months of income. Save for What You Want – Start setting aside money for […]
Financial Tips: Let’s Create a Budget!
Just in time for the New Year! Creating a budget allows you to track, review, and modify where your money is going each month. 50-20-30 Budget Rule: One method is the 50-20-30 budget rule. Apply 50% of your take-home pay to needs, such as your mortgage or rent, utilities, groceries, and transportation; 20% to savings, […]
Financial Tips: Smart Holiday Shopping Tips!
Smart Holiday Shopping Tips! If you have not started your holiday shopping this year, relax. Don’t let the stress and hype of anticipated supply chain shortages cause you to panic-buy and fall victim to holiday scams or over-spending this holiday season. Below are a few tips to be aware of while shopping for the holidays! […]
What if We Can Make Tax Season a Little Less Painful?
No one wakes up and says, “Yes, I get to do my taxes today!” For most Americans, tax time is not associated with fun times. It is more associated with a feeling of dread. Thankfully, there are ways to make it less painful and more profitable. Taxes are needed to provide certain services for our nation. […]
The “B” Word for the New Year
No one likes hearing the “B” word. The thought of the word can cause stress, anxiety, and even anger. Still, it seems to be gaining ground—the ultimate “B” word being BUDGET. A 2013 Gallup poll showed that only 32% of US Households maintained a budget; in 2016, it showed 41%. Currently, the numbers show over 55% of people […]
Financial Tips: Cyber Crime
We have tips on how to protect yourself and stay alert against cyber crime. Cyber crime includes more than fraudulent e-mail messages and fake websites that allow criminals to take your money. A cyber crime may involve tactics using ransomware, where criminals lock you out of your files until they receive a ransom, or phony phone […]
Financial Tips: Did you know this about AODFCU?
Did you know this about AODFCU? Established in 1950 37,000+ members, about 80 of which are employed here Membership recognized at over 2,000 credit unions across the U.S. Over $400 million in assets
Protecting Your Financial Information and Understanding Fraud Prevention
Holidays are right around the corner, and sadly, so are the scammers. Upcoming Holidays were established as a way of celebrating. Special times for gathering together with friends and family, creating memories, and in many cases, SHOPPING! Which also means more opportunities for fraud. FRAUD is a broad term that can be misused and misunderstood […]
Financial Tips: We Are So Thankful For Our Members!
We are so thankful for our members! We are celebrating International Credit Union Day in October and for those of you who are not members of AODFCU yet. Let us introduce ourselves! We provide our members with access to the very best financial support at more affordable rates that for-profit banks, so that they can seize […]
