Money Chat – Tag
Credit Unions Vs. Banks: Understanding The Three Key Differences
When it comes to managing your finances at established banking institutions, you have a choice between traditional national banks—like Chase and Bank of America—and your local credit unions. While both offer similar services, there are significant differences between them that impact how your money is managed, made available, and utilized. In this Money Chat, we will help you understand the three key differences between credit unions and banks and how those differences impact your daily life.1) Ownership Structure of Banks vs Credit UnionsOne of the main differences between banks and credit unions is their ownership structure. Banks are owned by shareholders ...
Seven Steps Toward Financial Independence for Beginners
If you’re “flying solo” financially for the first time, you might feel a little lost or overwhelmed. However, you shouldn’t feel isolated by that feeling, as the Pew Research Center found that just 24% of U.S. adults are fully financially independent by 22. Financial independence and wellness does not come easily. Following these listed tips and tricks is not the be-all-end-all of financial literacy, but it can set you on the right path. Our goal in this Money Chat is to help provide a list of first steps any beginner should take as they work toward financial independence. Step 1) ...
