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By: AgFed Credit Union

Welcome to AgFed Credit Union's MoneyDig blog! 

Get confident about your personal finances with a number of articles, tips, advice and more.


How to Get the Most Money for Your Trade-In

 Jun 10, 2021
While many people may think they have some tricks up their sleeves to obtain the best deal on their next new vehicle, typically, it’s the car salesman that seems to always come out ahead. However, if you approach your new car shopping with a plan, you might be able to grab yourself a great deal, even when you’re trying to trade in your existing vehicle. Here you’ll learn some tips on how to get the most money for your trade-in.

Now Might Be a Good Time to Refinance Your Home Loan

 Jun 07, 2021
Depending on your situation, refinancing your home could be either an expert financial decision or a worrisome financial misstep. That can be a lot of pressure, but we’d be happy to help you out! To get you started, we’ve put together some refinancing advice for you to consider.

Understanding Your Car Insurance (and Payout)

 Jun 02, 2021
How do you file a car insurance claim? What do you need to know? How will an accident affect your auto loan? For a lot of drivers, the inner machinations of car insurance are surrounded by mystery and confusion. We understand that insurance can get complicated. So we’ve put together a straightforward overview to to help you navigate the rocky waters of the claims process.

Quick Tips to Prevent Fraud

 May 27, 2021
Fraud prevention can take some effort, but it's definitely worth it. Protecting your "worth" is the best way to ensure a healthy future in financial terms. Common sense goes a long way towards keeping your accounts secure, but constant awareness of the risk is not considered paranoid today. It's all too easy to become a victim.

Why Personal Loans May Be the Best Choice

 May 25, 2021
Many people turn to credit cards when financial fires need to be put out quickly. While credit cards can serve an important purpose for helping out in financial jams, they aren’t always the best options for people to consider. In fact, there are other options that offer far more favorable experiences when you find yourself in need of fast cash to help resolve one of life’s little emergencies. One of these options is a personal loan.

2 Ratios That Affect Your Loan Approval

 May 20, 2021
We live in a world where loans can help us afford the items we need without having to make hefty initial payments for the items. People are getting mortgages to purchase their first home, car loans to have an extra vehicle for their spouse, personal loans to finance a home business, and credit cards to pay for incidentals. Providing a lender with the appropriate information will allow them to make the best decision so they can approve you for the loan that you want.

Three BIG Reasons to Join a Credit Union

 May 17, 2021
Right off the bat, we’ll admit it: We’re pretty darn biased in favor of credit unions. We can’t help it, being a credit union ourselves and all. We believe credit unions are the best possible financial institution for community empowerment, excellent service, and individual financial freedom.

The Pros and Cons of Building a new Home

 May 11, 2021
While there are a few important choices to make during the home-buying process, one of the very first decisions you'll need to make is whether you’ll buy an existing home or build a new one. Building a new home can be exciting and offers many advantages, but it also has drawbacks when compared to purchasing an existing home. To help you figure out if building a home is the right choice for you, consider the pros and cons of both options.

15 Financial Terms You Need to Know

 May 05, 2021
We know that not everyone is as fluent in credit union and financial lingo as we are. We’ve even seen our own members get a little lost in all the financial terms that come with being part of a credit union. If you’re used to just nodding your head when someone busts out the financial jargon, have no fear! We’ve compiled a list of 15 common and useful terms to help you navigate the Jargon Seas.

7 Ways to Save as a Family

 May 03, 2021
When looking for ways to save more money, it’s essential to include the whole family. When everyone within the household has a clear understanding of the family’s finances and monetary goals, you’re more likely to succeed.

Tips to Help Teens Succeed in Their First Job

 Apr 29, 2021
That first job as a teen is almost as exciting as passing the driver’s test and getting a license to drive. But, with this great independence comes even greater responsibility. These tips will help your teen make the most of their first job so that they can enjoy greater success. And, if you’re a parent of a teen, be sure to pass these along to your teenager as they prepare for their first job.

Is Downsizing Right for You?

 Apr 27, 2021
Downsizing your home is something you may eventually decide to do. While downsizing can help you save money on living expenses, there are specific lifestyle changes that may be required to make it work for you. These tips will help you make better-informed decision when you make the move to downsize your living space.

Quick Tips for Buying Pre-Owned Vehicles

 Apr 22, 2021
Buying a new vehicle isn’t the only option. Today, it’s possible to save money and even make a better investment by purchasing a pre-owned vehicle. However, not every vehicle on the lot is a good buy. There are several steps vehicle shoppers need to take to ensure they are making the best financial decision possible for their needs. What should car buyers look for when buying pre-owned vehicles?

AgFed's Board of Directors and their Role in the Credit Union

 Apr 19, 2021
While most financial institutions are owned by stockholders, credit unions operate differently. Did you know that your credit union is run by members just like you?

5 Ways to Build Your Emergency Fund

 Apr 15, 2021
Whether it is car repairs, medical bills, or a sudden job loss, unexpected expenses are sure to pop up from time to time. Putting aside three to six months of living expenses into an Emergency Fund should be at the top of everyone’s financial to-do list.

Understanding the True Costs of Owning Pets

 Apr 12, 2021
Are you thinking about expanding your family with a pet? Before you head to a local animal shelter, it's a good idea to consider the financial commitment adding a new member to your family brings. Pets can provide companionship and cuddles, but they also need to eat, go to the vet, and be cared for regularly. . To make sure having a dog, cat, or other furry friend works with your budget, add up the initial, ongoing, and surprise costs associated with pet parenthood.

How to Safely Use your Mobile Payment App

 Apr 07, 2021
With the convenience of Peer-to-peer or P2P mobile payment apps come some risks. Read on for tips on how to safely use your mobile payment app.

How to Teach Kids to Budget Money

 Apr 05, 2021
It’s never too early to begin teaching your children about the importance of budgeting. Children as young as toddlers can start to understand the concept of saving and spending. The key is to start early and expand on their knowledge and understanding as they age. Here is a list of ideas to keep your kids engaged in the budgeting process, no matter their age.

Youth Savings is Youth Success

 Apr 01, 2021
Teaching financial literacy to children sets them up for a lifetime of success. Celebrate Youth Savings Month with us!

4 Ways to Stop Impulse Buying

 Mar 30, 2021
Right now, you can easily buy anything you want with a quick tap on your phone or a swipe of your card at the store. Beyond that, both brick-and-mortar stores and websites push impulse purchases on you constantly, making it even harder to say no. But you can take control over impulse purchases — you just need to set a few rules.

You Can't Get More Local than a Credit Union

 Mar 24, 2021
The Federal Credit Union Act was signed into law in 1934 and credit unions have been at the forefront of community involvement and financial empowerment ever since then. Read on to learn how credit unions impact the local community.

The Best Home Improvements for Resale Value

 Mar 22, 2021
If you're considering selling your house in the future, it’s essential to understand the best home improvements for resale value. In order to get the most money for your house, your home must be in top-notch shape to attract buyers and get the highest offer possible — perhaps even a bidding war! Don't underestimate the value that even minor improvements to your home could add to your bottom line.

Spring Cleaning Your Finances

 Mar 19, 2021
Spring cleaning your home is probably not new to you. You declutter the garage, clean windows, wipe down baseboards, clear out your basement, and more. But, what about your finances? It pays to spend some time spring cleaning your finances too.

Preparing for a Bundle of Joy Without Spending a Bundle of Cash

 Mar 17, 2021
New or expecting parents may wonder how they could possibly afford to have a baby. Here are some pointers on how you can financially prepare for your bundle of joy.

Personal Loans: When your Wish List is Bigger than your Budget

 Mar 15, 2021
Is your wish list bigger than your budget? Personal Loans are incredibly flexible and there are more uses for them than you might think. Here are some useful and inventive ways to turn your wish list into your done list.

When is it Time to Ditch My Old Car?

 Mar 11, 2021
It's easy to find advice on how to buy a car, where to buy a car and even what cars to buy. What doesn't seem as common is advice on when and why to buy a car. Read on for answers to common questions about buying a new car.

What Not to do With Your IRS Tax Refund

 Mar 09, 2021
When you receive your tax refund, learning how to spend it wisely is your best bet. But you should also learn some of the ways you shouldn't be using it. Read on for ideas on how to use your tax refund and what you should avoid.

Are Apps Killing Your Budget?

 Mar 04, 2021
While there is most likely an app for that, these apps could be killing your budget. "In-app" purchases can add up quickly. Read on for tips on how to reign in your in-app spending.

The Benefits of Using Your Tax Refund as a Car Down Payment

 Mar 01, 2021
It's always a good idea to set some money aside when financing a vehicle. Here are five reasons why using your tax refund as a car down payment will benefit you.

What's Your Money Personality Type?

 Feb 25, 2021
There are five main money personality types. What is yours and how can you improve your financial health?

How Can I Use the Equity in My Home to Do More?

 Feb 22, 2021
A lot of us have been spending more time at home than we’re used to, which means it’s harder to escape those little home-improvement projects we’ve been putting off. If you’ve got a “honey-do” list almost long enough to use as wallpaper for your bathroom, you’re not alone.

Securing Your Home Devices: How & Why

 Feb 18, 2021
With so many people using smart devices in their homes these days, it’s more important than ever to make sure they are secured. Since these devices connect directly to the Internet, you may not realize they collect and share your data. Therefore, it's essential to understand how they work — and, more importantly, how you can secure them.

Money Tips for Buying a New Car

 Feb 16, 2021
Buying a car can get complicated. Check out these tips to get the most out of your budget.

How to Dispute and Pay for Large Medical Bills

 Feb 11, 2021
Large medical bills can be a financial burden, especially during the COVID-19 pandemic. Fortunately, there are ways you can negotiate these bills and create a payment plan to reduce your debt.

Navigating the Money Conversation with Your Significant Other

 Feb 08, 2021
Don't wait to have this important conversation with your significant other.

A Love Letter to AgFed Members

 Feb 02, 2021
We love our members!

Tax Tips for Unemployment Income If You’ve Been Laid Off or Furloughed

 Feb 01, 2021
Were you laid off or furloughed this past year? Read our post on tax tips for unemployment income.

7 Virtual Tours for the Money-Minded

 Jan 27, 2021
Rare coins, a million dollars, futuristic teller robots and much more await you with these virtual exhibits. See it all from the comfort and safety of your home.

What exactly is a 15/15 ARM, and how do I know if I want one?

 Jan 18, 2021
A 15/15 Adjustable Rate Mortgage can greatly boost your homebuying power, but it is the right option for you?