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MoneyDig

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.

What-Documents-Do-I-need-to-update-when-i-get-married

What Documents Do I Need to Update When I Get Married?

 Sep 23, 2021
You've taken vows, heard toasts made towards your everlasting happiness, and even waltzed (or stumbled) onto the dance floor. Your big day has finally come and gone, and you're married. Now the real fun begins — updating all your important documents. While this may not sound that exciting, it’s a crucial step to getting married. Here’s a list of essential documents you’ll need to update after you get married.
Good-Debt-Bad-Debt

Good Debt, Bad Debt – Knowing the Difference

 Sep 20, 2021
You might be under the impression that all debt is bad. That simply isn’t the case. While no one likes to owe money, some loans can help you become more financially secure and provide you with opportunities to improve your current financial situation further. To help you better understand the differences, let’s review the characteristics of both good and bad debts.
Scam-article

How AgFed Members Can Avoid Scams

 Sep 17, 2021
Internet-based criminals steal millions of dollars each year. The internet and cybersecurity continue to evolve and change, but scams will always be a problem. The best thing you can do is to take preventative measures before you do business over the Internet, and to stay informed on the most common scams.
Should-you-buy-a-car-from-a-private-seller

Should You Buy a Car from a Private Seller?

 Sep 14, 2021
Buying a car is exciting. It’s also a significant financial commitment. When purchasing a vehicle from a dealership, in most states, there are certain protections in place to prevent you from buying the proverbial “lemon.” The same does not hold true, however, when you buy a car from a private seller. Here are some steps you should take to ensure a good experience when buying a vehicle from a private seller.
Does-Closing-a-Credit-Card-Affect-your-Score

Does Closing a Credit Card Affect Your Credit Score?

 Sep 08, 2021
That moment, when you FINALLY pay off a credit card that has plagued your thoughts and haunted your monthly bottom line for years, or even decades, can be a moment when you want to tell the company good riddance and leave them behind forever. But, is that the right move to make for your credit score?
0_-BT

A 0% APR balance transfer gives you some much needed breathing room

 Sep 06, 2021
Debt can feel like a burden you have to carry all day, and then pick up again tomorrow. And if your debt comes with a high interest rate, it might feel like you’ll never pay it off. If you’re living with debt, the best thing to do is make a plan that lets you move forward. There are a number of ways to start managing your debt, but one of the most straightforward methods is to get a 0% APR balance transfer.
HELOC-Emergency-Lifeline

HELOC: Your Emergency Lifeline

 Sep 01, 2021
Unexpected expenses or emergencies can be devastating to your finances. One medical bill can set you back hundreds, if not thousands, of dollars. Even smaller financial problems, such as finding the money to perform repairs after a storm, can leave you without any way to make ends meet. However, if you own your house, you have an emergency lifeline surrounding you: the equity in your home. You can tap into this equity with a Home Equity Line of Credit (HELOC) and use the money however you need.
Buy-vs-Rent

Is it Better to Buy or Rent a Home?

 Aug 30, 2021
Owning a home is one of the biggest investments of most people’s lifetime, and for most prospective homeowners it just keeps getting harder. This means more and more people are asking themselves the question, “Should I just keep renting?” Buying a house is a sound investment for some people, while renting might be a better option for others. So how do you know which group you belong to? Here are a few things you should consider when deciding whether to buy, or just keep renting.
Financial-Goals

Achieving Your Goals [Financial or Not]

 Aug 26, 2021
Setting and achieving goals is important in all areas of your life, whether financial or not. The challenge is not so much in creating goals but actually fulfilling them. Whether it’s a New Year’s resolution or a random Tuesday, starting on the path of a new goal is much easier than making the trek to the end. Let’s review how you can increase your chances of success by tweaking your goal-setting process.
First-Time-Homebuyers

Tips for First-Time Homebuyers

 Aug 23, 2021
Buying your first home is one of the most important decisions of your life, we’ve decided to help you by putting together a handy guide. In this guide, we’ll help you better understand what to expect, what costs are involved, and some tips for first-time homebuyers. Here’s everything you need to know about buying your first home:
Why-you-shouldnt-cut-up-your-credit-cards

Why You Shouldn’t Cut Up Your Credit Cards

 Aug 19, 2021
One of the most persuasive pieces of advice we hear about credit card spending is to limit how much you use them in an effort to reduce debt. Yet it isn't vital to destroy all your credit cards or refuse to use them until absolutely necessary to take control of your spending habits. In fact, refusing to use credit can cause issues to your credit score. You may be scaring lenders away when the time comes to take out future loans.
3-Reasons-Your-Credit-Score-Changed

4 Reasons Your Credit Score Changed

 Aug 17, 2021
Many people are surprised to learn that even small actions cause ripple effects that can decrease your credit score. If you monitor your credit score routinely, you may find these changes perplexing. These are four reasons your credit score may have changed and why they affect your score in the first place.
Back-to-School

How to Take the Stress Out of Back to School

 Aug 11, 2021
Summer is winding down and schools are starting up again! Preparing to send your kids back to school can be stressful, particularly because of back-to-school shopping. You might feel like back-to-school time has snuck up on you this year, but don’t worry! There are still plenty of options to help you catch up and get things back on track.
Minimize-financial-effects-of-divorce

How to Minimize the Financial Effect of Divorce

 Aug 09, 2021
A divorce can affect not just your emotional state, but it can also have a significant impact on your finances. If you're going through a divorce, you must develop a plan of attack for your finances. We want to be sure all our members have all the knowledge they need to minimize the financial effect of divorce. Here are some areas you can begin focusing your attention.
Debt-Consolidation-Loan

A Debt Consolidation Loan can Help you Get Back on Track

 Aug 06, 2021
It probably won’t surprise you to learn that finances are the leading cause of stress for Americans. Much of the stress that comes with debt is about how to manage it. Once you’ve figured out how to organize your finances and start making progress on paying off your excess debts, you’ll feel a whole lot better. That’s what a debt consolidation loan is all about.
Car-Buying-Online-vs-Dealership

Buying a Car Online vs. a Dealership

 Aug 03, 2021
When looking to buy a new car, chances are you still consider local dealerships the place to go. However, as the world continues to turn more digital, innovative auto companies are changing the landscape and implementing online car buying.
Tips-to-Simplify-Your-Financial-Life

Tips to Simplify Your Financial Life

 Jul 29, 2021
Everyone knows money stresses people out. In fact, 90% of Americans have reported that their finances are a primary source of stress, and the Coronavirus pandemic certainly hasn’t made things any easier on us. If you’d rather do anything other than balance your budget or do your taxes, you’re not alone. Unfortunately, money concerns have a tendency to catch up with you. The good news is we’re here to help. Here are three basic principles to help you simplify your financial life.
10-Ways-to-Make-Your-Account-More-SEcure

10 Ways to Make Your Accounts More Secure

 Jul 26, 2021
With online transactions increasing each year, it’s more important than ever for people to become vigilant in protecting their identity. Identity theft and fraud are on the rise, and scammers are becoming smarter and more creative with how they’re targeting people and their accounts. Figuring out where to begin to protect yourself can be overwhelming. Here are ten things you can start doing right now to help keep your accounts more secure.
Paying-for-your-wedding

Paying for Your Wedding: Personal Loans vs Credit Cards

 Jul 23, 2021
Paying for a wedding is no small order. There are many details involved — and the entire process can be quite expensive. Many couples rely heavily on credit cards or a personal loan to get them through their weddings. But there is one choice that is almost always the better option. Here’s what you need to know about using credit cards compared to a personal loan to pay for your wedding.
Understanding-your-car-insurance

Auto Insurance Types Explained

 Jul 20, 2021
Auto insurance is not always as straightforward as people imagine. For one thing, there’s more than one or two types of car insurance, and the various types of coverage offer different levels of protection. We think it’s important for everyone to have at least some understanding of the coverage options most insurers have available, so we made this list to help you get up to speed.
Risks-of-Online-Gambling

Understanding the Risks of Online Gambling

 Jul 14, 2021
Throughout history, gambling has been a popular pastime. Today, it’s even more accessible than ever before due to online gambling websites. Unfortunately, what can begin as an enjoyable pastime and opportunity to relieve stress, can present quite a few challenges — especially with the ease of gambling with your credit or debit card.
Know-Where-Your-Money-Goes

Know Where Your Money Goes

 Jul 12, 2021
Saving money is hard, especially when the majority of Americans are living paycheck-to-paycheck. The truth is that most Americans don’t have the money management skills necessary to budget effectively. But don’t worry, these are skills you can learn and master with some time and effort. Learning these skills will help you better understand where your money goes, which is the first step in having financial control.
Car-Dealership-Tricks

How to Avoid Common Dealership Tricks

 Jul 08, 2021
When you’re buying a new or used vehicle, you have a sales professional by your side to help you make the best decision. But, are they always helping you to buy the car that’s right for you, or do they have a profit goal in mind instead? You can protect yourself and ensure you invest in a quality vehicle at the right price. To do so, it helps to know some of the tricks dealerships use as well as a few tips for ensuring you’re satisfied with your investment.
How-to-Buy-in-a-Competetive-Market

How to Buy in a Competitive Market

 Jul 05, 2021
In case you hadn’t noticed, the housing market has sort of exploded lately. For those looking to sell a home, this is excellent news. But if you're on the other end of the process, where you were looking to buy a home sometime soon, it might not have been what you were hoping to hear. Buying a house in a competitive market can get complicated, and the fierce competition for a good home can drastically change the buying process itself. Fortunately, we have some advice to help you get ready to pou
Steps-to-take-if-youre-a-fraud-victim

Steps to Take if You’re a Fraud Victim

 Jun 30, 2021
Unfortunately, identity theft impacts many people each day. Because of the potential resulting damage, if you become a fraud victim, it’s essential to take swift action to get the situation under control. While this may take a few steps, you must do what is necessary to minimize fraud’s harmful effects.
7-Tips-to-Move-on-a-Budget

7 Tips to Move on a Budget

 Jun 28, 2021
We all know how stressful moving can be. Not only do you have to go through every item in your home, but the cost of moving can put a strain on your wallet. While many people know about the large costs — like paying movers or renting a moving van, there is also a range of smaller expenses — from gasoline to packing supplies — that can add up as well. Here are seven tips to help you move on a budget.
What-on-your-list-this-summer

What's on Your List This Summer?

 Jun 21, 2021
After a pretty confined and sedentary 2020, a lot of folks just can’t wait to get out for some summer fun. With all the stress of this past year, don’t you think we deserve it? We’re all a bit tired of being cooped up, so most of us are going to be spending our time looking for something fun to do. We’ve heard about everything from vacations to stay-cations, and we want to share our list of summer ideas with you!
Just-got-married

Just Got Married? Time to Set Some Financial Rules!

 Jun 18, 2021
Getting married can be exciting. Once the honeymoon is over, you’ll begin settling into the routine of married life. Your decisions from now on will no longer just affect one person; it will also affect your spouse. To avoid falling into financial issues, one of the first things you should do as a couple is to create a household budget.
Why-a-good-credit-score-matters

Why a Good Credit Score Matters

 Jun 16, 2021
You’ve probably heard by now, more than once, that it is important to have a good credit score. While this sounds good and wise, the importance of a high credit score often doesn’t sink in until you see it in black and white. We want you to understand that a good credit score matters in very real ways. The following example will help illustrate the difference your credit score makes for how much you pay for loans, such as financing a vehicle.
Renting-vs-Buying

Renting vs. Buying – Should I Purchase a Home or Continue Renting?

 Jun 14, 2021
Purchasing a home is an investment in your future. It’s a HUGE decision and should not be taken lightly. If you’ve been renting for a long time and feel like you’re ready to buy a home, or are a homeowner wondering if renting makes more sense, you’re in the right place! In this article, we will be discussing the pros and cons of renting and buying. Hopefully, we will be able to give you better insight into your options, facilitating your decision-making process.
How-to-get-the-most-money-for-your-trade

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.
Refinance-Your-Home

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

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

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.
Personal-Loans-Best-Choice

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-loan-approval

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.
AgFed-Member-Benefits

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.
Financial-Self-care

How to Up Your Financial Self-Care Game in 2021

 May 14, 2021
Lots of people practice self-care, and there are lots of ways to do it. But whatever way people choose to promote their physical, mental, and emotional health, they’re probably ignoring anything financial. It turns out, your wallet needs to de-stress sometimes and your budget might need to pick up Yoga to get more flexible.
Pros-and-Cons-of-Building-a-New-Home

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.
CU-Jargon

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

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.
How-to-Help-Teens-Succeed-at-their-First-Job

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

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-A-PreOwned-Car

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?
Five-Ways-to-Build-Your-Emergency-Fund

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-a-Pet

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

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.
Teach-Kids-to-Budget-Money

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

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!
Impulse-buying

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.
cant-get-more-local-than-a-cu

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.
Best-home-improvements-for-resale-value

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-clean-your-finances

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

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-loan-wishlist-bigger-than-budget

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

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-tax-refund

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

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.
Benefits-of-Using-your-Tax-Refund-as-a-downpayment

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.
Whats-Your-Money-Personality-Type

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

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

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.
Tips-for-buying-a-car

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.
Medical-Bills

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

Navigating the Money Conversation with Your Significant Other

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

A Love Letter to AgFed Members

 Feb 02, 2021
We love our members!
Tax-Tips-for-Unemployment-Income

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.
Money_museum_online-green-backgr

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.
1515-ARM

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?