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Financial Education Insights from Education First Federal Credit Union

Your key to financial education, lifestyle content and savvy money management.

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How to vacation on a budget

Summer is synonymous with vacation for many people, but booking an affordable trip can be tough with high inflation. In this article, we will cover ways to save on a vacation, from choosing a destination, amenities and more. With a little luck and planning, you’ll be able to enjoy the sound of the waves or find that special place to make memories...

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Buying a home in a changing market

A home loan, otherwise known as a mortgage, enables you to purchase a house without paying the full price out of pocket at the time of the purchase. For most people, buying a home is the biggest financial transaction in their lifetime. For that reason alone, if you’re in the market for a new home, it’s best to learn all you can about home loans so...

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Top Amazon Scams to look out for

When it comes to convenience, service and variety, nothing beats Amazon. The world’s largest and most popular online marketplace can carry anything from beauty products to a chicken harness with a leash. Yes, that’s a real product on Amazon and you can purchase it! For almost anything you might ever want or need, Amazon most likely has it – and...

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When to Consider a Small Business Loan

Many entrepreneurs use personal savings and credit to cover their initial costs because it can be difficult to get a business loan for a startup without a proven track record and credit history. However, relying on credit cards with high-interest rates and low credit limits is not a sustainable situation. Take a look at the advantages of a...

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Cryptocurrency Coins

What you need to know about Cryptocurrency.

Cryptocurrency is a word that many know but fewer understand. Survey data shows that 98% of people do not have a basic understanding of what cryptocurrency is. With so much information online and so many terms and concepts, it can be challenging to understand what cryptocurrency is, how you get it, and if these coins are safe investments.

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Credit Card Debt Is Down - Inflation May Change That

Over the past few years, credit card balances were paid down and delinquent accounts became less common. But two years after the COVID-19 pandemic began, those trends - spurred by increased savings and relief programs - could evaporate, especially as inflation soars.

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Rising Interest Rates Effect on the Economy

Q: I've heard that the Fed plans to raise the interest rate this year. How will this impact the economy and the current inflation rates? A: The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to stay, given that headlines announced a 7% increase in the consumer price...

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