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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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Benefits of an Interest-Bearing Checking Account

What is an interest-bearing checking account? An interest-bearing checking account is a checking account that accrues interest/dividends at a set rate. Traditional checking accounts do not earn interest/dividends since they're designed to be used to hold funds for everyday expenses. Savings accounts do earn interest, but accessibility of funds is...

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6 Ways to Boost Your Credit Score

An excellent credit score is the ultimate goal of the financially responsible consumer. Those three magic digits tell a story of accountability, good financial sense, and the ability to spend mindfully. A great credit score also unlocks doors for large, affordable loans, employment opportunities, and more.

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Debt Consolidation Loan v. Balance Transfer

We're all looking for the least expensive way to pay down high interest credit card debt. There are several options to consider and if you have a decent credit score you'll have even more options available to you. Two of the most popular and effective methods are balance transfer credit cards and debt consolidation loans. Both can help you pay...

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Money Management for Modern Couples

If you've taken the plunge and you're living with your partner or spouse, new living arrangements mean new responsibilities -inevitably including financial ones. While it can be daunting to discuss money, you need to do it to ensure a happy, long relationship. In light of the fact that a recent study has shown 18-34 year old's are the least adept...

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8 Ways To Financially Succeed as a Couple

If you want to thrive as a couple, tough discussions are necessary. Talks about growing your family, where to live, and how to be intimate can affect your entire relationship. Despite the important of some conversations, there are plenty that never occur. Did you know that a survey found that 44% of couples think personal finance is the most...

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4 Ways to Look for Unclaimed Money

Who would have thought that there could be a possibility that someone might actually owe you money, instead of the opposite? In a day where bills, taxes, and other expenses seem to consume our finances, it's a rare thing to come across "free money", so to speak. However, there are several ways you might be missing out on some unclaimed money -...

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Teaching Kids about Money through Delayed Gratification

While earning money is one of the first financial lessons that parents teach their kids, it's important to also teach the lesson of delayed gratification and how to resist from making impulse purchases. Here's some creative and fun ways to teach your kids about earning money, and more importantly, the lesson of delayed gratification.

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