What is life insurance and is it right for you?

What is life insurance and is it right for you?

No one is ever certain about how life will turn out. This is why we often secure our assets and protect our family with insurance: car insurance in case we get into an accident and total the vehicles, home insurance for an unexpected natural disaster, and even pet insurance to secure our beloved furry members of our family.

Continue reading

People Helping People

People helping people

It’s the credit union philosophy. People helping people. In the financial world, the credit union strives to improve the lives of our members. We in turn encourage our members to help others in the wider community. In this season of giving, I believe an easy way to do this is to support a worthy cause when we buy presents for ourselves or for loved ones. Here are some worthwhile charities that will give back to others when you purchase their products.

Continue reading

Debit Cards vs. Credit Cards: Which is better?

Debit Cards vs. Credit Cards: Which is better?

They are both small plastic cards that you can use to buy stuff and you probably have one of each in your wallet or purse. But did you know they each have distinct differences? Debit cards and credit cards can both be great tools to use when purchasing goods and services. Is one better to use than the other? First, let’s find out how each works.

Continue reading

Two Minutes and a Phone Call Can Turn Into Identity Theft

Don't fall for a vishing scam.

There are so many things you can do in under two minutes - brush and floss your teeth, make a delicious cheese quesadilla, walk 200 steps, or become a victim of identity theft! These days, identity theft doesn't just come from cyber criminals hacking multimillion-dollar organizations to steal data, it's also criminals gathering data from a simple two-minute phone conversation that could put you at risk for identity theft.

Continue reading

3 Reasons Why Credit Unions Offer Better Interest Rates on RV Loans in Florida

Family planning trip on RV.

If you've been dreaming about owning a recreational vehicle (RV) but you've been having difficulty finding a lender that offers reasonable interest rates, have you considered signing up for membership with a credit union? In Florida, one of the most trusted credit unions is We Florida Financial; so if you want better interest rates on RV loans in Florida, you shouldn't pass up the chance of becoming a member of this premier credit union.

Continue reading

Understanding the Effects of Missed Payments

A young couple going through their financial records in the comfort of their home.

Two surveys came out recently that investigate how likely credit card users are to miss a payment. The first survey from Nerd Wallet polled 2,000 people to find out how many had made a delinquent payment. The second survey from CreditCards.com polled 1,000 adults to ask the same type of question.

Continue reading

Getting Serious About Retiring

A senior African American couple enjoy an evening on the town with ice cream

As I approach retirement I am looking at my finances and wondering when I should actually retire and will I have enough money to live on. Will I be financially comfortable in retirement? I believe when planning for retirement you should have two goals in mind.

Continue reading

What You Should Know About Aircraft Financing

plane flying

The loan process for financing an airplane can be quite different than a car or boat. When you’ve decided it’s time to buy your first plane, it’s important to start the airplane loan process as prepared as possible. Lenders will look at more than just your credit history, they will want to assess the plane and the purpose for owning. Here are a few standard questions you might be asked during the process. Not all of these factors can be a determining factor in how much you are able to borrow.

Continue reading

It’s the holiday season – tips to save your money and your mind.

woman carrying shopping bags

It’s the season for joy and happiness. It’s also the time to shop, shop, shop. The National Retail Federation estimates that Americans spend an average of $940 every year on seasonal expenses. It’s a large amount to spend in a few weeks. More significantly however, the spending is accompanied by frenzy and stress. In fact, the American Psychology Association ranks the pressure of gift giving as one of life’s top four stressors.

Continue reading

Aviation Flying Clubs: What are they?

airplane at airport

Many aspiring pilots are concerned with not only the cost of earning a private pilot’s license but once they acquire it, if they will be able to afford to fly. Owning a plane or just renting a plane is a very expensive hobby.

Continue reading

How to make an extra $1,000

Woman walking many dogs.

Could you use an extra $1,000? Who couldn’t? No need to whip out your resume or ask your rich uncle for a loan. Here are five ways in which most of us can earn some cash honestly and easily.

Continue reading

Celebrate International Credit Union Day

Celebrate International Credit Union Day!

The credit union movement is steeped in a rich history of collaboration across divides. For nearly two centuries, financial cooperatives all over the world have encouraged people of every race, gender and belief to come together and give their all towards the betterment of their communities. It’s about people helping people.

Continue reading

The Qs and As about Credit Scores

man holding phone looking at his credit score

What credit score should you really be striving for?

Most people have heard the old adage that the higher your credit score the better. We all know that a good credit score means lower rates when you want to obtain a loan on a car, mortgage and other large ticket item. The truth is that financial institutions use ranges to determine interest rates on a loan.

Continue reading

The Best Things In Life Are Free

Fort Lauderdale beach

If you are a South Florida resident, you know that visiting relatives or friends are a reality of life. As hosts, we are often tasked with finding and accompanying our guests to suitable attractions. Since we live in a tourism driven economy, these spots are often quite taxing to the wallet.

Continue reading

For the Empty Nesters Among Us: Loving the Game of Life

woman kayaking 900x500

You used to dream of this time and thought the day would never come. The day when your kids grow up, move out and become financially self sufficient.

Now they are gone and you and your spouse are empty nesters. After years of non-stop parental activities -- rushing to soccer practice, piano, karate, recitals, birthday parties and sleepovers, they are gone. You feel like Usain Bolt after the 100 meters – accomplished, happy and a wee bit sad.

Continue reading