Welcome To Making Money Prosper
At every stage in life, we all need a routine checkup for our financial health. That is why we’ve launched Making Money Prosper! This blog is dedicated to you, our PEFCU members. We’re here to help you live your best financial life by teaching you to successfully save, invest, and manage your money. Adulting can be hard–we get it! We want you to find success through all of life’s stages: like purchasing your first car, traveling the world, planning for retirement, and everything in between. At PEFCU, our goal is to educate you and your family about your personal finances…
Protecting Your Emergency Fund from Yourself
Building an emergency fund takes work. You might spend months automatically transferring money from every paycheck, cutting back on a few purchases, or putting extra income into savings until $500 becomes $2,500 or even $5,000. Then a different challenge begins – keeping that money there until you actually need it. When your regular budget gets tight, it’s easy to think, “I’ll just take $100 and replace it next payday.” One withdrawal may not seem significant, but repeated often enough, the account meant to protect you from emergencies can slowly become a piggy bank. While building an emergency fund creates financial…
