Making Money Personal

The Importance of Charitable Giving This Season - Money Tip Tuesday

Donating to charitable organizations is a powerful expression of kindness and a meaningful opportunity to educate those around us, particularly younger generations. Giving back to our communities not only provides support to those in need but also fosters a sense of connection and responsibility that is essential for a thriving society.  
Links:
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.      
 During the gift-giving season, it's essential to consider the transformative potential of supporting local service providers dedicated to uplifting underserved communities. These organizations, often run by passionate individuals who have devoted their lives to making a difference, offer vital services such as food, shelter, toys, and clothing for children, transitional housing for families in crisis, and support for veterans. By contributing to these initiatives, you are not only assisting those in immediate need but also energizing local economies and encouraging community solidarity. 
Participating in charitable giving also fosters a profound sense of fulfillment. It is common to feel uncertain about the appropriate gifts for family and friends during the holiday season, often questioning, "Do they really need more clothing or gadgets?" However, when you choose to donate to a charity in someone’s name, it transforms the act of gift-giving into something truly meaningful. This ensures that the gift resonates deeply, providing support to those who genuinely need it rather than adding to the clutter of material possessions. This approach is especially significant for older family members who understand the value of thoughtfulness and community support, while younger relatives may take a little longer to grasp the concept but will come to appreciate it as they grow. 
Furthermore, donating to charities creates invaluable teachable moments with the younger members of our families. Children are keen observers, learning from the actions of their parents and other family members. Whether donating money, tangible items like clothing or food, or dedicating time to a charitable organization, these selfless acts impart important lessons about generosity, empathy, and community involvement. Engage children by asking, "Would you like to participate in this?" If they express interest, nurture their willingness, guiding them through the act of giving. If they decline or seem indifferent, use this moment as an opportunity to communicate the importance of philanthropy, explaining why helping others is vital. This allows them to arrive at their own understanding of generosity and perhaps inspire them to take action in the future. 
Moreover, while the emotional aspects of giving are significant, it is essential to recognize the practical benefits associated with charitable donations. Charitable organizations function as non-profits, which means that donations are often tax-deductible. Those who itemize their taxes should request receipts for their contributions, as this can maximize the potential benefits of their donations. It’s a win-win situation where you can give back to the community while also reaping financial rewards during tax season.  
For those seeking to make an impact, a simple online search can reveal local charities that are eager for support and donations. Whether it’s a food bank, an animal shelter, or a program supporting at-risk youth, countless organizations are making a difference in your community, and your contribution can be the catalyst for positive change.  
Finally, consider involving your friends, co-workers, or social circles in your charitable efforts. Organizing a donation drive or volunteering as a group can not only amplify your impact but also strengthen your bonds and foster a culture of giving among your peers. In a time where social media often highlights consumerism, sharing your charitable ventures can inspire others to join in and spread the spirit of philanthropy. 
By embracing the practice of charitable giving, we not only enrich the lives of those we help but also create a legacy of compassion that can be passed down through generations.  
If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org. Also, remember to like and follow our Making Money Personal Facebook and Instagram to share your thoughts. Finally, remember to look for our sponsor, Triangle Credit Union, on Facebook and LinkedIn.        
Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast. 
Have a great day!

Episode 87: 2025 Share 'Cuz You Care Campaign | Interviews with three local non-profits

This episode features interviews with representatives from three non-profit organizations in this year's Share 'Cuz You Care campaign. Each rep shares a moving story about their connection with the organization and shines light on the important work they do within the NH community.
Vote now to select which non-profit organization will receive the top donation of $1,000 from Triangle CU. (link below).
Barbara Lafrance - Home Health and Hospice Care: https://hhhc.org/
Shaun Nelson - Nashua PAL: https://nashuapal.com/
Randy Stevens - Hope Recovery: https://recoverynh.org/
Learn more about the campaign and cast your vote at: https://triangleuniversity.org/share-cuz-you-care-2025/
Campaign runs until Thursday, December 4th, 2025. Remember to vote daily to increase the chances for your organization of choice to win!

Identity Theft Can Happen to Anyone - Money Tip Tuesday

Think identity thieves only target high income individuals, a bigger prize if you will? False. Identity thieves target anybody they think might fall for their scams. They’ll keep coming up with new ways for unsuspecting victims to hand over personal and financial information. Keep listening to learn a little more about how thieves work to steal your identity, and a few things you can do to stop them in their tracks.  
Links:
FTC Consumer Sentinel Report
Learn more about USPS Informed Delivery Service
Monitor your Social Security account 
Get identity theft protection with a Better Checking account
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast. 
Have you heard any of these following stories recently? 
An elderly woman was scammed for tens of thousands of dollars, including the purchase of a vehicle and applications for multiple loans. (KSAT) 
A young professional’s stolen wallet resulted in reports of bad checks, dozens of new credit cards, false criminal charges, and more. (LA Times)  
The NFL’s number one draft pick Cam Ward was targeted by identity thieves, resulting in high interest loans, liens on his home, and more, resulting in $250,000 in fraudulent debt. (The Guardian) 
These true stories are just a few examples of identity theft that could happen to anyone, regardless of your age, occupation, financial status, or where you live. In each case, the victims learned about the crime after their information was stolen and had already been used multiple times.  
Identity theft occurs when someone steals another person’s sensitive personal information and either uses it as their own or sells it on the black market for other perpetrators to use for financial gain or fraud. Identity theft has been making headlines for years; however, each and every year, thieves become more sophisticated. Staying in step with these criminal advances is a constant struggle for small business owners, corporations, and individual consumers alike. In spite of the work that is being done to keep our information safe, cases of identity theft continue to be reported at an alarming rate.  
According to the Federal Trade Commission's Consumer Sentinel Report covering the full year of 2024, reported cases of identity theft have increased by over 584% in the last 20 years. Here are some other highlights from this report: 
Last year, more than 2.6 million cases of identity theft were reported, and more than 1 in 3 people who reported a scam also reported losing money. 
The median loss to fraud victims is almost $500, with total reported losses of more than $12 billion, an increase of more than 25% compared to 2023. 
The most common type of identity theft is credit card fraud, which includes using stolen information to open a line of credit as well as using a legitimate card fraudulently. 
Experts estimate that there is a case of identity theft every 22 seconds and that 33% of Americans will face this issue in their lifetime. 
While safeguarding your personal information is key, so is knowing what to do if you find out that you have already become a victim of identity theft. First, you should know what red flags to watch out for, as time is of the essence when dealing with identity theft. The longer you wait to begin the recovery process, the more losses you risk facing. Early warning signs of identity theft can include:  
Finding unknown charges on your credit card or bank statement.
Receiving calls from collection agencies about debts you aren’t aware of.
Seeing unfamiliar withdrawals from your financial accounts.
Receiving bills for items you didn’t purchase or services you didn’t request.
Finding out that a tax return has already been filed in your name, prior to filing your own.
Being unexpectedly denied on a loan application.
Receiving notification of a line of credit that you did not open.
Getting notifications or other information about government benefits or loans that you did not apply for. 
If any of the above signs apply to you, they should be addressed immediately. For those of you who have a Triangle Better Checking account, you have access to dedicated Identity Theft Recovery Advocates who can help you assess what information has been compromised and assist in quickly taking steps to stop the damage and recover your identity, regardless of the type of identity theft or how it happened. 
Once you have addressed the immediate issues surrounding the theft of your personal information, there are a few things you can do to help protect your identity in the future.  
Regularly check your bills and financial statements. It’s common practice for scammers to make small purchases or withdrawals first to see if they can get away with it before attempting larger purchases or loans. Notify your financial institution immediately if you see a charge that you don’t recognize.  
Use unique passwords for each of your online accounts. If a hacker obtains your password for one account, they will likely pair it with your name or email address on other sites to see what else they can gain access to. Consider using a trusted password service to help manage unique passwords for you. Changing your passwords regularly is another effective deterrent against scammers.  
Collect your mail daily and pay attention to any recurring items, like bank and credit card statements, to make sure you don’t miss any. Some thieves take envelopes containing s;pppp00oensitive information out of mailboxes. If you are away from your home for an extended period of time, notify the postal service to hold your mail while you are gone. It is also a good idea to enroll in USPS Informed Delivery, a free service from the postal service that shows you preview images of incoming mail, plus status updates about your incoming and outbound packages.  
Monitor your Social Security account. Set up a free account with the Social Security Administration to help ensure your Social Security number isn’t fraudulently claimed by someone else.  
Identity theft can happen to anyone, and its effects can range from a small annoyance to financial devastation. The best protection is prevention, but if your information is used without your knowledge, we are standing by to help. If you are a Better Checking account holder and you think that you might be a victim of identity theft, contact the friendly staff at Triangle and we will put you in touch with a professional Identity Theft Recovery Advocate. 
If there are any other tips or topics, you’d like us to cover, let us know at tcupodcast@trianglecu.org.  Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.  
Thanks for listening to today’s Money Tip Tuesday and check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

Episode 86: Understanding Medicare Options | AJ Lemarier, Financial Planner

In this episode we chat with AJ Lemarier, Financial Planner, about the basics of Medicare and the various options individuals consider when selecting the right plan for their future needs.
Links:
Take the free financial assessment: Financial Wellness Experience
Get in touch with AJ: https://www.trianglefinancialgroup.com/the-team
Check out more Medicare options at: https://www.medicare.gov/
Explore more retirement and Medicare resources at: The United States Social Security Administration
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  

Sneaky Habits That Drain Your Wallet (Part 2) - Money Tip Tuesday

Developing strong financial habits starts with understanding how you interact with money—both consciously and unconsciously. To truly make the most of what you earn, you need to uncover the hidden patterns in your spending and recognize where money might be slipping away. So, what everyday habits could be quietly draining your wallet without you even realizing it?  
Links:
Want lower interest rates? Contact Triangle Credit Union for more information on debt consolidation options
Keep better track of your expenses with our Money Management tool within online banking
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
In order for us to live financially free lives, we need to take charge of ALL the ways we spend money. Part of taking charge involves recognizing all the productive and unproductive ways we’re spending our money.  
Last week we covered five sneaky ways our habits can drain our wallets and this week I’m going to present five more for you to be aware of. 
Exorbitantly High Interest Loans
High-interest loans—like payday loans, certain credit cards, or quick cash advances—can trap you in a relentless cycle of debt. What starts as a short-term fix often turns into long-term financial strain, with interest piling up faster than you can pay it down. These types of loans are especially risky in tough economic times, when borrowing may feel like the only option. Unfortunately, the high rates make it difficult to catch up, and the stress of mounting debt can affect your overall financial health. 
If you recently discovered you’re paying a lot of money towards high-interest debt, explore alternatives like refinancing, balance transfers to lower-interest cards, or consolidating debt through a reputable lender. If you're unsure where to start, speaking with a financial advisor or nonprofit credit counselor can help you find safer, more sustainable solutions. 
 Overspending on Convenience Services
Food delivery, express shipping, and pre-packaged items are all about ease—but that convenience comes at a cost. Whether it’s the markup on restaurant meals, the extra fees for rush shipping, or the premium price of ready-made products, these small expenses can quietly snowball into a major budget drain. It’s tempting to lean on these services when life gets busy, but using them regularly can eat into your finances more than you might expect. In today’s economy, where every dollar matters, convenience should be a conscious choice—not a default habit. 
 Plan ahead to reduce reliance on convenience services. Cooking at home, batching errands, or choosing standard shipping instead of express can lead to meaningful savings without sacrificing too much comfort. 
Lifestyle Inflation
As income grows, spending often grows right along with it—a phenomenon known as lifestyle inflation. It’s easy to justify upgrades like a nicer car, more frequent dining out, or luxury gadgets when you’re earning more, but these habits rarely improve long-term financial security. In fact, they can quietly prevent you from building savings, investing, or reaching bigger financial goals. Without a plan, higher income can lead to higher expenses and little progress. 
 Keep your lifestyle modest even as your earnings rise. Automate savings so a portion of your income goes directly into a savings or investment account, and set clear financial goals to stay focused. That way, you can enjoy your success without letting it slip through your fingers. 
Buying Low-Quality Items That Need Frequent Replacement
Cheap products may seem like a bargain at first glance, but poor quality often leads to more frequent replacements—costing you more over time. Whether it’s clothing that wears out after a few washes, electronics that break down quickly, or furniture that doesn’t hold up, these purchases can become a cycle of spending that feels never-ending. In the long run, constantly replacing low-quality items can drain your budget and leave you frustrated. Plus, the environmental impact of disposable goods adds another layer of cost that’s easy to overlook. 
Invest in durable, well-reviewed items when possible. While the upfront cost may be higher, quality purchases tend to last longer, perform better, and offer greater value—saving you money and hassle down the road.
Overpaying for Expensive Brand Names
Premium brands often charge significantly more for products that offer similar quality to generic or store-brand alternatives. While the packaging and marketing may be more polished, the actual performance or ingredients are often nearly identical. In many cases, you're paying extra for the name, not the value. This is especially true with household goods, groceries, and personal care items, where brand loyalty can overshadow smart spending. Over time, these brand-based purchases can quietly inflate your expenses without delivering better results. 
Take a moment to compare ingredients, reviews, and performance before buying. You might be surprised to find that a lower-cost alternative works just as well—or even better—than the name-brand version. 
Being mindful of these habits doesn’t mean you have to live ultra-frugally or give up the things you enjoy. It’s about making smarter choices that align with your financial goals. A few small changes can lead to big savings—and a lot less stress when you check your bank account. 
That concludes this week's list of five more sneaky habits that can drain your wallet. If you didn’t catch the first five, check out last week’s Money Tip for the rest of the list. 
If there are any other tips or topics you’d like us to cover, let us know at tcupodcast@trianglecu.org and don't forget to like and follow our Making Money Personal FB page and look for Triangle on Instagram and LinkedIn to share your thoughts. 
Thanks for listening to today’s Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

Sneaky Habits That Drain Your Wallet (Part 1) - Money Tip Tuesday

Ever glance at your bank account and wonder, “Where did it all go?” Impulse buys might be the usual suspects, but they’re just the beginning. In today’s economy—where every dollar counts—there are plenty of subtle ways money slips through the cracks. Some are so routine habits that could be draining your wallet, and you might not even notice them. 
Links:
Keep better track of your expenses with our Money Management tool within online banking
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
In a time when prices seem to rise faster than paychecks, keeping track of your spending is more important than ever. Yet even the most budget-conscious among us can fall into habits that quietly drain our finances. From everyday conveniences to overlooked fees, these money leaks often go unnoticed until it’s too late. The good news? Most of them are fixable with a few smart tweaks.  
This tip is part one of two tips that will cover ten sneaky yet common budget busters. Here are the first five.  
Throwing Away Wasted Food
Buying groceries with good intentions only to toss them out a few days later is a quiet but costly habit. Whether it’s forgotten leftovers, produce that never made it into a meal, or bulk items that seemed like a good deal at the time, food waste can add up fast—and so does the money lost with it. In today’s economy, where grocery prices continue to climb, letting food go unused is like throwing cash straight into the trash. The problem often stems from lack of planning or overestimating what we’ll actually eat during the week. Plan meals before shopping and stick to a list that reflects your actual schedule and appetite. Explore tools like dinner planning apps or notebooks to keep your meal plan organized and easy to follow.  
Overspending on Dining Out
Takeout and restaurant meals are undeniably convenient—especially after a long day—but that convenience comes at a steep price. With rising food costs, service fees, and delivery charges, even a quick bite can end up costing double what it would to make at home. It’s easy to fall into the habit of dining out regularly without realizing how much it’s impacting your budget. Over time, those small splurges can add up to hundreds of dollars a month. Set a realistic weekly dining-out budget and explore simple, quick recipes that make cooking feel less like a chore. Even swapping just a few restaurant meals for homemade ones each week can lead to noticeable savings—and might even spark a new love for cooking. 
Impulse Purchases
Online shopping makes it incredibly easy to buy things on a whim—just a few clicks and it’s on its way to your doorstep. These impulse purchases often feel satisfying in the moment, but they can quickly lead to regret, clutter, and a shrinking bank balance. With targeted ads and flash sales constantly vying for your attention, it’s easy to convince yourself that you need something you didn’t even know existed five minutes ago. Over time, these small, unplanned buys can add up to a significant drain on your finances. Curb this temptation with the 24-hour rule—wait a full day before buying non-essential items. This simple pause gives you time to reflect on whether the purchase is truly worth it or just a fleeting desire. 
Paying for Unused Subscription Services
Streaming platforms, mobile apps, and memberships can quietly renew month after month—even if you’ve completely forgotten about them. It’s easy to sign up for a free trial or a service you might use, only to let it slip under the radar while the charges keep rolling in. These recurring expenses may seem small individually, but together they can take a noticeable bite out of your budget. In a subscription-heavy world, it’s more important than ever to stay on top of what you’re actually using. Make it a habit to review your subscriptions every few months and cancel anything you haven’t used recently. Budgeting apps and digital wallets often have built-in tools to help track and manage recurring payments, making it easier to spot and stop the ones that no longer serve you. 
Fees on Late or Missed Payments
Late fees and penalties are completely avoidable, yet they remain one of the most common and frustrating money drains. Whether it’s a missed credit card payment, a forgotten utility bill, or a delayed loan installment, these charges can pile up quickly and quietly. Beyond the immediate financial hit, they can also damage your credit score—making future borrowing more expensive or even inaccessible. In a busy world, it’s easy to overlook due dates, but the consequences can linger far longer than the oversight. Set up automatic payments for recurring bills whenever possible, and use calendar reminders or budgeting apps to track due dates. A little organization now can save you from costly mistakes later.  
That concludes this week’s list of 5 ways we tend to waste money. Next week I’ll present 5 more, so make sure to tune in and take a listen! Ther may be some you haven’t heard of before! 
If there are any other tips or topics you’d like us to cover, let us know at tcupodcast@trianglecu.org and don't forget to like and follow our Making Money Personal FB page and look for Triangle on Instagram and LinkedIn to share your thoughts. 
Thanks for listening to today’s Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 
 

3 Scary Realistic Financial Scams - Money Tip Tuesday

There are so many different ways scammers try to trick people. Some scams are easily recognizable, while others might not be so obvious. The effectiveness of a scam depends on many factors, most importantly, the victim’s unawareness of the scammers’ techniques. Staying aware is the number one thing we should all do to stay ahead of scammers and live with a little more peace of mind.  
Links:
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
We cover fraud scams and alerts on this channel a lot, but the truth of the matter is that fraud attempts are always occurring so it’s imperative that everyone should stay on top of the most effective or newest trends in order to keep themselves and their loved ones safe. 
This tip is going to present examples of some gut-wrenching scams individuals have experienced using three fictitious stories based on real tactics. 
#1 Virtual Kidnapping 
David was halfway through his morning coffee when his phone rang with a recognized number – his wife’s. The voice on the other end was cold and urgent: “We have your wife. If you want to see her again, send $25,000 through Zelle—now.” Panic surged through him as the caller described personal details about his wife, making the threat feel terrifyingly real. He knew his wife was already on her way to work, but occasionally stopped at a local cafe or store to pick up a coffee or morning snack. David’s hands trembled as he opened his banking app and considered sending the money, but something about the situation didn’t feel right. He asked the caller to put his wife on the phone. The caller refused and instead continued to push David into sending over the money. David began to suspect he was being scammed, so he decided to hang up and call his wife’s office phone. Within seconds, she answered on the other end, confused but safe. Immediately, the scam unraveled, leaving David shaken but relieved, and prompting a call to the police to report the fraud. 
This kind of scam preys on fear and urgency. Scammers often use social media to gather personal details, then demand payment through apps like Venmo or Zelle, which are harder to trace. David’s quick thinking saved him from a costly mistake—but not everyone is so lucky. 
 
#2 AI Voice Cloning: 
Margaret was folding laundry when her phone buzzed with a call from her daughter, Emily—at least, that’s what the caller ID said. Emily’s voice came through in a frantic rush: she’d been in an accident, her wallet was gone, and she needed money immediately to avoid legal trouble. “I’ll send you a link,” she said, her voice trembling. “Just click it and send whatever you can through Zelle.” Margaret’s heart raced. The voice sounded just like Emily’s—same tone, same cadence—but something felt off. The urgency, the unfamiliar link, the fact that Emily had just messaged her hours before about coming to visit for the holidays. Margaret hesitated, then decided to try something. She remembered Emily had just told her something personal a little while ago that no one else could have known. She quickly asked to Emily to remind her the specific details about that conversation. The caller on the other line was silent for a second then came back with a different question in an attempt to deflect. Margaret was more convinced now this was a scam, so she hung up the phone and called Emily’s number. When her daughter answered calmly from her apartment in Pennsylvania, the truth hit: the voice had been AI-generated, and the link was a scam. 
This type of fraud is growing more sophisticated, using voice cloning and spoofed caller IDs to exploit emotional bonds. Margaret’s instinct to verify, saved her from financial loss, but the experience left her shaken—and more cautious than ever. Any of us might face a scam like this in the future, so it’s important to develop pass phrases or codes you can use with friends and family to verify each others’ identities in case a scam like this ever comes up. 
 
#3 Bank Impersonation Fraud 
Jason was just finishing dinner when his phone rang with a number labeled “Bank Fraud Department.” The caller sounded professional, even reassuring, and said they’d detected suspicious activity on his checking account. “We need to verify your identity to cancel the card and secure your funds,” the voice said. Jason, alarmed but trusting, began answering questions—his full name, date of birth, and eventually his account number and online banking login. The caller promised a confirmation email would follow shortly. But when Jason checked his bank app minutes later, he was locked out. His account had been drained.  
This scam relies on urgency and authority to trick victims into revealing sensitive information. Scammers often spoof legitimate phone numbers and use insider lingo to sound convincing. Jason’s experience is a reminder of how sophisticated scammers can be. It’s policy for most banks and financial institutions that they’ll never ask for full login credentials or account numbers over the phone. When in doubt, hang up and call the bank directly using the number on the back of your card or found on their verified website. 
Scams are increasing in sophistication these days, especially when tools like AI can convincingly replicate the voices of friends or loved ones. Please keep these scam tactics in mind and share with others in your life. Awareness is the first step in keeping our identities and finances safe in today’s mobile and digital world.  
If there are any other tips or topics you’d like us to cover, let us know at tcupodcast@trianglecu.org and don't forget to like and follow our new Making Money Personal FB page and look for Triangle on Instagram and LinkedIn to share your thoughts. 
Thanks for listening to today’s Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

Tips for Improving and Maintaining a Healthy Credit Score - Money Tip Tuesday

How's your credit score? Is it in tip-top shape, or maybe it could use a little bit of love? The fact is that your credit score is one of the most important financial metrics we use today and how we manage and nurture it makes a huge difference in shaping your financial opportunities. By managing and improving it, you can secure better loan terms and lower interest rates, paving the way for a healthier financial future.  
Links:
Explore the identity protecting benefits of a Better Checking account
Disputing Errors on Your Credit Reports | Consumer Advice
Check out TCU University for financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
A credit score might seem like a mysterious three-digit number, but it holds significant influence over your financial life. Whether you're applying for a loan or a credit card, renting an apartment, or even setting up utilities, your credit score plays a crucial role in the decisions that lenders, landlords, and service providers make. Your credit is a valuable asset, and credit score awareness can be a crucial piece in overall financial wellness and identity theft protection. In this tip, we want to remind account holders of the importance of understanding credit scores and provide some tips to help them improve and maintain a healthy credit score.  
What Is a Credit Score?  
Simply put, a credit score is like a grade for how good you are at managing money. It is one of the most important tools that lenders and financial institutions use to assess the risk of lending money to you. A higher credit score indicates a healthy credit history; therefore, a lower credit risk, making you more appealing to potential creditors. Credit scores typically range from 300 to 850, with higher scores being better, indicating that you have consistently made payments on time to satisfy your credit obligations. While a "good" credit score varies based on the lender and the specifics of the loan request, it is typically around 700 or higher. Once your score is over 760, you may expect to be offered the best available rates. Credit agencies refresh scores once a month, but the exact timing of those updates may vary based on a myriad of factors. 
How Is a Credit Score Calculated?  
You might be surprised to learn that you can have multiple different credit scores at the same time. Based on where the lender obtained their data (from one, two, or all three credit reporting agencies), the credit score model that is used, the lender’s own criteria for issuing credit, and the timing of when the score was produced. A hypothetical scenario for calculating a credit score might weigh the following factors this way: 
Payment History (35%): This is the most important part. It's like getting a gold star for paying bills on time. If you pay on time, your score goes up. If you miss payments, it goes down. 
Credit Utilization (30%): Imagine you have a money jar, and you use only a little bit of it. That's good for your score. But if you use a lot of it, it's not so good. This measures how much of your available credit you're using. 
Length of Credit History (15%): The longer you've had credit (like a credit card or loan), the better. It's like experience points. More experience means a higher score. 
Credit Mix (10%): Having different types of credit, like credit cards and loans, can be like having a diverse team. It's good for your score, but you don't need to have them all. 
New Credit (10%): Every time you apply for new credit, like a loan or a credit card, it can slightly lower your score. Too many applications at once can hurt your score. 
Lenders will also look at other factors, such as your income, your assets, or how long you have been at your current job. Note that a high credit score isn’t the only sign of financial health. An individual who chooses to use cash or debit cards for major purchases rather than taking out loans will likely have a lower credit score than someone with a long record of multiple well-managed debts, even though they may be very financially responsible.  
  
Why Does Your Credit Score Matter?  
Getting Credit: When you need to borrow money, like for a credit card or a car loan, lenders look at your credit score. If it's high, they're more likely to say yes. Plus, you might get lower interest rates, which means you pay less in the long run. 
Interest Rates: A good credit score can mean lower interest rates on loans and credit cards. Lower interest rates save you money, so it's a win. 
Renting a Home: Landlords often check your credit score when you apply to rent an apartment. A good score can help you get the place you want. 
Utility Bills: Some companies might look at your credit score before deciding if you need to pay a deposit for things like electricity and water. 
Job Opportunities: Some jobs, especially those handling money, check your credit as part of the hiring process. A good credit score can make you more attractive to employers. 
For those interested, here are 9 Tips to Improve Your Credit Score 
Pay Bills on Time: Make sure you pay your bills by their due dates. Set up reminders or automatic payments to help you stay on track.
Manage Credit Cards Wisely: Keep your credit card balances low compared to your credit limits. Aim to use less than 30% of your available credit. Pay off your credit card bills in full whenever you can.
Mix Different Types of Credit: Having different types of credit, like credit cards, loans, and mortgages, can boost your score. Only open new credit when you really need it.
Don't Close Old Accounts: The longer you've had credit, the better. So, avoid closing old credit card accounts, especially if they have high credit limits.
Deal with Problems: If you have late payments or debts in collections on your credit report, work on fixing them. Pay off debts in collections and ask creditors to remove them, if possible.
Ask for a Credit Limit Increase: If you've been good at paying your credit card bills, consider asking for a higher credit limit. Having a higher credit limit could reduce your total credit utilization, which can help your credit score.
Be Careful with New Credit Inquiries and Too Many New Accounts: Every time you apply for new credit, it leaves a mark on your credit report. Too many marks can hurt your score, so be careful about applying for credit often. Likewise, opening lots of new credit accounts in a short time can worry lenders and lower your score. Only open new accounts when you need them.
Check Your Credit Report Regularly: Dispute any errors you find in writing to all three credit bureaus. You’ll want to include the credit bureau’s dispute form as well as any supporting documentation and be sure to keep copies of everything you send. You can find sample letters and more information about how to file a credit dispute in an article from the Federal Trade Commission (link will be in the show notes.) 
Stay Alert for Signs of Identity Theft: All the work you do to improve your credit score could be thwarted by someone who has stolen your personal identifying information to take out loans in your name. Review your credit report and watch for any signs of identity theft to ensure your credit score is impacted by only your own financial behavior. If you find evidence of identity fraud in your credit report, remember, we can help. Members with a Triangle Better Checking account with IDProtect, have access to Identity Theft Resolution Advocates who are standing by to dispute fraudulent activity that might damage their credit standing.  
  
Build a Credit Score Without Debt 
Young adults and those who have never had a need for credit may not want to go into debt but want to build their credit score. Here are a couple of ways that you can build your credit score without debt. 
Apply for a credit-builder loan, which places the money you borrow into a certificate of deposit (CD) or savings account that you can claim after making 12 monthly payments.  
Apply for a secured credit card, which gives you a line of credit that is backed by a cash deposit. 
Remember, with your Better Checking account, you are entitled to receive convenient access to your TransUnion® credit score monthly. Your score is tracked on a timeline to help identify unexpected changes in your score’s movement that could indicate identity theft. 
Plus, with a Better Checking account, you have access to your annual credit report. Visit our Better Checking dedicated site to access your benefits of download the TCU Better Checking app for convenient access on the go. 
If there are any other tips or topics you would like us to cover, let us know at tcupodcast@trianglecu.org. Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.  
Thanks for listening to today’s Money Tip Tuesday and check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

Tips to Save Big Money at The Grocery Store - Money Tip Tuesday

When it comes to impulse buying and overspending, one often overlooked area is the grocery store. Fortunately, there are simple strategies you can use to save money on groceries and keep your costs within your budget. 
Links:
Check out TCU University for more financial education tips and resources!
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal Podcast. 
Have you ever looked at your grocery receipt in shock, realizing you spent more than you planned? Groceries can quickly add up, and many people are just as likely to make impulse purchases at the grocery store as they are elsewhere. Being aware of your spending and planning ahead are essential to shopping smart and managing regular expenses. 
If you're looking to reduce your grocery bill, here are a few tips to consider: 
Serve Simple Meals: Dinner doesn’t have to be complicated. Large meals with multiple sides and desserts can require significant prep work and increase costs over time. Consider simpler meal options like BLTs, big salads, egg sandwiches, or quiches. You don’t need to prepare an elaborate feast every night; with a little creativity, you can enjoy satisfying meals without the extra effort and expense. This approach may also help reduce food waste if you or your family can’t finish leftovers. 
Pay with Cash: This is a useful strategy for those who stick to a budget. If you know how much you can spend on groceries each week, bring that exact amount in cash and avoid exceeding it. This way, overspending becomes impossible. If you prefer not to use cash, consider setting a spending limit on your credit or debit card. 
Try Delivery or Pickup Services: The growing popularity of grocery pickup and delivery services offers more than just convenience; these options can help you cut back on spending. Shopping online decreases the likelihood of impulse purchases. When you walk through the store aisles, you're more likely to encounter items you didn’t plan to buy and toss them into your cart. Instead, opt for online shopping, scheduling a pickup or delivery. While many grocers may charge a small service fee, it could be insignificant compared to the money you save by avoiding impulsive buys. Often, the minor service charge is worth the savings.
Pay Attention to Sales: Smart shoppers always keep an eye out for sales, especially on meats, which can help reduce your grocery bill. Take note of when your favorite items go on sale and track their sales cycles to plan your purchases in advance. With some discipline, you’ll find that the savings add up over time.
Consider Buying Generic: Generic items are often cheaper than their brand-name counterparts. By switching some or all of your items to generic brands, you could see significant savings. Some grocery stores offer rewards programs that provide money back when you purchase their store brands. Not only are you buying cheaper items, but you’re also getting a little something back for your purchases—an extra win for your wallet! 
Groceries are a necessary expense in our budgets, but how much we spend can vary widely. With some planning, discipline, and creativity, you can keep this essential expense from getting out of control. 
If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org. Also, remember to like and follow our Making Money Personal Facebook and Instagram to share your thoughts. Finally, remember to look for our sponsor, Triangle Credit Union, on Facebook and LinkedIn.        
Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast. 

Episode 85: FAFSA and Financial Aid 101 | Matt Wallace from Granite Edvance

Planning for college involves important decisions, especially when it comes to financing and financial aid. In this episode, we discuss the FAFSA process with Matt Wallace, Vice President of Education & Career Pathways at Granite Edvance. We cover essential tips for completing the FAFSA, upcoming changes to streamline the filing process, and valuable resources for parents and students to ensure a smooth experience.
Links:
Access free resources, book one-on-one appointments, and find links to helpful tools and guides: Get Our Help - Granite Edvance
Get in touch with Granite Edvance: Contact Us - Granite Edvance
Book appointment: Calendly - Granite Edvance
Explore various financial aid resources: Resource Library - Granite Edvance
Check out Granite Edvance's YouTube Channel: Granite Edvance - YouTube
Visiting studentaid.gov for official FAFSA forms and helpful wizards to determine dependency status and required contributors
Follow us on Facebook, Instagram and Twitter!
Learn more about Triangle Credit Union  
**The views, thoughts, and opinions expressed are the speaker’s own and do not represent the views, thoughts, and opinions of Granite Edvance. The material and information presented here is for general information purposes only and is believed to be materially accurate at the time of this recording; however, information presented is subject to change without notice and should not be construed as a commitment by Granite Edvance.