Making Money Personal

Start Building Your Business Relationship - Money Tip Tuesday

Starting and running a small business is an exciting but often intimidating venture. If you’re gearing up to start your own small business, it’s important to make sure you have the right business professionals on your team, especially when it comes to your money. 
Links: 
Resources and tools from the SBA
Learn more about Triangle's Business banking products and services
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Learn more about Triangle Credit Union
Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast 
Launching your new business can be quite a challenge. Determining your product offer, doing market research, and building a brand are all important hurdles to jump. And of course, there’s the funding part. Determining whether you’ll bankroll it yourself or take out a loan is an important question you’ll face when starting a business.  
Fortunately, having the right business team on your side will make a huge difference when it comes to funding.  
If you’re a new small business owner, you may not know where to begin when it comes to getting a loan for your business.  
There are many financial institutions to choose from but what should you consider when choosing a financial institution for your business?  
Look for an institution that has a relationship with the Small Business Administration or the SBA. This reflects the credibility of the financial institution and opens doors to all kinds of additional resources and lending tools they’ll be able to assist with.  
Also, when it comes to business funding, look especially for affordable rates and low fees, both of which credit unions have a strong reputation of offering.  
The next thing to look for in building your business relationship is the convenience and responsiveness of your lender.  
Every business is unique. For some business owners, this may be as simple as easy access to a retail branch, but for others it may be more important to secure that trusted relationship with a financial partner and loan officer.   
The right financial partner for you will offer the best products and services for your business while also being approachable and responsive. Smaller financial institutions, like Triangle Credit Union, are perfect for business owners who prefer a local, full-service commercial loan department to take care of all their needs.   
Another thing to look for when building your business relationship is to have a dedicated loan officer that will be right by your side while your business grows.  
Loan officers will take the time to get to know you and your business goals while also providing suggestions for products and services that will provide the most benefit for your business. 
They also bring a large amount of business experience and can connect you with other professionals that can provide business services beyond financial needs like business exit planning, accounting, and legal services.  
If you’re excited to launch your new venture and are ready to move forward building your business relationship here are a few simple things you can do to prepare for that first business meeting. 
If you’re looking for financial backing, the first step is to contact the Commercial Loan Department at Triangle Credit Union or your chosen financial institution. You’ll be connected with a Commercial Loan Officer who will conduct a discovery interview to understand what your needs are.   
During this interview, you will be asked about the history of your business, the current financial trends, the current ownership structure, and what the financial needs are for your company.   
Depending on the loan products that you’re looking for, you will typically need to provide at least 2 years of federal business taxes and personal taxes as well as a set of recent financial statements.   
If your business is brand new, there will not be any financial history to examine. Therefore, the lending decision will rely heavily on personal collateral, personal credit history, a strong business plan, and how much cash you are willing to put into your business (ideally 10% of the loan you’re looking for).  
A strong business plan will tell the story of your business. It should include the vision of your company and explain why you believe you will be successful.   
A thorough business plan should also include a competitive analysis, pricing breakdown, staffing needs, and long-term planning that includes economic downshifts and upswings. This allows the Commercial Lending team to understand how you would be able to pay back your loan if something were to happen.   
If you don’t have your business plan in writing just yet, our Commerical Lending department at Triangle Credit Union will provide you with a blank form to fill out with all this information.  
If you have a vision for your business, working with a financial institution like Triangle Credit Union can help you on your journey to success. In addition to commercial loans, we also offer business cash management, payroll, and merchant services.   
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 be sure to check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

5 Tips for Saving Money This Summer - Money Tip Tuesday

Summer is in full swing! School is on summer break, and you might be getting ready to take a vacation.
With all the events going on in the summer, it can feel like you’re constantly spending money, but it doesn’t need to be that way.
We have 5 tips to saving money in the summer while still enjoying fun activities!
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Transcript: 
1. Don’t stop budgeting
We understand-- when the weather gets warmer, it’s hard to keep up with your budget. However, it’s important to stay with your budget, even in the summer months, so that you don’t stray away from your financial goals.
Use the longer days to your advantage. Once a week, wake up slightly earlier than usual, make your coffee, and grab your budget. If you have a deck or patio (and the weather is nice), take a step outside and enjoy nature while you deal with your finances. It may sound simple but you’re more likely to keep up with your budget if you make it enjoyable.
2. Go on a picnic
A picnic is a simple and easy activity that can be extremely fun and low cost for you and your family (or even your friends)!
Pack some sandwiches, snacks, and beverages, bring some lawn games and don’t forget the blanket!
Not only is this a great way to spend a few hours with your loved ones on a sunny day, but it won’t cost as much as it would going out to lunch. If you can do this once or twice a month during the summer, you’ll be able to cut back on your eating out spending while getting some sun at the same time.
3. Make your party a potluck
If you’re planning on throwing a party this summer, consider asking your invitees to bring a dish.
This will cut down on your costs significantly. Making your upcoming party a potluck also ensures that your guests have something they enjoy eating. This is a great ice breaker if you are inviting people who may not all know each other, and you may even end up with new recipes to try another day.
Making your party a potluck can ease the mental and financial stress that often accompanies party planning and allow you to enjoy the time with your friends and family.
4. Check your local library/town website for free community events
Your local library will have information on free events happening in your city or town. These events can include children’s movie nights in the park, free festivals, free concerts and much more!
Many libraries also offer discounts to local restaurants, zoos, and amusement parks which will also help you save money.
If you need help keeping track, check out your town’s website for a calendar of events and more information.
5. Budget your vacation
Many people choose to take family vacations in the summer, especially if they have children since kids are on break during the summer.
Vacations can be costly but that doesn’t mean they need to be. You can still go on the summer vacation you desire without breaking the bank. Check out our blog “How to Budget for Your Summer Vacation” at triangleuniversity.org for more tips on saving money for your summer vacation.
If you have any additional tips or would like us to cover a specific topic, email us at tcupodcast@trianglecu.org. For more great content, make sure you follow us on Facebook!
A special thanks to our sponsor, Triangle Credit Union and as always, thank you for listening.

Episode 58: Marketing Measurement Tips to Grow Your Business | Terri & Liz

Marketing your business can be challenging. There are so many tools out there not to mention the various strategies you'll need to develop in order to ensure your efforts bring results.
In this episode, Terri and I are chatting about the top ways to measure your marketing and discuss some of the different tools you can use to boost revenue and expand your business reach. 
Links: 
Track website data with Google Analytics
Track email and other marketing channels with Constant Contact
View, schedule and track multiple social channels with Hootsuite
Tools to do competitive analysis and other types of marketing research: SEMRush, BuzzSumo, Brand24, Social Status
Learn more about Triangle business services for other business and commercial needs
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Learn more about Triangle Credit Union
View episode transcript.
 

Side Hustle or Job Scam? - Money Tip Tuesday

Have you been exploring the Internet to find easy and fast ways to make extra money on the side? If you’re currently hunting for these opportunities, there are a few precautions you'll need to take first because some of the side hustles you’re considering might be scams.  
Links: 
Dog walking and pet sitting opportunities: Rover, Wag!, petsitter.com
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Learn more about Triangle Credit Union
Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
Now more than ever, people are trying to make more money. There are many motivations to do so: some want to pay off debt, while others want to put more into savings and invest more to prepare for retirement; the list goes on and on.  
Many of these motivated people are earning more money with “side hustles.” 
Side hustles are added forms of employment that differ from someone’s full-time job. These aren’t typically the same as part-time jobs because side hustles offer more freedom, flexibility, and control that one might not be able to get with other opportunities.  
There are various options when it comes to side hustle; for those who are considering taking one on, please research these opportunities thoroughly to avoid getting scammed!   
Some job scams are easy to spot. The jobs are promoted as quick and easy ways to make large sums of money which easily raise some red flags.  
Unfortunately, there are some scams that are cleverly disguised as side hustles and before people realize, they have already been taken advantage of.  
Job Scams You Should be Aware Of:  
Mystery Shopping: While some mystery shopping jobs are legitimate, there are companies that will try to scam you. Once you sign up, they will send you a check to deposit into your account then instruct you to head to a specific store to test out their money transfer service by transferring part of that money back to them. Unfortunately, the checks turn out to be fake. By the time the bank realizes it, you’ve transferred your own money and are also on the hook for the rest of the money you deposited.  
Medical Billing: It seems like a simple enough job—working from home entering data and handling medical billing. Once you’re “offered a job”, you’re asked to pay upfront for supplies, special software, or specific training or certifications. The scam is: after you complete these requirements, there are no medical billing jobs for you to do.  
Multi-Level Marketing: Often referred to as MLM, Direct Sales, or Network Marketing, these types of companies all have the same business model, which is to sell products and recruit others to do the same. The promise of time and financial freedom can be too wonderful to resist but the truth is, only 25% of people in MLMs make a profit; of that 25%, only 3% make more than $25,000/year. You may be enticed to join a network marketing company, but the reality is you won’t make the money you’re promised.  
Not all side hustles are scams though. There are many legitimate jobs you can begin today to make some extra money.  
 
Side hustle ideas that are NOT scams: 
Dog Walking/Pet Sitting: If you’re passionate about animals, dog walking or pet sitting are great ways to make extra money in just a few hours. Pet owners are always looking for reliable people to take care of their pets—and that includes walking and setting up specific play times or watching them over night. If you know people who have pets, you can reach out to them and offer your pet sitting services. Another way to build clientele is through apps such as Rover, Wag! or PetSitter.com.  
Food/Grocery Delivery Driver: Food and grocery delivery have become increasingly popular since the pandemic and this is a great way to earn some money when it fits into your schedule. Typically, these services offer quick and easy sign up. If you live in a city, you can deliver on bike or a scooter. Although the compensation structure differs between companies (some pay weekly while others allow you to cash out immediately), drivers can expect to keep 100% of their tips on top of other offers and potential base pay.  
Car Detailing: Interior and exterior car detailing is something that many people can do, they just don’t want to. That's why car detailing is a great side hustle for someone who has the time and space for it. This side hustle can be started without spending a huge amount on cleaning supplies and the cleaning supplies that you do buy can be used for multiple cars! 
Research is key! Before you start any new job, you should always do some of your own research and get any questions you have answered.  
Top Tips to Avoid Being Scammed:  
Never deposit a check with the intention of sending that money to someone else 
Be aware if someone tells the job will make you money quickly 
Don’t pay for certifications or trainings with a promise of unlimited jobs available after completion 
TRUST YOUR GUT! If something doesn’t feel right, it’s okay to walk away and find another opportunity.  
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 be sure to check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

Six Easy Ways to Protect Your Credit Cards - Money Tip Tuesday

As credit card fraud continues to impact people year over year, it’s important to keep your cards and information as secure as possible.  
Fortunately, there are some very simple and easy things you can do to keep your cards, physically and virtually, out of thieves’ hands. 
Links: 
Learn more about Triangle credit cards and their benefits
Learn more about Google virtual cards through Google Pay
Learn more about Triangle's Better Checking account and it's identity protection benefits. Already registered? Log into idprotectme247.com to access your benefits and register cards.
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Learn more about Triangle Credit Union
Transcript:
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
Of the types of identity theft out there, credit card fraud comes in at #2 on the list of most common types of identity theft just below government docs and benefits fraud (according to a 2021 FTC survey).  
Card fraud can happen to anyone using their cards physically in-store or virtually online.  
May steps have been taken to make physical card transactions more secure like EMV chips and contactless card functions which shelter your transaction behind layers of encryption and security.  
But, even with those new technologies, thieves still find ways to try to steal your info. Things like card skimmers at gas stations or RFID scanners can still be used by thieves when you’re out in public. 
Using your card online can be even trickier, because you could accidentally use your card on a fake website, or your info may get picked up in a data breach and sold on the dark net for someone else to use.  
Luckily, the growing awareness of credit card theft has led to many actions and tools you can use to keep your cards as secure as possible.   
Here are 6 things you can do to heighten card security. 
Number 1: Use an RFID protection sleeve or wallet. Cards can still get skimmed if you’re in public and someone gets close enough to scan it with a certain device. Protecting your card in an RFID protection sleeve or wallet will shield your card if you’re ever in crowded places where someone could try to steal your information.  
Enable card controls and turn off unused or rarely used cards.  The ability to turn your card on and off can make a world of a difference when you think your card number may have been stolen. Check your card apps or websites to see if you have card controls and turn off any unused or rarely used cards. This will ensure that even if someone gets ahold of it, your card cannot be used.  
Add your card to your phone’s mobile wallet and leave your physical card at home. Paying with your phone is super convenient and really secure. If you want to keep your cards safe from theft, add them to your phone and pay with the added convenience as well as security. Try not to lose your phone, but even if you do, your digital wallet is protected by biometric or PIN security making it hard for criminals to get access. 
Make sure you have notifications enabled with your card. This means you’ll receive a text message every time your card is charged with information on where it’s been used and the dollar amount charged. It’s a great feature to have because if you get an alarming notification of a charge you didn’t make you can act immediately. 
Do not save your credit card information in online checkouts. Use a payment processor like PayPal or Venmo or use a virtual card. If available, you can enable them through your card provider. Companies like Capital One and even Google can give you an option to enable a virtual card when you checkout. 
Register your cards with an identity protection service like ID Protect. If you have a Better Checking account you’re halfway there and have access to this valuable tool. If you’re registered with IDProtect simply log into idprotectme247.com and set up card registration within your profile. If your identity ever gets compromised, you’ll need to make one phone call with IDProtect who will help close all your cards and reissue new ones in a snap. Saving you time and anxiety. Contact Triangle Credit Union if you have any questions about getting set up. 
When it comes to your credit cards, you want to make sure they are as protected as they can be. With all the ways to lock, store and use your cards, you can now take more steps to safeguard your cards from theft.  
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 be sure to check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

The Difference Between a Financial Advisor and Financial Planner - Money Tip Tuesday

It’s quite common to use the terms financial advisor and financial planner interchangeably, but did you know that there are differences between the two? Both can guide you on your financial journey, but there are some key differences between them.
If you’re looking for someone to take a look at your finances, but are not sure if you want a financial advisor or a financial planner, here’s what you need to know. 
Links:
Learn more about Triangle's wealth management services
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Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast. 
First, let’s take a look at what a financial advisor is and what a financial planner is. A financial advisor usually helps clients with one-off investment planning and other financial matters. They evaluate your financial situation, where you want to be in the future, and give advice to help you build wealth. Financial advisors are usually required to have passed licensure and certification exams to give advice. Financial advisors usually charge an annual fee for their services which can range from 0.5% to 1% of your assets that they manage. Some financial advisors may also charge commissions on products they sell, like mutual funds or annuities.  These commissions can be as high as 6%. 
A financial planner typically creates a holistic plan that will help you and your finances in the future. They take everything into account, from savings and investments to retirement and estate planning. Financial planners are usually certified, the most prevalent being Certified Financial Planner, or CFP for short. Many financial advisory firms have certified financial planners on staff. If a financial planner is giving investment advice, they need to register with the Securities and Exchange Commision first. Financial planners charge fees for their services, and depending on the services, the fees can be monthly, quarterly, annually, or project-based. Like financial advisors, financial planners can also receive commissions on the products they sell. 
So how can you decide if a financial advisor or if a financial planner would work best for you? Both can help you with your finances, but it all depends on your circumstances and what you want to do with your finances. A financial advisor is great for short-term projects and investments. If you are already comfortable in your financial situation and are just looking for extra guidance, a financial advisor is the way to go. A financial planner is great for developing a long-term, comprehensive plan for your future. If you are going through any major life changes such as going to college, buying a house, getting married, having a baby, or retiring, it might be a good idea to talk with a financial planner.  
Before you pick the financial advisor or financial planner that will help you with your finances, there’s a few things you should look for. First, make sure that they are licensed and check their credentials. Ask them about their experience with finances and make sure that they would be a good fit for you. Make sure you understand what services they will provide and how much it is going to cost you. Remember, if you don’t feel comfortable with what they have to say, you don’t have to choose them. This is your financial future.  
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 Facebook, Instagram, and Twitter pages and look for our sponsor, Triangle Credit Union on Instagram and LinkedIn 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! 

Should You Avoid Buy Now, Pay Later? - Money Tip Tuesday

Is the convenience of buy now pay later checkout options all that it’s cracked up to be? Keep listening to learn the pros and cons of buying now and paying later. 
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Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
When online shopping, you might have noticed an option to check out with Afterpay, Klarna, or Affirm. These are the most well-known Buy Now, Pay Later providers.  
Buy Now, Pay Later (BNPL) is a way to finance purchases so that you can pay for them in weekly, bi-weekly, or monthly installments rather than paying in total at the time of purchase.  
This system is similar to layaway where purchase payments are split up into more manageable amounts; however, unlike layaway, with BNPL, you get your products upfront and make the payments after.  
Every Buy Now, Pay Later servicer operates a little differently. Some will require 25% of the cost upfront with the remaining 75% split between 3 payments over the following 3 weeks, while others allow for zero-down payments.  
If you’re considering Buy Now, Pay Later, weigh out the pros and cons first to see if you should avoid it or not. 
Pros of BNPL:
0% Interest Rate: Many BNPL providers offer a 0% interest rate which allows you to pay the total balance without accruing any extra interest.  
Easier Approval: Typically, BNPL doesn’t require a hard credit check so compared to credit cards, getting approved for a Buy Now, Pay Later program is much easier and doesn’t affect your credit score. 
Cons of BNPL:
Multiple BNPL Agreements: Every time you use Buy Now, Pay Later (even if you use the same provider with multiple purchases) you will need to set up new agreements with their own terms and payment due dates which can make it difficult to keep track of all your purchases.  
Making Purchases You Can’t Afford: By splitting a purchase up into smaller amounts, you may get the impression that the total cost is not as much as it actually is. Although the individual payments are affordable, the problem arises when you finance multiple purchases at the same time. If you're not careful, these payments can add up to more than you’re expecting.  
Potential to overdraft: Having frequent automatic payments scheduled to come out of your checking account has the potential to lead to overdrafts.  
Continued Payments Even with Returns: If you choose to return an item that you bought via Buy Now, Pay Later, you may still have to make payments for a bit. While you should eventually get your money back, it may take time for the merchant to let the lender know you returned the item. If the lender hasn’t been informed by the time your next payment is due, you will need to make the payment to avoid the lender marking it as a missed payment.  
Whether you should avoid Buy Now, Pay Later is dependent on your financial situation and financial discipline.  
BNPL is a great option as a one-time solution to finance a big purchase such as a piece of furniture that costs a couple hundred dollars. You’ll be able to easily keep track of the term and bi-weekly/monthly due dates since it is only one item.  
However, BNPL could be detrimental to your finances if you get into the habit of financing all your purchases.  
Overall, it’s important to make sure you’re aware of the pros and cons, understand how BNPL works, and make the decision that is right for you. 
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 be sure to check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 

How to Keep Your Financial Stress Low as Prices Rise - Money Tip Tuesday

Have you recently been discouraged about the amount of money you seem to be spending; you’ve asked yourself a few times now, “where is it all going?” 
The fact of the matter is that you’re probably like many others asking these questions and trying to find an answer. 
Links: 
Watch our Budgeting webinar for tips on starting a budget
Watch our Financial Freedom webinar to learn how to tackle pesky debt
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Learn more about Triangle Credit Union
Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
Have you been looking over your accounts and wondering why it feels like you’re still struggling for cash? You’re not bad with your money, but it just feels like even in spite of your efforts, you just don’t have enough left.  
The truth is, we’ve all been hit with rising prices. From food to rising taxes, utilities, and just overall expenses. 
If you’re growing concerned about how your money is being spent, then you’re not alone.  
Gallop.com reports that a recent survey showed 61% of Americans are saying that price increases are causing financial hardship.  
If you’re paying attention to your expenses, you’re probably noticing that your dollar doesn’t seem to stretch as far as it used to.  
Costs for everyday items, particularly food, are rising. Over the last year, groceries have gone up 7.1%, full-service restaurant costs have gone up 7.2% and takeout meals rose around 8.2% according to a CPI report from the Bureau of Labor Statistics. 
Some other things may have also increased like property taxes, utilities, gas and other expenses related to your lifestyle including vacation and travel costs. 
If you feel like your finances are spinning out of control, you can take steps to minimize the effects of rising prices in your financial life.  
You need to be in control, not controlled. If you’re ready to get back into good financial shape, here are some things you can do to get there.  
The first is you need to take a deep breath, sit down and determine where your money has been going.  
This means that you’ll need to review ALL your expenses. If it helps to go through all your receipts and statements, then do that. Breaking down your credit card statements and receipts can help you visualize how much of your money is going where.  
Ask yourself specific questions like, where have you spent the most in the last month? What about the last few months? Are you dining out more? Spending more on apparel or home good items? Is it going to bill payments? Did you recently have an emergency or need to spend more on car repairs? 
If you’re overspending in certain areas, it should be obvious here and you should be able to make an effort to dial back on your spending in that category. If it’s not so obvious, then you’ll need to reevaluate your budget. 
The first and most important step to creating a proper budget is to evaluate your needs and your wants.  
This might sound obvious, but you need to prioritize your needs to be sure you’re covering all your necessities before you start spending money on things you don’t need. 
If you’re not sure what those are, the top necessities go in this order: Food, shelter, utilities and transportation.  
Break everything else down after that. Make sure you’re making payments on any debts you have, saving money in an emergency fund or retirement account, and go down the list.  
Be really honest with yourself about this. We all tend to want a lot of things but there are times in life when we need to make an honest decision to hold off on some of the things we want.  
It doesn’t mean you’ll never get them. It may just mean you’ll need to have some patience and wait a little longer. 
Changing times and adjustments in life will affect our money habits and our budget. It’s important that as things change you keep your budget updated as well. If you stay on top of those changes you’ll be better able to pivot and keep financial stress at a minimum. 
Luckily, whether you’re new to organizing your finances, or just in need a simple refresh, there are many resources available you can use to get back into shape and keep your financial stress low.  
If you’d like tips on how to organize a budget, watch our Budgeting webinar to learn how to easily put one together. 
If after doing your budget you realize you need more money, start drawing up a plan to work overtime, find a second job, or start a side gig. 
If you determine that you want to work towards paying off your debt, watch our Debt free living webinar for a few options on debt reduction strategies that work for any size debt. 
And finally, follow institutions and professionals you trust and shows like this to learn financial strategies, tips, news and more. 
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 be sure to check out our other tips and episodes on the Making Money Personal podcast.  
Have a great day! 
 

What is Title Insurance and Do You Need It? - Money Tip Tuesday

If you’re shopping for a house, you’ve probably heard the term title insurance thrown around. But what exactly is title insurance? Do you need it? Get ready to have all of your title insurance questions answered. 
Links: 
Speak with a Triangle Mortgage Originator or learn more about our mortgage programs
Follow our Facebook, Instagram and Twitter pages!
Learn more about Triangle Credit Union
Transcript: 
Welcome to Money Tip Tuesday from the Making Money Personal podcast. 
To start off, title insurance protects you as the owner of the property against any previous liens, judgments, tax issues, or ownership questions that may arise after the deed is transferred to you.  Whether you purchase a home with cash or through a lender, you as the owner have the option to purchase title insurance.   
There are two types of title insurance – owner's title insurance and lender’s title insurance. The first type of title insurance, owner’s title insurance, is a type of insurance protects the owner in the event that there are defects in a title on the property.  If the previous owner stopped paying for a service before selling the house to you, the service provider put a lien against your property which was not resolved prior to the title transfer. A lien is a legal right to a person’s property until the debt is paid and the lien is released.  In other words, if you don’t have title insurance, the previous owner’s debts are now your problem. While not mandatory, owner’s title insurance is a good idea to cover yourself and your property.  
Owners’ title insurance is important thing to have, but how much is it? The price of title insurance varies depending on where you live and how much you paid for your new property. It can range from anywhere between $500 to $3,500. The other benefit of it is that it isn’t a recurring fee, so once you buy it, you’re all set for as long as you own the property. 
The second type of title insurance is lender’s title insurance, which is mandatory. If you go through a lender or mortgage company, they will require you to get lender’s title insurance, so it protects them if the previous owner has any outstanding liens, judgements or past due taxes.   
If you have any questions about title insurance or even buying a home in general, Triangle Credit Union has a team of mortgage originators ready to meet with you to answer any questions you have, and they’ll help you find the right mortgage for your situation. 
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 Facebook, Instagram, and Twitter pages and look for our sponsor, Triangle Credit Union on Instagram and LinkedIn 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 57: Understanding Today’s Real Estate Market | Mariana Silva

Searching for a home can be an exciting and stressful activity at the same time, especially with so many ups and downs in the market.
In this episode we're chatting with Marianna Silva, Real Estate Professional and Owner of Invest Realty Group to discuss the current trends with the housing market and how today's buyers can make the most of it. 
Links: 
Visit Invest Realty Group's website
Follow Invest Realty Group's Facebook, Instagram, Twitter and YouTube Pages
Contact Mariana Silva 
Learn more about Triangle mortgages
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Learn more about Triangle Credit Union
View episode transcript.