Science of Saving

Saving your money isn’t always easy, especially when you don’t have a lot to spare. After paying all your usual expenses, there may be very little “fun” money at the end of the month. When we do find ourselves with some extra cash, like a tax refund, many of us rush out to buy those shoes or that electronic gadget we’ve been eying for months instead of putting it into our savings.

Why do we do that? Why do we spend the money we planned on using for our future?
We can blame it on our brains. Behavioral science has shown that humans are hard-wired to act on impulse and that it takes conscious thought to delay gratification. It’s also much easier to focus on the present than our future.
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Tax Tips for First-Time Filers in College

Unless you’re an accounting major, filing taxes may not be your idea of a good time. But if you don’t file, you may end up leaving a lot of money on the table. If you’re going to file taxes for the first time this year, here are a few tips to make this task easier and less stressful:

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ANNOUNCING MCFCU’s NEW Online Financial Wellness Center

We know that navigating your finances can be challenging, and we are committed to providing you with resources to help manage your financial future. That’s why we are thrilled to offer you a new financial education program called the MCFCU Financial Wellness Center. 

It is a free online, self-paced series of interactive modules that cover key financial concepts such as saving, investing, credit scores, mortgages, and identity protection. These short, interactive learning experiences will help prepare you with the skills to manage your finances and plan for the future! Many modules also feature Action Plans with budgeting and planning tools to reinforce positive behavior and help you take positive steps toward better financial health.

Throughout the year we’ll be highlighting a variety of these learning modules to give you the opportunity to learn more about managing your money. The learning experience was specifically designed for your busy lifestyle. It is mobile and tablet accessible, available in both English and Spanish, and each module is only 2 -7 minutes in length.

Simply register or log in to get started today!

membership eligibility…

Membership in Madison County Federal Credit Union is now easier than ever! If you live, work, attend school, worship, or volunteer in Madison County you meet our new eligibility requirements. Our new, less restrictive Field of Membership allows us to offer the benefits of credit union membership to all of our friends and neighbors in Madison County

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