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…

July 6, 2020PEFCU Perks, We Are PEFCU No Comments
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…

How to Start Saving for Emergencies

Most people understand why an emergency fund is essential, yet the idea of building one can feel intimidating. When you’re balancing everyday expenses, repaying debt, or income shifts monthly, saving even a small amount can feel out of reach. And when financial advice starts with “save three to six months of living expenses,” it’s easy to shut down before you ever get started.  The truth is that emergency funds aren’t built overnight. They’re not one big goal to tackle right away. Instead, they’re a series of smaller steps that compound over time. Once you break the process down into pieces, saving becomes something that feels realistic – and something you can start today,…

March 22, 2026Future Planning No Comments
How to Start Saving for Emergencies

Most people understand why an emergency fund is essential, yet the idea of building one can feel intimidating. When you’re balancing everyday expenses, repaying debt, or income shifts monthly, saving even a small amount can feel out of reach. And when financial advice starts with “save three to six months of living expenses,” it’s easy to shut down before you ever get started.  The truth is that emergency funds aren’t built overnight. They’re not one big goal to tackle right away. Instead, they’re a series of smaller steps that compound over time. Once you break the process down into pieces, saving becomes something that feels realistic – and something you can start today,…

8 Financial Tips for Gen Z That Actually Work

For many in Gen Z, money hasn’t felt simple or predictable. You’ve dealt with changing job markets, prices that keep climbing, and advice coming from every corner of the internet – especially social media. It can often feel like everyone else learned something, and somehow you didn’t get the memo. But, in reality, most people are just trying to figure things out as they go.  The truth is that people rarely struggle because they’re careless with money. They struggle because the systems they’re told to use don’t match real life. You don’t need complicated routines or perfect habits. You just need a few tools that help things run more smoothly – even when life gets busy or unpredictable.  Tip #1 – Build a Simple Financial…

March 15, 2026Wallet Wins No Comments
8 Financial Tips for Gen Z That Actually Work

For many in Gen Z, money hasn’t felt simple or predictable. You’ve dealt with changing job markets, prices that keep climbing, and advice coming from every corner of the internet – especially social media. It can often feel like everyone else learned something, and somehow you didn’t get the memo. But, in reality, most people are just trying to figure things out as they go.  The truth is that people rarely struggle because they’re careless with money. They struggle because the systems they’re told to use don’t match real life. You don’t need complicated routines or perfect habits. You just need a few tools that help things run more smoothly – even when life gets busy or unpredictable.  Tip #1 – Build a Simple Financial…

How to Declutter Your Financial Life

We all have one, and no one wants to deal with it…a junk drawer. You know the drawer in your kitchen that’s filled with pens, coupons, mail, and just about everything else you can imagine. Maybe your culprit is a closet that hasn’t been cleaned out in years. Somehow, sections of our lives become cluttered without us even realizing it’s happening.  If your finances feel a bit scattered right now, you’re not alone. Between payment apps, subscriptions, credit cards, loans, and financial accounts, modern life encourages financial clutter, even when you’re trying to do everything right. Luckily, decluttering your money matters is usually much easier than you think.  Why Financial Clutter…

March 8, 2026Future Planning, Wallet Wins No Comments
How to Declutter Your Financial Life

We all have one, and no one wants to deal with it…a junk drawer. You know the drawer in your kitchen that’s filled with pens, coupons, mail, and just about everything else you can imagine. Maybe your culprit is a closet that hasn’t been cleaned out in years. Somehow, sections of our lives become cluttered without us even realizing it’s happening.  If your finances feel a bit scattered right now, you’re not alone. Between payment apps, subscriptions, credit cards, loans, and financial accounts, modern life encourages financial clutter, even when you’re trying to do everything right. Luckily, decluttering your money matters is usually much easier than you think.  Why Financial Clutter…

Home Equity Loan or Cash-Out Refi: Which Is Right for Me?

Your home is so much more than just a place to live. It’s a haven for you and your family. It’s a gathering place for your inner circle. But did you know that it can also serve as a powerful financial tool?   If you’ve owned your home for a while and built substantial equity, you can access that equity to help meet your financial needs. And your equity can be used for much more than simply home renovations and repairs – it can also be utilized to consolidate high-interest debt, pay for education expenses, or cover emergencies.   How you choose to tap into your equity matters just as much as how you plan to use it. You can leverage your equity with a Home Equity Loan, a Home Equity…

February 8, 2026Borrowing Basics, Future Planning No Comments
Home Equity Loan or Cash-Out Refi: Which Is Right for Me?

Your home is so much more than just a place to live. It’s a haven for you and your family. It’s a gathering place for your inner circle. But did you know that it can also serve as a powerful financial tool?   If you’ve owned your home for a while and built substantial equity, you can access that equity to help meet your financial needs. And your equity can be used for much more than simply home renovations and repairs – it can also be utilized to consolidate high-interest debt, pay for education expenses, or cover emergencies.   How you choose to tap into your equity matters just as much as how you plan to use it. You can leverage your equity with a Home Equity Loan, a Home Equity…

Common Tax Scams & How to Avoid Them

Common Tax Scams & How to Avoid Them  Tax season is here, and it tends to put most people on edge. Many are anxious to file their returns because they rely on the money from their tax refund. Others find it stressful to locate all their tax documents and file on time. Add in people’s fear of the IRS and making mistakes on their returns, and it creates the perfect environment for scammers.  Fraudsters feed off uncertainty, and tax time provides multiple opportunities to deceive taxpayers. Fortunately, protecting yourself can be easy with the right knowledge.   While the tactics used…

February 1, 2026Security Center No Comments
Common Tax Scams & How to Avoid Them

Common Tax Scams & How to Avoid Them  Tax season is here, and it tends to put most people on edge. Many are anxious to file their returns because they rely on the money from their tax refund. Others find it stressful to locate all their tax documents and file on time. Add in people’s fear of the IRS and making mistakes on their returns, and it creates the perfect environment for scammers.  Fraudsters feed off uncertainty, and tax time provides multiple opportunities to deceive taxpayers. Fortunately, protecting yourself can be easy with the right knowledge.   While the tactics used…

Start the Year with Lower Car Payments

For many of us, we love the car we drive. It gets us where we need to go, hauls and protects what matters most, and feels like an extension of daily life. However, we often don’t feel as passionate about the monthly payment attached to it. Auto loans are among the largest expenses in most households, yet they are rarely updated once the paperwork is signed.   As a new year begins and financial resolutions are the new focus, it’s worth taking a moment to ask yourself: Does your current car loan fit your budget as well as it could?  Refinancing gives you the chance to adjust your loan in your favor. It’s not a…

January 31, 2026Borrowing Basics No Comments
Start the Year with Lower Car Payments

For many of us, we love the car we drive. It gets us where we need to go, hauls and protects what matters most, and feels like an extension of daily life. However, we often don’t feel as passionate about the monthly payment attached to it. Auto loans are among the largest expenses in most households, yet they are rarely updated once the paperwork is signed.   As a new year begins and financial resolutions are the new focus, it’s worth taking a moment to ask yourself: Does your current car loan fit your budget as well as it could?  Refinancing gives you the chance to adjust your loan in your favor. It’s not a…

6 Myths About Refinancing Car Loans

Refinancing your car loan might sound like a mystical and complicated process, but that’s rarely the case. In truth, refinancing is one of the quickest and easiest ways to put more of your hard-earned dollars back into your wallet each month.   Believing common misconceptions about refinancing might be preventing you from pursuing one of the best financial decisions you can make for your budget. We’re here to debunk these common myths and help you gain a clearer understanding of how this process can instantly improve your finances.   Understanding Auto Loan Refinancing  Refinancing your car loan is essentially the process of replacing your current auto loan with a new one. Borrowers typically pursue a refinance to make their loan…

January 25, 2026Borrowing Basics No Comments
6 Myths About Refinancing Car Loans

Refinancing your car loan might sound like a mystical and complicated process, but that’s rarely the case. In truth, refinancing is one of the quickest and easiest ways to put more of your hard-earned dollars back into your wallet each month.   Believing common misconceptions about refinancing might be preventing you from pursuing one of the best financial decisions you can make for your budget. We’re here to debunk these common myths and help you gain a clearer understanding of how this process can instantly improve your finances.   Understanding Auto Loan Refinancing  Refinancing your car loan is essentially the process of replacing your current auto loan with a new one. Borrowers typically pursue a refinance to make their loan…

New Year, New Scams: How to Protect Yourself

A new year often brings a fresh financial mindset. People review budgets, set goals, apply for loans, and spend more time managing accounts online. Those shifts are normal. Unfortunately, they also create opportunities for scammers who are constantly watching how consumer behavior changes.  Fraud does not slow down after the holidays. It adapts. Scam tactics evolve alongside technology, digital banking habits, and everyday tools people trust. That’s why some of today’s scams feel more believable than ever before. Staying informed about how these schemes work helps you recognize the warning signs early and protect your accounts before a situation escalates.    Why Scams Are Becoming More…

January 9, 2026Security Center No Comments
New Year, New Scams: How to Protect Yourself

A new year often brings a fresh financial mindset. People review budgets, set goals, apply for loans, and spend more time managing accounts online. Those shifts are normal. Unfortunately, they also create opportunities for scammers who are constantly watching how consumer behavior changes.  Fraud does not slow down after the holidays. It adapts. Scam tactics evolve alongside technology, digital banking habits, and everyday tools people trust. That’s why some of today’s scams feel more believable than ever before. Staying informed about how these schemes work helps you recognize the warning signs early and protect your accounts before a situation escalates.    Why Scams Are Becoming More…

Travel More, Spend Less: How I Make Every Trip Affordable

A great trip doesn’t have to be expensive. Over the years, I’ve learned how to plan incredible travel experiences for myself and my clients without financial stress or post-vacation regret. The secret? Maximizing value and planning ahead. Here are three strategies I use to make travel more affordable. Work with a Travel Advisor Working with a travel advisor is a smart investment for any trip. In addition to expert destination knowledge and personalized planning, you may receive: Onboard credit on cruises Room upgrades or early check-in times Resort credits or added amenities Exclusive offers not available when booking directly These…

December 22, 2025Wallet Wins No Comments
Travel More, Spend Less: How I Make Every Trip Affordable

A great trip doesn’t have to be expensive. Over the years, I’ve learned how to plan incredible travel experiences for myself and my clients without financial stress or post-vacation regret. The secret? Maximizing value and planning ahead. Here are three strategies I use to make travel more affordable. Work with a Travel Advisor Working with a travel advisor is a smart investment for any trip. In addition to expert destination knowledge and personalized planning, you may receive: Onboard credit on cruises Room upgrades or early check-in times Resort credits or added amenities Exclusive offers not available when booking directly These…

PEFCU Holiday Club Account 

We get it; the holidays just ended. We’re sure the last thing you want to think about is the hustle and bustle of the next holiday. But here’s one reason why you should: PEFCU Holiday Club Account. Taking just a few minutes to open this account could save you some serious $$ next December.   Here’s the scoop: When you open a PEFCU Holiday Club Account, you’ll have all year to save the money you need for the next holiday season. With this account, you get to decide the frequency and amount of your deposit. To make it easy, we even offer convenient distribution of your payroll direct deposits.  For example, assume the annual percentage yield (APY) is 0.05% (this is subject to change each Tuesday). If you start depositing $10 from each…

December 20, 2025Future Planning, Wallet Wins 7 Comments
PEFCU Holiday Club Account 

We get it; the holidays just ended. We’re sure the last thing you want to think about is the hustle and bustle of the next holiday. But here’s one reason why you should: PEFCU Holiday Club Account. Taking just a few minutes to open this account could save you some serious $$ next December.   Here’s the scoop: When you open a PEFCU Holiday Club Account, you’ll have all year to save the money you need for the next holiday season. With this account, you get to decide the frequency and amount of your deposit. To make it easy, we even offer convenient distribution of your payroll direct deposits.  For example, assume the annual percentage yield (APY) is 0.05% (this is subject to change each Tuesday). If you start depositing $10 from each…