Inflation is a silent budget killer. It causes everything to go up, from your groceries to your gas, as the purchasing power of your money decreases. During a good year, it cuts your buying power by 2% to 3%. But it’s hitting especially hard this year because the U.S. annual inflation rate is 9.1% for the 12 months ended June 2022, a level we … [Read more...]
Pro Tips to Combat Inflation
Members Trust Can Help Fill College Funding Gaps
College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely to pay for it. Most families do not have enough college savings to pay for four years of tuition, room, board, books, and other expenses, so financial aid will come into play. Members Trust can help you plan, and help you bridge the gap! We … [Read more...]
Personal Loans vs. Credit cards
When you need to borrow, you might think about applying for a personal loan or credit card depending on your financial situation. Both options help you get the money you need but under very different terms. While credit cards are ideal for short-term and small expenses, a personal loan is a better option for high ticket items. Depending on your … [Read more...]