Our Blog Has Moved!

Date January 3, 2018

box with moving day written on it

We have a new home for our Matadors Money Matters blog – on our website!

Please note: Some of the links on this blog site may not work due to the launch of our new and improved MCCU website.

Visit us online to read future blog posts.


How Students Can Get Discounts And Savings Just By Being A Student

Date December 21, 2017

young adults by a carThere’s no doubting it; college is expensive. For most students, the cost is worthwhile because of the earning potential that exists on the other side, but what about the here and now? Did you know being a college student could get you all kinds of discounts? Here are three excellent places to save with your college ID.

1.) Save big on Amazon Prime

Amazon offers a specialized Amazon Prime discount that’s just for college students. For those unfamiliar, Amazon Prime is a membership program that offers free shipping on most products sold on Amazon. Just by providing them with a .edu email address, you get 50% off a yearly Prime subscription. Since you can share Prime with up to four other people, you could split the cost with roommates or family to get the cost even lower.

Amazon Prime also includes its own music streaming service (so you can stop paying for Spotify), its own online video service (goodbye Netflix), and even some free before-market e-books! With that range of services, plus free shipping, Amazon Prime for students might be your budget’s best friend.

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Financial Preparation For 2018

Date December 19, 2017

2018 is almost here – are you ready? Usher in the new year with plans for financial improvement and resolutions to do more.Here are some tips to get you started:

Tune your budget

It’s great to start off the new year with a plan. A budget is just that-a plan that starts with the income you expect and your fixed expenses such as your mortgage, insurance and utilities. The plan incorporates your savings goals, and the remaining money is designated for your other expenses. A realistic budget will help you set your financial goals and will remind you to stick to them. Now is the perfect time to assess last year’s budget or create a new one if you don’t yet have one in place.

Reviewing how you spent last year’s money will help you make better financial decisions for the year ahead. While thinking about it, include a method for tracking your spending. You can do this on a spreadsheet or tag items in your checking account.

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Surviving the Holidays With Your Sanity Intact

Date December 14, 2017

With crowded stores and an ever-growing list of people to shop for, it’s easy to get overwhelmed and to overspend on your holiday shopping. No worries, though; we’ve got you covered! Read on for pre-and post-holiday tips and have yourself a jolly December without breaking the bank.

6 Pre-Holidays Tips

1. Revise your gift list

Chances are, lots of the people you exchange gifts with would be relieved to be taken off your list. Talk to coworkers and acquaintances about just exchanging cards this year, or make a deal to only exchange homemade or inexpensive gifts. This way, you can focus on buying special gifts for those closest to you instead of generic gifts for everyone you’ve ever met.

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Protecting Yourself Against Card Cracking Scams

Date December 12, 2017

In a recent scam targeting millennials, fraudsters are once again cashing in on people’s naivety and goodwill. Only this time, they’re using social media to make it happen.

What makes the scam especially cruel is that fraudsters specifically look for cash-strapped victims who are desperate enough to believe almost anything in the hope of earning a quick buck. This vulnerability, coupled with the broad reach of and easy plundering through social media, has made card cracking especially successful.

Card cracking scams start with an innocent-looking social media post. It will always showcase some form of quick cash. It might be an easy-to-win contest with a huge cash prize, a dream job that will instantly be yours – as soon as you follow the instructions – or a gift card that you’ll be granted just for sharing information.

If you click on the embedded link, you’ll be asked for your checking account information, your PIN or your online banking credentials.

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Video: It’s Almost Tax Time! Should You Itemize or Not?

Date December 7, 2017

Whichever way you decide to go, be sure to check with a tax professional first.

Doing your own taxes? Click here for a TurboTax discount, courtesy of Matadors Community Credit Union!

Earn More for your Money at MCCU!

Date December 5, 2017

You work hard for your money. That’s why we want to give you the best return we can! Open a 24-Month Certificate for your regular or IRA money and earn as high as 1.90% APY1! With only $1,000 needed to open, you can’t go wrong with this federally insured Certificate!

Visit us online for more information!

24 month certificate 1.90% apy

APY=Annual Percentage Yield. Rate as of 11/30/17 and is subject to change. Platinum Membership required for advertised rate/APY, otherwise the stated rate is 1.75% APY. Membership required to open Certificate account. Penalty for early withdrawal. Dividends are compounded and paid monthly. Fees may reduce earnings. Certain State and Federal penalties may apply to IRA accounts, please consult your tax advisor. See disclosures for special features and requirements. Each member account is federally insured up to at least $250,000 by the NCUA, a US Government Agency.

A Holiday Wish List For Financially Savvy Students

Date November 29, 2017

holiday giftAs we all know, “‘Tis better to give than to receive.” Still, receiving gifts can be pretty darn cool. Around this time of year, parents and grandparents may be asking you what you want for the holidays. By outlining something you need, you help them give you a gift you’ll use. It’s not selfish. In fact, it’s really generous to make yourself easy to shop for.

But what should go on that list? If you’re looking for gifts to boost your financial capabilities, try these suggestions.

1.) Cookware

Outside of tuition and books, one of the biggest drains on a college student’s budget is food. Without access to kitchen equipment, eating out is really your only option. Fortunately, a variety of appliances can be good supplements to your microwave and fridge.A two-burner stovetop can plug into the wall and do most anything a range top can. You can stir-fry, saute and boil, and that creates many options. Such devices are available for less than $30 in most stores. A crock pot can serve for soups and stews, and can even replace an oven. An electric kettle can boil water in a hurry for instant soups or noodles. Look for models that have automatic shutoffs for added safety!

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Just Say No! Teach Your Child To Curb Impulse Purchases

Date November 27, 2017

It’s no secret that impulse buys can wreak havoc on even the most carefully constructed budget. And retailers know this all too well – that’s why the checkout counters in groceries, pharmacies and large shopping centers are packed with dozens of things you may not really need. And that’s why you might come home from those stores having spent more than you’d planned.

Learning to curb those impulses is an ongoing struggle. Here’s a strategy you can employ to teach your kids that turning down those small impulses can mean saving big and allowing your money to grow.Choose a store you and your child visit regularly. It can be Target, Walmart, the local grocery or even a dollar store, so long as it has its fair share of tempting impulse purchases that your child usually begs for.

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Everything You Want to Know About Bitcoin (… But Were Afraid to Google)

Date November 22, 2017

What are Bitcoins and how can I get some?  Here’s an introductory guide to bitcoins to help answer these questions and more!

What is Bitcoin?

Bitcoin is a form of money that is entirely digital.  In other words, if the U.S. has dollars, and Europe has Euros, the internet has bitcoins.

But the fact that bitcoin is digital isn’t the most interesting thing about this type of currency.  In fact, economists estimate that 92% of all money is digital, no matter what currency we’re talking about.  So what makes bitcoin so interesting is that it’s decentralized.

No single nation, bank or institution controls bitcoin.  While it was first invented by developer Satoshi Nakamoto, the bitcoin currency is administered and propagated by bitcoin users.

How Does Bitcoin Work?

Bitcoin works a lot like a regular currency.  You can buy and sell digitally, of course, but you can also use bitcoin to make “real life” purchases if the vendor accepts bitcoins.  The first such “real life” purchase using bitcoin was in 2010, when a man bought two pizzas for a whopping 10,000 BTC (Bitcoins).

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