The Modern Wallet Blog

Budgeting for Infrequent Expenses

Many people live in a state of denial about the cost of infrequent expenses.

4 Signs You Need to Clean Up Your Finances

It’s easy to see when you house needs cleaning, but it may be a little harder to know when to “tidy up” your finances.

7 Ways to Protect Your Credit Score

A high score can help you qualify for the lowest interest rates.

5 Reasons Credit Unions Offer the Best Auto Loans

We want to help you to get the most for your money.

Does It Make Sense to Consolidate Your Debt?

Before jumping at such an offer, ask yourself these crucial questions.

Consider Refinancing Your Home

You could save hundreds of dollars a month.

Choosing a Private Student Loan

These are the things you should consider.

Buying a Home in a Seller’s Market

When you find a home you love, you’ll need to act fast.

Home Remodeling: What Questions Should You Be Asking?

Make sure you're prepared.

How Much Home Can I Afford?

There are 3 things to consider before you sign anything.

The RAIN Method for Buying a Car

Whether you're looking for a brand-new car or a reliable used ride, you want to get the most for your money.

USF Federal Credit Union Hires Chief Member Experience Officer

USF FCU is pleased to welcome Kathy Sianis, MBA, as the organization’s Chief Member Experience Officer.

USF FCU Partners with AdventHealth

Donation supports life-changing programs and initiatives.

To Pay Down Debt, First You Have to Save

When you want to pay off debt fast, that impulse often means depleting your savings.

Family Finances: The Importance of Keeping Everyone Informed

Who pays all the bills, files the joint taxes, deals with insurance matters, and knows where all the important papers are saved?

All You Need To Know About Home Loans

If you’re in the market for a new home, you’ll likely need to take out a home loan or mortgage.

Student Loan Scams

Here’s what you need to know about three popular student loan scams.

All You Need to Know About Buying a Used Car

If you’re in the market for a deal on used wheels, follow these steps for a smoother ride!

Bad Money Habits and How to Fix Them

The peace of mind a healthy financial status brings is priceless.

5 Ways To Pay Off A Loan Early

If you’re like most Americans, you owe money on a large loan. 

How To Talk Money With Your Partner

What happens when you and your partner have different approaches toward money?

It's a common scenario.

Saving on Home Renovations

Is your home in desperate need of a facelift? With some careful planning, you can shave thousands of dollars off the price tag.

Saving Money When There's Not Much to Save

Life is easier if you have a cash cushion or an emergency fund, but how do you save when there is not much fat in your budget?

Don't Rely on Luck at Tax Time

At tax time, there’s no such thing as luck. Plan ahead, be proactive, and prevent surprises on your next tax return.

Financial Advice You Should Never Follow

The beauty of the Internet is that anyone can start a blog. The ugly truth about the Internet is that anyone can start a blog. And no, that's no typo.

IRS Imposters Among the "Dirty Dozen" Tax Scams

If you received unexpected good news in an e-mail from the IRS, it's probably bogus.

Payday Loans Aren't Worth the Cost

It’s a trap that will cost you many times more than you borrow.

COVID-19 Vaccine Scams

Everything you need to know about COVID-19 vaccine scams and how to avoid them.

5 Reasons We Overspend (and How to Overcome Them)

What makes us overspend? Let’s take a look at five common reasons and how we can overcome them.

8 Ways To Beat Holiday Stress

‘Tis the season to be merry-except sometimes, it’s not.

The Benefits of Using Mobile Payments

Why fumble for your wallet when checking out when you can pay using your phone?

Tracking Holiday Spending Keeps Stress Down

You don't have to dip into the kids' college savings to create a special time!

6 Times a Bargain is Not a Bargain

Here’s when that steal of a deal is not such a bargain after all.

What Are the Advantages of a HELOC?

Once approved for a HELOC, borrowers can spend the funds however they choose. 

Debt-Collection Scams

A caller claiming to represent a debt-collection agency demands immediate payment for an alleged outstanding debt. 

USF Federal Credit Union Named Credit Union of the Year

The honor recognizes the credit union for maintaining sound finances, caring for its members and giving back to the community.

Political Fundraising Scams

The Better Business Bureau (BBB) is warning of an uptick in political fundraising scams seeking to collect donations allegedly going toward a candidate’s campaign or specific cause.

The Pending Package Scam

Scammers are using bogus packages to trick victims into sharing personal information.

The Importance of Being Financially Fit

Being financially fit is crucial for a well-balanced, stress-free life.

Beware of Jury Duty Scams

Jury duty is a responsibility that enables courts to serve justice in a fair and efficient way. Unfortunately, it is often used as a cover for scams.

What's the Best Way to Use a Home Equity Loan?

A home equity loan can be an ideal way to source extra funds during a falling-rates environment.

When Does it Make Sense to Pay a Bill with a Credit Card?

Credit cards and debit cards offer incredible convenience; but, is it a smart idea to pay monthly bills with them?

Selling Your Home During COVID-19

National home sales climbed a record 20.7 percent in June, compared with home sales from June 2019.

Using Your Credit Cards Responsibly

Boost your credit score and financial wellbeing. 

Back-to-School Tuition Scams

Back-to-school season means a flurry of shopping — and scams.

How to Travel Safely this Summer

Summer is here, and many Americans are itching for a vacation.

How to Create and Keep Strong Passwords

When it feels like there’s another big security breach every week, you want to be sure your passwords are strong and safe.

New COVID-19 Scams

Watch out for these trending scams as the country reopens.

What's the Best Way to Tackle Debt?

Snowball Method vs. Avalanche Method

Preparing for an Interview

Here’s how to prepare for an interview that will have you presenting yourself as polished, professional and capable to any potential employer.

USF FCU Wins State’s Top Award for Performance

The credit union was honored this week with Florida’s top award for the way it conducts business.

Beware of Relay Theft

This user-friendly feature is also a favorite for car thieves.

Don’t Toss That Junk Mail — It Might be Your Stimulus Payment

Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail.

Beware Unemployment Scams

As the economy reels from the impact of COVID-19, a record number of Americans have filed for unemployment insurance.

Getting Ahead on Your Student Loan Before You Graduate

Be sure to look at the larger picture before you accept a position.

USF FCU Processes $15 Million in Paycheck Protection Loans

Helping 2,400+ employees of small businesses in the Tampa Bay area.

How to Safely and Comfortably Wear a Face Covering

Here's how to comfortably wear your face coverings without compromising on safety.

How Should I Spend My Stimulus Check?

The $1,200 granted to most middle class adults is a welcome relief during these financially trying times.

Spring Cleaning Hacks

Use these cleaning hacks to help banish those dust bunnies without spending a fortune on cleaning solutions and organizers. 

How to Care for Your Car During a Lockdown

While staying home is the best way to stay safe these days, it might not be the best thing for your car.

Beware COVID-19 Cure Scams

The FBI is warning of a surge in COVID-19 cure-related scams, in which criminals peddle an alleged coronavirus vaccine or treatment, or bogus claims to disinfect homes of the virus.

How to Work from Home

If you find yourself struggling to complete your workload from home during the outbreak, we can help!

Fun Activities to do with Your Kids at Home

It isn't easy to be holed up at home with only your family for company.

Beware of Coronavirus Scams

Scammers often capitalize on fear, and the coronavirus outbreak is no exception.

What Should Be on My Financial To-Do List This Spring?

Let's review some ways you can improve your money management this time of year.

Tips to Help You Protect Yourself from Fraud

Here at our credit union, we take the security of your account extremely seriously.

All You Need to Know About Going Cashless

As our world grows increasingly digitized, many consumers are banishing cash from their wallets and choosing other ways to pay.

How to Create a Budget in 6 Easy Steps

A budget will help you gain financial awareness, which will help facilitate more responsible decisions.

All You Need to Know About Data Breaches

What should you do if your info is taken?

How To Dispute An Error On Your Credit Report

As a financially responsible individual, you should be checking your credit on a regular basis.

Improve Your Finances in 2022

Where should you start?

7 Naughty Scams To Watch Out For This Holiday Season

Keep your money safe by reading up on the most common scams taking place this time of year and practicing caution.

Take Caution Before You Borrow Someone’s Charging Cable

Cyber security experts are warning against using a stranger’s charging cable or even borrowing one from an airport official or front-desk concierge at a hotel.

Thanksgiving Hacks To Save Time, Stress And Money

Whether you’re traveling home for the holiday or hosting a houseful of guests, we’ve got you covered.

5 Ways To Keep Your Finances Intact This Holiday Season

You don’t have to rack up a huge credit card bill or go into debt to cover your holiday expenses. Enjoy a financially stress-free season with these tips.

Can I Buy A House When I’m Paying Off A Student Loan?

There are several factors to consider before making this choice, as well as steps to take before you start house-hunting.

Understanding The Credit Card Trap

Why do most Americans carry so much credit card debt and find themselves stuck in the debt trap?

Do My Monthly Bill Payments Affect My Credit Score?

Read on for three steps that can help your on-time monthly payments boost your credit score.

How Much Money Should I Keep In My Checking Account?

How much money should we be keeping in these super-convenient accounts? Let's find out.

Your Complete Guide To Identity Theft Protection

When an individual's identity is stolen, the thief also impacts the victim's financial health, recovery from which can take years.

11 Ways To Save On Back To School Shopping

You don’t need to spend yourself into debt just because everyone else seems to be doing it.

The Ultimate Smart Shoppers Cheat Sheet

Did you know you should be timing your shopping throughout the week?

4 Vacation Scams To Watch For

Before heading on your dream vacation, read our list of four common vacation scams and learn how to avoid them.

7 Ways You Can Use a Personal Loan This Summer

We have outlined several ways to help you responsibly use a personal loan this summer.

12 Things To Do Before Your Summer Getaway

Heading out of town for vacation? Whatever your plans, here’s a list of things to take care of before you leave. 

7 Money Myths You Need To Stop Believing Now

We all grow up hearing the same financial advice: Spend less, save more and invest early. While most of these words of wisdom ring true, there are lots of widespread money management tips that are actually false.

6 Ways To Save on Summer Vacation

How do you save big while getting the most out of your summer vacation?

9 Steps To Buying Your First Car

The process can be daunting, but we'll walk you through it.

What To Buy And What To Skip On Memorial Day

You might be surprised at the things you should and shouldn’t buy this time of year.

Don't Get Caught in a Pyramid Scheme

Let’s look at what constitutes a pyramid scheme and how to avoid falling for one.

Mortgage Rates are Dropping; Should I Refinance?

Q: I’ve heard that mortgage rates have dropped dramatically since the start of 2019. Should I refinance my mortgage loan to take advantage of these lower rates?

Beware Tech Support Scams

The FTC is warning of a surge in tech support scams, many of which can be difficult to spot.

7 Signs You're Living Beyond Your Means And How To Fix Them

Let’s take a look at seven red flags that might mean you’re living beyond your means and the steps you can take to get back on track. 

Fake Check Scams On The Rise

The Better Business Bureau (BBB) released a report warning about a spike in fake check scams across the country. 

8 Valentine's Day Hacks

Celebrate the significant other in your life without breaking the budget…by using these hacks!

Tax Code Changes 2019

The annual tax code changes can be confusing. We’ll walk you through everything you need to know for 2019.  

USF FCU Offers $205,000 in Scholarships for USF Students

USF FCU is establishing new scholarships and expanding existing ones for a total of $205,000 that will support USF students studying many disciplines.

7 Reasons Not To Skip a Home Inspection

A professional home inspection can save you a ton of aggravation and thousands of dollars in the long run. 

Do I Need an Emergency Fund and a Rainy Day Fund?

Rainy day funds and emergency funds serve different purposes, so it’s important to have both available to tap into as needed.

5 Scams To Watch For After The Holidays

The mad holiday rush may be over, but scammers aren’t slowing down.

10 Hacks You Need To Know Before Hitting The Mall

Is there a way to spend less at the mall this holiday season and to make the experience more pleasant? 

10 Restaurant Hacks

Dining out with family and friends is a wonderful experience, but it can take a huge bite out of your budget.

5 Scams to Avoid This Black Friday

Black Friday and Cyber Monday can be fun – but they can also put you at risk. 

7 Halloween Hacks You Don't Want To Miss

Halloween is coming – and so are the scary costs of joining the fun!

Beware of Blackmailing Scams!

Blackmail and extortion are some of the oldest tricks in the book — because they work.

How Many Credit Cards Should I Own?

Is several credit cards and more available credit a good idea? Or, are too many cards a liability to your score? 

Should I Be Concerned About Rising Mortgage Rates?

On June 13, the Federal Funds Target rate was increased for the second time in 2018. What does this mean for you? If you’re a homeowner, should you be taking any action now? 

Don't Get Caught in a Free Trial Scam!

You know what they say: “If it’s too good to be true, it probably isn’t.” And yet, dozens of people fall for scams that promise them the moon — and they don’t realize they’ve been played until it’s too late.

What Can I Do About Robocalls?

Are you sick of grabbing your ringing phone only to find a robocaller on the other end? Those automatic calls are enough to make anyone go bonkers. Read on for the inside scoop on robocalls and what you can do about them.

7 Questions to ask Yourself Before Making a Large Purchase

You’re convinced: You really want that Coach handbag. Or maybe you just know that gigantic entertainment center will transform your weekends. So you swipe your card and the dream item becomes yours. You’re thrilled! 

Smishing Scams

Text messaging has come under attack as one of the most vulnerable mediums for identity theft and more. Here’s what you need to know about an SMS message-based scam called “smishing.” 

Debit Card Safety

How do you pay for your purchases? It may be instinct for you to pull out any piece of plastic without thinking, but your random card of choice might not be the safest way to pay. 

Don't Drink Your Wallet Dry!

You probably already know water is the best beverage choice for your health and for your money. But did you know bottled water may be costing you a fortune? 

6 Ways To Turn Your Dream Vacation Into a Reality

Everyone has their own version of a dream vacation. But, for most of us, it never becomes a reality. Read on for six ways to make that dream vacation come true.

Saving on Mother's Day

Here’s some low-cost ways to show Mom how much you care.

Beware of Social Media Scams!

Over the last few years, social media scams have exploded, with fake Twitter and Facebook profiles increasing by 100% in just one year. That also means there are several types of social media scams, most which involve a phishing scheme component.

How to Fund an Emergency

Q: I’ve had a financial emergency and I don’t know how to pay for it! What are my options? 

A: Ideally, you’ll want to have an emergency fund in place. If you don’t, consider these options… 

7 Ways To Spring Clean For Extra Cash

When that first delightful spring breeze starts blowing, you know it’s time to get your house in shape. But there’s more than just a neat house awaiting the end of all that hard work. With just a few steps, you can put some extra cash in your wallet. 

Rising Interest Rates

Interest rates have been steadily increasing over the last year. So, if you’re thinking of taking out a large loan in the near future, you might be waiting until those rates start going down again. 

Here’s why that might not be the best idea. 

How To Use The Money Envelope System

If you’re like many of us, you’ve been trying to stick to a budget for a while, but by the time each month is over, you’ve busted your budget – again.

6 Common Tax Mistakes To Avoid

It’s that time of year again! Get ready to break out the calculator and pencils; dig out the enormous pile of receipts, tax forms and pay stubs, and get to work.

How to Shop Smarter at the Grocery Store

These tips will help you save big the next time you go grocery shopping!

Phone Cloning and Digital Self Defense

Did you know it’s possible to clone a phone? It involves copying the identity of one phone to another. In fact, in today’s digital world, when we use them for everything from ordering an Uber to paying for purchases, mobile phones can be a major source of security breaches. And as frightening as it sounds, the only thing a hacker needs to launch a major attack is your phone number.

10 Tax Scams to Avoid

The IRS often warns consumers about tax scams this time of year. While it's important to be vigilant as you work with your tax preparer or do your own yearly tax filing, watch out for many of these scams that happen year-round. If you come across any of these, consider it a red flag.

The Dos And Don'ts Of Credit Repair

Looking for ways to improve an unfavorable credit score? Look no further! Our handy guide will help you get on the road to improving your score.

Updates On The Equifax Breach

It’s been several weeks since the massive Equifax data breach became public knowledge. While there are still more questions than answers, lots of factors have been clarified. 

Beware Of Phishing Scams!

There has been a recent upsurge in phishing scams involving credit union brands.  In all phishing scams, the scammer poses as a legitimate business or service provider where the victim may have familiarity. In this case, they claim to represent your credit union.

Creative Ways To Save On Energy Costs

We’ve all heard it before: Close the vents in rooms you don’t use, regularly replace your AC filters and vacuum the coils on your fridge. But what if you’re following all the conventional energy-saving tips and your summertime electricity bill is still astronomical?