April's Basecamp Newsletter
Welcome to Basecamp, the monthly newsletter from P1FCU! Each month, we'll bring you free tips and strategies to improve your financial well-being and insight into all the resources you have access to as a P1FCU member. As we celebrate Financial Literacy Month, we're diving into what goals to set to have all your bases covered for your financial well-being.
Sometimes, life can feel like it's passing us by so quickly that it's easy to get caught up in the present that we forget to plan for the future. While we're all for living in and enjoying the present, doing a little bit of planning for your future self will make a big difference for you down the road.
Furthermore, meeting some of these goals, like building emergency savings and paying off high-interest debt, will save you down the line. If you have an unexpected expense, instead of putting that on a high-interest credit card, that is what your emergency savings are for. Furthermore, once you pay off your high-interest debt, you won't have as expensive monthly payments, and you won't be paying as much in interest.
These are all some great, practical goals to set for yourself, especially if you feel like you don't have much direction for your finances at the moment. That said, if you feel like these goals don't align with your life, by all means, set goals that meet your needs! Your finances are personal to you, and there is no one-size-fits-all solution. Becoming familiar with your finances and what does and does not work for you is the most powerful thing you can do to become an active agent for success in your financial journey.
Sammy's Experience with P1FCU Business Services
Sammy owns two grocery stores in Clarkston, Washington. Click below to hear him share how P1FCU Business services has helped him grow his business.
Add your P1FCU Mastercard to your Mobile Wallet
Mobile Wallet transactions are a secure and convenient way to make purchases online and at contactless terminals. Mobile wallets do not store your card information, but use encryption and tokenization for secure transactions.
Gift Card Scams
Gift cards are a double-edged sword. They can be a convenient gift to give to a loved one, but unfortunately, they are also fraudsters' favorite way to get money from their victims.
Furthermore, fraudsters have been able to now "drain" gift cards before you even check out. You aren't able to tell if the card has been drained before the card is purchased, and scammers are able to use the funds once the card is activated.
So, what are some ways to safely gift gift cards?
- Send an eGiftcard to your loved one
- Purchase a Visa gift card directly from your financial institution, where gift cards are kept behind the counter
- Remember, your loved ones will not urgently need a gift card in the event of an emergency
- Secret Shop programs do not ask you to buy gift cards