Get more financial certainty and security today with these 3 tips
During economically challenging times such as high rates of inflation and uncertain markets, reflecting on where you are financially can help you make needed improvements and feel more confident for the days ahead. Here are some tips to ensure you’re financially healthy:
Protect your savings
High rates of inflation continue to drive up the cost of essentials like gas and food but could also be eating away at your savings.
Consider investing in more certain investment products, such as certificates, which offer fixed rates and terms.
Kinecta’s certificates are great options and help your savings to be well-protected in this uncertain market.
Learn more about Kinecta's certificate options.
Create and stick to your budget
Inflation tends to be temporary so it’s best to create a long-term plan so you can outpace it.
Spending less than you earn, managing your budget, and delaying big purchases can all help you hedge against inflation.
To better track how you’re doing, consider downloading the highly rated Kinecta mobile app for an easy, secure way to:
Prepare for rising interest rates
As the Federal Reserve continues to raise interest rates, you may notice some of your monthly bills increasing as well if you carry a balance on a credit card or have a variable rate mortgage.
One way to prepare for raising rates is to transfer your higher interest credit card balance to a lower interest option.
Credit unions like Kinecta typically charge lower rates on credit cards and Kinecta’s MyPower Credit Card also offers zero fees, making it hard for most banks to match.
Learn more about Kinecta’s credit card options.
Protect your savings
High rates of inflation continue to drive up the cost of essentials like gas and food but could also be eating away at your savings.
Consider investing in more certain investment products, such as certificates, which offer fixed rates and terms.
Kinecta’s certificates are great options and help your savings to be well-protected in this uncertain market.
Learn more about Kinecta's certificate options.
Create and stick to your budget
Inflation tends to be temporary so it’s best to create a long-term plan so you can outpace it.
Spending less than you earn, managing your budget, and delaying big purchases can all help you hedge against inflation.
To better track how you’re doing, consider downloading the highly rated Kinecta mobile app for an easy, secure way to:
- Check account balances and transactions,
- Make remote deposits and bill payments,
- Transfer funds between Kinecta accounts,
- Or apply for a credit card, personal or auto loan.
Prepare for rising interest rates
As the Federal Reserve continues to raise interest rates, you may notice some of your monthly bills increasing as well if you carry a balance on a credit card or have a variable rate mortgage.
One way to prepare for raising rates is to transfer your higher interest credit card balance to a lower interest option.
Credit unions like Kinecta typically charge lower rates on credit cards and Kinecta’s MyPower Credit Card also offers zero fees, making it hard for most banks to match.
Learn more about Kinecta’s credit card options.