Category: Money Matters

Expect the Unexpected: 5 Reasons You Need an Emergency Fund

No matter how well you plan ahead or how careful you are, life happens. No one can control everything, and one day you may find yourself navigating an emergency that you—and your budget—are unprepared for. In fact, a recent finding indicates that 40 percent of Americans are not financially capable of covering a $400 emergency… Read more

Suffolk Federal Offers Tips for Teen Money Management

Habits formed during adolescence often carry over into adulthood and positive money management skills should be no different. Suffolk Federal is sharing ways parents can lead teens on the right path to personal financial responsibility. Save: Once children start receiving a steady allowance or cash from birthdays or other special occasions, they should be encouraged… Read more

How Many Credit Cards Are Too Many?

The average American has two to three active credit cards at any given time. But some credit card users are far from “average”: From the seasoned pro who has one for miles, one for points, and one for every major retailer they frequent to the credit card avoider who has one for emergencies only that… Read more

A First-Time Homebuyer’s Guide to Mortgages

You’ve made one of the biggest decisions of your life and decided it’s time to buy your first home. Not sure where to start? Take our first-time homebuyer quiz: It will help you understand how much home you can afford, how your credit score affects your rate, how much your down payment should be—and more.… Read more

5 Tips for Buying a Car the Whole Family Can Enjoy

Whether you’re a first-time parent or a seasoned PTA member, it’s important that you have wheels that can handle your and your family’s specific needs. We’ve come a long way since the days of piling into a “mom minivan.” While you don’t have to choose between style and function anymore, there are key things every… Read more

Benefits of Community Banking through a Credit Union

Walking into a credit union such as Suffolk Federal is like walking into a place where everyone knows your name. As a staple for over 50 years in the local communities where it does business, the non-profit financial institution continues its dedication to providing better banking opportunities for local residents. It is no wonder that… Read more

Your Used Car: Should You Sell or Should You Trade It?

Have you decided it’s time to upgrade your ride but need to beef up your new car fund? Selling your current car is a great way to get the extra cash to help you get your dream car. Simple, right? Not so fast. First you need to determine whether it’s better to sell it yourself… Read more

What Can Mobile Banking Do for You?

Maybe the better question is what can’t it do for you? Mobile banking isn’t new to the financial game. In fact, it’s the third most popular app among Americans, barely trailing weather apps and bested significantly only by social media. Yet some still aren’t using their mobile banking app at all, or to its fullest… Read more

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