External Site

You are leaving Member One's website. The credit union is not responsible for the content of any other website. The privacy and security standards of other sites may differ from those practiced by the credit union. You should review the privacy and security policy of any site before providing any information.

Proceed Cancel
Attention Members: Be aware scammers may contact you by text, phone call, or email pretending to be Member One. They may use phone numbers or addresses that look like ours. They might ask for account details, passwords, codes, or request you click suspicious links. NEVER share this personal information when contacted unexpectedly or feel pressured to click a suspicious link.
Finances April 10, 2023

Five Key Components of Financial Literacy

Share

According to the Financial Literacy and Education Commission, if you have these concepts down, you’re on your way to good financial health.

1. Earning – In order to be financially stable, you’ll need a source of income.

2. Spending – You should actively spend so you’re meeting all your needs, allowing for wants, and setting some aside for savings.

3. Saving - Speaking of savings, it’s important to build up some financial reserves for the future.

4. Borrowing - You should fully understand all the ins and outs of any loans you need.

5. Protecting - Those who do well with money, know how to safeguard their money.

The more you master these five key concepts, the healthier your financial life will be!

For more information about the basics of managing money, take a look at our FREE online courses about building financial capability in our online Financial Education Center.

You May Also Like

Member One White Logo Dark Purple Background 16x9
Company News
Member One Response to Recent Bank Failures

We want to take this opportunity to assure you of the safety and soundness of your accounts with us here at Member One Federal Credit Union.
Credit Score Blog 978b8d064138018a1dfad71b9882dd21
Finances
Credit Scoring: Everything You Should Know to Manage and Improve Your Score

We’re here to help you understand the basics of credit reports, credit scores, and the financial factors influencing your credit outlook so you can take charge of your lending fate.
Adobe Stock 295308879
Finances
Credit Unions 101: Membership, Security, and Community Impact

Learn everything you need to know about credit unions as we bust some common misconceptions.
View More