Tax season can stir up a mix of emotions: excitement when a refund shows up or stress if you owe money. The good news? With a little preparation and smart planning, you can use this time to strengthen your financial foundation and make choices that benefit you throughout the year. Whether you are a seasoned
As the cost of college and higher education continues to rise, DoverPhila Federal Credit Union is here to help you navigate your financial journey with confidence. Whether you’re a student heading to college for the first time or a parent supporting a loved one, we provide tools, resources, and guidance to help you make smart
As elder fraud continues to rise, protecting you or your loved one’s money and personal information has never been more important. Scammers often see older Americans as easy targets, relying on tactics that exploit trust, fear, and unfamiliarity with modern digital threats. At DoverPhila Federal Credit Union (DPFCU), we’re committed to helping our members stay
You should diversify your savings portfolio just like your investments. Financial experts recommend giving your savings as much chance as growth as possible. Here’s a look at a great choice for diversifying your savings: a certificate account. What is a certificate account?A certificate account is an insured savings account with a fixed dividend rate and
With summer winding down and autumn creeping in, are you ready for some fantasy football? Fantasy football is so much more than an addictive hobby! Fantasy football can teach you financial lessons for life. Do Your ResearchKnowing which NFL players to “draft” to your team on your league’s draft day is crucial. If you
As outside temperatures fall, indoor temps and heating costs go up! And this winter may come at a higher cost. In fact, while fueling up at the gas station, you’ve seen the impact of our 6.8% inflation rate first-hand. U.S. households on natural gas heat are expected to pay 25% more than last year. Homeowners
Spend less, save more, pay down debt — how can you make 2022 the year you actually stick to these and other financial resolutions? To help answer that, we’ve compiled a list of tips. Set Measurable Goals Don’t just resolve to be better with money this year. Set realistic, measurable goals to help you stay
As 2021 draws to a close, take a moment to go through this year-end financial checklist to ensure your finances are in order before the start of the New Year. REVIEW YOUR BUDGET Is your current monthly budget working for you? Are you stretching some spending categories or finishing each month in the red? Take
The holidays are coming and it’s time to hit the shops! Unfortunately, suppliers are cautioning us to expect supply shortages, shipping delays, and higher price tags. Here’s what to expect during this holiday shopping season. Supply Shortages Seen any empty store shelves recently? Suppliers are struggling to stay ahead of shopper demands while catching up
If you’re ready to save but you don’t know where to begin, DoverPhila Federal Credit Union can help. Step 1: Set a goal What’s your secret (or not-so-secret) financial dream? Do you want to open your own business? Explore the Australian Outback? Buy a boat? What are your long-term financial goals? Do you want to
Congratulations! You’re expecting a baby and you’re breathless with excitement — and nerves. A baby means big changes, and a part of those changes is lots of new expenses. How will you pay for it all? We’ve got the tips you need to prepare financially for a new baby. Pay down debtDon’t let your debt
What makes us overspend? Let’s look at five common reasons and how we can overcome them. 1. To keep up with the JonesesWhen people who seem to be in the same financial bracket as us can afford another pair of designer shoes for each outfit, we should be able to afford them, too, right? Break
IDENTITY THEFTThroughout the COVID-19 pandemic, scammers have been stealing personal information from individuals and then filing and claiming unemployment benefits in that individual’s name. Victims of these unemployment scams are often just now learning about this identity theft, as unemployment agencies are sending tax forms (1099-G) for income tax filing. If you received a 1099-G
Trends and stats in real estate are constantly changing, especially during the unstable economy of COVID-19. Here’s what you need about the real estate market today. Is it a buyer’s market now? Pickings are slim for homebuyers right now, giving sellers the upper hand and driving up prices for buyers. Low supply also means homes are
WHAT TO DO WITH YOUR FIRST PAYCHECK As part of the changes you’re gearing up for in the months after you graduate, you’re poised to enter the working world as a long-term employee, perhaps for the first time in your life. As you prepare for this transition, you might have dollar signs dancing in your
The holidays will look different this year because of the COVID-19 pandemic, which is why most people will try harder to make the season brighter. But you don’t have to dip into the kids’ college savings to create a special time! The most important thing to remember is a plan with a set spending amount
ECONOMIC IMPACT PAYMENT SCAMS – TEXTScammers are texting taxpayers and trying to trick them into disclosing bank account information or other personal identifying information under the guise of receiving an Economic Impact Payment. The scam text message states: “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept
It’s supposed to be the most wonderful time of the year; but for many, the holidays can be an expensive time. From gifts to decorations to wrapping paper to special events, it’s easy to overspend and possibly even go into debt paying for all the extras. In 2019, Forbes reported on a Gallop poll showing
Don’t be the next victim of a debt-collection scam! Here’s all you need to know about these scams: HOW THE SCAMS PLAY OUT In a debt-collection scam, a caller claiming to represent a debt-collection agency demands immediate payment for an alleged outstanding debt. The caller insists on specific means of payment and may threaten to
Everyone loves a surprise package, and scammers are taking the excitement out of that experience by using bogus packages as a cover for a nefarious scam that tricks victims into sharing personal information. Here’s all you need to know about the pending package scam: How the scam plays outIn the pending package scam, the victim
