100 episodes

Triangle Credit Union's Making Money Personal talks about the impact that money has on your personal and professional life. Join us for fun, relevant financial topics that provide you with resources to help you make financial decisions. Our podcast examines trends and topics with support from industry professionals.

Making Money Personal Triangle Credit Union

    • Education
    • 5.0 • 15 Ratings

Triangle Credit Union's Making Money Personal talks about the impact that money has on your personal and professional life. Join us for fun, relevant financial topics that provide you with resources to help you make financial decisions. Our podcast examines trends and topics with support from industry professionals.

    Five Savings Challenges To Try This Year - Money Tip Tuesday

    Five Savings Challenges To Try This Year - Money Tip Tuesday

    Ready to up your savings game this year? If you need a little motivation and a fun way to create a new saving habit, you should try a savings challenge.  
    Links:
    Download our free printable tracking sheets to keep track of your progress
    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Contact us at tcupodcast@trianglecu.org
    Transcript: 
    Welcome to Money Tip Tuesday from the Making Money Personal podcast.   
    Saving money can be extremely difficult, especially if it’s not something you’ve really committed to before. There are many questions that come along with saving money like “how much do I need to save?” or “how do I make saving money more manageable?” 
    A new year is a great time to take a look at your financial situation and make appropriate changes if necessary. 
    If you’re ready to start the new year off on the right foot, we have 5 savings challenges (with trackers) that you should try in 2023! 
    $5 Savings Challenge 
    This challenge is probably the easiest challenge of all. There is no expected completion date, no required weekly or monthly contribution and essentially, minimal rules.   
    The purpose of this challenge is to save $500 dollars by breaking it up into more manageable $5 increments.   
    That doesn’t mean that you can only save $5 at a time. If you have an extra $15 that you want to put towards this goal, go for it! Did you sell something on Facebook Marketplace for $30 and you want to save that cash? This is the perfect place for it!   
    This can be a cash savings or a digital savings—that choice is up to you and whatever type of saving works better for your lifestyle–whichever you choose, make sure you’re tracking the deposits!   
    52 Week Savings Challenge 
    The 52 Week Savings Challenge gives you the opportunity to save $1,378 throughout the year by depositing a different amount every week!  
    The premise of this challenge is to deposit money every week for 52 weeks, upping the amount each time starting with depositing $1 and ending with depositing $52.   
    It should look something like this:   
    Week 1- Deposit $1  
    Week 2- Deposit $2  
    Week 3- Deposit $3  
    By the end of the first month, you will have $10 saved up!  
    Doing small deposits at the beginning will help you build up your savings slowly while creating a good habit with repetition.   
    Some people who do this savings challenge choose to complete it in reverse. This means they start by saving $52, then $51, then $50 and so on and so forth which knocks out the bigger numbers first. By the end of the year, they only need to save the smaller, one-digit numbers.   
    365 Nickel Savings Challenge 
    The 365 Nickel Savings Challenge is a great savings challenge for beginners. Instead of worrying about big monetary values to set aside for this savings challenge, this challenge focuses on nickels.   
    The idea is to make small, daily deposits which is more manageable for many people. Similar to the 52 week savings challenge where you increase the amount deposited by $1 every week, the amount you deposit in this challenge increases by $0.05 each day.  
    Here’s how it works:   
    Day 1- Deposit $0.05  
    Day 2- Deposit $0.10  
    Day 3- Deposit $0.15  
    Continuing that trend, halfway through the year you will be depositing $9.10. On the last day you will deposit $18.25. Those numbers seem so small in comparison to other savings challenges mentioned.  
    By the end of the challenge, you will have saved over $3,300 and it won’t even seem like you did anything at all!  
    If you download our tracker, you will need to print out 2 copies to fully complete this challenge. 
    100 Envelope Savings Challenge 
    The 100 Envelope Savings Challenge is a popular favorite! It’s fun to do and allows you to save different amounts each time you save.   
    Similar to the $5 savings challenge, there is no pre-determined end date for this challenge meaning you don’t

    • 6 min
    Episode 53: New Habits for a Radiant New You - Barbara Hatfield, Life Coach

    Episode 53: New Habits for a Radiant New You - Barbara Hatfield, Life Coach

    It's a new year and time for a new you. If you're planning to set personal resolutions that lasts longer than two weeks this year, you've come to the right place.
    In this episode we're talking with Barbara Hatfield life coach about the benefits and challenges that come with setting new year's resolutions. 
    Links: 
    Follow Barbara on LinkedIn
    Barb Hatfield Life Coaching on Facebook
    Books mentioned in the episode:
    The Gap and The Gain - Dan Sullivan
    Atomic Habits - James Clear
    The War of Art - Steven Pressfield
    Think and Grow Rich - Napoleon Hill
    The Secret - Rhonda Byrne

    Learn more about the Pomodoro Technique
    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Contact us at tcupodcast@trianglecu.org
    Like what you heard? Go ahead and share on your social media! Visit trianglecu.org to learn more about how we can serve you and don't forget to follow us on Facebook and Twitter!
     

    • 44 min
    Start Fresh: Get Out of Debt - Money Tip Tuesday

    Start Fresh: Get Out of Debt - Money Tip Tuesday

    January is a great month for a fresh start. It’s the beginning of a new year and we’re often optimistic and energized to start making positive changes for our lives.
    If you’re tired of the debt buildup you’ve been accruing over the months and even years, make one of your resolutions to get out of debt.  
    Links: 
    Watch our Budgeting 101 webinar with step by step instructions on how to budget
    A personal loan can be a great debt consolidation tool
    Watch our Financial Freedom: Your Path to Debt Free Living webinar 
    Check out these additional money tips on tools to help organize your finances:
    Wil's Top 4 Money Apps
    Creating a Debt Payoff Strategy
    Popular Financial Books for Your Reading List

    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Transcript: 
    Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
    New year resolutions are hard. They aren’t typically complicated, things like drink more water, exercise more, eat better, are all simple in nature, but a little more difficult to complete.  
    When it comes to making financial resolutions, the same concepts apply. Decisions to save more, spend less or get out debt don’t sound too hard, but are fraught with complex actions that if not set up properly, will likely end in failure.  
    If decreasing your debt is a resolution this year, you must set some things up right to give yourself the best chance of success.  
    When you think about achieving your debt reduction resolution, most of it comes down to proper planning. You need to create a strategy and stick with it. Just saying “I want to pay off my debt” isn’t enough to carry you through to completion. You need to pick a debt payoff method and develop a realistic plan that’s effective enough to help you meet your goal.  
    There’s a lot of debt advice out there and most of what you read, watch or listen to will present these three effective strategies to pay down debt.  
    The first is to plan to pay more than the minimum payments. You’re going to have to budget for this one if you’re serious about getting out of debt. Find a way to either bring in more money, or free up cash by cutting spending elsewhere to use as extra payments towards your debts. Some people try to make extra payments once a month, quarter or year, depending on their budget and the type of debt they have. One of my friends has been making extra payments on her home every quarter since she had her mortgage and is now set to pay off her house five years earlier than expected because of it. Imagine doing that with your own mortgage or credit cards.  
    The second is to use the snowball method. If you have multiple debts, you’ll want to systematically pay off your lowest debt first, and then, once it’s paid off, use the available cash to put towards the next debt, and so on. You’ll do this until all debts are eliminated.  
    For example, say you have three credit cards with balances of $5,000, $2,000 and $800. While you continue to pay your minimum payments on all of them, focus on paying off the $800 bill first. After it’s paid, take the money you were putting toward that payment and put towards the next debt, in this case the $2,000. Once the $2,000 is paid off, then put the money from those payments towards the $5,000. This method has been shown to be one of the most effective and faster ways of paying off debt.  
    The third is to consolidate. Having a variety of different debts can be confusing. It can be hard to keep track of all the different due dates and payments for each bill. Consolidation can help you in a couple of different ways. It will simplify the number of bills you receive and can often score you a lower interest rate. If you have many different bills, try consolidating some or all of them into a plan that makes it easier for you to pay and has the potential to save you money in the long run. Contact your financial institution or browse

    • 5 min
    Protect Yourself at the Pump - Money Tip Tuesday

    Protect Yourself at the Pump - Money Tip Tuesday

    If the price of gas frustrates you, some scammer trying to access your card information while you are gassing up might push you over the edge. In this tip you'll learn how you can protect yourself at the pump. 
    Links: 
    Learn more about Triangle's contactless debit cards
    Learn how to manage your cards and create alerts within mobile banking 
    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Transcript:
    Welcome to Money Tip Tuesday from the Making money Personal podcast. 
    More than ever, we are hearing about fraudulent activity at gas stations. Fraudsters use card skimming devices to gain access to your credit and debit card information at the pump and you might not even be aware of the threat. 
    According to fraud experts, the skimming device is attached to the pump to make it look like a piece of the gas pump payment terminal. After closer examination, you may notice that the reader is simply a piece of molded plastic that is attached to the card reader. Fraud experts encourage you to do a tug test on the device—if you can move the plastic, it’s probably a card skimmer and you should report it to the gas station attendant immediately. If you already used your card at the station, you should also notify your financial institution to minimize fraudulent activity on your card. 
    The good news is: there is new token technology for your protection, and many financial institutions, including Triangle Credit Union,  offer this technology through mobile wallet and contactless card payments that protect you wherever you shop (or gas up). While tokenization saves time and is convenient, the process eliminates the need to input your Personal Identification Number (PIN), which minimizes fraudulent activity. Instead of a PIN-based transaction, mobile wallets issue an encrypted series of randomized numbers and/or letters in place of your card information. This series of numbers and letters is called a token. Similarly, contactless cards produce a one-time cryptographic code/token that masks your card information for a safe and secure transaction. These tokens are one-time use only, so if card or transaction data is fraudulently stolen from a payment terminal, your card information isn’t included, and the token cannot be reused. 
    In addition to the technical side of the security these features offer, mobile wallet will also protect you from the issues that come from losing or dropping your card. When you use mobile wallet to make a payment at the pump or at the register, your purchase is authenticated through a series of confirmations: first, your ownership of the device is authenticated through biometrics, then your intent to pay is authenticated by clicking or tapping on your device. So, the security of your device creates an additional layer of fraud prevention for unauthorized payments if you lose your mobile phone. 
    Triangle Credit Union’s mobile app also has integrated card controls so you can turn your debit and credit cards on or off with the toggle of a button. Keep your cards off when you’re not using them and turn them on to make a purchase. This will help protect your cards from unauthorized payments, anywhere at any time. 
    Add your Triangle credit or debit card to your mobile wallet today. Visit trianglecu.org to learn more about Mobile Wallet. 
    If you are member of Triangle Credit Union and would like to request a contactless debit card, please make an appointment through the concierge service at trianglecu.org and you can schedule a time to pick up your card at your convenient branch location. 
    If you have any comments or ideas for additional tips, please email us at tcupodcast@TriangleCU.org. Be sure to follow the Making Money Personal podcast page on Facebook and IG for more great content. 
    Thank you to our sponsor, Triangle Credit Union, and to you for tuning in!  
    Have a great day everyone! 

    • 3 min
    Start Fresh: How to Save Money in the New Year - Money Tip Tuesday

    Start Fresh: How to Save Money in the New Year - Money Tip Tuesday

    It’s the New Year, which means you’ve probably made a few New Year’s resolutions. Is saving money one of them? Along with exercising more and spending more time with family and friends, saving money is near the top of New Year’s resolutions list in the U.S.
    Unfortunately, only 9 to 12 percent of people keep their New Year’s resolutions, which is not great especially when it comes to something as important as saving money. Here are some tips to help you save money and keep your resolution. 
    Links:
    Listen to our money tip on doing your own Personal Money Review
    Watch our Budgeting 101 webinar on YouTube
    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Transcript:
    Welcome to Money Tip Tuesday from the Making Money Personal podcast. 
    The first thing you’re going to want to do is a financial review of your money and spending. If you’re not sure how to do that, we did a recent money tip episode on it which you’ll want to check out. Once you have finished your financial review, you will have a good idea of what you need to plan for in the future.  
    After your financial review, a good place to start saving is to create a budget. You can record your expenses so you know how much you spend on bills, food, entertainment, and other purchases. Focus on what you actually need to spend money on and decide if you really need to buy miscellaneous items. If you want to learn more about setting up a budget watch our Budgeting 101 webinar on Triangle’s YouTube channel. 
    Cutting down on extra expenses is a great way to save money. Sure, eating out is nice, but it can get expensive and it’s much cheaper to make your own food. Over the course of a year, this could save you hundreds or even thousands of dollars.  
    You can also cut down on the amount of money you spend on subscription services. Are there any services you aren’t really using anymore? Unsubscribe from them and save that extra money. 
    Look for cheap or even free things you can do instead. You can go for a run in the park to honor your “exercise more” New Year’s resolution. Spend time with family and friends talking and playing games.  The more purchases you can find to cut, the more money you have in your wallet. Now you can put all this money you’re not spending into a savings account. 
    Set saving goals for yourself. How much would you like to have saved up one year from now? Take that number and divide it by how many paychecks you get a year. Put aside that amount of money after every paycheck and put it into your savings account. If you earn interest on your money in your savings account, that’s even better. The more money you put into savings, the more interest you’ll make. Triangle Credit Union offers a great online savings account that offers a competitive high yielding interest rate.  
    Another way to save money is to increase your 401(k) contributions. While you may not see this savings return immediately, you’ll thank yourself later. The more money you put in now, the sooner you’ll be able to retire.  
    With these money saving tips, hopefully you’ll be able to keep your New Year’s resolutions for the whole year! If these work for you, consider using them next year too! 
    If there are any other tips or topics you’d like us to cover, let us know at tcupodcast@trianglecu.org and don't forget to like and follow our Making Money Personal Facebook, Instagram, and Twitter pages and look for our sponsor, Triangle Credit Union on Instagram and LinkedIn to share your thoughts.  
    Thanks for listening to today’s Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast.  
    Have a great day! 
     
     
     

    • 3 min
    Start Your Year Right With A Personal Money Review - Money Tip Tuesday

    Start Your Year Right With A Personal Money Review - Money Tip Tuesday

    At the end of every year, and the beginning of a new one, we often feel an energy for new resolve. We look back and reflect on the things we accomplished and the things we hope to achieve in the new year.
    If there’s anything you should consider starting fresh in the new year, it’s a revised look at your money. And that can’t be achieved without completing a personal money review. 
    Links:
    Open a Triangle Better Checking Account with ID Protect and access to your credit score and report at idprotectme247.com
    Learn more about estate planning, insurance, investing and other financial planning services with Triangle Financial Group
    Follow our Facebook, Instagram and Twitter pages!
    Learn more about Triangle Credit Union
    Transcript:
    At the end of every year, and the beginning of a new one, we often feel an energy for new resolve. We look back and reflect on the things we accomplished and the things we hope to achieve in the new year. If there’s anything you should consider starting fresh in the new year, it’s a revised look at your money. And that can’t be achieved without completing a Personal Money Review.   
    Welcome to Money Tip Tuesday from the Making Money Personal podcast.  
    Sometimes looking back is the way to see forward. Albert Einstein is attributed to saying if you want to know the future, look at the past.  
    When it comes to the end of the year and the beginning of a new one, it’s good practice to look back in order to learn a few things about your behavior and decide what you want to change or keep the same in the new year. 
    This is pretty much the way we all make our resolutions. We reflect on the things we didn’t like and decide what we want to try to do differently. This can apply to pretty much any area of our lives, from habits to relationships and most of all our money. 
    If you’re looking for a way to change something important in your life, start with the way you view your finances. Do a personal money review. 
    The goal of a personal money review is to take account of your existing financial situation and determine where you think you’ll need to make changes to accomplish your new goals.  
    So, how do you do a personal money review? Fortunately, it’s not complicated and shouldn’t take a long time.  
    The first part of a personal money review is to review your income. 
    You want to take a look at where you made money over the year. This includes your income, bonuses, any dividends, money you made from side gigs, and even any notable gifts like any inheritance.  
    It may be challenging to collect all this information, but you can start with your latest paycheck and any quarterly statements for investment and bank accounts. Usually these are available to view at the beginning of January so you shouldn’t have to look too far to find them. 
    Then you add it all up to see how much money you brought in last year.  
    When reviewing your income, think about specific questions to ask like, Did you make as much as you wanted? Did you meet your savings goals? What are some specific ways to bring in some extra money this year?  
    Reviewing your income will give you an idea how much you can pull in in a year. If you have an income goal, use this as a gauge to discover how much more you need to bring in to meet that income goal. 
     
    The second part of your financial review is to look at your expenses. 
    Get a sense of what your expenses were throughout the year. If you’re a good budgeter, there shouldn’t be any surprises here, but if you’re new to budgeting this may take a little bit of digging.  
    Review the expenses you’ve incurred, especially the large ones. You may not be able to count all your expenses, unless you’re THAT organized, but take an account of what you can.  
    Have your credit card balances gone up? Maybe you’re beginning to charge too much on cards. Did your recurring expenses rise higher than expected? How much has food increased? Has your rent

    • 6 min

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