Everyday Money

The who, what, where, when, why, and how of the banking world. Read financial topics and helpful advice on the questions you’ve always wanted to ask.

Summer Fun Bucket List

Budget friendly Summer activities to do in Wisconsin Summer is finally here, and there’s no better time to make the most of the sunny days ahead without breaking the bank. Whether you’re looking to keep the kids entertained or enjoy some quality time with friends and family, we have you covered with this budget-friendly summer bucket list! 1. Have a Picnic Grab a blanket and pack some homemade sandwiches and snacks. Head to a local park or even your backyard

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What Is A One-Time Passcode (or verification code) And Why Would Someone Ask Me For It?

By: Alvaro Puig, Consumer Education Specialist, Federal Trade Commission When you log into your bank or credit card account, you might get a text message or email with a verification code. You then enter it at the login screen to confirm it’s really you. That’s a form of two-factor authentication that adds a layer of security to your account – and keeps would-be scammers and hackers out. Your account password and a verification code work together, like the lock on

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Bank Holidays: Understanding Their Impact on Deposits and Transactions

Federal Holidays allow not only for celebration but also for the employees of banks to enjoy valuable time with their loved ones. However, it’s important to recognize that these holidays can also influence certain financial operations. In this blog, we’ll explain how bank holidays impact direct deposits and other money-related tasks and how to plan around them so you can enjoy these stress-free holidays.   Currently, there are 11 bank holidays, which are designated by the Federal Reserve. The newest

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Ways To Spend Less This Halloween

Tips and Tricks to save on the costumes, candy and decor. Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. Whoa, that’s a spooky amount of money! Here are some ways to avoid this nightmare and save some money

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What is the Difference Between a Credit Card and a Debit Card?

Are you confused about the difference between a credit card and a debit card? Don’t worry; you’re not alone! While both types of cards are used to make purchases, there are some key differences between the two. In this blog, we’ll break down the similarities, differences and pros and cons between credit and debit cards to help you decide which one is right for you.First, let’s talk about how these cards work. A debit card is linked to your checking

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The portrait of an African-American man is on the street, he is walking and using a mobile phone on the go

What Is a Money Market? (And What Are Its Benefits)

FAQs: What is a money market?  What are the benefits of a money market? Let’s break down and answer these two questions in an easy-to-understand way! What is a money market? A money market account is a type of personal savings account offered by a bank that typically pays a higher interest rate than traditional savings accounts. It is a type of deposit account that allows you to earn interest on your balance while also having easy access to your

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What is a Checking Account and How Does It Work?

Are you curious about how checking accounts work? Well, you’re in the right place! Let’s dive in. Checking accounts have several features that can help you easily manage your finances. How is a checking account different from a savings account? A checking account is designed for everyday transactions, such as paying bills, making purchases with a debit card, and withdrawing cash from an ATM. These accounts typically have no limits on the number of transactions you can make and allow

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The portrait of an African-American man is on the street, he is walking and using a mobile phone on the go

What are ACH Payments and How Do They Work?

Have you ever received money in your bank account or paid your phone bill online? Chances are, you used ACH payments without even realizing it! But what exactly are ACH payments, and how do they work? In this blog, we’ll break down the basics! First, what is “ACH”? ACH stands for Automated Clearing House, which is a secure, electronic network used by banks and other financial institutions to process a variety of transactions. These transactions can include direct deposits, online

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8 Ways to Save Money on Gas

Gas prices have been high for months, and it’s widely known that this has not been kind to wallets everywhere. If you’re looking for some ways to pay less for gas, we’ve compiled a few ways to help. Rewards ProgramsMajor grocery chains like Pick N’ Save (Kroger) offer reward programs that can help you save at the pump. Members can earn fuel points for money spent on groceries and general merchandise. Example: Pick ‘n Save and Metro Market customers are

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5 Ways to Boost Your Financial Health (Amidst COVID-19)

Financial decisions can feel complex and hard even under normal circumstances. If the current  market volatility has you questioning what are the “right” actions you should take now, you are not  alone. Here are five concrete ways for you to jumpstart your financial wellness in the wake of the  novel coronavirus.  Don’t touch your face or your 401k  Time for some facts. Markets fluctuate over time, and returns often come with risks. While  COVID-19 is certainly adding unprecedented volatility to

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