Is Pentagon Federal a Good Credit Union?
Pentagon Federal Credit Union, commonly referred to as PenFed, was established in 1935 in Washington, D.C. but is now based in Tysons, Virginia. The credit union offers a suite of financial services to over two million members throughout all 50 states who have or have had an affiliation with the U.S. military. PenFed is a good […]
Can You Get Denied for a Secured Credit Card?
A secured credit card is designed to help you build your credit. You’ll need to provide a refundable security deposit equal to the amount of the secured card’s credit limit. If you don’t repay your credit card, the issuer could use the security deposit to pay the balance of the credit card and close it. […]
Is Navy Federal Credit Union a Good Bank?
Navy Federal Credit Union (NFCU) is the largest credit union in the United States. It provides banking and financial services for its 9.2 million members representing the military and Department of Defense (DoD). Eligible members consist of Department of Defense, Coast Guard, Navy, Marines, Army, Air Force, and Space Force active duty personnel, veterans, civilian and […]
What Is a Federal Deficit?
A federal deficit occurs when a government spends more money than it takes in in revenue during a given year. The opposite of a deficit is a surplus. A surplus occurs when the federal government does not spend as much as it gets in revenue. In the U.S., there have only been nine surplus years since […]
The National Debt Explained
The national debt is the amount of money the United States owes to lenders. The concept is similar to personal debt — when the government spends more than it makes, it adds to its debt levels. Growing Debt in the U.S. According to the U.S. Treasury, the U.S. national debt was at over $25.6 trillion on May […]
6 Tips for Retiring Early with No Money
If you know you don’t want to continue working full time for the rest of your life, it’s important to prepare for retirement. To set yourself up for retirement life, you may need to commit to putting away money over the course of several working decades. While most Americans know the importance of saving money […]