Pathways to Financial Wellness

A common scam involves the caller claiming there’s suspicious activity on your debit card. They may ask for your full debit card number and then say they’re sending you a text message to “verify” or “close” your card. That text often contains a security code the scammer wants you to share. Here’s the important thing to remember: WSSC FCU will never call and ask for your full debit card number, PIN, or security verification codes by text.

Every month, many of us automatically pay for the things we enjoy. Streaming services. Music. Meal kits. Fitness apps. Cloud storage. These subscriptions make life more convenient, and because they're automatic, we rarely think twice about them. But here's a question: What if you created one automatic subscription that benefited your future?

For those with a higher utilization rate, paying down your balance can really pay off. Do one thing: If you have higher than 30% credit utilization, start chipping away at your debt to get it below that important mark.

April brings an increase in fraud schemes, from tax-related scams to fake charities and investment traps. Scammers know you have a busy schedule and may try to take advantage of your limited time. At WSSC FCU, we want to help you stay informed so you can safeguard your hard-earned money and personal information.

Spring is a natural reset. While you’re cleaning and organizing your home, take time to refresh your finances too – using this checklist to refocus your money for the months ahead.

Knowledge is power – especially when it comes to handling your finances. And while many personal finance topics are pretty straightforward, there are a few things that aren’t always as intuitive as they could be. Such is the case with the credit utilization rate, sometimes called the credit utilization ratio.