Financial Tips

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Welcome to your go-to resource for financial and practical life tips! Whether you're looking to save more, manage debt, make smarter financial decisions, or get some helpful advice for everyday life, these tips are here to guide you. Each financial tip is designed to offer valuable insights along with ways that JHFCU can support you through relevant products and services—from high-yield savings accounts to debt management tools.

You'll also find practical life tips sprinkled throughout, covering topics that make adulting a little easier and help you stay on top of day-to-day tasks. Below, discover the expanded tips you've seen on social media, complete with JHFCU’s resources to help turn each tip into action.

Explore, take advantage of exclusive member benefits, and let JHFCU help you reach new milestones in both your financial journey and everyday life!

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March 2025 Tips

  • Your credit utilization—the percentage of your available credit that you're using—plays a key role in determining your credit score. Lenders view high utilization as a sign of potential financial strain, which can lower your score. To maintain healthy credit, aim to use less than 30-40% of your total credit limit. Keeping your balances low relative to your limit shows responsible credit management and can help improve or maintain a strong credit profile. Regularly monitoring your credit usage and making timely payments can go a long way toward building financial stability. Try out SavvyMoney in Online Banking for free tools to help you keep an eye on your credit!
  • Over time, it’s easy to forget about the subscriptions you’ve signed up for—whether it's a streaming service, monthly box, or app. By reviewing your card statements from the last six months, you can identify these recurring charges and make informed decisions about which ones are no longer worth the expense. Even small amounts add up over time! Consider using MoneyMap, our digital banking tool, to monitor transactions and keep an eye on recurring charges. MoneyMap gives you a clear view of where your money goes each month, helping you stay on top of your budget and adjust to better align with your financial goals.

February 2025 Tips

  • The simple task of turning your phone off can keep you protected from hacking attacks, and it’s a quick and effortless step you can take to reduce your risk of falling victim to fraudsters’ work. Cyber criminals often exploit vulnerabilities in your phone’s software and bypass its security features to install malware or access sensitive data. By restarting your phone, you can prevent this silent attack from happening and keep your information safe!

    How often should you reboot? Best practice is at least once a week to stay secure. You should also consider powering off after using public wi-fi or when the performance of your phone is lagging.

    Reminder: JHFCU will never contact you asking for card numbers, CVV codes, PINs, birth dates, or other identification details. If you receive a message or call claiming to be us and you are concerned about its legitimacy, give us a call. It doesn’t hurt to be cautious! For more information on how to stay protected form threats, visit our Fraud Education page.
  • Large expenses—whether it’s a new appliance, a home renovation, or a dream vacation—can put a strain on your budget if you’re not prepared. Instead of relying on credit and taking on debt, set up a dedicated savings goal with a clear timeline. By consistently setting aside money in a separate savings account, you can build up the funds you need over time, making the purchase stress-free. Planning ahead not only helps you avoid interest charges but also gives you greater financial flexibility for future goals. With our Custom Savings Accounts, you can create up to five separate savings goals with no minimum balance, making it easy to stay on track.