Skyla Credit Union Blog

Let's be honest... no matter how well you plan and prep for emergency savings, the truth of the matter is something unexpected and un-budgeted is going to happen. Unfortunately, these big curveballs life throws at you aren’t typically cheap enough that skipping a subscription payment like Netflix will put your budget back on track.

Be honest - how many times have you been in this situation: You take the time to sit down and really hammer out your budget. You know how much money should be going towards groceries and eating out, you’re set up to save a little more each month, and you feel good about your new system.

Imagine setting up or switching your direct deposit from the comfort of your couch, with just a few clicks. Now, you can with Skyla’s new (and free) direct deposit tool! We're transforming the payday experience with about simplicity, security, and flexibility. Plus, this isn't just about your regular paycheck - even social security payments can be updated, too!

Great question! Saving money is one of the smartest things you can do with your cash, but with endless options, it can be tricky to know what type of account is the best fit for you. Enter the epic battle of Certificates of Deposit (CDs) versus savings accounts.

Hey finance-savvy folks! Are you curious about whether Certificate of Deposit (CD) accounts are a safe bet? It's a common question for those who want to secure their hard-earned cash. Sure, CDs may not be the most thrilling investment on the market, but they offer an assurance of return and can add some diversity to your portfolio.

If you're still receiving physical paychecks every month, you might want to consider switching to direct deposit. Think of it as a smartphone compared to an old flip phone – direct deposit is the future and a part of the modern banking solution.

If you’re already in (or ready to be in) a committed relationship, chances are your finances will mix and mingle at some point. For many couples, discussing money with their significant other is one of the most challenging talks. It’s common to feel ashamed or embarrassed about financial hardship because you have a fear of being judged by someone who has your heart.

Think about the last time you traveled – do you remember how much you spent? Did you set a budget? Did you go over that budget? Or did stay diligent in your prepping and managed to enjoy your trip while staying on track?

Do you typically maintain a high account balance in your savings or checking account? If so, you don't have to limit yourself to just savings or checking accounts. You have options - one includes, money market account (MMA).