Skyla Credit Union Blog

Starting your journey as a self-employed individual or entrepreneur is an exciting step toward financial independence. However, it also comes with important financial responsibilities - especially when it comes to taxes. Unlike traditional employees who have taxes automatically deducted from their paychecks, self-employed individuals must manage their own tax obligations.

Tax season is already stressful enough without scammers trying to swoop in and steal your personal information—or even your refund. Unfortunately, every year, tax-related scams evolve, and in 2025, fraudsters are getting bolder and more sophisticated in their tactics.

Ever wanted to buy that must-have item or experience—like a concert ticket, a weekend getaway, or even a new phone—without immediately feeling the pinch on your wallet? Buy Now, Pay Later (BNPL) might seem like the perfect solution. It allows you to make purchases and spread the payments over time, which can help ease that upfront cost. But before you dive in, let's explore what BNPL is, how it works, and whether it's really the best choice for your financial situation.

In an age where identity theft is increasingly common, taking proactive steps to protect your financial information is essential. According to a 2023 report by the Federal Trade Commission (FTC), over 1.4 million cases of identity theft were reported in the United States alone.

Ever wake up to find someone’s opened a dozen credit cards in your name? Total nightmare! With identity theft on the rise, it's crucial to secure your financial fortress. In 2023, the U.S. saw a whopping 1.4 million cases of identity theft. So, how do you protect yourself? You guessed it—freeze your credit!

Want to make your money work harder for you? Think high-yield savings accounts are the only way? Guess again! High-yield checking accounts are a great way to earn some extra cash while still enjoying all the perks of a regular checking account.

Picture this—you're in a coffee shop, smack in the middle of the AM hustle. Everyone's buzzing around, trying to get their hands on that liquid gold to kickstart their day.

One of the least fun things to do as an adult (well, in my opinion anyway) – is taxes. *groans*

Taxes – the never-ending saga of adulting that most of us dread. As mentioned in a previous tax article, it's not the most exciting task to tackle. But alas, it's a necessary one.