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Ryder Employees Gas Card

Ryder Employees Gas Card

What’s better than getting the auto loan you need to buy the car you want? Free gas, of course! Ryder employees who get their auto loan through Power Financial Credit Union will also get a gas card worth up to $50*. Stop by a branch today and get out on the road in your dream car! *Offer valid for vehicles purchased or refinanced with Power Financial Credit Union from July 15, 2019- October 15, 2019. SFAC or existing Power Financial Credit Union auto loans do not qualify for the offer. Gift card value for auto loans from $7,501 to $20,000 will be $20. Gift card value for auto loans between $20,000.01-$30,000 will be $30. Gift card value for auto loans between $30,000.01 and $40,000 will be $40. Gift card value for auto loans over $40,000 will be...
Building Blocks to Help Millennials Create a Financially Sound Future

Building Blocks to Help Millennials Create a Financially Sound Future

The Great Recession created a perfect storm for millennials. It was the worst financial crisis the United States had seen since the Great Depression, and it left millennials playing catch-up with their finances in the hopes of someday being able to retire. But even as they fight to break to even, millennials continue to accrue debt. In February, the New York Federal Reserve released a study showing that millennials have accumulated more than $1 trillion of debt including mortgages, auto loans, credit cards, and student loan debt. Additionally, Schwab’s 2019 Modern Wealth report, a May survey from Charles Schwab, revealed that 62 percent of millennials are living paycheck to paycheck while only 38 percent feel financially stable. Despite that statistic, millennials also say they spend nearly $500 a month in nonessential purchases. While the statistics above look grim, there is still hope for millennials pursuing the “American Dream.” It is important to remember that paying off cars and credit cards, buying a home and working towards retirement are not impossible feats. Like everything else in life, finances are about balance and finding an approach that works for you. Create a budget Budgets are not “one size fits all,” and no two people will have the same budget or goals. First, find a strategy that balances rewarding life experiences and saving for the future. Be realistic when crafting your saving and spending goals. For example, you can’t expect to go immediately from saving nothing each month to saving away $400 a month. Start with a number that is easily attainable and increase the amount when it’s feasible. Automate your finances...

Empower the next generation.

The world can be a tough place to grow up. Give the ones you love a leg up by sharing your secret financial weapon with them – us! When you refer your family members to join the Power Financial Credit Union family, we’ll give them a welcome gift of $100.* This might be the easiest $100 they ever make. A family that saves together stays together, and we’re ready to grow ours. Fill out this referral coupon to get started. *Promotion ends December 31, 2019. Subject to membership eligibility. Power Financial Credit Union’s membership consists of those who: live or work in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties; employees of Ryder System; member sponsors and employees of Bonefish & Tarpon Trust and based in Coral Gables; and immediate family of all current members. Restrictions apply. $100 reward will be paid out after new member has been active for 90 days and has direct deposit set up. See credit union for full...
5 Ways to Travel on a Budget This Summer

5 Ways to Travel on a Budget This Summer

Isn’t it funny how you look forward to summer all year long, yet somehow it still seems to show up earlier than you expected? Between work obligations, family responsibilities, and the valiant attempt to maintain some semblance of a social life, most of our schedules are so full that time flies whether we’re having fun or not. So, here we are—standing at the summertime starting line. Even if you don’t have a fully funded vacation fund, wouldn’t you like to get away for a little rest and relaxation? And wouldn’t it be nice to do it without blowing up your budget or going into debt? 5 Suggestions for Budget-friendly Summer Travel Score some last-minute deals. Remember when your parents and teachers would warn you about the dangers of procrastination? They may have been right about schoolwork and household chores, but it turns out waiting until the last minute can be a good thing when it comes to travel planning. To help travelers just like you, the good folks at SmarterTravel.com managed to identify 18 online resources that specialize in finding last-minute deals on hotels, flights, tours, cruises, and more! You spent years telling your mom that you do your best work under the pressure of a deadline—here’s your chance to prove it. Stay with friends or family. Catching up with friends and family is fun, right? If they just so happen to live somewhere you want to visit and you can save a little money by staying with them, wouldn’t that make your trip even better? Yeah, we thought so too. Financial benefit aside, staying with someone you know...
How Much Does It Take to Be “Rich”?

How Much Does It Take to Be “Rich”?

How Much Does It Take to Be “Rich”? The results of a recent YouGov survey show that most Americans think you need to make $100,000 per year to be considered “rich.” Assuming you weren’t one of the people interviewed for that survey, does $100,000 a year sound like wealth to you? What if someone makes less than six figures per year? Can they still be considered wealthy? How can someone with a goal of getting rich know when they’ve finally arrived? What does “rich” even mean? Here’s the challenging thing about defining what it means to be rich or wealthy—it’s all relative. In a recent article for CNBC, reporter Kathleen Elkins shared that, according to the 2018 Global Wealth Report, “If you have just $4,210 to your name, you’re better off than half of the people around the globe.” That report went on to show that anyone with a net worth of $93,170 or more ranks in the world’s wealthiest 10 percent. How about that? It turns out wealth has little to do with your income after all. Yes, earning a lot of money can help you build wealth, but there’s more to it than that. We’ve all heard stories of individuals who made massive amounts of money yet wound up broke and bankrupt. At the same time, there are many examples of ordinary people who earned average salaries and somehow managed to retire with extraordinary wealth and financial stability. When you analyze their stories, you find that those who were successful focused less on their income and more on their net worth. If you want to “get rich,”...