Mastering money takes practice. So learn as much as you can, then put that knowledge to use. As a warm-up, we've put together a quick question and answer session from members like you. For more details, just click on the links from our friends at the National Endowment for Financial Education and the Credit Union National Association.

Together, we'll tell you everything you need to know about money.

Got a question of your own? Email us at amplify@sofcu.com. We'll post your question and give you a sweet prize.

Budgeting
Gina from Roseburg asks: Why do I need a budget?

SOFCU: Comparing your income to your expenses ensures your daily spending habits don't overwhelm your life goals. Find out more.

Buying a Car
Carl in Bend wanted to know: What's the first thing I should do to buy a car?

SOFCU: Prioritize what type of car you'd like to buy, and get an understanding of the total cost in owning a car. See more.

Using Credit
Jessica from Coos Bay asks: What’s a credit report?

SOFCU: A credit report is a profile of all the creditors' experience with you as a borrower. Because it reflects your credit history and how well you pay debt, lenders, employers and landlords review it to make a decision about you. Learn more.

Saving
Matt from Eugene was wondering: What's interest?

SOFCU: Interest is the amount the credit union pays you for keeping your money in a savings account. The more you save and the longer you save it, the more interest you'll earn. Find out more.

Paying Taxes
Kelly in Medford wants to know: What is a W-4?

SOFCU: This is the form that tells your employer how much tax to withhold from your paycheck during the year. The lower the number of exemptions, the more tax is withheld from your paycheck. Learn more.

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