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The mission of the Institute for Financial Well-Being is to guide and encourage individuals to focus on achieving economic stability - using innovative tools, making informed decisions, and encouraging positive habits.

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The mission of the Institute for Financial Well-Being is to guide and encourage individuals to focus on achieving economic stability - using innovative tools, making informed decisions, and encouraging positive habits.

The mission of the Institute for Financial Well-Being is to guide and encourage individuals to focus on achieving economic stability - using innovative tools, making informed decisions, and encouraging positive habits.

Welcome to MoneyEdu - Powered by SEFCU

New resources each week for the SEFCU community.

This Week

Traveling and Living Abroad

Explore what you need to know to make your overseas travel a success.

Join SEFCU's Institute for Financial Well-Being for a live webinar on Financial Goal Setting:  How to Save and Create Meaningful Financial Goals.

Click here for the entire schedule of live, interactive webinars for all ages.

Explore Topics

Featured Topics

Articles and videos for self-paced learning.

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Financial Aid Introduction
Whether you're considering higher education for yourself or starting to plan for the education of...

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Types of Financial Aid
The main types of financial aid are education loans, grants and scholarships, work-study, and...

Maze with the word Plan in the center.

Creating an Aid Strategy
Considerations when planning to pay for school, including school choice, employment options...

Young woman reviewing calculator tape with notepad on table.

Understanding Financial Need
Some aid is based on financial need and some is not. What exactly is "financial need?"

A hypothetical FAFSA admission ticket

Applying for Aid
The aid application process, including descriptions of the FAFSA and Profile forms.

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Education Loans
A description of the main types of student loans, including government loans, consolidation loans...

Financial Wellness Courses

Make real progress in less than an hour.

Budget Basics

29 minutes

Get Started

From setting goals to paying off loans, the basics of effective budget management.

  • Setting Goals
    Setting financial goals offers the chance to step back from everyday pressures, allowing us to think about how we’d like to be rather than as how we are.
  • Debt and the Pressure to Spend
    It’s wonderful to have the freedom to buy so many products, but unless you’re rich, the key to happy spending is planned spending.
  • Nudging Yourself Toward Your Goals
    No matter what your financial goal, it's important to have an accountability system in place.
  • Introduction to Budgeting
    Why budgeting is important, no matter how much money you earn.
  • Income and Expenses
    A big part of budgeting is identifying income and listing expenses.
  • Making Sense of Your Budget
    After you've identified your income and tracked your spending, it's time to compare the numbers, gain perspective, set priorities, and make changes.
  • Tracking Your Spending
    Tracking your money can be a powerful way to spot unplanned spending.
  • How to Improve Cash Flow
    Cash flow is a key indicator of your financial health.
  • Money Saving Ideas
    Looking for ideas for ways to save money? Almost everyone can find a way to save using at least one of these tips.

Buying a Car

28 minutes

Get Started

From choosing a make and model to financing a purchase, topics every consumer should understand when buying a car.

  • Buying a Car Introduction
    An introduction to the basics of this major purchase and responsibility.
  • Choosing a Make and Model
    A look at four important factors to consider when choosing a car: fuel consumption, insurance rates, reliability, and depreciation.
  • The Total Cost of Ownership
    Understanding the many costs associated with owning a car - from financing to taxes.
  • Buy or Lease?
    Understanding the pros and cons of vehicle leasing.
  • Financing a Car Purchase
    How a loan affects the total cost of buying a car.
  • Evaluating a Used Car
    How to "do your homework" before buying a used car.
  • Setting a Target Price
    How to set a realistic target price for both new and used vehicles.
  • Negotiating Price
    Know what to expect when negotiating the best deal.
  • Avoiding Surprises
    Think the negotiating is finished when you agree on a price? Here's how to negotiate dealer extras and extended warranty pitches.
  • Common Mistakes When Buying a Car
    Twelve common mistakes to keep in mind when shopping for a car.

Buying a Home

26 minutes

Get Started

An overview of the home-buying process, from saving for a down payment to closing the deal.

  • Buying a Home Introduction
    Some pros and cons of buying a home, including a comparison with renting.
  • Buying vs. Renting a Home
    Factors to consider when making an informed "buy" or "rent" decision.
  • Planning for Your Home Purchase
    Before you buy a home, determine how much consumer debt is reasonable for you and what upfront costs you will have for your home purchase.
  • Understanding Down Payments
    A large down payment isn't always needed to buy a home, but let's take a look at how down payments can affect your total mortgage costs.
  • Understanding Mortgages
    The parts of a mortgage and common mortgage loan options.
  • Should You Get Pre-Approved for a Mortgage?
    When you're pre-approved, you'll have a better idea of your costs and options.
  • How Real Estate Agents Work
    A look at the role your agent will play in the home buying process.
  • Assembling a Home Buying Team
    Having the right people on your side can help you make the best possible buying decisions.
  • Making an Offer and Closing the Deal
    Crossing the finish line of the home buying process – submitting an offer, negotiation, and dealing with closing costs
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Financial Basics

26 minutes

Get Started

Learn the basics of managing money, including financial health, budgeting, managing credit, plus more.

  • Financial Health
    The concept of financial health is the foundation of any financial plan.
  • Introduction to Budgeting
    Why budgeting is important, no matter how much money you earn.
  • Choosing a Bank or Credit Union
    Key factors to consider when choosing a financial services provider.
  • Credit vs. Debit Cards
    Credit and debit cards each have pros and cons. When should you use each?
  • Credit Reports and Scores
    Credit reports and scores determine the rates you pay when borrowing and can affect your ability to get certain jobs.
  • Managing Accounts
    Account management strategies for checking and savings.
  • Building Credit
    Understanding the decisions and behaviors that can lead to improved credit scores.
  • Identity Theft
    Understanding ID theft and how to prevent it.
  • Financial Goals Exercise
    A goal-setting exercise that includes weekly, monthly, yearly, and long-term goals.
Person putting last piece of a jigsaw puzzle down.

Financial Planning

21 minutes

Get Started

What you need to know to start making a long-term financial plan, from getting married to planning for retirement.

  • Medical Care Planning
    How to make sure your wishes are followed in a medical crisis.
  • Financial Planning
    Learning the "how" and "why" of short, medium, and long-term financial planning.
  • Estate Planning
    Wills, trusts, and other end of life issues.
  • Creating a Will
    A will is the cornerstone of the legal framework of an estate plan, and everyone should have one.
  • Powers of Attorney
    Everyone faces the possibility of temporary or permanent incapacitation. Make sure your wishes are followed.
  • Talking About Money
    A look at some of the financial considerations of getting married.
  • Planning for the Unexpected
    Planning for unexpected events, including accidents, death, and even the possibility of divorce, are all part of a responsible marriage.
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Financial Trouble

28 minutes

Get Started

What to do if you're in financial trouble, from creating a debt reduction plan to your rights when dealing with debt collectors.

  • Spotting the Signs of Financial Trouble
    Many Americans find themselves in debt, but for some, debt turns into a serious problem with lasting consequences.
  • Dealing with Financial Trouble
    If you ever find yourself experiencing financial trouble, there are steps you can take to get back on track and to minimize the damage to your credit.
  • Debt Reduction Plans
    Whether you do it yourself or work with a credit counselor, creating a debt reduction plan is an important first step for those with financial trouble.
  • Credit Counseling
    The role of credit counseling organizations and how a debt management plan works to restore credit over time.
  • Choosing a Credit Counselor
    The best way to find a good credit counselor is to know what questions to ask.
  • Credit Repair Scams
    There's a big difference between a non-profit credit counseling service and a credit repair scam. Learn how to tell the difference.
  • Debt Collection
    Your rights and responsibilities when dealing with debt collectors.
  • Debt Collection and Legal Actions
    What to expect if you are sued over debt.
  • Understanding Bankruptcy
    The types of bankruptcy and why bankruptcy should be used only as a last resort.
  • Alternative Financial Services
    Understanding why payday loans, check cashing services, and similar services may be bad deals for consumers.

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 Upcoming Events

Keeping It Financially Green
Wednesday, October 5 at 12:00 PM EST
Online Meeting
Host: Institute for Financial Well-Being
Joe the Monkey Saves for a Goal
Wednesday, October 5 at 4:00 PM EST
Online Meeting
Host: Institute for Financial Well-Being
Gig Economy: Budgeting Inconsistent Income
Thursday, October 6 at 12:00 PM EST
Online Meeting
Host: Institute for Financial Well-Being

About SEFCU's Institute for Financial Well-Being

Join Institute educators for a unique, live, interactive webinar experience. Find our ongoing schedule in the Event Calendar, and learn more about us in the link below. Do you have a group or organization that could benefit from financial education? Topics are available for all ages and education is always free. Contact the Institute to make a request.


Have a question? Let us know!

800-727-3328, x4066
financialwellbeing@sefcu.com

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