Education Articles

Debt Snowball vs. Debt Avalanche

Ever noticed how much easier it is to fall out of shape than to get into shape? The same can be said (albeit the exact opposite) about getting into (too easy) and out of (pretty hard) debt. There are many ways to dig out of debt—some extreme and unlikely, like winning the lottery or inheriting a pile of money. Chances are pretty low that either ...

True or False: Money Edition

When it comes to the topic of money, it’s not always easy to tell reality from myth—even when you’re expected to be financially independent. The good news is, it’s never too early (or too late) to learn. Let’s see if you can spot the fact from the fiction.  The U.S. dollar is the most commonly used currency in the world. True. It’s even sometime...

3 Benefits of Using Mobile Check Deposit

For information about stimulus payment amounts and timelines, please visit the  IRS website . There’s no need to squeeze a trip down to your local branch or ATM in your already busy schedule just to deposit a check. All it takes is a few minutes of your time and a smartphone or tablet. What is mobile check deposit? Just like it sounds,  mobile...

5 Reasons To Get Connected With SELCO App

It’s no mystery that we exist in a digitally driven world. We search online for everything under the sun. We shop. We chat with friends and family through social media. Nearly  5 billion people use the Internet , according to recent statistics. And much of that time is spent on a mobile device. A study by global tech protection and support compa...

4 Ways To Watch Your Savings Grow

Remember the days of pedaling to the local bank and depositing your lawn-mowing or paper-route money into a savings account? Life is more complicated now (as are our finances), but the idea remains the same: We want a safe place to store our money and, ideally, watch it grow. SELCO has been around since the throes of the Great Depression,...

Loose Change Stack-Up

A fun, educational game for your kids The Loose Change Stack-Up is a fun, easy activity to teach your kids how to count change as well as the value of earning money. Teaching kids at an early age how to count and earn money will help set them up for success later in life by building a financial foundation of knowledge. This activity is great for...

10-for-20

10 Financial New Year’s Resolutions for 2020 Hard to believe, but the time has come to make—or to start making good on—your annual New Year’s resolutions. Perhaps you’ve already gotten to work on eating healthier, organizing your garage, or learning a new language (congratulazioni!). How about getting your “financial house” in order? If you...

7 Savvy Ways to Spend Your Tax Refund

In the late 1960s, Stanford University conducted a now-classic psychology study called the Marshmallow Test. In it, children were offered a choice between eating one marshmallow immediately or two marshmallows if they could wait a few minutes. You can watch kids deal with this agonizing dilemma here . Resisting an immediate reward for a greater...

P2P Payment Systems: What You Need To Know

Peer-to-peer (P2P) payment systems have dramatically changed the way we handle our money. It’s so easy to send money with just a few taps on your phone. First popularized by PayPal, the world of P2P payment systems has exploded. A NerdWallet survey found that roughly 80% of Americans use mobile payment apps to either quickly pay friends and fami...

Plan For Retirement, Especially In Your 20s

If you’re in your 20s, retirement may seem too far off to worry about. Besides, you probably have more immediate concerns, like student loans, car loans, and credit card debt. And if you’re in your 30s or 40s, you may be more focused on buying a house and raising children than on retirement planning. But the sooner you get into the habit of savi...