Get Back To The Basics to Increase Financial Literacy

Trying to understand the complicated world that is your finances can feel overwhelming, and we know that. But we find the best way to feel more confident is to start with the basics. That’s why we started our “Back to Basics” series, where we break down the information that creates a solid foundation of understanding when it comes to finances.

A Bank Vs. A Credit Union

You might be someone who has used your financial institution for years, maybe this financial institution has even been used by generations in your family! But do you know the difference between where you bank, and where you could? Bank and Credit Unions offer very different experiences and rates among its members.

Ways to Save (And Keep It There)

Maybe, last-minute situations keep coming up, draining the savings you stash away every month. There are solutions to help you keep your savings where you want them. Things like building an emergency savings, and Share Certificates are both tools to help you stay on track.

Financial Terms You Should Know

Lastly, there’s a lot of financial jargon that gets thrown around, and sometimes it feels easier to tune it out and stick with what you already know. But learning a few basic terms—like APR, or Annual Percentage Rate—can make a big difference. For example, credit unions often offer lower loan rates, which can mean paying less in interest over time. Understanding terms like these can help you feel more confident when making important decisions about your money and your financial future.

Revisiting The Basics

Sometimes, the basics can slip past us—especially when life gets busy. It can be hard to find the time to revisit topics we feel like we should already know, but there’s always value in getting back to the fundamentals. A stronger understanding of the basics can give you the knowledge and confidence to make smarter financial decisions and keep building toward your goals.

Ready to build your financial foundation? We’ve created a whole library of “Back to Basics” videos and helpful guides for anyone looking to grow their financial literacy, no matter where they are in their financial journey.

Start your financial literacy journey here:

If you have questions, please feel free to reach out to our helpful team at Discovery Federal Credit Union for further assistance! Call us at 610.372.8010 or visit us in branch at 2744 Century Blvd. Wyomissing, PA 19610. Happy learning!