News/Blog

The world of investing can be confusing, especially for a first-timer. No worries, though; Texas DPS Credit Union can help! Here’s how to start investing in five easy steps.   Step 1: Define your tolerance for risk  If you’re investing, be prepared for potential...

It’s never too early – or too late – to start planning for your retirement. However, the more time you allow for your savings to grow, the bigger the nest egg you’ll have when it’s time to cash in. Here’s how to get started on planning your retirement.   Set a...

Your credit score is a crucial part of your financial health. The three little numbers measure the capacity of your credit, the proficiency of your money management and your fiscal responsibility. An excellent credit score can open the door to large loans with better...

Living a life of financial wellness means being happy with a lifestyle that’s within your means but doesn’t leave you feeling like you’re lacking. At the same time, financial wellness means money choices are governed by discipline and not by emotion. So how do you...

“Pay yourself first” is a catchphrase that refers to prioritizing your personal savings above other expenses. To achieve it, savings should be a fixed line on your budget that happens every month without fail.  Here’s how to pay yourself first:   1. Review your...

Now that you’ve started paying down debt, you and your partner have tackled big money issues, and you’ve mastered the art of spending mindfully, you’re now ready to think beyond your own needs by learning how to pay it forward.   Money management can sometimes...

Q: I’m looking to open a new credit card, and I’m unsure of my options. How can I find a credit card that best fits my lifestyle?   A: There are many types of credit cards. The one that’s best for you depends on your lifestyle, as well as your financial habits and...

Creating and deciding to stick to a budget is the easy part, but carrying through on your plan is the hard part. For many people, a big part of the gap between what they want to do and what they actually do is caused by their failure to spend mindfully. When every buy...

Communicating openly about how you manage your money is a big part of having an honest and trusting relationship. Here, we’ve compiled six tips to help guide you in this super-important conversation.   1. Plan in advance Broach the topic with your partner a few...

[You’ve tracked your spending, designed a budget for your monthly expenses, and you’re on a good path to financial wellness. In this next step, you’ll create a plan for paying down debt.] Consumer debt can be one of the biggest challenges to financial wellness. With...