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Homebuying: The Pros And Cons Of Putting 20 Percent Down

Homebuying: The Pros And Cons Of Putting 20 Percent Down - PenFed Your Money Blog

Even if you’ve never bought a home before, you’re probably aware of the gold standard for paying for one: a 20 percent down payment. That’s a big chunk of change. In an era of “no money down” promotions, does the

Posted in: Mortgages & Home Buying

6 Car And Truck Buying Tips For Military Personnel

6 car and truck buying tips for military personnel - PenFed Your Money Blog

Buying a car or truck is a bit different than buying other items. A big ticket buy like this requires saving up for a downpayment, hunting for financing, and some savvy deal making. The process can be a bit intimidating,

Posted in: Cars

Why You Should Stop Opening And Closing Credit Accounts

Why you should stop opening and closing credit accounts - PenFed YourMoney Blog

Is improving your credit rating really as simple as opening or closing the right accounts at the right time? If only creating a stronger, more favorable impression on your credit record were that simple. The truth is that these tricks

Posted in: Personal Finance, Saving Money

How To Choose A Mechanic You Can Trust

How To Choose A Mechanic You Can Trust - PenFed Your Money Blog

Finding a good mechanic can be intimidating if you don’t know much about cars — because how can you tell if you’re getting a good deal? However, with a bit of research and a few handy tips, you’ll be able

Posted in: Cars

Rewarding Mother’s Day Gift Ideas

Rewarding Mothers Day Gift Ideas - PenFed Your Money Blog

Tell the truth: How likely is it that you’ll be trolling the aisles of your local grocery store on Mother’s Day for an inexpensive bouquet or a box of chocolates? Don’t get caught with no gift in hand. There’s plenty of

Posted in: Credit Cards