Best Military Travel Deals

Best Military Travel Deals - PenFed Your Money Blog

The Americans who serve our country and communities quietly sacrifice so much from their personal lives to help build a better world. In return, many companies and organizations show their appreciation by helping members of the military save money when traveling.

Whether you’re relocating on orders (again!) or taking your family on a well-deserved getaway, investigate the best military travel deals available today. Look for and ask about these military discounts on lodging, airfare, rental cars and more.

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Posted in: Credit Cards

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 traditional wisdom still hold true — and is 20 percent down the right move for your own finances?

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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, especially if you’re buying your first car or truck. Fortunately, we have some advice to help you through it.

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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 aren’t the open-and-shut solutions they’re often portrayed to be. Sometimes they end up doing more harm than good.

What you don’t know about opening new accounts or closing existing ones can hurt you, squelching your credit rating instead of lifting it up. Don’t fall for these common credit rating mistakes.

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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 to find a mechanic you can trust to help you make the right repair choices and save some money in the process.

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Posted in: Cars