Mary Wisniewski’s Post

🚨 Attention, Credit Card Users! 💳 In recent months, we've seen a growing trend among banks and NBFCs (Non-Banking Financial Companies) to slash rewards, reduce cashback incentives, and introduce higher charges—quietly impacting the value of our credit cards. What once felt like a valuable perk, helping us save and earn, is now quickly becoming a potential financial burden. If you're using credit cards, it's crucial to be vigilant and proactive. Here’s why and how you can take control: 🔍 1. Review Your Credit Cards Regularly Credit card issuers often make subtle changes to terms and benefits. Take the time to carefully read the fine print and understand any alterations that could affect your rewards, cashback, or fees. Don’t let these changes catch you by surprise! 💳 2. Compare Credit Card Offers Not all credit cards are created equal. With so many options available, it’s important to compare benefits across different banks and NBFCs. Look for cards that offer the best rewards, competitive cashback, and minimal fees. The right card can make a significant difference in your financial strategy. 💡 3. Understand the Hidden Costs Increased charges, like annual fees, foreign transaction fees, and late payment penalties, can quickly eat into any rewards or cashback you’re earning. Stay informed about the full scope of costs associated with each card and weigh them against the benefits. 📊 4. Take Action to Maximize Your Benefits Once you’ve reviewed your cards, consider switching to a card with better rewards or cashback opportunities. Alternatively, consolidate your spending on a single card that gives you the most value, ensuring you're getting the best return on every purchase. At the end of the day, credit cards are financial tools, and it’s up to you to use them wisely. By staying informed and proactive, you can ensure that your credit card continues to work for you, not against you. Stay sharp, stay informed, and make smarter financial decisions! 💪 #CreditCardAwareness #SmartSpending #PersonalFinance #FinancialPlanning #FinancialAwareness #StayInformed #MaximizeRewards

In today’s fast-paced world, managing your finances shouldn’t be a hassle. With the I&M Bank On The Go App, paying bills is as easy as a few taps on your screen. Whether it’s utilities, school fees, or essential subscriptions, take care of everything without leaving the comfort of your home. No more waiting in long queues or stressing over last-minute payments. Just sit back, relax, and handle it all from your couch. Work hard, but pay smart with the trusted support of I&M Bank. Download the I&M Bank On The Go App now and experience effortless bill payments, secure banking, and a seamless digital experience tailored to fit your lifestyle. #OnYourSide #IMBankAt50

❓ Ever thought about automating your savings? If you want to take control of your finances and start building a plan to bring your dream lifestyle to life, then you are going to need to take some steps to make that happen. This month I’ve been sharing some tips on the things you can do to understand where you are now financially and how to get in control of your money so you have a much better idea about what you need to do in order to live your dream life later on. Today I want to talk about automating your savings.💰 It’s a simple process you can do and by setting up automatic transfers to a savings account each month, means that money is “spent” and tucked away for when you need it. 1️⃣ Log in to your bank account either using your online banking or mobile app. 2️⃣ Set up a recurring transfer. Choose an amount that fits your budget and set it to transfer automatically from your checking account to your savings account each month. 3️⃣ Watch your savings grow! Consistent, automatic saving helps you build your savings effortlessly. This savings pot can be used for a specific project like a holiday, or a deposit for your child’s first home. It ensures that you’re consistently putting money aside without even thinking about it. It’s a simple step that can make a big difference in achieving your financial goals! Let me know if you already do this. 🔽 #automaticsavings #moneytipsandtricks #moneysavings #financialgoals #savingforyourfuture

This reinforces what I have been saying all along. Payments, and banking in general, is a business that cannot be considered ancillary. https://lnkd.in/djpmVc2Y

👇🏻 Here are the lowdown on a few things you might want to think about! We recently talked about all those savings account options out there. Now, let's chat a bit deeper and figure out which ones could be your perfect match. First things first... 1. LIQUIDITY NEEDS Consider when you'll need your money. If you have lots of short-term expenses or uncertain income, pick a traditional savings or money market account. If your income is steady and you can stash your cash away, go for a CD. 2. INTEREST RATES Check out interest rates from various banks and account types. Even small differences add up, especially if you have a lot saved. 3. FEES and MINIMUMS Be wary of any charges linked to your accounts, like monthly fees or minimum balance rules. They can eat into your earnings, so pick accounts that match your money situation. 4. ACCESSIBILITY Consider how simple it is to access your money. Some accounts offer online banking, mobile apps, or ATM access, while others may have more limited options. 5. BUNDLED SERVICES Looking to consolidate your finances? Check out CMAs— they usually come with extras like investing choices and paying bills. 📝 Just note, the right bank accounts depend on your goals. No one account fits all. Look around, compare, and choose what helps you grow your wealth & reach your goals. - Click the link below to access the latest resources, blog included! https://lnkd.in/d97_2iP5 #pittsburghbusinessowners #financecoach #financialeducation #moneymanagement #financeadvice

Have you tried Hearthside Bank’s SavvyMoney tools yet? Managing your finances just got easier! With our SavvyMoney tools, available in online banking and our mobile app, you can take charge of your financial health like never before. 🏦✨   Here’s what you can do:   ✅ View Your Credit Score Rating ✅ Track Your Payment History ✅ Set Up a Credit Score Action Plan ✅ Set Financial Goals ✅ Get a Financial Checkup .. and more! 💻 Login to your online banking or mobile app today to explore these powerful tools and take the next step toward achieving your financial goals.     Ready to take control? Let us help you every step of the way! 🤝 #FinancialWellnessMonth | #AlwaysWithinReach | Member FDIC.

Banking without boundaries! 🚀 Download the CFCU More app and unlock the freedom to bank from anywhere with ease. Whether it's Pay-A-Person, Bill Pay, or Mobile Check Deposit, managing your finances has never been simpler. Get ready to bank for THIS moment and beyond! 📱

Money transfer apps have surged in popularity, becoming a go-to payment method for many P2P transactions. 💸 📲 Forum Steering Committee member Deborah Baxley shares the pros and cons in this article for Investopedia. #Payments #InstantPayments #MoneyTransferApps

"It is this idea of meeting all of our customers’ money needs in a single place and, in doing so, transform banking forever.” That’s what Monzo Bank CEO TS Anil said in a recent sit down with David M. Brear about Monzo’s strategy and today’s announcement of Monzo for Under 16s is another example of this in full effect. You can expect to see the journey in our Pulse library as soon as it's available but in the meantime, here’s what you need to know about the announcement: 🚀 Created for children aged 6-15, Monzo’s new account is “designed to empower a new generation” and “share the magic of Monzo” with a waitlist now open. 🤝 In a strategic and expected move, Monzo is looking to continue to build loyalty amongst its 9m+ customer base with a product that addresses the demand for financial education for youngsters. 💰 According to Monzo’s research, 42% of parents that discuss finances with their children want them to understand how to create a budget. 🧠 Monzo joins Revolut (Revolut <18 - 2020) and GoHenry (2012) to name a few, in an ever-expanding landscape of financial management and education for children. 🤔 Monzo for Under 16s is “free for every child” with no sign-up, top up or subscription fee. Revolut <18 is included in both Premium (£6.99/month) and Metal (£12.99/month) plans while GoHenry costs £3.99 per child with some additional fees.

68% of Businesses Plan to Add Instant Payments Within 2 Years https://lnkd.in/gQFWtP3R Instant payments are the future! With 68% of businesses set to jump on board within two years, industries like retail, hospitality, and healthcare are leading the charge. They’re seeing the advantages—quicker cash flow and better customer interactions. Still, old-school methods like checks aren’t gone yet. There are some hurdles to face, like tech upgrades and fraud risks, but with the right strategies, instant payments will soon dominate the scene.