How To Create a Budget And Stick To It? (Part 2)

Posted in Board Brief, KTFCU News on Jun 17, 2026

A 2020 survey suggested 7% of Americans were wealthy enough to not need a budget. That implies that the rest of us (93%) do. Last Board Brief, surveys suggest about 85% of Americans either don’t budget or cannot maintain their budget.

WHY?
For the most part, people don’t feel the need to budget when they should, people have set unrealistic budget expectations, or they have had an unexpected event that caused them to exceed their budget.

WHAT TO DO?
There are several metrics for developing a budget. If you are starting out or if you have landed in a bad spot, financially speaking, a place to s...

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Posted in KTFCU News on Jun 01, 2026

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Spring 2026 Newsletter

Posted in KTFCU News, Newsletter on May 29, 2026

Spring 2026 Newsletter.pdf

How Do I Create And Sustain Wealth? (Part1)

Posted in Board Brief, KTFCU News on May 20, 2026

A 2024 Pew Research Center survey found that 59% of Americans felt very or extremely confident they can budget. A 2023 NerdWallet survey found that 74% of Americans had a monthly budget. A 2024 Debt.com survey found that around 90% of Americans report they budget their money.

Since so many Americans say they are budgeting, WHY ARE SO MANY PEOPLE STRUGGLING FINANCIALLY? What gives? The quick answer is reality overcomes good intentions. That same 2023 NerdWallet survey found that 83% of people who have monthly budgets said they exceed it. Many said they use credit cards to cover the overspendin...

Buy Now, Pay Later BNPL No-Interest Services (Part 3 of 3)

Posted in Board Brief, KTFCU News on Apr 15, 2026

The last two Board Briefs on this subject we layed out what Buy Now, Pay Later (BNPL) services are (a financing product) and when you might consider using a BNPL financing option (only on rare occasions).

So, what are the circumstances where I should NOT consider a BNPL financing option?

There are many examples.

• Any item that has a short lifespan (less than the financing term of the BNPL option).
• Anything perishable, like groceries, clothing, entertainment, travel, etc.
• Anything that is a nice to have, but is not a need, like furniture, a stereo system or a TV, especially when you alrea...