Blogs

Practices that reduce your spending and save you money The foundation of successfully managing your finances is budgeting, and a pillar of budgeting is learning to distinguish your needs from your wants. If you can’t differentiate those, you could wind up overspending on luxuries that you can’t afford. Give your budgeting skills a refresher by improving your ability to distinguish your wants from your needs. Why Should You Budget For Your Wants? If something makes you happy, why should you deny yourself that pleasure? Haven’t you earned that indulgence for working hard every day? The problem...

Simple tips to save money every day Small changes you implement into your daily life can make a big impression on your financial health. If you’re looking for ways to save money every day without committing to a major financial overhaul, consider the following tips. Take a Closer Look Before you start saving, it’s a good idea to get a clear picture of what you’re spending each month. Examine your bills and track everything you’re buying for 30 days, recommends The Balance writer Paula Pant. The month-long review will help you understand your money habits and allow you to set a better budget...

Teach your kids about saving money Money management is a complicated subject even adults have trouble mastering. So, it’s understandable that the prospect of teaching your kids about money might not be your favorite parental to-do. Start simply with a simple savings account to teach your kids the fundamentals of saving money. Setup an Account Speak with a Personal Banker who will walk you and your child through the process of opening a savings account or certificate of deposit. Seeing their name on the account will provide your child with a sense of ownership over their money and incentivize...

Tax season is upon us. While everyone’s financial situation is different, there are some basic guidelines to get you started. File Electronically This is the quickest way to get your tax refund. There are many online platforms that make filing your taxes safe and easy. You’ll need your account number and your bank routing number for a direct deposit. Personal Information The Internal Revenue Service (IRS) will need to know who is filing and who is covered under your tax return. Be sure to have your social security number and date of birth ready for you and other members in your household...

Protect your most important valuables We all have things that we want to keep safe. While we all hope that our homes are an ideal place for that, sometimes it’s a good idea to keep important items in another location. That’s where safe deposit boxes come in handy. What Are Safe Deposit Boxes? We work to keep the money of our accountholders safe, but certain locations offer the opportunity for you to rent a safe deposit box. You can ask a Personal Banker for more information about where your institution offers space for your valuables. While many things in our lives are digital, these storage...