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Saving as a Family

When you have a family, it seems like there is never enough money to go around and saving money frequently gets pushed aside. However, saving money can help stabilize your family’s financial life.

Saving is putting money aside for future use and requires discipline and, at times, denial. Therefore, it’s important to discuss the […]

2018-09-12T18:19:11+00:00 April 5th, 2018|Financial Literacy, Savings|

Make Your Tax Refund Work for You!

Every year, the middle of April marks the end of the federal tax return filing season. For many Americans, that can mean seemingly endless forms, pay-stubs, and other paperwork. However, tax time can also be a unique opportunity for saving for your future! You can maximize tax time in three easy ways and have […]

2018-06-25T18:56:41+00:00 March 5th, 2018|Bank Local, Savings|

Education Savings is Simplified in 2018

The recent tax bill expands 529 savings plans to include expenses for elementary and secondary education. And, the annual gift tax exclusion has increased. This is big news for education savers – no matter how much you are saving!

Congress wanted to make it easier to save for education. Traditionally, 529 plans have been used […]

2018-06-25T18:43:25+00:00 January 5th, 2018|Financial Literacy, Savings|

Is It Always Best to Pay Off Credit Cards Before Saving for Retirement?

Conventional wisdom says you should pay off your credit cards before saving for retirement. While it’s generally true you should pay off high-interest credit card debt as quickly as possible, there are a few situations where retirement savings should come first. Let’s look at the benefits of each approach.

Benefits of Paying Off Credit Cards First

Credit […]

2018-09-04T17:43:24+00:00 September 25th, 2017|Financial Literacy, Savings|