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How Much Money Do You Need to Retire?

Posted on September 18, 2018 | Categories: Budgeting, General, Retirement, Savings

Asking yourself how much money you need in order to enjoy a comfortable retirement is difficult. Although it may be a challenge to figure out how much money you’ll need, a true monetary amount is different for everyone. It depends on factors such as where you’ll live, how healthy you are, and what you want to achieve in retirement. For example: travel or try exciting, new adventures. Ultimately, it depends on your lifestyle. But, here are some general guidelines to help you refine your answer.

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Money Management for Middle Schoolers

Posted on September 18, 2018
Categories: Budgeting, General, Personal Finances, Savings

It is never too early to start teaching your children about money management. Research has shown that there has been a decrease in understanding finances and how to manage money in America’s youth. Teaching your children how to manage their money leads them to becoming financially responsible adults. Below are 5 money management tips you can use to teach financial literacy in your home.

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Tags: middle schooler, money management
Effective Old School Savings Tips

Posted on September 18, 2018
Categories: Budgeting, General, Savings

It’s not surprising to hear that your grandparents and parents were frugal when it comes to money. However, that leads us to ask, “How did they get so good at saving?” We’ve gone and found some of the best old school savings methods that are still guaranteed to help you with your funds. Enjoy!

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Tags: old school, savings tips
How to Save for A House Down Payment

Posted on September 18, 2018
Categories: Budgeting, Mortgages, Savings

If you’re looking to buy a house, having a larger down payment will offer you a lot less financial stress in the long run. However, in order to put a larger sum of money down, you will need to take the right steps to save. Follow these 5 steps and you will be on your way to being a first-time home owner!

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Tags: down payment, homeowner
Best Practices for Protecting Your Data

Posted on August 20, 2018
Categories: Cyber Security, General

Over the years, cyber hacking has been on the rise - nearly doubling from 2016 to 2017. Out of all of those attacks, 93% of all breaches in 2017 could have been avoided with simple cyber hygiene practices according to Online Trust Alliance. That’s why we’ve decided to give you some updates on the latest cyber security practices!

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Tags: Cyber Security, protect data
Jumpstarting Your Child’s Tuition Savings: How Much to Save

Posted on August 20, 2018
Categories: Budgeting, Financial Education, General, Personal Finances, Personal Loans, Savings

You only want the best for your child - but how much is the best? Figuring out the amount of money to begin putting away for your child’s tuition can be tough. Yes, they will be able to contribute, but it doesn’t hurt to help your baby get the educational future they deserve. That’s why Fairfax State Savings Bank offers some insight on what funds you should begin putting towards your child’s education today!

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Tags: college, tuition
How to Adult: Financial Starters

Posted on August 20, 2018
Categories: Budgeting, General, Personal Finances, Savings

It’s been said that youth is wasted on the young, but let’s not let that be true of those of you who are fresh into the adult world. We get it, many adults feel underprepared and overwhelmed at the amount of responsibilities that snowball after college or high school. Don’t fret! The fact that you are even taking the time to read this says that you are going to be okay. We have compiled a list of basic adult financial musts that will help you navigate this new terrain.

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Tags: financial starters, how to adult
3 Keys to Managing Your Money When You’re Self-Employed

Posted on August 20, 2018
Categories: Budgeting, General, Personal Finances, Savings

If you’re similar to 10 percent of the active American workforce, you are self-employed. Those who enjoy going into business for themselves find a great degree of freedom and empowerment. You have more value for your work, no uniforms, get to choose your customers, not to mention unlimited vacation days. However, these benefits can be quickly overshadowed by the effects of poor money management. In order to make your dream successful, there are certain key habits and skills you should have...

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Tags: manage money, self-employed
Cyber Security for College Students

Posted on July 23, 2018
Categories: Cyber Security, General

So you think you’re all set for your first day of classes. Backpack, books, IPad and smartphone in hand - you think you have everything you need for success this semester. However, learning proper cybersecurity habits are just as important to your college success as the friends you make or the assignments you accomplish.

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Tags: cyber, secure, security
The Brief Beginner’s Guide to Boosting Your Car’s Value

Posted on July 23, 2018
Categories: General, Savings, Seasonal

Your car is your baby, but have you really been treating it as well as you should? If you’re in the market for a new vehicle or just looking to make your automobile look its best, then you’ve come to the right place! Fairfax State Savings Bank offers wonderful ways to boost your car’s value on the inside and out.

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Tags: car, value