How Do I Start an Emergency Fund?

Posted on July 26, 2021

Categories: Budgeting, General, Personal Finances, Savings

No one can predict what the future has in store for us, but we can be better prepared for it. That’s where an emergency fund comes in. Setting aside funds allows you to cover those unexpected expenses such as a costly repair bill, unemployment or medical.

How to Pay Off Debt Faster

Posted on July 19, 2021

Categories: Budgeting, General, Personal Finances, Savings

Debt can seem intimidating at first, especially when you’re looking at all the different balances across various accounts and credit cards. Paying off your debt will allow you to increase your income and have a little extra room in your budget for other things. By following a few simple strategies, you can pay off your debt faster than you think.

How to Increase Your Home’s Value

Posted on July 12, 2021

Categories: Budgeting, Consumer Loans, Mortgages, Personal Finances, Personal Loans, Savings

Buying a home is a major achievement—and investment! Mortgage payments help build up equity in your home over time, but there are changes and upgrades you can make to your home in order to increase its value, resulting in a bigger return on your investment.

Looking Ahead: Retirement Savings

Posted on July 5, 2021

Categories: Budgeting, Personal Finances, Retirement, Savings

Even though it may seem far off into the future, it is never too early to start saving for retirement. If you have an idea of what you want your retirement to look like, it makes it much easier to plan for it and set goals in order to reach that vision. Here are some tips on how you can look ahead toward retirement savings.

Retirement Savings by Age

Posted on June 21, 2021

Categories: Budgeting, Financial Education, Personal Finances, Retirement, Savings

At any age, you should be saving for retirement - yes, even when you’re 20. This can mean more than just putting a little money into your employer's 401(k) plan. It’s important to think about all the expenses you will have in the future and how you will afford them. Therefore, we wanted to share some information on how you should save for retirement based off your age. Read on to learn more!

Emergency Fund: How much is enough?

Posted on June 14, 2021

Categories: Budgeting, Personal Finances, Savings

Being prepared for a financial crisis or hiccup can take time. Building up your emergency fund isn’t something you can do overnight, but working at it day by day or month by month is an easy way to become prepared without seeing a huge decrease in your funds. But how much is enough? We’re here to let you know!

Financial Planning 101

Posted on June 7, 2021

Categories: Budgeting, Financial Education, Personal Finances, Savings

Nerdwallet states, “A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.” But where do you start? We’re here to help give you the basics of financial planning so you can begin bettering your financial...

Spring Clean Your Finances

Posted on June 1, 2021

Categories: Budgeting, Personal Finances, Savings, Seasonal

With the new seasons come a new energy and attitude which we want to take full advantage of! Over the last year and this winter, it’s been easy to get into a financial rut or overspend on subscriptions which is why it's time to purge your finances. Keep reading to see our top tips to help you spring clean your finances!

Spring Savings Guide

Posted on May 25, 2021

Categories: Budgeting, Personal Finances, Savings, Seasonal

Spring is the perfect season for fresh starts, personal growth and positive changes. This season, along with the loads of spring cleaning and organizing, consider making your finances a priority. A great first step is to read through this practical spring savings guide to saving money!

How Can I Lower My Monthly Bills?

Posted on May 4, 2021

Categories: Budgeting, Personal Finances, Savings

It’s the question that every household asks. What can I do to cut my monthly costs? And it’s a great question! No one wants to spend unnecessary money when there are mouths to feed and basketball uniforms to pay for. While you can tighten the budget by setting strict guidelines for yourself, your experts here at Fairfax State Savings Bank have a few more realistic ways to lower monthly bills.