Category
Category: Savings
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FAQs about IRAs
Posted on November 27, 2018
Categories: Budgeting, General, Retirement, Savings
An IRA is an individual retirement account that is used as a tool for people to earn and earmark funds for retirement savings. Retirement may seem far away, but the earlier you start the save, the better off you’ll be! These accounts can hold more money than any other type of retirement account. You have flexibility when choosing investments and minimizing taxes, which means an IRA can play a huge role in how prepared you are for retirement. With that said, many people don’t fully...
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Creative Ways to Save While on a Budget
Posted on November 27, 2018
Categories: Budgeting, General, Savings
We’ve all heard the tips about not eating out, cutting cable and canceling that gym membership you never use. However, that leaves us wondering what other crafty ways can we think of to save? Fairfax State Savings Bank offers a few creative ideas on how you can keep money in your wallet while on a budget.
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Holiday Hacks for Saving Money
Posted on November 27, 2018
Categories: Budgeting, General, Savings, Seasonal
Shopping for the holiday season can get pretty expensive - especially with gifts for the whole family and hosting traditional holiday parties. Luckily, this holiday season we are offering you 5 top-notch money saving hacks so you save more than you spend!
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Holiday Savings Plan
Posted on October 18, 2018
Categories: Budgeting, General, Personal Finances, Savings, Seasonal
The holidays are among us, but have you put together a savings plan? With all of the expenses hitting you at once, it’s important to have a plan of action. With the below tips and tricks, we believe you can keep your holiday shopping merry and bright.
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5 Fun Money Challenges to Try
Posted on October 18, 2018
Categories: Budgeting, General, Personal Finances, Savings
Finding different ways to save can be tough, however, we want to encourage you to stay on track and jumpstart your finances. With these fun money challenges, you can push yourself to become the savvy saver we know you can be!
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Retirement Savings Made Easy
Posted on October 18, 2018
Categories: Budgeting, General, Retirement, Savings
When you are in the early stage of your career, there’s usually lots of bills that add up. Things such as rent, student loans or car insurance can truly wipe out your bank account. We want to make sure you avoid excess financial stress, which is why we’re offering four simple strategies on how to start saving early for retirement.
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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...
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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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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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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!