Budgeting

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First Southern National Bank has partnered with Banzai to bring you clear, in-depth lessons to help you dive into the financial topics you care most about.

Vacation Affordability Calculator

2020-09-15T11:32:42+00:00September 15th, 2020|

Calculator: Can I Afford a Vacation? HOW IT WORKS You’ve got all the details and are ready to make your dream vacation a reality. Make sure your wallet can handle the trip before you hit the road (proverbial or otherwise). First, enter your estimated costs for accommodations, travel expenses, transportation, and activities. Then, tell us how

  • Monthly budget planning

Coach: Trim Your Budget

2020-08-24T18:33:41+00:00August 7th, 2020|

Coach: Trim Your Budget HOW IT WORKS Reducing your monthly expenses is a surefire way to keep more money in your pocket, but getting started is easier said than done. This Coach walks you through your current spending one category at a time and gives you ideas for cutting costs. As you create new spending goals,

  • Young woman preparing clothes for baby

Coach: The Cost of Baby’s First Year

2020-08-06T14:16:28+00:00August 6th, 2020|

Adding a baby to the family is exciting and expensive. Discover how much you’ll need to add to your monthly budget when a baby comes along, and see your one-time expenses based on your preferences. How It Works To start this Coach session, select “Start Here.” A feed will appear; follow along and

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Early Withdrawals From Retirement Savings

2020-08-05T20:38:04+00:00August 5th, 2020|

Whether you find yourself laid off from work, facing a medical emergency, or confronted with a situation that you’re financially unprepared for, it may be tempting to withdraw from retirement savings—but there are penalties and consequences you need to consider before doing so. Early Withdrawal Penalties There are serious consequences to accessing your

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Tracking Your Joint Expenses

2020-08-05T20:51:31+00:00August 5th, 2020|

When you share your life with a partner, you're sharing your finances too. It can be awkward, but it's possible to make good decisions together. Tracking Your Joint Expenses It’s hard enough keeping track of your own expenses. So you shouldn’t be surprised that managing money as a team effort can test your

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When Times Get Tough

2020-07-01T21:18:29+00:00July 1st, 2020|

Whether you want to get ahead and prepare or find help in the midst of an emergency, there are ways to shore up your financial situation. HOW TO PREPARE When emergencies and unexpected situations strike, it’s important to be prepared and make wise decisions. While tough times can vary, from a

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Reducing Your Food Bill

2020-08-07T19:17:17+00:00June 29th, 2020|

Buying food is essential, of course, but if you’re not careful, it can also eat into your budget. Reevaluating Costs Reducing your food bill starts by creating a budget. In order to make a change, you need to know what you’re currently spending and set a goal. Once you know how much you

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Income and Expenses

2020-06-30T18:49:21+00:00April 17th, 2020|

People spend money. But many people don't know how to track how much they're spending or how to prioritize it. Income and Expenses Making and spending money is a part of everyday financial life. Managing your money successfully relies on figuring out your income and expenses. This boils down to how much

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Emergency Funds

2020-06-30T19:22:10+00:00March 31st, 2020|

One of the most effective tools for preventing a large-scale financial disaster is an emergency fund, an amount of money that is set aside to cover unexpected expenses, or to keep you afloat if no regular income is coming in. Even if you have a great handle on your finances, unexpected challenges can

  • retirement map

Critical Retirement Choices

2020-08-10T18:12:08+00:00March 26th, 2020|

You’ll have the answers you need down the road if you ask the right questions now. The idea of retiring isn't new. People who grew too old or too ill stopped working and stayed home long before pensions and Social Security. But as people live longer, the retirement experience takes on a different

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Debit Cards

2020-06-30T19:26:03+00:00March 26th, 2020|

Cards are a convenient way to pay, and it pays to know the details of how debit cards work. Debit cards are one of the most common forms of payment. In fact, according to Bankrate, 63% of people between 18 and 29 don’t bother with cash, checks, or a credit card, preferring to

  • Young woman preparing clothes for baby

Preparing For A Baby

2020-06-30T19:24:25+00:00March 25th, 2020|

Are you adding a child to your family? Congrats! Whether it be through birth or adoption, parenthood is very fulfilling for many people. As with any major life change, if you have a better grasp of the financial requirements and tasks, you can be better prepared for what's ahead. Plan Plan

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