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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.

Student Loan Early Payoff Calculator

2021-11-04T15:42:51+00:00November 4th, 2021|

Student Loan Payoff Calculator HOW IT WORKS By adding just a bit to your monthly student loan payment, you can greatly reduce the time it takes to pay off the loan as well as lessen the amount you pay in interest. This calculator will demonstrate how much time and money you can save by adding a certain amount

Emergency Fund Calculator

2021-11-04T14:39:12+00:00November 4th, 2021|

Emergency Fund Calculator HOW IT WORKS An emergency fund can be used to pay for essential expenses and propel you through a tough time. It should cover your take home pay for at least three months, but ideally six. This calculator shows you how much you need to save each month to reach your emergency fund savings goal.

Inflation Calculator

2021-11-04T13:27:20+00:00November 4th, 2021|

Inflation Calculator HOW IT WORKS Inflation measures the rate of rising prices in an economy. Contributing factors include an increase in the cost to produce goods or an increase in the demand for goods or services. No matter the reason, inflation is typical and the Fed has an inflation target of approximately 2% (this helps a healthy

What is Inflation?

2021-11-04T13:25:13+00:00November 4th, 2021|

Inflation measures how much prices rise over time. When prices rise, the value of a dollar falls and your purchasing power goes down. What is Inflation? The price of goods and services—stuff you buy—isn’t constant; prices change over time. When prices go up, that’s inflation. During moments of inflation, it takes more money

Finding financial success in your 20s

2021-09-24T17:10:22+00:00September 24th, 2021|

Many young adults in their early 20s are experiencing financial independence for the first time. You are beginning to receive larger paychecks that you can spend however you want. Yet, this financial independence is coupled with newfound responsibility. While a large paycheck can seem exciting, once rent, food, gas, insurance and other necessary

The Upside of Frugality

2021-09-09T22:00:27+00:00September 9th, 2021|

Frugal living discussions often talk about pinching pennies or “stretching a dollar.” A penny saved is a penny earned, or so the saying goes, but is that actually the case? What if that penny saved could end up being much more over time? Turns out, living frugally can save you way more than

College Budget Breakdown

2021-07-27T19:37:21+00:00July 27th, 2021|

"How much does college cost?" It’s not to say this question isn’t answerable, but grouping college into one huge expense can be a little deceiving. The cost of a degree is so much more than a singular bill—especially if you factor in questions like where you’ll be living, how you’ll get from point

What a Car Loan Costs

2021-07-26T20:45:19+00:00May 12th, 2021|

When shopping for a car, it's usually best to start by shopping for a car loan. WHAT A CAR LOAN COSTS When you’re shopping for a car loan, remember that what it costs you to borrow depends on three things: The finance charge expressed as an annual percentage rate (APR) The term,

Personal Bankruptcy

2021-06-08T19:25:15+00:00April 16th, 2021|

Bankruptcy is a tool that can help you find financial stability—as a last resort. Understanding Bankruptcy Congress created the Bankruptcy Code, a breakdown of ways a debtor can plan to get out of debt when their creditors are trying to collect. The option to file for personal bankruptcy is there to help a

Personal Loan Calculator

2021-04-16T01:56:30+00:00April 16th, 2021|

Coach: Personal Loan Calculator HOW IT WORKS Ultimately, you can reduce how much you pay toward your personal loan, if you calculate the right amount of money to pay each month. This calculator will help you see how long it will take to pay off your personal loan using your loan’s interest rate and the amount owed.First, enter

The Cost of a Wedding

2021-06-03T21:03:58+00:00April 16th, 2021|

Coach: The Cost of a Wedding HOW IT WORKS Successfully planning a wedding within your budget is challenging but rewarding. This Coach offers assistance in estimating wedding costs specific to you and your partner’s wedding plans. It’s designed to help you get a head start on deciding where, when, and how you’ll be hosting your event. To

Repairing Credit

2021-06-11T01:16:34+00:00April 16th, 2021|

Coach: Repairing Credit HOW IT WORKS Not sure where to begin repairing a less-than-ideal credit score? In this Coach session, get ideas for repairing your credit score in the short- and long-term and create an actionable list. To begin, select Get Started. Follow the prompts, answer the questions, and provide information when asked.

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