Banzai!

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.

To Buy or Not to Buy?

2021-11-10T16:49:21+00:00November 10th, 2021|

They say there’s no place like home, but does that mean you have to purchase one to get the benefits? Just like everything else, buying a home has its pros and cons. Pros of Buying a Home Fulfilling a DreamThere’s a reason buying a home is considered a major part of the American Dream. It’s

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

Rule of 72 Calculator

2021-11-04T14:56:20+00:00November 4th, 2021|

Rule of 72 Calculator HOW IT WORKS The Rule of 72 predicts how long an investment will take to double based on a fixed annual interest rate. The rule is this: 72 divided by the interest rate number equals the number of years for the investment to double in size. For example, if the interest rate is 12%,

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.

Simple vs. Compound Interest Calculator

2021-11-04T14:27:39+00:00November 4th, 2021|

Simple Interest vs Compound Interest You want to earn as much interest as possible on your savings but not pay more than you have to when you borrow. One of the biggest factors in both is whether you’re accruing simple or compound interest. Simple Interest: Calculated annually on the amount you deposit or owe. Compound Interest: Interest earned

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

Out of Work

2021-08-23T21:20:44+00:00August 23rd, 2021|

Coach: Out of Work HOW IT WORKS When you're out of work, it’s natural to feel unsure of what to do next. This Coach walks you through potential impacts to your budget, insurance, retirement funds, and more, and explores your options for dealing with lost benefits and finding a new job. You’ll finish with a custom

Child Tax Calculator

2021-07-12T18:12:58+00:00July 12th, 2021|

Calculator: Child Tax Calculator HOW IT WORKS This calculator will help you estimate the amount of your 2021 Child Tax Credit. Half of is available in the form of monthly advanced payments, the other half will be included in your 2021 tax return. The IRS will use your 2020 tax information(or 2019, if applicable) to determine

  • Woman buying the car.

Auto Financing Calculator

2021-04-16T02:01:48+00:00April 16th, 2021|

Low Rate vs. Cash Back Auto Financing Calculator HOW IT WORKS When buying a car, you may be faced with either a cash-back incentive or a lower interest rate. This calculator outlines the total amount you’ll pay with either option, comparing total savings.Enter the price, down payment, loan term, and interest rate (not the low offer rate) for

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

Refinancing Loans

2021-04-15T21:32:50+00:00April 15th, 2021|

Making payments on a loan with suboptimal terms can make you feel trapped. Sometimes refinancing can help you find more suitable terms for the loan. Essentially, refinancing replaces an old loan with a new one with terms that are better for your situation. But it’s not all fanfare and applause—there are tradeoffs associated with refinancing.

Know your health insurance options

2021-04-06T16:12:10+00:00April 6th, 2021|

Health insurance can help you pay for planned and unexpected medical expenses that you and your family encounter. It's important to know the different options available to you. Most health insurance plans cover the cost of doctor and hospital visits, and some also cover dentist visits, physical therapy and alternative care.   Health

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