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.

  • broken piggy bank

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

  • graphic of mailbox

When You Can’t Afford Your Minimum Payments

2020-07-01T18:41:30+00:00July 1st, 2020|

If you’ve found yourself unable to make minimum payments, you have options to help improve your situation. It’s scary to find yourself in a situation where you can’t afford your monthly debt payments. Whether that’s due to a sudden life change, like a job loss or illness, or if you’ve simply found yourself

  • graphic with bills and money shown

Reasons to Refinance

2020-07-01T18:29:46+00:00July 1st, 2020|

Refinancing can be beneficial if everything lines up in your favor. What can you get out of it? The list is long and exciting for someone stuck with loan payments that they aren’t happy with. Lower Interest Rate One of the most powerful outcomes of refinancing a loan is a lower interest rate.

  • graphic of diploma with tablet showing student loan

Repaying Student Loans

2020-07-01T14:42:09+00:00July 1st, 2020|

More than half of all college graduates have used student loans to pay tuition and other costs. So if the lingering bill for your education makes you a little nervous, you may find some comfort in the fact that you're not alone in facing a major debt. If the money you borrowed came

  • line graphic of house and calculator

The Cost of a Mortgage

2020-06-30T21:04:19+00:00June 30th, 2020|

Since monthly payments spread the cost of a mortgage loan over an extended period, it’s easy to forget the total expense. For example, if you borrow $200,000 for 30 years at 6% interest, your total repayment will be around $431,680, more than two times the original loan. What seems like minor differences in the interest rate can add

  • Home mortgage business concept

Which Mortgage is Right For You?

2020-06-30T18:55:31+00:00April 1st, 2020|

Not all mortgages are the same, and it's important to understand the benefits and disadvantages of each mortgage type before purchasing a home. This activity will explain each mortgage type individually and provide pros and cons for each one. Use the dropdown arrow to select the mortgage you'd like to learn about. Disclaimer

  • credit score

Credit Scores

2020-06-30T19:22:36+00:00March 31st, 2020|

Even if you're financially responsible, life's unpredictable nature can sometimes catch you off guard, at times making it dangerously easy to fall into debt. Your credit score, also called a FICO score, is an actual number, between 300 and 850. The higher the number, the better: a score of 740 to 799 is

  • man tied down by debt

Managing Debt

2020-06-30T19:26:18+00:00March 24th, 2020|

Even if you're financially responsible, life's unpredictable nature can sometimes catch you off guard, at times making it dangerously easy to fall into debt. Dealing with situations beyond your control, such as a serious illness or an unexpected job loss, is difficult for anyone. But it can be especially tough if you're single or have sole responsibility

  • family sitting at their table

Coach: Get Out of Debt

2020-06-30T19:28:54+00:00March 17th, 2020|

Coach: Get Out of Debt HOW IT WORKS Managing debt is the best way to find financial freedom. This Coach session will provide useful strategies to manage your personal debt situation and create a plan to payoff your debts using the debt snowball or avalanche methods. To begin the Coach session, select Get Started. Next, follow along,

  • Woman buying the car.

Getting a Car

2020-06-30T19:28:42+00:00March 16th, 2020|

When looking for a new car, you have three main options: buy used, buy new, or lease. There are pros and cons to each method. Your choice will be based on various financial considerations, driving habits, and personal preference. Used Buying a used car is appealing to many people. Used cars

  • illustration of man riding a ball and chain of debt

Debt Payoff Calculator

2020-06-30T19:30:28+00:00March 13th, 2020|

Debt Payoff Calculator HOW IT WORKS Most everyone would prefer to live debt-free, and by adding to your monthly payment toward debt, you can become debt-free quickly and save money on interest. This calculator will show you how long it will take to pay off a loan and how much interest will accrue over the length of the loan.

  • abstract car graphics

Auto Loan Payoff Calculator

2020-06-30T19:31:30+00:00March 13th, 2020|

Auto Loan Payoff Calculator HOW IT WORKS The price of your vehicle, down payment you make, length of the loan, and interest rate are all factors that determine how much you'll pay for your car. Adding a bit more to your payments each month can help you pay off your car loan sooner and, ultimately, save you

Go to Top