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.

How Do I Build Credit?

2021-04-16T01:35:20+00:00April 16th, 2021|

Coach: How Do I Build Credit? HOW IT WORKS A good credit score has a major impact on your finances, so it’s important to start out strong. In this Coach session, learn how to build a credit score for the first time or boost an already decent score, and create a plan with options that work for

Financial Wellness Assessment

2021-04-15T21:45:50+00:00April 15th, 2021|

Coach: Financial Wellness Assessment HOW IT WORKS The Financial Wellness Assessment lets you take a step back, analyze your spending, budgeting, and saving habits so you can reflect on how you’re currently managing personal finances. This assessment addresses your individual financial decisions and goals before giving you recommendations on where you can improve and how to get

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.

Five Questions You Should Be Able To Answer About Credit

2020-10-29T15:30:35+00:00October 29th, 2020|

Thankfully we don't walk around with our credit scores shown above our heads, but the ability to answer these questions about your credit score is extremely important. Experian recently released their 11th annual State of Credit report, which provides a comprehensive look at consumers' credit performance across America by highlighting credit scores and

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Coach: Navigating Debt Collections

2020-08-07T19:07:48+00:00August 7th, 2020|

Coach: Navigating Debt Collections HOW IT WORKS Being contacted by a debt collector is scary but not an uncommon situation. The good news is that you have options and there are things you can do to improve your situation. This Coach session will walk you through the most important information that you need to know and

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Interest

2020-08-07T19:04:25+00:00August 7th, 2020|

Interest plays a role in almost all aspects of personal finance, including savings, investing, credit, and loans. Simply put, interest is the money earned or paid when someone makes or receives a loan. You can be paid interest for keeping money in a bank account, purchasing a bond, or making other investments. You

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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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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

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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.

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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

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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

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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

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