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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.

How to save money on summer vacation

2023-06-29T00:46:18+00:00May 21st, 2023|

How to save money on summer vacation Summer is a time of fun and adventure, but it can also be a time of significant expense, especially when it comes to planning a family vacation. The good news is that with a little bit of planning and creativity, it is possible to enjoy a

Retirement Planning

2023-05-01T16:04:58+00:00May 8th, 2023|

How to ensure you're on track for a comfortable future. Retirement is a phase of life that many look forward to. It's a time when you can relax, travel, pursue hobbies, or spend more time with loved ones without the burden of a full-time job. However, you must have a solid plan to

Understanding Your Credit Score

2023-03-31T17:46:25+00:00April 14th, 2023|

Understanding Your Credit Score Your credit score is a crucial factor that lenders, credit card companies, and other financial institutions use to evaluate your creditworthiness. A high credit score can make securing loans, credit cards, and other financial products easier at lower interest rates. All these numbers can be confusing; let us explain

What Auto Loan Can I Afford?

2023-09-20T16:32:18+00:00November 4th, 2021|

Coach: What Auto Loan Can I Afford? HOW IT WORKS You need a car, but how much can you actually afford? This Coach starts by walking you through a doable monthly payment, based on your income and expenses, then shows you a purchase price range that fits your budget. You’ll learn more about auto loans and

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

2023-09-15T17:44:03+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

The Upside of Frugality

2023-09-20T16:48:58+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

Teach your kids to be life-long savers

2021-05-11T15:27:02+00:00April 21st, 2021|

The idea of saving isn’t always as tangible as putting money in a piggy bank or opening up a youth savings account, especially for kids. In celebration of Earth Day, here are 5 lessons for your kids that pair saving and conservation. 1. Turn off the water. Teach them to turn off

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

  • 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

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