Saving

Home>Saving

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.

Leaving a Job with a 401(K)

2020-10-30T20:24:20+00:00October 30th, 2020|

When you leave a job with a 401(k), you’ll generally have four options for what to do with the money. Each has its own benefits and drawbacks, so deciding what’s right for you will depend on your situation and preferences. Leave the Money in Your Old Account If you have more than $5,000 in

Saving With A Purpose

2020-10-28T19:38:48+00:00October 28th, 2020|

Coach: Saving With a Purpose HOW IT WORKS Saving with a purpose is the secret to making your goals a reality. This Coach session will help you set concrete savings goals and show you how much you need to save every month to reach them. To begin the Coach session, select Get Started. Next, follow along,

Simplify Your Christmas Shopping in 5 Easy Steps

2020-09-18T17:47:47+00:00October 5th, 2020|

Earlier this month, I stopped into a local store to get some back to school supplies for my children, and quickly discovered several aisles of Christmas décor and gift ideas. It seems that the countdown to Christmas arrives sooner every year. While I love Christmas, taking the time to slow down to savor that

Vacation Affordability Calculator

2020-09-15T11:32:42+00:00September 15th, 2020|

Calculator: Can I Afford a Vacation? HOW IT WORKS You’ve got all the details and are ready to make your dream vacation a reality. Make sure your wallet can handle the trip before you hit the road (proverbial or otherwise). First, enter your estimated costs for accommodations, travel expenses, transportation, and activities. Then, tell us how

  • Black stethoscope close-up on top of Dollar banknotes side view

Coach: Make the Most of Your HSA or FSA

2020-08-06T17:04:53+00:00August 6th, 2020|

Coach: Make the Most of Your HSA or FSA HOW IT WORKS Both an FSA and HSA lower your taxable income while providing a way for you to pay for health care costs, but they're not quite the same. This Coach will provide information on both types of accounts, guide you through estimating your health care

  • Young woman preparing clothes for baby

Coach: The Cost of Baby’s First Year

2020-08-06T14:16:28+00:00August 6th, 2020|

Adding a baby to the family is exciting and expensive. Discover how much you’ll need to add to your monthly budget when a baby comes along, and see your one-time expenses based on your preferences. How It Works To start this Coach session, select “Start Here.” A feed will appear; follow along and

  • graphic with bills and money shown

Is The Money In My Account Safe?

2020-08-05T21:03:02+00:00August 5th, 2020|

Keeping money safe is important to everyone. Thanks to the FDIC, First Southern National Bank is a safe place to store your hard-earned cash. The best part? All you have to do is open an account. FDIC and NCUA There are two organizations, both backed by the United States government, that insure your money

  • 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

  • money jar on fire with hand putting money in

When Times Get Tough

2020-07-01T21:18:29+00:00July 1st, 2020|

Whether you want to get ahead and prepare or find help in the midst of an emergency, there are ways to shore up your financial situation. HOW TO PREPARE When emergencies and unexpected situations strike, it’s important to be prepared and make wise decisions. While tough times can vary, from a

  • Elderly retired couple reading their social media news on a laptop computer in a fresh white kitchen as they enjoy a relaxing retirement

Meet Your 401(k)

2020-08-10T18:03:51+00:00July 1st, 2020|

If you’re lucky enough to be introduced to a 401(k), you’ll make a friend for life. Even if you’re just starting your first real job—actually, especially if you’re just starting your first real job—it’s time to start thinking about retiring. That’s not a comment on how motivated or unmotivated you are, or a

  • stock analysing on white printed paper yellow pencil and black calculator

Money Market Accounts

2020-07-01T15:00:37+00:00July 1st, 2020|

There are many options for keeping your money safe and earning a little extra from interest. Like a savings account or CD, a money market account (MMA) is a way to earn interest on money that you deposit at a bank or credit union. A Happy Medium An MMA could be seen as

  • Graphic with bills

Reducing Your Food Bill

2020-08-07T19:17:17+00:00June 29th, 2020|

Buying food is essential, of course, but if you’re not careful, it can also eat into your budget. Reevaluating Costs Reducing your food bill starts by creating a budget. In order to make a change, you need to know what you’re currently spending and set a goal. Once you know how much you

Load More Posts
Go to Top