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.

What Auto Loan Can I Afford?

2021-11-04T15:17:26+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

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

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

2021-09-09T22:00:27+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

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

Repairing Credit

2021-06-11T01:16:34+00:00April 16th, 2021|

Coach: Repairing Credit HOW IT WORKS Not sure where to begin repairing a less-than-ideal credit score? In this Coach session, get ideas for repairing your credit score in the short- and long-term and create an actionable list. To begin, select Get Started. Follow the prompts, answer the questions, and provide information when asked.

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

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