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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

2024-01-12T18:08:56+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

2024-01-12T18:09:43+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

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

What is Inflation?

2024-01-12T18:12:55+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

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

5 Steps To Start Your Savings Journey

2021-02-22T18:17:19+00:00February 22nd, 2021|

We get it. Saving money is hard. With small steps, you can make big changes towards your savings journey. 1. COMMIT TO ESTABLISHING EMERGENCY SAVINGS Unexpected expenses and emergencies can sabotage your financial goals, so that is why it is crucial to build an emergency fund. Set a goal of saving $500 for

Leaving a Job with a 401(K)

2024-01-02T21:45:21+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

Simplify Your Christmas Shopping in 5 Easy Steps

2021-09-02T14:58:08+00:00October 5th, 2020|

It seems that the countdown to Christmas arrives sooner every year. Taking the time to slow down to savor Christmas and focus on the true meaning of this special time of year is easier when you feel prepared. Many people would agree that one of their favorite parts about Christmas is when friends and

Coach: Make the Most of Your HSA or FSA

2024-01-05T14:03:55+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

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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

  • money jar on fire with hand putting money in

When Times Get Tough

2024-01-12T18:20:19+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)

2024-01-02T21:46:27+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

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