Tag: Save Money
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How to Create and Build a Financial Emergency Fund
Posted On: August 4, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
Saving for a rainy day is a common theme this year, as many people have experienced Coronavirus-related financial strains. An emergency fund is a financial buffer that will keep you afloat in a time of unexpected expenses or a halt in your income. The main purpose of an emergency income is to help people avoid overusing credit cards or taking out additional loans–usually at high interest rates. Some of these unexpected expenses might include: Medical expenses Appliance repair...
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How saving for a vacation can be a valuable budgeting lesson for your kiddos
Posted On: February 28, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
When it comes to creating your budget for the year, a vacation allowance is not typically considered an important expense. But maybe it should be, especially if you have little ones in your household. Planning and saving for a vacation is a great way not only to create life-long memories but also give your children the tools to learn how to create a budget and instill saving at a young age. Where do you start? The most important lesson you can teach your children is conceptualizing money and...
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IRAs: The Basics
Posted On: April 4, 2019 by Falcon National Bank in: Invest your Money | Investment Banking
An individual retirement account (IRA) allows you to save money for retirement in a tax-friendly way. Most people don’t start thinking about retirement until they’re close to that age. It’s hard to imagine saving for retirement when you’re just trying to get by. Between student loan debt and the cost of living, most Millennials don’t have the luxury to plan for retirement. However, if you are not saving for retirement now, you are missing out on major opportunities to...
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How to Start and Keep Business Finances Straight
Posted On: March 20, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Some business owners knew they wanted to pursue an entrepreneur career path from the get-go. They attended business school, have advanced degrees, and are very familiar with how business finance works. Other business owners are naturally savvy when it comes to finance. They have a great idea, product, or company, but are well-versed in the business world. Unfortunately, self-employment isn’t for the faint of heart and the learning curve isn’t very large. However, there are a few things...
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How to Pick a Business Checking Account
Posted On: March 7, 2019 by Falcon National Bank in: Manage your Business | Business Banking
You might be starting out on a new business venture or it might just be time to adjust your banking expectations. Either way, if you haven’t done some research, choosing the right bank account for your business can be, well, risky business. It’s important to make sure your bank and your business account are optimized for your specific needs. Here are some things to keep in mind: Find a bank that offers the services that are important to you and your business. Perhaps low minimum balances...
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What are your Financial New Year's Resolutions?
Posted On: January 2, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
New year, new me. It’s almost time to push the reset button. Eating better, getting more exercise and other self-care resolutions top the list, but not far behind is financial wellness. Saving money has made the top 5 in almost all polls. Financial-focused resolutions live among the most popular people set for themselves before the new year rolls around. Changing our behavior and the way we operate can be tough, but it doesn't have to be. We have some ideas to help jumpstart...
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