Save $1,000 (or more) this year

Posted on Jan 18, 2018 in Featured, Managing Your Money, Money Tips, Personal Financial Insights |

There are several ways to build a savings account. A popular one is the 52-week challenge. The way it works is you save $1 the first week, $2 the second week, $3 the third week, and so on for 52 weeks. We like this because it starts small to get you started. A variation of the 52-week challenge is an ingenious chart we found at MediumSizedFamily.com that gives you a little more control – just pick an amount that you can save that week and...

Read More

Start 2018 with these budgeting tips

Posted on Jan 3, 2018 in Featured, Managing Your Money, Personal Financial Insights |

If your New Years resolution is to save money, start with a budget that you can live with that includes saving some of your income every month. It sounds simple, right? Tracking your monthly spending, then making a plan to stay within that budget can be an overwhelming task for some people. We suggest starting small. First, look at your after-tax income. Don’t include income you can’t be sure to receive, such as periodic bonuses or...

Read More

America Saves Week Feb 27, 2017

Posted on Feb 21, 2017 in Managing Your Money, Money Tips, Peoples Bank News, Personal Financial Insights |

A lot of people in America have a name for their biggest single paycheck: “Tax Refund.” Tax refunds often help families move up the economic ladder when they use it to pay down debt, help purchase necessities, or increase disposable income (savings). On the flip side, tax refunds can have minimal impact when used to purchase things that have little value, or worse, have no value. Peoples Bank wants you to be economically stable. We want you to...

Read More

Our favorite financial podcasts: Money Smart

Posted on Mar 3, 2016 in Featured, Managing Your Money, Peoples Bank News |

For those you of you who learn better by listening than reading, we have a great resource to share from the FDIC, the “Money Smart” Podcast Network. The brief podcasts are presented like the old radio programs with multiple voices and sound effects to keep listeners engaged, but the content is spot-on and is especially helpful for parents who could use some help explaining important concepts such as checkbook balancing. They are...

Read More

Get Fiscally Fit for 2016

Posted on Jan 4, 2016 in Featured, Managing Your Money, Peoples Bank News |

It seems like everybody is getting into a fitness routine. Maybe you know some who are spending a lot of money, as well as time, on their physical health. We think that financial health is just as important and provide some helpful tips to get (and stay) fiscally fit. Perhaps the greatest way to improve your financial health is to develop a good plan, have the right tools and make both of those things work together for a time. Financial experts...

Read More

Tips for Teaching Young People About Money

Posted on Nov 5, 2015 in Featured, Managing Your Money, Money Tips, Peoples Progress e-Newsletter |

Young people need all the help they can get to survive economically. One of the most important lessons of all is how to make money work. Good money management skills, when taught clearly and by good example, can set a person on a solid road to the future. Here are some helpful tips to support that worthwhile endeavor. Talk about money management often. Discuss with your child not only what you’re doing with money at home, but why you do it that...

Read More