Preparing a Personal Balance Sheet

Posted in Financial Planning, Managing Your Money, Personal Financial Insights

Taking control of your financial future is a process. And, as with any process, it is important to monitor your progress. One of the best ways for an individual to measure financial progress is to periodically prepare a personal balance sheet. The personal balance sheet shown below can be printed and used as a basis for your periodic progress measurements. It is broken into three parts to help you better understand your investments, your total...

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Start 2018 with these budgeting tips

Posted in 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...

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America Saves Week Feb 27, 2017

Posted 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...

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Our favorite financial podcasts: Money Smart

Posted 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...

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Get Fiscally Fit for 2016

Posted 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...

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