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...

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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...

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Beware, ‘tis the season

Posted on Dec 2, 2016 in Featured, In the News, Money Tips, Peoples Bank News |

The 2016 Holiday season is near. That time when marketers assault your financial discipline with the emotional equivalent of an Armored Military Division. Prepare now to protect both yourself and those you love with these helpful holiday spending tips for surviving the threat to your financial well-being. Knowing the risk is the first step The holidays are set apart from the norm with the music, decorations, smells and “holiday...

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Tips for Saving Money (even if you don’t have a lot)

Posted on Nov 10, 2016 in Featured, Money Tips, Peoples Progress e-Newsletter, Personal Financial Insights |

These days, with interest rates at historic lows, the good news is that loans are more affordable than when rates were higher. The bad news is that saving money to create wealth takes more thought and effort. Because of the Rule of 72, simply putting some money in a savings account used to be an effective strategy. Back when deposit interest rates were 4%, interest alone would double your initial deposit in just 18 years. Now, with rates near...

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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...

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Save money for more fun with these vacation money saving tips!

Posted on Aug 6, 2015 in Featured, Managing Your Money, Money Tips, Peoples Bank News, Peoples Progress e-Newsletter |

  For decades, families all over the world have done two things to help save money for vacation: set aside a little each month in a special account, and collect all their pocket change in a jar during the year. You would be surprised how much you can save in just a few months or a year. Another age-old technique is to round up a coupon book. The Visitors’ Center in most destinations offer a trove of discounts for hotels, restaurants and...

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