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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Beware, ‘tis the season

Posted 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 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 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 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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