Borrowing only works if you can afford it. Here’s how to borrow smart.

Posted on Jan 19, 2015 in Building Blocks, Managing Your Money |

Borrowing money makes sense only when you can afford it. Getting a large sum of money is often necessary to purchase a car, fund a college education, purchase a home or expand a business. But your credit history, cash management skills and other factors are used to determine if you can afford to repay that loan. So be careful to build up a history of financial responsibility. Here are some tips to keep your credit history strong, and help prove...

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“Spending Wisely” isn’t just a slogan. You gotta do it. Here’s how.

Posted on Nov 14, 2014 in Building Blocks, Managing Your Money, Peoples Bank News, Spending Tips |

“Economy does not lie in sparing money, but in spending it wisely.” Wise people will tell you that Thomas Henry Huxley had that much right, anyway. Spending wisely is a critical part of financial success. But how does one actually go about “spending wisely”? Money is a useful instrument, a tool. Like any tool, the better you use it, the more effective it is. To spend money wisely, spend it according to a plan. Think about what you need and what...

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The Simple 3 Factors of Financial Protection

Posted on Sep 2, 2014 in Building Blocks, Financial Planning, Online Security |

We have published thousands of words online and on paper to help protect your information. It’s too much to remember all at once, so here are the 3 fundamentals in 100-words or less. The Big 3 Fundamentals of Financial Protection Keep your financial records in order Watch out for fraud and scams (there are a LOT of them out there) Be insured (at the bank, and at home) That’s it. The details can be found at the links below. | Protect...

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Pay Yourself

Posted on May 27, 2014 in Building Blocks, Investing, Managing Your Money |

The actor Michael Caine is quoted as saying “Save your money. You will need twice as much in your old age as you think.” His advice rings true. The cost of things are rising rapidly, often to suit Wall Street (pun intended), and one shouldn’t expect that to stop. It’s out of our hands. However, there are two means to overcome the problem of escalating prices that you can do something about: save your money, and make it work harder by investing...

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Stay Financially Healthy by Understanding Your Earnings

Posted on Apr 10, 2014 in Building Blocks, Managing Your Money |

Just about everybody has made the mistake of overestimating the money they think they have coming in. And then you learn the secret: there are costs that reduce your “take home pay”. Knowing what they are and when they kick-in can save you lots of headache. To make the most of what you earn, you need to really understand your pay and benefits. It’s not enough to simply know what you get paid; you need to know about the fine print and details of...

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