class="archive paged category category-managing-your-money category-9 custom-background paged-2 category-paged-2 et_includes_sidebar"

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...

Read More

FDIC insurance coverage may exceed $250,000 per account

Posted in Managing Your Money, Peoples Bank News

A big reason to keep your deposits at a recognized bank is the deposit insurance offered by the Federal Deposit Insurance Corporation (FDIC). Most of you reading this are too young to remember the pain that people felt when their deposits disappeared along with their bank during the Great Depression that occurred about 90 years ago. But the government felt the pain, not just the depositors, which is why the FDIC exists, and why you don’t have...

Read More

Your credit report—get it free and regularly

Posted in Managing Your Money, Peoples Bank News

You probably know that the information contained in your credit report is critically important. And you probably also know that you are entitled to a free copy of your report. Here’s how to get a copy, and what you need to know about the process. The US government says that citizens can request a free credit report from each of the “big three” credit reporting companies once a year. That means that you can get up to three free...

Read More

Money Problems Got You Down? Channel that feeling.

Posted in Managing Your Money, Money Tips, Peoples Bank News

This time of year a lot of people are looking at their credit card statements and their bank balance, and wishing, “Oh if only I did a better job of managing my money!” And by “a lot of people” we mean just about everybody under the age of 50. We’ve all been there. Some have even solved the problem, and in the spirit of helping everybody manage their money better, Peoples Bank will post some tips and links in a new...

Read More

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

Posted 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...

Read More

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

Posted 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...

Read More