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...

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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...

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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...

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“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...

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Be In Charge of Your Credit Cards

Posted in Managing Your Money, Peoples Bank News

Ever noticed how some people seem to manage their credit cards better than others? Perhaps that’s because managing credit cards starts before you even open the credit account. Any purchase that is made with a credit card is a loan. It must be repaid. And as with any loan, the payment terms are very important considerations. As important as it is to use credit cards wisely, it is very important to choose a credit card that meets your needs...

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Pay Yourself

Posted 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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