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Avoid Thieves in Lender Clothing

Posted in Featured, Peoples Bank News, Peoples Progress e-Newsletter

Don’t think that because someone is offering you a loan that person isn’t working to steal what you have! The FDIC warned that some thieves pose as lenders in order to get sensitive personal information. In Beware of Thieves Who Target Loan and Credit Card Shoppers, the FDIC’s Consumer News last Fall suggested 3 precautions: Deal only with reputable lenders. Be extra cautious of promotions made via the Internet or Phone. Be...

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Handling Market Volatility

Posted in Featured, Financial Planning, Investing, Peoples Bank News, Peoples Progress e-Newsletter

Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there’s no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help. Don’t put your eggs all in one basket Diversifying your investment portfolio is one of the key tools for trying to manage market...

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How to Prepare for Buying a Home

Posted in Featured, Home Loan Insights, Mortgage, Peoples Progress e-Newsletter

Many people try to buy a home backwards, a frustrating and unsatisfactory problem for all parties. It makes us sad when we see it happen. What do we mean by buying a home “backwards”? People who start home shopping before researching their loan options, learning what they can really afford, and uncovering all the costs associated with home-buying process. For the inexperienced buyer, going into a home purchase ill-prepared is certain to lead to...

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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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Common Factors Affecting Retirement Income

Posted in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter

When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision. Investment risk Different types of investments carry with...

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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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