Tips for Teaching Young People About Money

Posted on Nov 5, 2015 in Featured, Managing Your Money, Money Tips, Peoples Progress e-Newsletter | Comments Off on Tips for Teaching Young People About Money

Tips for Teaching Young People About Money

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 way. Let them see you make financial decisions, and even contribute their thoughts to the process....

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Common Factors Affecting Retirement Income

Posted on Nov 5, 2015 in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Common Factors Affecting Retirement Income

Common Factors Affecting Retirement Income

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 them different risks. Sound retirement income planning involves understanding these risks and how they...

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Save money for more fun with these vacation money saving tips!

Posted on Aug 6, 2015 in Featured, Managing Your Money, Money Tips, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Save money for more fun with these vacation money saving tips!

Save money for more fun with these vacation money saving tips!

Most of us could use help finding a way to spend less on having family fun. Here’s a helpful roundup of the best vacation money saving tips we could find. 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...

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Planning for Incapacity

Posted on Aug 6, 2015 in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Planning for Incapacity

Planning for Incapacity

What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or otherwise conduct your affairs. Unless you’re prepared, incapacity could devastate your family, exhaust your savings, and undermine your financial, tax, and estate planning strategies. Planning ahead can ensure that your health-care wishes will be carried out, and...

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