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Teach your kids about saving money Money management is a complicated subject even adults have trouble mastering. So, it’s understandable that the prospect of teaching your kids about money might not be your favorite parental to-do. Start simply with a simple savings account to teach your kids the fundamentals of saving money. Setup an Account Speak with a Personal Banker who will walk you and your child through the process of opening a savings account or certificate of deposit. Seeing their name on the account will provide your child with a sense of ownership over their money and incentivize...

Tax season is upon us. While everyone’s financial situation is different, there are some basic guidelines to get you started. File Electronically This is the quickest way to get your tax refund. There are many online platforms that make filing your taxes safe and easy. You’ll need your account number and your bank routing number for a direct deposit. Personal Information The Internal Revenue Service (IRS) will need to know who is filing and who is covered under your tax return. Be sure to have your social security number and date of birth ready for you and other members in your household...

Protect your most important valuables We all have things that we want to keep safe. While we all hope that our homes are an ideal place for that, sometimes it’s a good idea to keep important items in another location. That’s where safe deposit boxes come in handy. What Are Safe Deposit Boxes? We work to keep the money of our accountholders safe, but certain locations offer the opportunity for you to rent a safe deposit box. You can ask a Personal Banker for more information about where your institution offers space for your valuables. While many things in our lives are digital, these storage...

Practices that reduce your spending and save you money The steps mentioned below are designed to help you create a financial plan and provide access to helpful resources during these times. Create a Budget Making and sticking to a budget is key to handling money and financial planning during tough times. It helps you to get a handle on debt and spending. Until you get a realistic picture of how much money you’re bringing in and where it’s going, it’s difficult to know whether you’ll have enough left over to put away. Getting started can be the hardest part, especially if your finances feel out...

Easy Financial Education Exercises For Your Kids Putting your children on the path to making good financial decisions is one of the best ways to set them up for success later in life. It is never too early, or too late, to teach them the value of money and how to save for a rainy day. Below are some suggestions to help get you started. Teach Them to Budget An allowance can be a great first step in showing your kids how to manage money. Practice makes perfect, after all. If they blow their allowance on a new toy and don't have enough left to get ice cream, that can actually a good thing. This...