You know the old adage that money doesn’t grow on trees: We can’t just pluck a few bills off the branches and spend frivolously, knowing more cash will grow right back. For most of us, money is a limited resource that takes us effort to earn. Once we earn it, it can take us even more effort to save it. So if you’ve been seeking answers to the question, “How much money should I have saved?” the response depends heavily on how old you are and what you’re saving for.
Parents and guardians want the best for their children, and in today’s world, the best often means some sort of higher education. While the cost of higher education can drastically vary, based on whether the child earns scholarships, goes for a two-year or a four-year degree, studies in their home state or elsewhere, or pursues postgraduate degrees, education can be a big investment. Many parents are left wondering how to save for a child’s education. One fail-safe suggestion for saving for college is to start early. How you choose to save is up to you.
Posted in: child, college, for, invest, savings
Wedding costs can vary depending on the location and the type of the wedding you plan, and more and more, couples are paying for a significant portion of their wedding, if not the whole event. Even if you try to be frugal, a wedding is often a big expense. The right banking partner can help you come up with ideas for how to save for a wedding.
Posted in: loan, savings, wedding
Going to college is an exciting time. For many young adults, it’s their first taste of independence, and with that comes an opportunity to build a foundation for their financial future. To help them start strong, we’ve outlined information on the best bank accounts for students and financial tips for college students.
Posted in: budgeting, finances, student
Opening a savings account can help you take control of your finances. You can use your account to save for a large purchase or to set up an emergency fund. Emergency funds can help you weather unforeseen occurrences. The common guideline is to save up to three to six months of your common expenses to take on any challenges that come your way. As you explore where to open a savings account, consider the following questions.
Posted in: account, balance, banking, fees, minimum, money, monthly, online, saving, savings
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