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Archive - February 2021

5 Ways to Teach Kids How to Save at Home

5 Ways to Teach Kids How to Save at Home

Posted On: February 26, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

It's America Saves week - and we're looking at a taboo topic: talking about money as a family.

Do you want to instill a positive mindset around saving in your kids? Start them young! The earlier you have a positive mindset around saving, the easier it is to save successfully as an adult.

Have older kids? Don't worry! It's never too late to start. Start with the small things they can do around the house that will contribute to saving as a family.  Read More

Tags: America Saves Week, Saving as a Family, Savings, Teach Kids to Save, Tips & Tricks

Paying Down Debt

Paying Down Debt is Saving

Posted On: February 25, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

It's America Saves Week and our friends at America Saves firmly believe that paying down debit is saving and so do we!

By reducing debt you're saving on interest, late fees, and maintaining/increasing your credit score.

Read More on how with planning and support almost anyone can reduce their debts and start to accumulate wealth through saving.

Read More

Tags: America Saves Week, Debt, Debt Management, Paying Down Debt, Reduce Debt

Saving for Retirement

Questions to Ask When Saving for Retirement

Posted On: February 24, 2021 by First Option Bank in: Financial Wellness, General, News, Tips & Tricks

During America Saves week we're looking at tips on how to save for retirement.

Even if you're contributing to your 401K, TSP or IRA - have you asked yourself all the right questions to ensure you're saving ENOUGH for retirement?

What type of lifestyle do I want to live when I retire? Is what I'm contributing toward my retirement enough to support how I want to live in retirement? What is my complete retirement plan? Should I be saving enough for myself...
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Tags: America Saves Week, Retirement, Saving for Retirement, Savings

Emergency Fund

38 Reasons You Need At Least a $500 Emergency Fund

Posted On: February 23, 2021 by First Option Bank in: Banking, Financial Wellness, General, News, Tips & Tricks

During America Saves Week we're taking a look at why you need an emergency fund.

Recently the Federal reserve noted that almost half of Americans don't have $400 cash available in an emergency fund. 

As our country continues to recover from the health and financial crisis, there are many other reasons to ensure that you save for the unexpected, both big and small.

Click Here to see all 38 reasons why you need at least $500 in Savings on...

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Tags: America Saves Week, Emergency Fund, Emergency Savings

Save Automatically

What's the Easiest Way to Save?

Posted On: February 22, 2021 by First Option Bank in: Banking, Community Commitment, Financial Wellness, News, Tips & Tricks

During America Saves Week we're taking a look at "What's the Easiest Way To Save"?

The answer...Automatically!

Saving Automatically is the easiest and most effective way to save - especially over time. There are three basic strategies you can use, when saving automatically.

Split to Save: Instruct your employer to direct a certain amount from your paycheck and transfer it to a retirement or savings account. Y Auto-Transfer: Every payday, have your...
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Tags: America Saves Week, Save Automatically

Market Insights with Mike

Market Insights with Mike | February 19, 2021

Posted On: February 19, 2021 by First Option Bank in: Investment Services

 

Tags: First Option Financial Services, Market, Market Insights, Market Insights with Mike, Market Update, Mike McCauley

Emergency Savings

Building an Emergency Savings

Posted On: February 16, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

It’s important to make sure you’re prepared for unexpected situations that may arise in life. Learn more about how you can build a savings account dedicated to dealing with emergency circumstances, such as injuries, illnesses, or repairs for cars and appliances. This sequence will cover: What types of emergencies you might need to save for How to develop a savings strategy Resources to help you in your planning CLICK HERE To Learn More
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Tags: Emergency Savings, Financial Wellness, Savings, Tips & Tricks

Market Insights with Mike

Market Insights with Mike | February 12, 2021

Posted On: February 12, 2021 by First Option Bank in: Investment Services

 

Tags: First Option Financial Services, Investments, Market Insights, Market Insights with Mike, Market Update, Mike McCauley

Savings Account

Tips for Finding the Best Savings Account for You

Posted On: February 10, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

Choosing a savings account can be simple enough, but with a little extra research you can make an informed decision to help you maximize your money! To learn more about using savings accounts to reach your financial goals, check out our insights around: Different types of savings vehicles How interest, fees, and account terms can affect your savings Savings strategies that align with your personal financial goals CLICK HERE To Learn More
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Tags: Financial Wellness, Saving, Savings Account, Tips & Tricks

Market Insights with Mike | February 5, 2021

Market Insights with Mike | February 5, 2021

Posted On: February 5, 2021 by First Option Bank in: Investment Services

 

Tags: First Option Financial Services, Investments, Market Insights, Market Insights with Mike, Market Update, Mike McCauley

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