If you have a teenager who doesn’t quite understand how important good financial habits are, it’s time to teach them! Giving your child the building blocks on saving, budgeting and understanding debt will help make them responsible adults. Here’s some financial literacy 101 for your teenager. Bank Accounts Explaining the different types of bank accounts to your child
During 2021, we want everyone to focus on a few ways to enhance their life and habits. Financially, you are always able to make a change for the better and increase your savings. Heartland Bank offers helpful tips to break these five bad financial habits this year. 1. Impulse Buying When you see an item you think you need to
Whether you’re a current college student or have graduated and are ready to get rid of your debt, there’s no better time than now to start paying off your loans. It’s not an easy job, but the feeling and relief of being debt-free is unlike any other. Keep reading to learn the five steps to take towards getting rid of your student loans. 1. Pay more than the minimum No matter how small the amount of added
Saving money doesn’t have to be complicated – there are habits to incorporate into your daily routine that will save you money in the long run. These tips are simple and easy to start but also very effective. It’s time to take control of your finances and make some healthy changes! 1. Pay with cash Using a credit card for everyday purchases can be tempting and often lead to impulse
While retirement might sound lifetimes away, it sneaks up faster than you think. Many people wonder when to start saving for retirement, how to start, how much money they’ll need and more. We’ll answer those common retirement questions in this blog, so keep reading to find out more. When to Start The time is now! If you are earning paychecks, start saving for retirement as soon as you can. The sooner the better,
Whether you’ve had children head off to college in the past or this is your first child to do so, these financial tips are a great refresher for everyone. College students are known to live off of very little money, but there are ways to change that. Going into college with a financial plan will help your child avoid worrying about money while in school and can lower the amount of debt he or she might have in the future. Talk
High school years are often tricky when it comes to money. Your teenager might have a part-time job, but how can they start using that money wisely and investing in their future? Keep reading to find out how you can guide your child towards smart financial decisions. Open a savings account and don’t touch it!
Whether you’re getting married in the coming years or just recently said “I Do,” this exciting time of your life comes with things to think about and discuss. How you manage money will change and be adjusted once you get married, so planning it out beforehand is a must. Here are some tips for you and your partner to
1. The Importance of Saving The easiest way to encourage your kids to save money is by getting them a piggy bank. Go to the store and let them pick out a piggy bank they love, and they’ll soon find that keeping their money is enjoyable. Encouraging them to put their earnings in their piggy bank will teach
Are you kicking yourself for how you handled last year’s taxes? You can feel better about next year by learning a little bit about tax savings now. Consider Donations Not only is donating to charity a great way to give back to the community, but it is also a smart way to have a tax
