In many families, there may be the need to have multiple bank accounts to manage the flow of all financial activity. With multiple checking and savings accounts, everyone in the family should consider what type of account is right for them. For instance, keeping all of your money in just one account may cause you to miss out on benefits …
At Titonka Savings Bank we understand that adding to your family may not only be an emotional decision but a financial one as well. With the growing costs of childcare alone, it’s important to have a well-rounded plan for covering the expenses of your expanding household. In order to plan most effectively, we recommend structuring your budgeting into these three stages: …
A lot has changed over the years, in the ways childhood days are spent, but summer jobs and making a little cash hasn’t changed that much. The tried-and-true lemonade stand is a great way for younger kids to make a little money, and it’s relatively simple for mom and dad, too. Setting up a folding table at the end of …
The word “Budget” is like the word “Diet”. For a lot of people, the word instantly evokes a feeling of dread and the idea of being deprived of something you want. But in fact, budgeting can mean just the opposite! By tracking your spending and making intentional financial choices, you might get just what you want! Budgeting does not have …
You hear a lot about your credit score. Is it good enough to get a car loan? A mortgage? Does checking your score make it go down? The commercials on tv make it sound like it’s hard to get a good credit score, and they make you worry that you’ll never own a car or a house! They also make …
Let’s say you have credit card bills, medical bills, and a car loan. Your monthly minimum payments don’t seem to be making a dent in the money you owe. Then you hear a commercial on late-night tv about debt consolidation, and you wonder if that’s the answer? First, let’s look at the definition of debt consolidation. It’s combining your bills …
We love our children and only want the best for them which means giving them the tools and skills necessary to be successful in life. Teaching them about money at all ages is crucial for them to have an understanding of their personal finances as an adult. Here are different lessons to teach at different age levels! Pre-School and Kindergarten …
