Category: Budgeting

Tips to Reduce Financial Stress – From Panic to Plan

If you are feeling overwhelmed and losing sleep at night because of your finances, you are not alone. There are many factors that can contribute to financial stress such as: kids, marriage, debt, pregnancy, job status and physical health.  According to the American Psychological Association’s 2015 survey, 64% of stress is attributed to money. If

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Dreamin’ of Summer- Saving for Your Next Vacation

The monotony of the day to day can get you down in the season of cold and gray. However, that beach on your screensaver doesn’t have to be an esteemed fantasy if you are ready to take some action. You can turn your ideal vacation into a reality by starting to save and plan that

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Grocery Boot Camp – Shopping Healthy on a Budget for Two

Buying groceries, healthy eating and budgeting are three challenging tasks that many people struggle conquering altogether.  Whether you and your partner have been together many years or are just starting out, we have some great tips for you both to win the war on grocery shopping. Consider us your sergeant by following this simple training

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4 Ways You Can Budget With an Irregular Income

If you work sales, freelance or are self-employed, you have a major issue to contend with when it comes to personal budgeting—an unpredictable income. While this can make it hard to plan your monthly spending, it’s not completely impossible. Today, Timberwood Bank would like to offer you these tips to budgeting on an irregular income:

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Habits of People Who Live Debt-Free

If you’re an adult living in America, chances are you’re living with debt. According to Pew Charitable Trusts, roughly 80% of American adults are in financial debt. You can see how it happens, between student loan payments, mortgage payments, car payments and credit card use, it’s easy to get yourself into debt and it can

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Organizing Your Finances for the Holiday Rush

The holidays are a time where we surround ourselves with family, friends and the people we love most. Whether you’re staying close to home or traveling across the country, the holiday season means you’ll be eating good food and spending plenty of time shopping. And while all that food may mean your clothes fit a

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Top Five Savings Hacks

We all could stand to save a little more money. Whether it’s for an upcoming purchase, a rainy day fund or an emergency fund, saving money is a skill that benefits you throughout your life. It’s not easy to save, but Timberwood Bank has some hacks that you can implement right away to start developing

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When to SAVE and When to SPLURGE

When you and your sweetheart set your budget each month, there are a variety of factors at play. Where can you get the best deals on groceries? How many date nights will you have each week? Do the kids have any sporting activities that require new equipment? At Timberwood Bank we recognize that everyone’s budget

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How to Create Better Habits

If you’re like us, starting a new diet, or working to exercise more often is more difficult than we initially planned. The same is true with many financial goals you may have. Saving for retirement, eliminating credit card debt, increasing your credit score; these are all things that take time and dedication to complete, but

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