Category: Personal Savings

Money Responsibility 101: Family Edition

family

Financial responsibility starts in the home. If it’s not something you were taught as a child, it can be difficult to model it in the home as an adult. The good news is, it’s not too late to start! Here’s what you need to know to kick your household into gear.  Do It Together The

Read the full article »

Make Your 2020 Savings Goals A Reality

piggy-bank

The new year is full of hope and imagination for the future. It can be challenging for anyone to stick with these goals, especially financial ones. We’re happy to tell you that there is a way to make these goals a reality by sticking to these wise practices. Be Realistic In order to make your

Read the full article »

How To Save On Your Taxes

calculator

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

Read the full article »

Graduation Is Coming – Have You Been Saving?

piggy-bank

It’s never too early to save for college. Some parents start college funds even before their kids are born. If you have yet to jump on the savings train, it’s not too late to get serious about saving while in high school. The average cost of in-state tuition is around $10,000. Every dollar that you

Read the full article »

Top 5 Ways to Save Money Fast

piggy-bank

While it’s not a good idea to go after any “get rich quick” schemes, there are some ways that you can quickly get more money than you have had on a typical month. The secret is to be cautious with your spending. This is obviously easier said than done, but it’s a way to “make”

Read the full article »

How Do I Pay Off My Debt?

papers

Extreme amounts of debt can weigh heavy on your shoulders. It has been found that extreme amounts of debt are linked to higher rates of suicide and depression. This is why it’s so important to have an understanding of good debt vs. bad debt and how you can go about paying back your debt efficiently. 

Read the full article »

4 Ways to Make Adulting Less Difficult Financially

adulting

Even if you don’t want to admit it, you’re an adult. Some parts of adulthood are fun and exciting, while others are not. Part of being an adult is to become financially independent and embrace some of the less adventurous tasks. We’re here today to help give you four simple ways you can make adulting

Read the full article »

How to Create a Family Budget

family-budget

As your family grows, so will your budget – but where do you even begin when trying to make one? With all the demands of taking care of your family, it may be hard to find time to make a budget…and stick to it. However, you’ll be ecstatic once you start seeing your hard work

Read the full article »

Best Ways to Create a Money Goal for 2020

money-goals

With just a little work, you can map out your financial goals for the upcoming year. With money, it can seem overwhelming or tricky to know where to begin. Luckily, Timberwood Bank is here to help! We’ve come up with some of our favorite ways you can create your money goal for 2020. Figure Out

Read the full article »