Monthly Archives: March 2016

Online Banking Made Easy

eStatementsTechnology is a constantly evolving medium, and we’re continuing to grow with it! At Timberwood Bank we offer a variety of digital tools for our customers. Take a look and discover a new way to manage your finances through our online technology!

Online Banking: Conveniently access all your banking accounts through our secure online portal. Not only does this give you a quick and easy way to manage your finances but it’s also where you can view a complete account history, transfer funds, and more!

Mobile Banking: Enjoy all the perks of online banking from the comfort of your mobile device. This easy mobile tool allows you to keep up on your finances while you’re away or during your busy day.

Online Bill Pay: Tired of writing checks for your monthly expenses? With our Online Bill Pay you can schedule recurring payments and take the hassle out of paying your monthly expenses. Go through our easy setup process and you can start paying bills directly from your Online Banking account!

Online Loan Applications: You can now apply for a home loan online, from anywhere!  Simply visit our mortgage page on our website and follow the easy step-by-step process.

E-Statements: Make a difference and go green with our E-statements at Timberwood Bank. Not only are you helping the environment, but our E-Statements offer a quicker, simpler process to obtain your monthly statements.

Text Banking: Utilize our quick and easy text messaging service to receive account balances and recent history. Any phone with texting (SMS) capabilities can be used with our Text Banking.

Here at Timberwood Bank it’s all about YOU, our customers! We love the ease and simplicity these products offer for the everyday financial tasks. We would love to help you find the best product solution for your individual needs!

Say “I Do” to Post-Honeymoon Finances

Post Honeymoon Finances

After tying the knot, finances can be a tricky subject, but they are an absolutely necessary discussion. As Dave Ramsey says, “If you can talk about money, you can talk about anything.” Getting your finances put together takes some decision making, but here are some basic guidelines to get you started courtesy of Timberwood Bank.

Be transparent with one another.

Begin the conversation with sharing each of your individual financial states, and the goals you have for where you want to be in the coming years. Once everything is out on the table you are able to dissect the differences between your finances and discover any areas that perhaps you differ on. If one of you has debt and the other does not, then you are able to build a plan to first eliminate your now joint debt. By being open with one another you can communicate more efficiently and work toward the goals you each share.

Evaluate your account setup.

In today’s world the words “joint checking” don’t always apply. While most common among married spouses with children, a joint checking account can provide a larger sum for paying expenses and saving toward goals. Additionally, spouses today are also utilizing a combination of joint and separate accounts to maintain relative independence and have access to personal spending funds. Some couples choose to select separate accounts for all their financial means, paying bills fifty-fifty or perhaps every other. Whichever account scenario you choose, ensure that you and your spouse are on the same page, establishing ground rules and acceptable spending habits.

Make a plan and stick to it.

At least once a month set aside time in your day to discuss finances with your spouse. This helps alleviate any financial tension should any money situations arise. By openly discussing successes and failures in your household finances on a regular basis you maintain a level of security in seeing where you finances stand in conjuncture with your goals each and every month. To be successful with your finances, you and your spouse must create and maintain a household budget. When creating your monthly budget remember to factor in costs for any loan installments, debt repayment, monthly expenses, and joint or separate savings. By evaluating your budget during your monthly finance discussions you can track you progress and adjust the budget if needed to better reach your joint financial goals.

By utilizing these simple tips you will begin the path to financial security and grow in your monetary capabilities. As Ramsey says, “Marriage is a partnership, and couples can’t win with money unless they’re doing the budget as a team.”

Spring Into Spring

Spring Into Spring

Shake off colder temps, for spring has sprung! Squeeze the most out of this blooming season with these warmer weather activities to help you unthaw:

  1. Declutter your closet. To make it more open and airy, purge your wardrobe of all the clothes you didn’t wear over the winter. Donate the castoffs and make room for summer essentials.
  2. Try your hand at Frisbee golf. Running around on a grassy course soaking up the fresh air. Frisbee golf is the perfect cure to your winter blues. Grab some friends and some discs and you’re in business!
  3. Road trip to a bizarre local attraction. If famous landmarks like the World’s Largest Cheeto or Ice Cream Capital of the World are just an hour or two away, why not seize the day? Hop in your car, roll down your windows, and take a mini road trip to visit a nearby town’s pride and joy.
  4. Visit a greenhouse. Waiting until the summer to start your garden limits your options. Stretch your growing season by visiting a greenhouse, where you’ll find new plants, flowers, and produce seedlings to add to your bounty.
  5. Go mushroom hunting. Morel mushrooms grow all across the United States and sprout in the spring, making them a seasonal delicacy. Never gone hunting before? It’s easy!
  6. Get together for a grill fest. Dust off and light up your grill to celebrate warmer temperatures with friends and family. Challenge each guest to bring a dish designed for the grill so that every part of the meal – meat, veg, fruit, and dessert – is prepared outdoors.
  7. Catch a sunrise. With coffee and cocoa in tow, head to a nearby park or nature reserve to catch the sun as it rises over budding trees and new wildlife. Go all-out cooking up a delicious breakfast spread after the main event.
  8. Hit up flea markets and garage sales. One man’s trash is another man’s weekend discovery. As your neighbors spring clean, snap up items from the ridiculous to the sublime.
  9. Wash the cars. There’s something innately satisfying about watching months-worth of dust and sludge slide off a now-sparkling vehicle. Involve the whole family in the scrubbing and splashing, and reward them with ice cream at a local parlor afterwards.
  10. Get dirty. Whether it’s planting flowers, embarking on a DIY landscaping project, or simply sinking your hands and feet into gooey mud, nothing screams spring quite like dirt-streaked clothes. Embrace the mess!

Adventure is out there – go grab it! Be sure to share your favorite spring activity on our Facebook page and show us your favorite spring activity!

 

Daily Inspiration: Miracle on Ice

Miracle On Ice

Sometimes there are stories so inspiring they give you chills, make you want to go out and accomplish something spectacular simply because you now know the impossible can occur. In the financial realm of 2016 we believe anything is possible, and if you dream it, we want to help you achieve it.  So today if you’re a little short on motivation, enjoy this tale of the incredible feat by the 1980 U.S. Olympic Hockey Team, known as the Miracle on Ice.

In the summer of 1979 U.S. hockey coach Herb Brooks held auditions for the 1980 U.S. Winter Olympic Hockey Team. With a final roster of 20 young men, averaging an age of 21, the U.S. had its youngest team in history. Brooks decided to retain only one player from the prior Olympic team, Buzz Schnieder. Brooks knew that the U.S. was to be considered an underdog, and during the exhibition games he insisted the players learn a more European style of play to build strength and cohesiveness. In their final exhibition game on February 9, the U.S. played their future opponent, the Soviet Union National Team. They lost in an agonizing defeat of 10-3.

Once the Olympic Games began, the Soviet team paved their way to the top, scoring large leads against the majority of their opponents. During their first game, the U.S. team tied Sweden with a 2-2 game, pushing both teams forward. After several close games, the U.S. found themselves in the semi-finals playing against the Soviet Union National Team, which had defeated them less than two weeks prior.

In the first period of the game, the Soviets managed to sink a puck and gain the first lead. The U.S. managed to gain a goal, keeping toe-to-toe with the Soviets after another goal, eventually ending the period in a 2-2 tie with a last second goal by the U.S. In the second period the Soviets again took the lead gaining one culminating goal. After only eight minutes in the final period, the U.S. found its momentum. Through an incredible power play the U.S. earned a goal, and then another only minutes later. The Soviets began to panic, yet Brooks kept his players calm. He continued to keep the U.S. on offense making several other attempts on goal, repeating to his players, “Play your game! Play your game!”

As the seconds of the final period counted down, the sportscaster for ABC, Al Michaels joined in, famously saying, “Do you believe in miracles?! YES!!!!” When the final buzzer rang the field house was filled with exclamations from the U.S. fans as the players stormed the ice, cementing the moment as one of the best sports moments in the 20th Century.

After the game, sports anchor Jim McKay shared a comparison of the game as a group of Canadian college football players defeating the Pittsburgh Steelers.

Against all odds and predictions, the 1980 U.S. Winter Olympic hockey became a real life David and Goliath, knocking down the Soviet Union National Team and making hockey history. The U.S. later went on to defeat Finland in the finals to gain the gold medal.

Anything is possible if you plan and work to achieve your goals. We are happy to share this incredible tale to inspire you to reach for the stars. Share you financial aspirations with us, and we will work to help you do what perhaps you never thought was possible.