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Concept of the Month: Pay Yourself First

Patricia Wells Bank, General Leave a Comment

What does Pay Yourself First Mean? Pay Yourself First means that any time you receive money, you should immediately set aside a portion to save.  Why should you Pay Yourself First? Once you deposit money into your savings account it is safer, and you’re less likely to spend it than if you keep it with you. When you save at ...
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Concept of the Month: Investment Info and Stock Market IQ

Patricia Wells Bank, General Leave a Comment

Have you ever wondered what the stock market is and how it works? When people buy stock, they actually buy a small portion of a company (like Mattel, Kellogg’s, Nintendo, Disney or Apple), and when they perform well, the stock becomes more valuable. When companies do poorly, however, stock value declines. When you sell a stock whose value has increased, ...
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Concept of the Month: 10 Important $ Rules

Patricia Wells Bank, General Leave a Comment

Good money management skills can be developed at an early age! As a young adult, you can master money management by closely following these ten financial rules. 1. Money spent must never exceed available income. 2. Save part of all the money you receive. 3. Put your money to work earning interest. 4. Avoid borrowing because interest charges are added ...
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Concept of the Month: Wanna Be a Millionaire?

Patricia Wells Bank, General Leave a Comment

The best way to accumulate wealth is to start NOW! Save your money, get a summer job, invent something the world can't live without, or start your own business. Here are some savvy summer job ideas to get you started: CLEANING SERVICES: Washing windows, washing and waxing cars and boats, cleaning pools, cleaning aquariums, cleaning garages, cleaning small shops and ...
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Compound Interest: How Your Money can Work for You!

Owen Lennon Bank Leave a Comment

“Time is money” is a familiar expression. When it comes to saving, a plan where you start with less money early will often have greater ultimate value than saving larger sums later. The additional time matters because of compounded interest, a concept that is known as the time value of money. One of the best financial habits you can form …

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Welcome New Board Members!

Janet Redwine Bank, General Leave a Comment

Young Americans Bank and Center for Financial Education are honored to welcome six new Board Members this year to help lead our organization.  Their experience and passion are such an asset to both institutions, and they are already hard at work providing guidance, support, and oversight.  Meet all six Board Members below!   Chris Becze, Armanino As Tax Partner at Armanino, …