Financial Literacy is Key to Effective Money Management for Teens
Posted On: April 28, 2022 by Farmers Trust & Savings Bank in:
Former Federal Reserve Chairman Alan Greenspan once stated, “Financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions.”
At Farmers Bank we understand the importance of helping our community’s youth build a strong financial foundation so that they better understand basic concepts like budgeting, simple interest, and establishing and...
Celebrate National Small Business Week for a Chance to Win!*
Posted On: April 27, 2022 by Farmers Trust & Savings Bank in:
Tag us in a selfie while at a small business during the week and your name will be entered to
win $100 Chamber Bucks!*Steps to Enter: Visit a local business between May 2-7, 2022 Take a selfie within the business Tag @FarmersBankSpencer on Facebook and Make sure to use hashtag #FarmersBankSpencer in your post text
Rules
*1....
Offers 7 Tips to Eliminate Debt Faster
Posted On: April 19, 2022 by Farmers Trust & Savings Bank in: Budgeting
Consider using these tips to take control of your finances
One key ingredient to saving more money is to eliminate debt. Below are seven tips on how to pay down debt faster.
Use tax refund — A new year brings a new tax season. If you are expecting to receive a tax refund in 2022, consider putting all or a portion of that refund toward a debt you want to eliminate this year. Put salary increases toward debt — If you receive a salary increase in 2022, use...
4 Reasons to Compare Lenders When Shopping for a Home Loan
Posted On: April 15, 2022 by Farmers Trust & Savings Bank in: Home Ownership
Author: Rita Hoffman, VP Real Estate Loan Officer
A new home purchase season is upon us, and as a homebuyer you may be eager to find your first or forever home. Make sure you have the help of a trusted lender who can help make your experience a smooth one!
With the excitement of home ownership, the last thing you want to do is have to read all the fine print or learn the “mortgage lingo”. But here are reasons why you should!
Not all loans and loan providers...
Why prequalify? Four advantages that could make the difference in getting the home you want!
Posted On: April 5, 2022 by Farmers Trust & Savings Bank in:
Author: LeAnne Hamrick, Real Estate Loan Officer
There are many benefits to getting prequalified when purchasing a home in today’s home buying market. Getting prequalified means, you have completed a loan application with a mortgage lender, and they have evaluated your income, liabilities, and credit report to help determine what you can afford. Plus, being prequalified could give you the extra advantage to get your dream home before...
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Categories: Budgeting, Money Management