5 Things to Ask Yourself Before Expanding Your Business

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It’s a pivotal moment in an entrepreneur’s journey when they get the itch to expand their empire. Your business is fully off the ground! Pat yourself on the back for a job well done, then pump your breaks! Ask yourself a few questions before taking the plunge toward expansion. There are quite a few things that need to be carefully and objectively examined to make expansion successful.

Are you clear about why you’re expanding? Continue reading “5 Things to Ask Yourself Before Expanding Your Business”

How to Create a Personal Budget You Can Live With

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Learning how to make your finances work for you should be a priority for everyone. If you’re reading this you probably care about your finances. At Litchfield Bancorp, we feel so strongly about helping you make your money work for you, that we put together some key points to assist with creating your very own budget. Use your discretion and be honest with yourself about your spending habits as you read. Continue reading “How to Create a Personal Budget You Can Live With”

Beware of these Wire Transfer Red Flags

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We’ve all gotten the email from a long-lost relative, or poor soul in a foreign country who is in dire need of funds ASAP asking you to wire money.  This is just one example of Wire Transfer Fraud but cyber criminals are getting craftier and bolder.  On the rise are emails and phone calls from individuals disguised as “trusted people” from banks, credit card companies, and government institutions such as the I.R.S. Continue reading “Beware of these Wire Transfer Red Flags”

Tips for Buying a Fixer-upper Home

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It takes willpower and a budget to invest in a fixer-upper home. You have to see the potential, weigh the pros and cons and see the project through to the end. Knowing when to buy and how to flip, can make a stressful project a breeze. How can you tell if a house is a gem worth saving? If you’ve got a DIY mindset, some patience and a few coins to spend, here are some considerations to make when you’re thinking of buying a rehab home. Continue reading “Tips for Buying a Fixer-upper Home”