Identifying Phishers, Scammers and the “Alleged Debt Collectors”

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Hackers and scammers have honed their craft to the level that even the savviest become victims.  From spoofed email accounts from well-known banks and credit card institutions alerting individuals their account has been compromised to robo-phone dialers with local numbers who appear to know quite a bit about you – the situation with ID theft and social engineering is only going to get worse.

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4 things to check when hiring new employees

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With the unemployment rate at an all-time low and more jobs available than qualified people, hiring managers are having a hard time filling open positions with qualified candidates. With the use of Applicant Tracking Systems (ATS), employers can use technology to weed through hundreds, sometimes thousands of applications to try to find the best candidates in the quickest and easiest way. Continue reading “4 things to check when hiring new employees”

5 Home Repairs you should NEVER do yourself

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In the era of DIY home repair and upgrades, it’s not surprising that homeowners are tackling more and more projects outside of their comfort zone. Not only do they save money (hopefully) but they learn new skills along the way. While there is a long list of home repairs that can easily be tackled by your average homeowner, some complicated tasks should be left to the professionals. Faulty work could lead to bigger problems, safety issues, and your home not being up to the current building code – in addition to costing you more money in the long run. Continue reading “5 Home Repairs you should NEVER do yourself”

Fall maintenance tips to keep your home in tip top shape

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Fall is the perfect time to give your home and yard a little TLC before Old Man Winter moves back in! We’ve compiled a simple, and easy DIY checklist that will make your Winter more pleasant and hopefully prevent any surprises from popping up! Even if you choose to hire a repair person to tackle these To-Do’s it’s still a good investment and can save you from potential headaches down the road – and some big expenses. Continue reading “Fall maintenance tips to keep your home in tip top shape”

How to plan a wedding on a budget

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It’s one of the most memorable days of your life, and for some, one of the most expensive (student loans and mortgages aside!) – it’s your wedding day! From the proposal up until the Big Day, it’s a lot of planning and celebrating and making sure your wedding day is just as magical as you’d envision since you were 5 years old. But at 5 years old, you had NO IDEA how expensive it all was. So, how can you have an amazing wedding without starting your marriage ten of thousands of dollars in debt? Easy – a wedding budget. Continue reading “How to plan a wedding on a budget”

Card limits and why you can’t spend all your money whenever you want to

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Everyone knows that credit cards come with a credit limit, the maximum amount of money you can charge on the card. However, what’s not as widely known, is that credit card issuers don’t intend for you to max out your credit card by charging up to the credit limit. As you come closer to your credit limit, it can start to have negative effects on your credit score.  Love it or not, much depends on the almighty credit score – from buying a home to getting a good rate on insurance and even employment for some professions. Continue reading “Card limits and why you can’t spend all your money whenever you want to”

Your Credit Score – Why you should be checking it often before applying for credit

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If you are like most people, you typically don’t think about your credit score until you are getting ready to apply for credit. But more and more places are using your credit background to determine if you are an ideal and responsible candidate. Employers, landlords, and even insurance companies are now using your credit score to qualify you. On many levels, you are defined by your credit score – like it or not! Continue reading “Your Credit Score – Why you should be checking it often before applying for credit”

Emergency funds and how much is enough for your family

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Emergency fund, rainy day fund, whatever you call it, it’s important to know how much money you should have set aside in case something unexpected happens. While it may be somewhat of a moving target – the golden rule has always been to have at least 3 to 6 months’ worth of expenses saved up – 6 months especially if you have a family. Continue reading “Emergency funds and how much is enough for your family”

The Lay-a-way You Control – Our Christmas Club!

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Tis the holiday season and as we embrace the holiday spirit it’s very easy to get stressed out not only trying to find the perfect gift for everyone on your list, but also figuring out how to pay for it without blowing your budget to pieces! We’ve all heard of stores like Wal-Mart, Target, and Toys R Us who allow customers to use Lay-a-way system ( a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance) at Litchfield Bancorp we have a Lay-A-Way for savings,  our Club Account or Christmas Club as we like to call it! Continue reading “The Lay-a-way You Control – Our Christmas Club!”

Credit cards – can you have too many?

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If your mailbox looks anything like mine, you probably get a few different credit card offers each week. Some boast a 0% APR, some have a rewards program, and others offer 0% balance transfers. But how do you know what credit card is best, and is there such a thing as having too many cards? Continue reading “Credit cards – can you have too many?”