Finance tips every 18 year old should know

Subscribe To Our Blog

Do you ever wish you could go back in time and make different financial decisions? Some of the worst financial decisions are made when we are young and just starting to manage our own money and bills. At 18, you get that first taste of freedom, you can get your own credit card, open your own bank accounts without a parent, and even get a loan for a car on your own. But, making the wrong choices this early in the financial game, can set you back and affect your credit for years to come.

Continue reading “Finance tips every 18 year old should know”

What is a Cash Mob and Why do we do Them?

Subscribe To Our Blog

Perhaps you’ve heard some buzz lately around Litchfield Bancorp’s Community Cash Mobs, but you weren’t quite sure what they are and why we do them. As part of our Locally Owned, Locally Grown campaign to help support local businesses and the communities in which we serve, we launched our Cash Mobs in 2017. A Cash Mob is a community event that people use to join together and support local businesses.

Continue reading “What is a Cash Mob and Why do we do Them?”

Why every millennial should have a Roth IRA

Subscribe To Our Blog

There’s often a debate over which retirement fund you should choose:  a Traditional or Roth IRA? As a millennial, there is a definite advantage to choosing one over the other. Continue reading “Why every millennial should have a Roth IRA”

Retirement Planning – I’m 50 and haven’t started yet!

Subscribe To Our Blog

If you’ve done any research about retirement planning, you know that it’s NEVER too early to start. In fact, starting to save during your college years is slowly becoming the norm! But what do you do when years turn into decades and you still haven’t started saving for your retirement? If you are in your 50’s and haven’t been able to build up the retirement fund, you’ll need to get started and fast. Here are some tips to help you out! Continue reading “Retirement Planning – I’m 50 and haven’t started yet!”

Saving for Retirement? Here are some pitfalls to avoid

Subscribe To Our Blog

When it comes to saving for your retirement, every penny counts. Regardless if you are just starting to save or in the home stretch to retiring, making the wrong financial decisions could have a big impact on your retirement goals. With social security no longer being a sustainable retirement option, it’s important to make sure that you set yourself up for the future. Continue reading “Saving for Retirement? Here are some pitfalls to avoid”

Money Managing tips for Recent Graduates

Subscribe To Our Blog

One of the biggest milestones in your life is graduating from college. It’s a symbol of independence and the start of your life as an adult. You’ll be on the hunt for a new job, a possible new place to live (Mom and Dad’s isn’t that bad, right?), and starting to manage your own money, including paying back those student loans. You don’t want to start your finances off on the wrong foot or overextend yourself from the get-go. Continue reading “Money Managing tips for Recent Graduates”