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”
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”
One of the best things about the holiday season is the traditional recipes that have been made year after year and passed down from generation to generation. Here are some of our family favorites here at Litchfield Bancorp. We hope you enjoy them as much as we do. Happy Holiday!
It seems keeping your personal information safe these days is like a full time job. From managing all your online accounts to monitoring your credit to validating what is spam. We live in an online global economy. Gone are the days where you can trust every email, every phone call and every piece of snail mail. Unfortunately, we must be on high alert 24/7, but it shouldn’t be a full-time job just protecting your personal information! Continue reading “7 Ways to Protect Your Personal Data”
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”
If you own your own business, it’s only a matter of time before you’ll need a credit card to charge expenses. But should you get a Business card instead of using a Personal one? The basic function of the cards work the same – you’ll have a credit line, interest rate, and earn certain perks based on the card you choose. However, there a few differences to take into consideration before sending in that credit app. Continue reading “Business card or Personal credit card – which should you use for your business?”
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”
If you are a parent who has children involved in extracurricular activities and sports, you may already be aware of the skyrocketing increase in the cost of these programs. The costs for everything from music classes, to sports, to dance has seen a 3% to 10% increase according to Backpack Index. Continue reading “Keeping up with the rising costs of Youth Activities and Sports”
It’s something no one talks about. It’s right up there on the list of taboo items you don’t mention to other people, like your annual income and amount of debt you have or your credit score. The lower it is, the less likely you are to share that number with people. But you’d probably be surprised at how many people have made mistakes and witnessed the swan dive of their credit score. The important thing is to get it fixed as quickly as possible. Continue reading “I messed up my credit. How do I fix it?”
Warning: Depending on your child’s hobbies and interests, suggesting they seek employment for the Summer Break and beyond may result in glares, the silent treatment, and resistance.
Some high schoolers love the idea of working to make some extra money, while others think it’s a fate worse than death. However, summer break is a great time to enter the job market and earn money to put towards buying a car, college tuition, paying a cell phone bill, or even simply building a savings account. A job or internship can also be added to those college apps to show work experience and new skills – not to mention they may discover a passion or future career. Continue reading “Why your high school student should have a summer or part time job”