It’s so easy to get caught up in the joys and wonder of the holidays without realizing just how much you are overspending. Attending holiday parties, going out to eat, shopping for presents, and even traveling to visit relatives and friend all add up much quicker than we realize – and probably budgeted for. So, before you put your finances through the ringer and force yourself to make a New Year’s Resolution to get your spending under control, check out these simple tips to enjoying the holidays without breaking the bank. Continue reading “10 Tips for Surviving Holiday Overspending”
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!”
Savings Clubs are making a comeback!
When it comes to personal finance, what is old has become new again. The latest new thing in thrift is the savings club, a time-honored tradition that our parents and grandparents relied on to accumulate money for the holidays or for a special purchase. With the advent of the credit card these plans have largely faded away, but are now enjoying a revival. The idea of the savings club is both simple and financially prudent. Instead of paying for your next major outlay, for example a vacation, a remodeling project or just your annual holiday spending blowout, by piling up credit card debt and racking up interest charges on top of whatever you may need to spend, a savings club account lets you plan ahead and start saving incrementally for your next big expense. Continue reading “Savings Clubs are making a comeback!”