Family Focused – Family
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Finances become more complicated when you have a family. Kids are fun, but they’re not cheap. And, there’s all that pressure to keep up with the Joneses. The best thing you can do for your family is live within your means and plan for the expected and unexpected. Family vacations, summer camp, upcoming college expenses are all things you can plan for. While you’re setting financial goals consider the unexpected, such as losing an income or having to care for an aging parent. We can help you save for the unexpected, too.
Teach your children financial fitness by practicing it yourself.
Family, finances and the future – staying on course
Understand your credit score.
Monitor your credit history and your credit score closely. You’ll want
to do everything you can to boost your credit score before any major
purchases that require a loan, such as buying a home, making a home
improvement, or purchasing a car. If you’re not sure about your credit
history, talk to a
VistaBank representative.
Shop for the best loan.
Loan shopping doesn’t have to be a chore. Before you make a big
purchase, check with your
VistaBank representative. We believe in great
rates for great customers.
Save for college.
Socking cash away for college when your kids are small can reduce stress
and increase opportunities when they’re older. As your children mature,
talk to your kids about college. When they are teens discuss what you
can afford as a family and what is expected of your kids. There are
several options for
saving for college. Make sure you know the one
that’s right for your family, talk to your
VistaBank representative.
Pad that emergency fund.
The opportunities for unexpected costs rise dramatically for families.
Emergency room visits, fender benders, a broken air conditioner can put a
dent in your finances if you don’t have an emergency fund. Get into the
habit of putting a little away each pay period to build up your
savings.
Reassess your retirement fund.
The best gifts you can give your kids are parents who are financially
secure and independent throughout their lives. Make sure your retirement
plan is on track with your goals. A danger is overestimating the future
value of your home and other investments. Another concern is
underestimating your lifetime expectancy. Kick the tires on your
retirement strategy, talk to a
VistaBank representative.
Protect your important documents.
Where there is a family, there should be a will. Also think about birth
and marriage certificates, savings bonds and other hard-to-replace
documents. Protect them all with a
safe deposit box at the
VistaBank Aiken location.
Bank smarter.
With online and mobile banking you can see all your financial
information in one place, when and where you want. That convenience
means less time with banking-related errands and more quality time with
family.
Safeguard your identity.
In the world of hacking, no identity is entirely safe. Make sure you
protect yours. Never respond to a request for information unless you
confirm the source. Always shred sensitive information. Be proactive. If
you’re concerned about identity protection, talk to your
VistaBank
representative.
