For many workers, a 401(k) plan provides the best opportunity for retirement savings but keeping track of those plans can be difficult. Changing jobs is a fact of modern life and switching employers can be a great way to keep your career moving forward. If you have changed jobs along the way, you may have …

Financial literacy is the possession of skills that allows people to make smart decisions with their money. Part of being financially literate is not only understanding the facts about money but also taking the right steps that can lead to the right financial outcomes. If you haven’t achieved full financial literacy yet, don’t worry. Tackle …

When the new year arrives, many of us turn our thoughts to working out, losing weight and getting in shape. It is also common for Americans to start scheduling their yearly doctors’ appointments to review their health. Remember, getting your financial life in shape should be just as important and receive the same amount of …

Are there any steps that Spencer Savings Bank has taken to help its lending customers during this difficult time? When Covid-19 emerged and the New Jersey economy was principally shut down, Spencer Savings Bank remained open as an essential business for our customers and communities. Whether a consumer loan or commercial loan, we recognized that …

When Maureen started her first job around 1950 or so, she didn’t have a 401(k), but she did have a Christmas club. Every paycheck showed a deduction for her Christmas club savings account, an account she emptied each December to buy gifts for her family and friends. She tells the story about her Christmas club …

The holiday season is here and there is no better year than this one to shop local and eat local. Whether you have a huge family to buy for or plan to purchase presents for just a few friends, the money you spend will make a real difference. Businesses in our local community have had …