Now is a great time to look at ways to prepare your home for summer. It is a good idea to take a few proactive steps to ensure your house is well-prepared for the upcoming months and reduce some costs. Summer months can bring some of the highest energy costs. Taking the time to do …
President Biden recently signed a new $1.9 trillion COVID relief package. This bill, called the American Rescue Plan, is the third major stimulus package that the federal government has made law. The plan includes another round of stimulus checks, extended unemployment benefits, expanded tax credits, funding for schools and state/local governments and much more. Having …
A tax refund can act as a very welcome bonus. One of the best ways to spend your tax refund is by making improvements to your home. Home projects can raise the value of your home and improve its aesthetics and functionality. Below are five of the best home renovations to spend your tax refund …
Tax season commenced on February 12th, and the IRS has begun accepting and processing 2020 tax year returns. There are ways to help you save on your taxes and funding an IRA (Individual Retirement Account) is one of them. An IRA is a personal account, meaning that you do not need an employer to open …
February is the time to celebrate love. Many people turn to online dating sites in the hopes of finding love. In 2019, there were over 30 million online dating users in the United States. Scammers know millions of people use online dating sites. They are on there as well and ready to steal your money. …
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 …