Money Matters: Savings Made Simple

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Hey! Did you know that you can save money every time you swipe your debit card?

With the Savings Made Simple program, every time you swipe your Southern Bank debit card, the transaction is rounded up to the nearest dollar.

The “round up” amount will then be automatically transferred from the checking account attached to your debit card to your Southern Bank savings account.

For example, let’s say you buy one cup of coffee every week at $2.30 per cup.

With Savings Made Simple, ...

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Money Matters: Living Within Your Means

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Hey! Let’s talk about something fundamental, like living within your means.

Living within your means may be the most important financial habit. If you live within your means, your monthly expenses will not be more than your net monthly income.

There are three steps you can take to see if you’re living within your means.

Step 1. Record everything you spend your money on over the course of a month to get a picture of your spending habits.

Step 2. Add up all your ...

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Money Matters: Secure Mobile Banking

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Hey! Interested in the convenience of mobile banking, but worried about security? Here are 5 tips to keep your money safe.

  1. Use a unique password, and keep it a secret.
  2. Check your connection. Website addresses that start with “https“ indicate you are on a secure site.
  3. If someone contacts you and claims to work for your bank, contact your bank directly to verify the person is actually a representative.
  4. Regularly monitor your accounts and transactions so that you can spot and report fraud to ...
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Money Matters: Credit Card Debt

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Hey! How can a snowball help you become debt free?

If you’re using credit cards to finance your way of life and not paying off the balance each month, you’re probably paying a lot in interest and penalties.

For instance, paying the $25 minimum on a $1,000 balance will take over four years to pay off and could cost you over $300 in interest alone. So it’s in your best interest to pay that balance off as quickly as possible.

That’s where the ...

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