Financial Education for College Students: Why It’s Important

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When you send your student off to college, it is important that they have a good financial foundation. Financial education for college students gives them the ability to properly make important decisions based on their finances. College is often the first time that a budding adult has to make daily financial decisions, and it’s absolutely essential that they feel prepared.

Why is financial literacy so important for college students? Because college is often the first time these students are on their ...

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Emotional Spending & Navigating Peer Pressure

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Managing money can be hard enough when it is just yourself. When friends and peers get involved things can get even more complicated. Everyone struggles at one point or another to balance pleasing friends and being responsible with money.

How can we deal with situations that pull at both our friendships and our wallets? Here are 5 tips that have worked for others. Practicing these can help set you up for a lifetime of healthy spending habits and better navigate peer ...

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4 Simple Financial Fitness Activities that Parents & Students Can Do at Home

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With COVID-19 driving widespread closures of our nation’s schools, many parents are facing new obstacles that they hadn’t anticipated. While this looks different for everyone, many families are now challenged to deliver remote learning instruction to their children or keep kids occupied while juggling the demands of their job.

As the novelty of this “new normal” wears off, you may be starting to hear, “What are we doing today?” or the dreaded, “I’m bored.” Maybe you’re on ...

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Money Matters: Personal Identity Theft

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How worried should people be about becoming victims of identity theft?

  • Every two seconds, someone has their identity stolen. It’s the fastest growing crime in the U.S.

What do you recommend people do to protect themselves?

  • Guard Your Personal Information
  • Shred Sensitive Documents
  • Review Your Credit Report
  • Monitor Your Kids’ Credit Reports

What can Southern Bank do to help?

  • Identity Monitoring
  • Identity Recovery
  • Identity Restoration
  • Fraud Specialists
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Money Matters: Ways to Save

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What can you do to successfully save money?

  • Set Savings Goal
  • Determine Cost
  • Create Budget

What if you feel like there isn’t enough money in your monthly budget to save?

  • Track all your expenses for one week and see if there are any you can eliminate or reduce.
  • See if there are any ways you can earn extra income.

Once people start saving, what is the most important thing they can do to keep saving? 

  • Take stock regularly of how close you are to your goal.
  • Celebrate your successes.
  • Be ...
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Money Matters: Email Fraud

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How do you know if an email is fraud? 

  • The name and company are real
  • Their request is real
  • Sending in the account information
  • BUT these things do not add up to the correct accounts and people

How do you avoid email fraud?

  • Always double check any suspicious requests
  • A quick phone call can verify transfers
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Money Matters: Personal Cyber Security

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People should be well-informed about the rise in cyber attacks since millions happen every day.

How do we prevent security worries?

  • Be aware of the risks and stay up-to-date on the best practices.
  • Change passwords frequently
  • Don’t click strange email links
  • Password protect your devices

What about cyber protection services?

  • They’re worth investing in.

All Southern Bank checking accounts include free ID theft coverage.

  • Expense reimbursement
  • Identity recovery services
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