(Kristen) Welcome to Money Matters at 7:57 with Justin Chastain. And, Justin, we talk a lot about budgeting, but this is a big one. What’s “budget anxiety”?
(Justin) A lot of people suffer for this, even myself when I hear the word “budget.” You know, when I teach classes, I always say “achieving financial wellness.” There’s just something about that word that gives – it just makes us more uptight. But it’s also because of our psychology of what we view ...
Southern BancShares (N.C.), Inc., the parent holding company of Southern Bank and Trust Company headquartered in Mount Olive, North Carolina has announced the promotion of Senior Vice President and Chief Accounting Officer David L. (Dave) Sauls, Jr. to Executive Vice President and Chief Financial Officer (CFO) for the corporation. Sauls succeeds former CFO Dan Ellis, who retired at the end of April this year. The announcement was made by Southern Bank Chairman and CEO Drew Covert.
Hey! Thinking about saving for the future? Here are three alternatives to a traditional savings account:
A Money Market Account is a savings account with check-writing capabilities. They tend to feature higher interest rates than standard savings accounts and may require a higher minimum balance.
A Certificate of Deposit is a deposit held for a specific amount of time. The financial institution pays interest to the holder during that time period. They tend to have higher interest rates than savings accounts, but ...
Hey! When starting your own business, one of the most important things to consider is the finances. Not just what you earn or how you spend the money, but also where the funding for your business will come from.
When it comes to business funding, there are two main types: debt funding and equity funding.
Debt funding is, essentially, a traditional loan with interest. This type of funding allows for quick capital access, but the loan will have to be repaid regardless ...
Hey! If you’re on the hunt for a financial advisor, here are some tips to keep in mind.
Number 1. Pick one that fits your style. Online advising services tend to offer simplified, cheaper investment management, whereas traditional advisors have passed a certification and may have a focused specialty. They are typically more expensive but provide a more comprehensive financial plan.
Number 2. Review your needs. A customized financial plan is very helpful, especially if you have a complicated financial situation or ...
Hey! While there are a lot of ways to pay bills these days, it’s important to understand how to use checks as a payment option.
A checking account allows you to make deposits and withdraw money to make payments. In exchange for greater access than accounts such as savings or investment, checking accounts tend to offer lower interest rates or returns on your deposits.
One way to withdraw your money from an account is by writing a check. The amount on the ...
Hey! If you’re thinking about buying a home, here are four factors to consider:
Number 1: The long-term value. Typically, homes are appreciating assets, which means the value usually goes up the longer you own it.
Number 2: Payments. A portion of your monthly payment goes to your original loan and toward owning the home. The balance goes to interest. The larger the down payment, the more the original loan or principal will be covered with your payment.