By Seth De Rougemont on 30-05-2011
Opening a savings account and signing up for automatic transfers from each paycheck is one of the best ways to develop a regular savings habit and build an emergency fund.
SmartyPig, a free online savings management tool, offers customers an opportunity to set savings goals and then link the SmartyPig online savings account with an external checking account or savings account for automatic transfers. Customers earn 1.35 percent APY and can make additional deposits at any time.
This type of financial tool works well for meeting specific savings deadlines for a vacation or a wedding or a down payment fund. Funds can be redeemed by transferring to an external account or getting a prepaid debit card.
Compare savings account terms and rates to find one that meets your needs.
By Kiara Withers on 29-05-2011
It appears that Statistics Canada has had second thoughts about economic growth in the provinces in 2010.
In a recent release, the agency indicated that it had used incorrect weights to estimate each provinces total output. Based on revised weights, the agency recalculated its 2010 growth estimates in all ten provinces.
However, it really only made significant changes to the year-over-year change of gross domestic product in three. Based on revised, hopefully correct weights, Saskatchewans GDP growth in 2010 was revised from a rather pathetic 1.4% to a much more respectable 4.4%.
Newfoundland and Labrador saw its growth rate jump from 4.8% to 6.0%, the fastest in the country, while in Manitoba, growth in 2010 was recalculated at 2.0% compared to the previous estimate of 1.4%.
Statistics Canada only revised its estimate of 2010 GDP growth lower in two provinces: Alberta, from 4.0% to 3.8%, and in Nova Scotia, from 2.3% to 2.1%.
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By Riley Evans on 25-05-2011
Saving is a very important part of financial stability, yet many people neglect to focus on saving and some have no savings in reserve at all. People have many excuses for not saving, including that they do not make enough money or that they are planning to start a savings account when they are more financially secure, but the truth is that these excuses are leaving these individuals vulnerable to financial devastation in the event that the unexpected happens. Saving money for the future may seem like an impossible task, but once you get started you will see that it can be easier than you ever imagined.
An important part of saving is having a budget. A budget provides you with a plan for spending that allows you to have some money left over at the end of the month after all of your necessities have been paid for. This is necessary to know where your money is going each month and how much you can afford to put into savings on a regular basis. Many people that follow a budget list the amount that they agree to put into savings each month as an expense on their budget and remove the money from available spending funds as soon as it is received.
Experts recommend saving at least 10% of your earnings in a savings account for future needs. Although this may seem like a large amount, it really is not and after a few months of removing the amount from your available funds as soon as you are paid and you will not even miss the small amount that is helping your savings accumulate. If you are finding it difficult to save 10% because your monthly expenses eat up most of your paycheck, you need to sit down and identify some areas where spending can be cut before you find yourself deeply in debt.
There are many different ways that you can cut spending to increase savings. Some people choose to take their lunch to work each day instead of purchasing a high priced prepared meal. Others choose to eliminate unnecessary cable and cell phone packages to reduce spending. Finding creative ways to reduce your spending to a level that will allow you to save at least 10% of your income in a savings account will go a long way towards securing your financial future.
Some employers make it easy for you to save money quickly by allowing employees to deposit their paychecks into multiple accounts using direct deposit. The amount diverted into each account can be set as a particular amount, such as $50 per check, or as a percentage of the total amount. Using this method to place 10% of your paycheck into a savings account automatically dramatically reduces the risk that the funds will be spent on other items instead of being saved. Saving is easier than it seems when you focus on your financial goals and make an effort to follow your budget.
By Kiara Withers on 22-05-2011
U.S. housing starts stumbled again in April, according to the Census Bureau and Department of Housing and Urban Development. They fell back to only 523,000 units seasonally adjusted and annualized, down from 585,000 in March. However, they had been even lower in February of this year, at 518,000 units. The lowest number in the past nearly three years of rock-bottom home starts was 478,000 units seasonally adjusted and annualized in April 2009.
Regionally, the drop in national starts month over month (-10.6%) was almost entirely based in the South (-23.0%). The Northeast recorded a small percentage decline (-4.8%), while the West (+3.7%) and Midwest (+15.7%) registered increases. Even with its April decline in starts, the South still accounted for more than half (53%) of the country-wide total.
The U.S. economy is now in the sixth year of a horrendous housing market slump.
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By Riley Evans on 21-05-2011
Bank of Sullivan invites consumer to take advantage of their best interest rate reward checking account called Priority Plus Checking. The bank lets you earn an interest rate of 3.25% for your account balances up to $25,000. you can also save up to $25 for ATM fees since you can refund it if you meet the following requirements:
- subscribe to electronic bank statement
- make at least 12 purchases at the point of sale using your debit card
- setup at keast one direct debit or direct deposit per statement cycle
- use online banking once per statement cycle
- setup a one bill payment per statement cycle
Bank of Sullivan will require you to deposit a minimum balance of $100 to open an account and enjoy their high interest rate reward checking account.
Individuals who want to open an account will have to visit Bank of Sullivan.
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By Seth De Rougemont on 19-05-2011
Chase Bank Richmond Leighway Dr
405 Leighway Dr
Richmond, KY 40475
Chase Bank Phone Number:
859-624-4863
Chase Bank Hours of Operation:
Mon 9:00-6:00
Tues 9:00-6:00
Wed 9:00-6:00
Thurs 9:00-6:00
Fri 9:00-6:00
Sat 9:00-2:00
Sun Closed
Chase Drive Up Hours:
Mon 8:00-6:00
Tues 8:00-6:00
Wed 8:00-6:00
Thurs 8:00-6:00
Fri 8:00-6:00
Sat 9:00-2:00
Sun Closed
More resources regarding Chase Bank in Lexington and Chase Bank services and products are available.
To find current mortgage rate information on new home loans in Kentucky please refer to 15 year mortgage rates, 30 year mortgage rates, 10 year mortgage rates or 20 year mortgage rates.
To find additional Chase Bank branches please see Chase Bank Locations.
