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  • June 16, 2021

    Categories: Budgeting, Personal Finance, Retirement, Savings

    At any age, you should be saving for retirement - yes, even when you’re 20. This can mean more than just putting a little money into your employer's 401(k) plan. It’s important to think about all the expenses you will have in the future and how you will afford them. Therefore, we wanted to share some information on how you should save for retirement based off your age. Read on to learn more!  Twenties  This age is becoming more in touch with finances

  • June 9, 2021

    Categories: Budgeting, Personal Finance, Savings

    Being prepared for a financial crisis or hiccup can take time. Building up your emergency fund isn’t something you can do overnight, but working at it day by day or month by month is an easy way to become prepared without seeing a huge decrease in your funds. But how much is enough? We’re here to let you know!  How much should I save for an emergency fund?  How much you can save will depend on where you are at in life. You will have debts, monthly expenses,

  • May 25, 2021

    Categories: Budgeting, Personal Finance, Savings, Seasonal

    Spring is the perfect season for fresh starts, personal growth and positive changes. This season, along with the loads of spring cleaning and organizing, consider making your finances a priority. A great first step is to read through this practical guide to saving money!  1. Prepare for the heat by making sure your cooling system runs efficiently.  Summer is on its way which means you’ll be cranking the AC before you know it. The best way to cool your

  • May 11, 2021

    Categories: Budgeting, Mortgage, Personal Finance, Savings

    Becoming a homeowner for the first time is no easy task! You’ve probably heard horror stories from friends about overpaying or missing a crucial piece of information before committing to an offer. Here are a few tips to help you prepare for buying your first (or next) home so you feel confident in the home you choose to buy!  Before You Buy  Start Saving Early – the earlier you start saving, the better! Many first-time homeowners assume they just need to save for

  • May 4, 2021

    Categories: Budgeting, Personal Finance, Savings

    It’s the question that every household asks. What can I do to cut my monthly costs? And it’s a great question! No one wants to spend unnecessary money when there are mouths to feed and basketball uniforms to pay for. While you can tighten the budget by setting strict guidelines for yourself, your experts here at Bank of Louisiana have a few more realistic ways to lower monthly bills.  Plan Meals Ahead of Time  At first glance, planning meals ahead of time may not

  • April 29, 2021

    Categories: Budgeting, Personal Finance, Savings

    Saving money over time is often one of the hardest things for a household to do. Between monthly bills, household essentials and daycare, you may ask yourself, ‘is there even anything left to save?’ If this sounds like you, read these tips to increase your savings game over time!  Stick to Your Monthly Budget  Sticking to a budget is a simple concept, but in reality, it can be very difficult. Try to plan your expenses a month in advance so

  • April 22, 2021

    Categories: Budgeting, Personal Finance, Savings

    Have you recently fallen off the budget wagon? Have no fear, Bank of Louisiana is here to help! Creating a budget is one thing but sticking to it is often hard. If you’re someone who struggles sticking to their budget, read these tips to get back to budgeting.  Total Your Monthly Bills  If it’s been a while since you last followed a monthly budget, it’s a good idea to double check your monthly bills. Take a look at your monthly bank statement

  • April 9, 2021

    Categories: Budgeting, Mortgage, Personal Finance, Savings

    With rates continuing to be low, now is a great time to purchase a home! It may seem daunting at first, but it’s a great experience and can be fun if you are prepared. Whether you are a first-time homebuyer or have purchased a home before, keep reading to see how much money you need to buy a home.  You may not need the full loan amount offered.  While you can get a loan for a large amount of money, you may not want to get that full amount. Think about all

  • March 25, 2021

    Categories: Budgeting, Personal Finance, Savings

    We all make mistakes and experiencing financial hiccups is a normal part of life. With each month comes new financial temptations that can be difficult to turn from. The good news is you can learn from others’ mistakes to avoid making them yourself! Keep reading to learn some common money temptations most people run into as well as how you can avoid giving into them.  Temptation #1: Spending Unexpected Cash  Whether you received

  • March 18, 2021

    Categories: Budgeting, Family, General, Savings

    When it comes to teaching your kids important money lessons, the sooner the better! While young children can’t fully comprehend all that goes into finances, there are lots of fun activities that can help them better understand. Try these out next time you’re looking for a fun way to entertain your little ones!  Financial Board Games  A simple way to learn about finances and include the whole family is to purchase a money-related board game. If you have little kids,