Budgeting
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The Riches Reset: 30 Day Cash Only Challenge
March 27, 2018
Categories: Budgeting, Personal Finance, Savings
You may have heard the suggestion, but in a day where even plastic purchases are becoming irrelevant, how can paying with cold hard cash be feasible or helpful? We challenge you to find out by going plastic-free for the next 30 days in order to shake up your spending habits for the year. We will begin by informing you on some of the disadvantages you may experience, followed by the surprising benefits. Cons of Cash Safety Carrying cash can be a safety concern. You
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How to Tackle Student Loan Repayments
March 13, 2018
Categories: Budgeting, Personal Finance
What they didn’t teach you in school, was how to pay for school. Many know what it’s like to look excitably into your direct deposit account or open that envelope on payday to only be dissatisfied by the large withdrawal that was taken towards your student loan debt. Confronting what seems like the impregnable wall of debt can be overwhelming. And many can feel unprepared - even duped at the debt to income ratio their college degree has given them. However, it doesn’t have to
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What Mad Money is and Why You Need It
February 20, 2018
Categories: Budgeting, Personal Finance
Paying off debt can be daunting, and budgeting for it is even more stressful. In order to be a winner with your budget, you must add Mad Money to your life - and no we aren’t talking about the TV show. Mad Money is, “A small sum of money carried or kept in reserve for minor expenses, emergencies, or impulse purchases.” There is no restraint to what you can purchase with Mad Money, only that you spend the allotted amount. This should be a small percentage of your monthly income.
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Tips to Reduce Financial Stress - From Panic to Plan
February 6, 2018
Categories: Budgeting, Personal Finance
If you are feeling overwhelmed and losing sleep at night because of your finances, you are not alone. There are many factors that can contribute to financial stress such as: kids, marriage, debt, pregnancy, job status and physical health. According to the American Psychological Association’s 2015 survey, 64% of stress is attributed to money. If you are experiencing a creeping sense of panic over your finances, take a deep breath and exhale. We are going to walk you through a simple plan
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Organizing Your Finances for the Holiday Rush
November 14, 2017
Categories: Budgeting
The holidays are a time where we surround ourselves with family, friends and the people we love most. Whether you’re staying close to home or traveling across the country, the holiday season means you’ll be eating good food and spending plenty of time shopping. And while all that food may mean your clothes fit a little tighter, the shopping can have a similar impact on your wallet. It’s important to make sure your finances are organized before the real holiday rush
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Four Ways to Raise Your Financial Game
November 7, 2017
Categories: Budgeting, Personal Finance
Whether you’re a football fanatic whose weekly happiness hinges on your team’s performance or you can’t tell the difference between a quarterback and a punter, the game of football can actually teach you a lot about managing your finances. Don’t believe us? Check out the Bank of Louisiana game plan that can help you earn a financial win. It’s Important to Win on Offense, Defense and Special Teams Most teams need to play well in all three aspects to win
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Money Magic Tricks
September 27, 2017
Categories: Budgeting, Retirement, Savings
Magic is one type of entertainment that will never go out of style. Whether it’s David Blaine and his shocking stunts, or newly famous films such as Now You See Me, this classic art has proved to truly stand the test of time. While Bank of Louisiana may not be the best at slight of hand, we do have a few savings tricks up our sleeves! See if you can understand the steps to these financial stunts and make your fiscal success appear out of thin air. Make your money disappear (into your
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When to SAVE and When to SPLURGE
August 9, 2017
Categories: Budgeting, Personal Finance, Savings
When you and your sweetheart set your budget each month, there are a variety of factors at play. Where can you get the best deals on groceries? How many date nights will you have each week? Do the kids have any sporting activities that require new equipment? At Bank of Louisiana, we recognize that everyone’s budget is different. No matter which categories you enjoy most, we’d love to showcase some great examples to help you find extra ways to save, and better identify which costs are
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Eat This Not That
August 2, 2017
Categories: Budgeting, eat this, Personal Finance, Savings
Like many Generation X’ers we grew into adulthood alongside this viral diet books, which showcased the epitome of dieting in the late 2000’s. Now a decade or two later, there are still some relevant tips and tricks we’re excited to share here. See how Bank of Louisiana can help you switch up your spending, by eating THIS instead of THAT, to put some extra bang in your buck. EAT Dried Beans NOT Canned Beans: While many Americans are using canned beans as a pantry
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The DO’s and DON’TS of Using Credit Cards
July 26, 2017
Categories: Budgeting, Personal Finance
Using a credit card is a great stepping stone to help boost your personal credit history. By proactively managing your ongoing finances, you can showcase to potential lenders that you know how to fulfill your repayment promises. What many people don’t know is that simply having a credit card does not automatically indicate an increase in your credit score. To help you succeed with your credit, Bank of Louisiana has put together our most commonly asked do’s and don’ts to using
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