Budgeting
-
The Lessons of a Lemonade Stand - Teaching Your Children the Fun Way
August 8, 2018
Categories: Budgeting, Family, Savings, Seasonal, Small Business
Warm, sunny weather calls for a glass of ice cold lemonade. Now that the kids are out of school and looking for activities to entertain them, now is the perfect chance to teach them a little about finances. Here are a few quick tips to help teach your children how to be fiscally responsible. Have them buy the materials. When deciding to have a lemonade stand, it is important that your children know the value of money. By having them calculate the cost of the lemonade, sugar, cups, sign, sunscreen
Read More -
So You’ve Bought Your First Home: Savings 101
August 1, 2018
Categories: Budgeting, Family, Mortgage, Savings
Congratulations! You’ve taken a big step in your financial future by purchasing your first home. As a new homeowner, you may be worried about the chunk of change you just spent, and your bank account may be looking a little slim right now. Luckily, Bank of Louisiana is here with a few simple saving solutions to help your funds increase. Slow Your Spending As you have just made a big dent in your savings, now is the time to slow down on your purchasing behavior. Be sure to be aware of
Read More -
How Much You Can Save by Camping on Your Vacation
July 25, 2018
Categories: Budgeting, Family, Savings, Seasonal
You deserve a little vacation with your hunny and children, but what can you do that won’t break the bank? Camping is the perfect solution for families looking for frugal fun! We’re here to share a few of the different ways camping saves you cash and packs in the entertainment. Cost Per Night Camping costs zero to $30 a night based on if you have to pay a fee to stay at a camping ground. That number looks tiny compared to the hundreds of dollars hotels cost per night. You may have
Read More -
5 Things to Teach Your Teens About Financial Literacy
July 18, 2018
Categories: Budgeting, Personal Finance, Savings
With your babies growing up, it’s never too soon to start teaching them the art of being fiscally responsible - but where do you start? According to the Council for Economic Education, only 17 U.S. states require high school students to take a personal finance class in order to graduate. Bank of Louisiana offers some great ideas on how you can begin teaching your child about financial literacy before they leave the nest. How does credit work? A lot of kids don’t know what credit
Read More -
Deep Cleaning for Retirement
July 11, 2018
Categories: Budgeting, Retirement, Savings
It’s finally time! You’re getting close to taking a new path in life - but do you know where to begin? Retirement is an ideal time to declutter, as you may be downsizing or moving locations. Bank of Louisiana offers a few ways you can deep clean for retirement, so you aren’t left with a mess! Turn Big Tasks into Smaller Ones When beginning to downsize to a different home or clean out old tax returns, it is easy to get overwhelmed with the process. Try starting small instead
Read More -
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
Read More -
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
Read More -
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.
Read More -
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
Read More -
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
Read More