Survive Winter & the Holidays with Our Helpful Savings Tips
Posted On: November 5, 2024 by Prevail Bank in: Banking
With inflation driving up costs, many people are struggling to prepare for winter and the holiday season. Here are tips to help you save money and stay financially secure:
Lower Your Heating Costs Lower the thermostat: Dropping it by 1°F can cut 3% off your bill. A bigger drop (10-15°F) for 8 hours daily can save 5-15%. Use a programmable thermostat for convenience. Turn down your water heater: Lowering it to 120°F can reduce costs by 4-22%. Shortening...
Smart Debt: Choices That Shape Your Financial Future
Posted On: September 13, 2024 by Prevail Bank in: Banking
Some people avoid debt entirely, choosing to pay for everything with cash or their debit card. This approach is valid and keeps spending in check, but it may not help build credit for future borrowing needs.
For most of us, debt is a part of life, used for everyday expenses and major purchases. When managed wisely, debt can be a valuable investment in yourself and your future.
Examples of Positive Debt: Student Loans:Investing in education through a...
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