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Savings TIps

6 Money Tips for New Parents

6 Money Tips for New Parents

Posted On: January 16, 2025 by Prevail Bank in: Banking

 

Becoming a parent is one of life’s most exciting and rewarding experiences. It also brings new financial responsibilities that can feel overwhelming. With proper planning, however, you can confidently navigate this new chapter. Here are some practical money tips to help new parents prepare and thrive financially, along with ways Prevail Bank can support you.

1. Create a Baby Budget

One of the first steps to financial readiness...

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Tags: Money Tips, New Parents, Savings TIps

Cozy Up & Conquer: 7 Personal Finance to-dos for Cold Weather Days

Cozy Up & Conquer: 7 Personal Finance to-dos for Cold Weather Days

Posted On: January 15, 2025 by Prevail Bank in: Banking

Calculate your Net Worth

Get comfortable with a warm cup of coffee or tea and crunch some numbers this winter. Knowing your net worth can be a first step in setting realistic financial goals from paying down debt to planning for retirement. Your net worth is the sum of all your assets minus the sum of all your liabilities. Assets are anything of value that you own – checking/savings account balances, real estate, or retirement accounts to name a few. Liabilities are your financial obligations,...

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Tags: financial education, Personal Finance, Personal Finance to-dos, Savings TIps

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