- Is Your Spending out of Control?
- Your Consumer Debt Ratio
- Calculating Your Total Debt Ratio
- Why Have I Gotten Into Debt?
- Income and Expenses
- Figuring Out Your Paycheck
- Expenses Line by Line
- Constructing a Spending Plan
- Case Study: Jennifer–Things Gone Wrong and How to Fix Them
- Forecasting Income and Expenses by Age
- When You Have Too Much Debt
- Allowances
- Saving Money on Company Benefits
Did you get an allowance when you were younger? You may remember carefully rationing to get the most you could out of it. The allowance method works well for many people, and it can be an especially good tool for couples and families. A certain amount of money, agreed on by everyone, is given out to each family member as an allowance. Anyone can spend their allowance any way they want. There's no discussion or argument.
The allowance can include all variable expenses, including clothing, or it can be just lunch money and pocket change. Generally, the more personal variable expenses it includes, the better. And the allowances do not have to be the same. If gas is included in the allowance, for example, and you commute 30 miles to work and your spouse works two miles away, your allowances should be adjusted to reflect that.
If you use this method, any arguments about money should subside. If your spouse wants to eat peanut butter sandwiches for a month to buy a new fishing rod with what's been saved, you are not allowed to object. You have already agreed on this, remember? And if you want to stop buying clothes for six months so that you can spend a weekend playing the slots in Atlantic City, your spouse can't object either. That's the deal.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
