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November 13, 2017

The average American saves less than 5% of his or her disposable income. Many financial advisors say that isn’t enough to ensure a comfortable retirement. The personal saving rate, calculated by the federal Bureau of Economic Analysis, has hovered around 5% for the past few years. By the end of June, the rate had dippedRead the Rest »

November 6, 2017

Having a budget is a great start. But life will always throw you changes, and with those changes comes the need to revisit—and perhaps reallocate—your budget. Maybe you recently got a raise, moved to a more expensive apartment, or bought a pet. Any of these things would require a change in your monthly financial planning.Read the Rest »

October 30, 2017

More than 40% of U.S. adults struggle to make ends meet, according to a new report from the Consumer Financial Protection Bureau. It found that the financial well-being of U.S. adults varies widely, with savings being the best indicator of wellness, even more than education or income. Those who had means to deal with emergenciesRead the Rest »

October 23, 2017

Planning ahead is hard when you’re broke. But planning ahead may be the best way to stop being broke and start building a solid financial future. People who have a strategy tend to save more money and be financially healthier than those who don’t, studies have found. For example: Those who thought about retirement —Read the Rest »

October 16, 2017

The stress and excitement of buying a house has come and gone — it’s time to hang a welcome sign and call it home. But a new journey in budgeting begins once you’ve paid the closing costs and tipped the movers. Now it’s time to learn to budget as a homeowner. If you’re new toRead the Rest »

October 10, 2017

One of the most important decisions you’ll make when starting a business is choosing the right bank accounts. As an entrepreneur, you’ll want to make sure you don’t mix your personal finances with your business money: If your cash isn’t kept separate, it could be hard to meet IRS recordkeeping requirements, and that could leadRead the Rest »

September 18, 2017

What’s better than Fall in New England?  Bring the family to any (or all) of these community events to make the transition from summer to fall a celebration. Be sure to say hello to the Belmont Savings Bank teams at each event for prizes, giveaways, and more! Faire on the Square Saturday, September 23rd   * Read the Rest »

Refinancing at Belmont Savings Bank
September 14, 2017

Hear what Bob Mahoney, President and CEO of Belmont Savings Bank, has to say about the Equifax Data Breach and what you should do to protect yourself. Helpful Links and Phone Numbers: Equifax website: www.equifaxsecurity2017.com Free Credit Report: www.annualcreditreport.com Experian Phone Number: 1-888-397-3742 TransUnion Phone Number: 1-888-909-8872 Equifax Phone Number: 1-800-349-9960 Watch more Mahoney MoneyRead the Rest »

September 13, 2017

Bob Mahoney, President and CEO of Belmont Savings Bank, discusses his rule for buying cars. See more Mahoney Money Minutes here.

August 28, 2017

When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription. These tactics may help, but financial experts say paying off debt requires a more comprehensive plan. One common strategyRead the Rest »

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