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 emergencies… Read the Rest »
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 »
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 to… Read the Rest »
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 lead… Read the Rest »
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 »
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 Money… Read the Rest »
Bob Mahoney, President and CEO of Belmont Savings Bank, discusses his rule for buying cars. See more Mahoney Money Minutes here.
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 strategy… Read the Rest »
Your adult child has finished school and is now starting a new life — at home. According to a Pew Research Center survey, over half of parents in the U.S. with adult children say they helped their adult kids financially in the previous year. Some of that help came in the form of letting their… Read the Rest »
Bob Mahoney, President and CEO of Belmont Savings Bank, discusses when to have an internship.