NSB Blog

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How to Plan a Vacation without Breaking the Bank

Posted on May 27th, 2015 in Savings, Travel by NSBblogger |

With summer around the corner, you may consider planning a summer getaway for the family or just you and your spouse. Summer is an ideal time for travel because the weather is warmer and travel prices are a bit more reasonable, depending on when you decide to go. Northeast Security Bank has a few ideas on how to plan a vacation without breaking the bank.

Vacation on a budget:

  1. Set a budget. Before you consider going anywhere, be sure to have the money saved and decide how much you are willing to spend. If you have an idea of what kind of vacation you want to go on before you start the planning process, it will help you know how much money needs to be budgeted for the trip.
  2. Utilize online travel resources. The Internet is a great resource for deciding where to go, when to go and the best locations for the kind of trip you’re looking for. Sites like Cheap Caribbean, Home Away and Expedia can help you find less expensive accommodations. Each site is tailored to the destination you’re looking for. By using online resources, you can save time and money.
  3. Travel in a group. If you want to take the kids to the beach, ask other families if they would be interested in taking the trip as well. Splitting the cost with another family can make a difference in cost. You will also have more money to spend on fun activities.
  4. Consider being flexible with your dates. Flexible dates means that you are willing to change your trip dates to find a cheaper rate at a hotel or you may be able to upgrade to a better destination. Flexibility will enable you to stretch your budget.

Northeast Security Bank hopes you are able to plan a fun and relaxing vacation this year. Be sure to let us know if you have travel plans so we can monitor debit card activity more accurately.

 

 

Spring Cleaning to Save Money

Posted on May 13th, 2015 in Savings by NSBblogger |

cleaning equipment in a bucket isolated on white

The month of May brings blooming flowers and true signs of spring turning into summer. Although spring started in March, it is never too late to consider spring cleaning.

Spring cleaning can save you money if you take the time to clean out your closets, attic and basement of your home. You never know what you’ll find that could be worth money.

Clean out your closet to make quick cash. If you don’t want the work of a garage sale, then consignment stores and resale shops are your best bet for getting money from clothing. The best strategy for getting the most money from reselling clothing is to sell back clothes that are in season.

If you go through your closet and wish to get rid of some fall and winter clothes, store them away to sell before those seasons start. If you sell clothes that are in season and in style, you will likely get more than selling off season clothes.

Your basement is an ideal place to store old furniture or belongs that you don’t want lying around the house. Unfortunately, this pile of items just keeps adding up. Now is the time to look through this pile of old items and see what can be sold at a garage sale, on eBay or Craigslist. You may have antique collectibles that others would be interested in purchasing. Taking the time to clean out this area can help you make a little extra money.

Ditch the old electronics and trade them in for gift cards to various retailers. Bigger stores like Best Buy and online retail giant, Amazon offers gift cards for older iPads, laptops and cell phones. Check into these programs to see if your old electronics qualify for gift cards.

However you clean your home this spring, you may find something that can may be worth some money to help you boost your savings before the busy summer.

Northeast Security Bank is here for your personal and business banking needs. Contact us today to learn more about our services.

Get Active for Less

Posted on April 22nd, 2015 in Financial Tips by vgmforbin |
Leading a healthy and active life doesn't need to cost you a bundle. Find out how you can get fit for less!

Leading a healthy and active life doesn’t need to cost you a bundle. Find out how you can get fit for less!

Spring has finally arrived, which means you may be interested in getting in shape after the cold and long winter. Getting active doesn’t mean you have to spend a lot of money on doing so, there are plenty of free or low cost things you can do to be active.

At Northeast Security Bank, we want you to be healthy, both in body and finances. No need to throw away money on expensive gym memberships or expensive apparel. Here are a few alternatives to help you get active and fit for less!

Don’t Throw Away Money on Expensive Apparel

You need a good pair of shoes and quality socks, and that’s about it. Why overspend on high priced fitness apparel when you get the same workout no matter what you’re wearing? Regular t-shirts and shorts will do. If you are able to invest in a nice pair of shoes that last longer, you won’t have to pay two or three times for subpar shoes.

Walk or Run

Walking around the neighborhood or running on a local trail don’t cost a thing and are great options for everyone from kids through grandparents. You only need to dress for the weather, so put on your shoes and go.

Be More Active at Work

Are you seated most of the day at work? Make a point every hour to get up, stretch and walk around for five to 10 minutes (or whatever is allowed). If possible, try to get a workout in over your lunch. Anything you can do to break up the sitting, raise your heart rate and get your blood flowing is doing your body good.

Incorporate Your Whole Family

Getting the entire family active makes fitness a little more fun without necessarily increasing the costs of doing so. Family activities can be as simple as throwing around a Frisbee or ball or playing yard games. Anything that gets you on your feet and moving with your family will do!

Now that you have a few ideas for getting active for less, which will you try? However you approach your health and wellness goals this spring, we hope you stay safe and injury-free. If there’s anything Northeast Security Bank can do to help on your path to better health please don’t hesitate to ask. We hope to see you soon!

Financial Literacy Month: Little Known Financial Facts

financial analysis; checks, graphs, money, calculator

April is Financial Literacy Month and Northeast Security Bank wants to bring you little known financial facts. Today’s blog will provide interesting information that you probably didn’t know before. Northeast Security Bank is your hometown financial institution offering helpful banking information and financial services.

Little Known Financial Facts:

  1. You don’t have to use your bank’s ATM to deposit a check. As technology continues to advance, you no longer have to use only a Northeast Security Bank ATM to deposit a check. Remember this if you’re ever on the go and need to deposit the money into your account and you’re out of town.
  2. There are more benefits to the Friendship Club than just friendship. Besides making lifelong friends, the Friendship Club includes a wide array of amenities. From copying services to free debit/ATM cards, our Friendship Club is ideal for anyone 50 and older looking for a great group of people to be friends with.
  3. Online Banking can save you time. In the on-the-go world we live in, convenience can make life much simpler. Instead of having to go into the bank to transfer money between your accounts, you can use online banking from the comfort of your own home. It’s ideal for travel, living elsewhere for college, or for convenience.
  4. There is no federal law regulating what credit card companies can charge for interest. Before signing up for a new credit card, read the fine print to see what the interest rate is. Northeast Security Bank offers a Visa credit card. This card can be used anywhere and there’s no gimmicks.

Northeast Security Bank wants you to be financially literate throughout April and every month.  Come to us for your personal loan, mortgage and all banking needs. Contact us today to see how we can help you succeed financially.

Smart Ways to Use your Tax Return

Posted on March 25th, 2015 in Bank Services, Customer Service, General, IRAs by NSBblogger |

Hundred dollar bills, keyboard calculator and female hand on computer mouse.

It’s tax time again and you may have a tax return coming your way within a few short weeks. It may be tempting to splurge with your return money by going shopping or spending the money on unnecessary items. Although these options seem exciting, Northeast Security Bank has some realistic ways for you to spend your tax return money.

Smart ways to use your tax return:

  1. Build an emergency fund- whether or not your family already has an emergency fund, it’s never a bad idea to add more money to it. An emergency fund can help your family in any time of need. Keep the money in a money market account so it is easily accessible, yet still earning interest.
  2. Pay off credit card debt- credit cards typically carries higher interest rates, so it is best to make paying them off a priority. Paying your credit card off now can help you avoid paying hundreds of dollars in interest.
  3. Contribute extra to your retirement savings- it’s never a bad idea to contribute money to your future savings. The investment service professionals at Northeast Security Bank can help you decide what is best for your retirement savings.
  4. Save for a family vacation- a vacation is always well deserved, so why not start saving now? If you had plans to take the family to Disney World or the beach this summer and you’ve already booked it, pay some of your tax return towards the vacation.
  5. Pay a little extra on your mortgage- your tax return can help pay off the mortgage a little sooner than expected. You will save on interest whenever you contribute a little more to the mortgage payment.

Northeast Security Bank encourages you to responsibly spend your tax return. If you have questions about our investment services, savings accounts, or credit cards, contact us today.

Create your Own Luck of the Irish

Posted on March 14th, 2015 in Bank Services, Best Financial Advice, Financial Tips, General by NSBblogger |

 

Today is St. Patrick’s Day, a day that is typically for celebrating the Irish heritage and partying with green everything. Northeast Security Bank wants to put a twist on St. Patrick’s Day by bringing you tips on how to create your own luck of the Irish. Lush green four leaf clover on a white background

When it comes to money and savings, it takes more than luck to have a successful financial future. You can make your own luck when it comes to finances and we will show you how.

Create your own luck of the Irish:

  • Create a budget. There are many benefits to a budget that can make you feel lucky. Set a goal and a reason why you are going to have a budget. At the end of six to twelve months, you will have saved enough money to go do something you’ve always dreamed of. Take the family on vacation, make a down payment on a house, or upgrade your car.
  • Frequently contribute to a savings account. It’s hard to say when your family may need to fall back onto a savings account. When you frequently add to a savings account, you will feel lucky to have the money if you lose your job or need it in case of an emergency.
  • Build your retirement savings. The more money you add to a retirement account, the sooner you are able to retire. Now that is luck! Imagine if you are able to retire two years sooner by contributing a couple thousand dollars more each year. Not only is it smart to always build your retirement savings, there are tax advantages to doing so.

Northeast Security Bank hopes the luck of the Irish is with you this St. Patrick’s Day. Contact us today if you are ready to be smart with your money and build your savings or retirement fund.

Bad Spending Habits 101: Things to Stop Wasting your Money on Right Now

Posted on February 25th, 2015 in Bank Services, Best Financial Advice, Customer Service, Financial Tips by NSBblogger |

credit card and dollar close-up

No matter what your age or what your financial status is, we all may be guilty of bad spending habits and financial decisions. It may not seem so bad that you go out to lunch at least three times a week, but in reality you are spending at least $100 a month doing so. Now is the time to kick those bad spending habits to the curb and stop wasting your money. Today, Northeast Security Bank will be hitting the money wasters that may be part of your daily life.

  1. Food and grocery shopping. Here’s a tip that will immediately save you money: don’t go to the grocery store hungry. When you go hungry, you buy items that sound good at the time. Try buying store brand items compared to name brand. You will typically save at least 50 cents per item, which will add up when you check out.
  2. Cable and internet bundles. Have you looked at your cable and internet bill recently? If you thought you really needed the gold package that came with hundreds of channels, think again. It is likely that you have a select number of channels you actually watch, so nix the big bundles and keep it simple. You will likely save around $50 a month by taking a more basic plan.
  3. Carrying over credit card balances. It may not seem like too big of a deal to carry over a couple hundred dollars on a credit card from month to month, but consider how much you’re spending on interest. Pay off your credit card balances to the best of your abilities and you could save hundreds of dollars on interest each year.

Northeast Security Bank hopes you can save money with these tips. If you need help deciding how to save your money, we can help, so contact NSB today.

 

Get Romantic with your Finances: Personal Finance Habits to Start by Valentine’s Day

Posted on February 11th, 2015 in Bank Services, Best Financial Advice, Savings by NSBblogger |

two red roses with small droplets on white surface

February is filled with the season of love and it doesn’t have to just be with your relationships. Northeast Security Bank wants you to get romantic with your finances through spending quality time with your budgets, spending habits, and savings. You will fall in love with your personal finances again if you dedicate a little bit of your time to them. Today, we are going to show you how easy it is to get romantic with your finances.

Personal Finance Habits

Sit down and make a budget. Just like with any relationship, communication is a key to financial success. Communicate on your budget to make it clear what you are spending and how much you should be saving. Sticking to this budget can eventually help you meet your personal financial goals of travel, buying a home, or purchasing a new car. Budgets may seem hard to stick to, so remember when making one to be realistic.

Evaluate your spending habits. Are you guilty of going out to eat too much? Or do you hit the mall more often than you should? By evaluating your spending habits, you can put into perspective how much money you’re really spending. This may be a hard thing to do because you may realize you are spending more than you should be on unnecessary material items.

Save before you spend. Before each purchase you make, take the time to think about if you really need it. Most of the time, it is not a necessary item you need. Here’s a good rule of thumb: if there is something at the store you want, don’t purchase it right away. If you’re still thinking about it the next day, go back and purchase it, but most of the time you will forget about it.

Northeast Security Bank wants you to fall in love with personal finance this month by spending time on your budget. Contact us today if you have questions about savings and checking accounts.

 

Habits of Financially Successful People

Posted on January 20th, 2015 in Accounts, Best Financial Advice, Debt Reduction, Financial Tips, General by NSBblogger |

Happy woman ready to take money out of an ATM

Financially successful people have confidence and control of their money. These people make attainable goals, invest wisely, and take risks. Do you want to be financially successful? Northeast Security Bank is bringing you advice for the New Year on how to be a financially successful person.

Habits of financially successful people:

  • Take stock of your current financial situation. Financially successful people are realistic and understand that financial wellness does not come overnight. It is a good idea to calculate your net worth at least once a year. Make it a goal this year to do so within this month or early next month.
  • Establish your financial goals. When thinking of financial goals you wish to achieve, be sure they are attainable. When goals are realistic and attainable, you are more likely to achieve them within a reasonable time.
  • Create a spending and saving plan. Most people only think of creating a saving plan, but financially successful people also make a spending plan. The spending plan will also keep you on track with a budget, leading to more savings.
  • Establish an emergency fund. Accidents and illnesses happen unexpectedly and financially successful people are prepared for these situations. Emergency savings accounts can help you with unexpected costs that come from various issues.
  • Choose diverse investments. From high risk to low risk, choose diversely when investing. Financially successful people take risks, but they also know when to be careful. Stay in frequent contact with your financial advisor at Northeast Security Bank so you always know how your investments
  • Focus on eliminating your debt. Financially successful people make it a goal to eliminate debt as soon as they are financially able to. Their philosophy is the less debt, the better.

 

Northeast Security Bank is willing to help you become a financially successful person in 2015. Contact us today if you are ready!

Breathe Some Life into Your Financial Resolutions- how to stick to financial resolutions easier

Posted on January 7th, 2015 in Accounts, Best Financial Advice, Financial Tips, General by NSBblogger |

Businessman calculating expenses or checking financial figures on a calculator

According to Statistic Brain, only 8 percent of Americans are able to keep their resolutions throughout the entire year. Some people don’t even make it through January. Northeast Security Bank wants to help you change that. If you are ready to be stick to your financial resolutions this year, keep reading for helpful tricks and tips.

Focus on one change at a time. You may have more than one financial resolution for 2015, but keep your focus on one item at a time. Change takes time, especially with your finances. Don’t expect your savings account to double within the first month of your goal, understand that it will take a while. Once you feel satisfied with one change, go ahead and work on your next financial goal.

Reach out for support. Whether you reach out to family or your financial advisor at Northeast Security Bank, support is a great way to revamp your resolution. When other people are clued in on your goals and resolutions, you are more likely to work towards them.

Build on your resolutions. Resolutions should have room for growth and change throughout the various stages. If your original goal was to save money towards your family’s savings account and you meet your goal, don’t stop there. Continue saving towards a higher, yet attainable goal. Not only will you feel accomplished by meeting the first goal, you will push yourself to the next level of accomplishment.

Celebrate your accomplishments. You deserve to be rewarded for your accomplishments. Find a rewarding activity with the family that is low cost and let them know your accomplishments. Share what you have accomplished and you are sure to attain more than you ever imagined.

Northeast Security Bank encourages you to push through this year to attain goals you never thought possible. Contact us today if you are ready to attain your financial resolutions this year.