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Savings Tips

A Parent’s Conundrum… To Pay or Not to Pay (for college)… That is the Question

Posted On: April 19, 2021 by The Peoples Community Bank in: College Savings, Savings Tips

In a perfect world, every parent hopes to give their child the best start in life. You’d send them to a great school and watch as they enter the “real world”, debt-free, leaps and bounds ahead of their constituents. But, the reality is that college costs aren’t what they used to be. In fact, in 1984 the average annual cost of tuition for a 4-year institution was $5,160 (in current $)*. In 2014 that average cost grew to $25,409 per year*, according...

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Advice from Mom: 10 tips for financial success

Posted On: April 19, 2021 by The Peoples Community Bank in: Community Giving, Financial Tips, Savings Tips

Each year on the second Sunday in May we celebrate the important women in our lives. The ones who raised us and taught us right from wrong and the ones who brought our children into this world. On this mother’s day we asked our team what is the best financial advice that they’ve given their children, what advice they planned to give, and the best advice their mothers gave them? We got some great answers.

1) “Start saving NOW.” Read More

Teaching Children to Save

Posted On: April 19, 2021 by The Peoples Community Bank in: Savings Tips

A road map to financial responsibility

Financial literacy is a skill that impacts everyone throughout their lives, yet many people are not exposed to essential money concepts until they become adults—sometimes after they've made serious financial mistakes. You can help by introducing the concept of saving and spending wisely to your children or grandchildren and now's a perfect time. Here are some ideas on how to teach sound financial habits to the children in your life.

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