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Money Management


Save Like a Pro

Set goals. “It’s important to begin saving with goals in mind – both short-term and long-term goals. Meeting those short-term goals will give you an ongoing sense of accomplishment, while saving for the long-term provides security. Starting an emergency fund is obviously top of the list for the long-term, but saving for a vacation or a new car is beneficial as well.” – Billy Hirtz, Banking Service Manager, Poplar Bluff, Mo.

Stick to a budget. “Instant gratification comes with spending money, but that’s the biggest deterrent to saving for the future as well. It sounds simple, but making a budget and sticking to it is the key. Know what your expenses are each month, plan for the unexpected, and dedicate yourself to setting aside a reasonable amount for savings each month. Then make sure you do it.” – Melinda Hanshaw, Banking Service Manager, West Plains, Mo.

Find the right account for you. “When it comes to successfully saving, opening the right type of account is important. Depending on your goals, there are a lot of options for setting money aside and seeing it grow – from a traditional statement savings account to CDs, Money Market accounts and more. Start by determining which one meets your needs: Compare Accounts [Link 1]” – Mandy Heaton, Banking Service Manager, Searcy, Ark.

Automate your savings. “Once you’ve identified how much your budget allows you to save each month, setting up automatic transfers into your savings account makes successfully setting money back even easier. It’s more convenient, and it ensures the money actually goes into savings instead of toward another new pair of shoes.” – Tracey Todd, Banking Service Manager, Rogersville, Mo.