<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1594118447410323&amp;ev=PageView&amp;noscript=1">

It's a great day for site-seeing. Welcome to our new website!

fdic FDIC-Insured—Backed by the full faith and credit of the U.S. Government
Menu

Back to the Future

Skip the hindsight regrets by taking smart financial advice now

Blog_-_Financial_Advice_Young.jpgAt times, we wish we could see into the future to find out where we’re heading in life. Luckily, you don’t need a crystal ball to make smart financial decisions.

Here’s some of what you’d learn if you could receive money tips from an older, wiser you:

Having money in the bank doesn’t mean you can afford something. There’s a difference between having the cash to purchase something and being able to afford it. If a purchase means not saving for the future, not having an emergency fund, or being broke, put it off until you have sufficient money set aside to make the purchase.

Spend less than you earn. Always make sure your bills and expenses don’t exceed your income. That means buying used, making cutbacks, and being frugal about spending until you earn enough money to fund the lifestyle you’ve always dreamed of.

Save, save, save! Put aside as much as you can for the future—ideally at least 10% of what you earn. Then every time you receive a raise, rather than spending it, try to boost that number.

Be smart about credit and debt. Mortgages, student loans, and car loans are all responsible ways to carry debt. A credit card or other loan can be a responsible debt as well—unless you max out your card due to uncontrolled spending. Use loans and credit cards only for items you need to purchase or plan to pay off as quickly as possible.

 Learn more money management tips

Ready to connect with a banker?

We are here to assist you with all of your financial needs. Whatever way you prefer to connect, we are here to help.

You Are Leaving Our Site

Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. Be aware the privacy policy of the site to which you are going may differ from that of Independent Bank. Independent Bank provides external links as a convenience and is not responsible for the content, accessibility, or security of any linked web page.

Click “Continue” to continue or “Return” to go back.