Congratulations on your new place! Now that you’re settling in, there are some important things you need to consider. Burke & Herbert Bank recommends these six important tips: #1 Create a Budget The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It’s Read More »
Millennials looking to make their next housing move face a tough decision: to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. “Millennials should weigh a number of factors before Read More »
When considering buying a home, the down payment you make up front plays a major role in your future housing expenses. According to the Consumer Financial Protection Bureau, the down payment amount can greatly influence your mortgage interest rate, your monthly mortgage payment and your need for mortgage insurance. Typically, lenders require anywhere between five Read More »
It’s time for spring cleaning – time for cleaning, sorting and tidying up around the house. Spring is also a great time to do some financial organizing and tidying up as well. To help get you started, here are six tips for getting your financial house in order: #1 Review Your Budget A lot can Read More »
It’s summer, and you know what that means – vacation! Summer vacation is a time for fun, laughs, adventures, and new memories. But that doesn’t mean it has to hurt your wallet. Here are five tips on how you can save money and still have fun on your summer vacation: 1. Set a Budget When Read More »
For most of your adult life, you’ve had to deal with spending, budgeting, and saving. Now comes the fun part: teaching your children how important it is to be smart with their money! Starting to teach these lessons at a young age will help your children build smart money habits that will stick with them Read More »
Kids’ Banking 101 It’s never too early to learn about money and the importance of financial responsibility. Strong financial values now can lead to big dividends later in life. Use the information below to teach your children the basics of banking. Checking A checking account is the most common type of bank account. Unlike a Read More »
Just as your teen prepares for their drivers’ license, they need to prepare for their financial future. In the same manner that you carefully log their 40 hours of driving, some during the day, some at night, some highway, some city, you should also devote time to preparing your teen to be a financially successful Read More »
Your credit report tells the story of your financial history. Credit information is gathered from creditors and public records and maintained by the three major credit reporting bureaus – Equifax, TransUnion and Experian. It contains everything from your name, Social Security Number, address and employment status to credit card accounts, mortgages, car loans and student Read More »
