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We all hear the clichés about how to spend and not spend our money. However, how do we know that the financial tips that have been ingrained in us from the get-go are actually valid claims? In this post, we will discuss whether or not it is time to leave these myths behind.
With so many places to put your money, it is hard to decide which institution is the best match for your banking needs. We all have different criteria we look for when choosing a bank. Are there adequate services? Are the customers treated well? Does the institution have a strong online presence? What rates are offered? Here are three lessons learned when choosing to establish a relationship with a local community bank.
What is your net worth? Well, before we can wrap our heads around our own financial status, it’s important to understand what is net worth? Net worth is one of the more general indicators of one’s financial status. When you understand the relationship between your incoming and outgoing funds, you can have better insight into each of your financial goals that knowledge can bring more awareness when you make financial choices in the future.
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