Cash Management
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
September 10, 2024
As summer winds down, we at Citizens First Bank know how easy it can be for summer vacations, events, and spontaneous spending to take a toll on your savings account. The good news? Fall offers the perfect opportunity to rebuild those savings accounts and refocus on your financial goals. Here are some practical strategies to help you recover from summer spending and make your money work for you.
The first step in rebuilding your savings is to reassess your budget. Take a look at where your money went this summer and identify areas where you might be able to cut back as you transition into fall. Whether it’s dining out less frequently, skipping a few online shopping sprees, or reducing entertainment expenses, trimming non-essential spending can help you allocate more funds toward saving.
Make saving effortless by setting up automatic transfers to your savings account. At Citizens First Bank, our Personal Savings accounts make it easy to automate your savings efforts. You can schedule recurring transfers from your checking account to your savings account, ensuring that you consistently set money aside without thinking about it. Even small amounts add up over time, helping you build that financial cushion.
Consider using tools like our Christmas Club account to help prepare for upcoming expenses. The holiday season can sneak up on us, and having a dedicated account for holiday spending can prevent the stress of overspending in December. Make regular deposits throughout the year, and we’ll send you a check in October—just in time to start your festive shopping with peace of mind.
One of the most effective ways to stay motivated is to set clear, achievable savings goals. Whether you’re rebuilding your emergency fund, saving for a future vacation, or planning for a larger purchase, having a specific target can keep you on track. Citizens First Bank offers a variety of savings accounts that allow you to earn interest while you work toward your financial goals. Our Personal Savings accounts are designed to help you securely store your money while earning interest, creating a cushion for life’s unexpected events or future plans.
Fall is a great time to find new ways to cut costs and redirect those savings into your account. Consider cooking more meals at home, opting for outdoor activities instead of costly entertainment, or taking advantage of seasonal sales for any essential purchases. Small changes in your spending habits can free up funds that can be redirected toward your savings.
At Citizens First Bank, we believe in helping our customers achieve their financial goals. Whether you’re saving for a rainy day, a future milestone, or just looking to build a financial safety net, our savings options are here to support you. With our Personal Savings accounts, you can store your money securely while earning interest, and our Money Market accounts or CDs offer a safe, easy way to save money and earn higher interest. You can watch your money grow, on your terms.
If you have any questions or want to learn more about the savings options available to you, feel free to call or stop by any of our locations. Our team is here to help you build a strong financial foundation—this fall and beyond.
Citizens First Bank – Member FDIC
