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A Resource For Home Buyers

We want to be a one-stop home buying resource for you, and one way we’re doing this, is by providing helpful tips and information about the mortgage industry, buying and selling your home – and many other useful topics that you’ll likely encounter on your path to home ownership. We’re confident that you’ll learn something new every time you visit this page.

3 tips to stop wasting money

3 tips to stop wasting money

With the Pew Charitable Trusts finding that 55 percent of Americans are just breaking even or living above their means, it's clear many people need some help with their spending. So, what can you do to hold onto your money? 

1. Make a budget
The first step here is to figure out how much money is coming in versus how much money absolutely has to go out. Creating a budget is the best way to do this, and Mint is a great tool to help you on your journey. This platform basically allows you to consolidate all of your financial information in a singular location, enabling a fuller understanding of where you stand each month.

"Eating out every day adds up quickly."

2. Stop eating out
One of the most popular ways in which people waste money is by eating out all the time. A $10 meal here and there may not seem like much in the moment, but doing so every day adds up quickly. Bring a bag lunch to work and save the restaurant for a special occasion. 

3. Cut transportation costs
If money is really getting tight, you may have to consider your personal transportation costs. Those living in the city can easily cut down on public transit by investing in a bike, while those in the suburbs or rural areas could certainly benefit from a carpooling scenario. Moving around is pretty expensive, and there are often many ways in which you can reduce these costs. 

At The Federal Savings Bank, we understand how hard you work for your money, and we're here to help you succeed financially.