Recent Posts by First State Community Bank

6 Financial Habits to Set Yourself up for Success

Achieving financial independence doesn’t happen overnight—it’s a journey. By changing some of the everyday decisions you make regarding money, you can create a great financial future. 

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Budgeting for Large Expenses: A Step-by-Step Guide

No matter how detailed your monthly budget is, life will occasionally throw a large and possibly unexpected expense your way. This can make it impossible to keep spending completely consistent from one month to the next—and if you’re living paycheck to paycheck or trying to keep spending to a minimum, these irregular costs can throw your planning out of whack.

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Here’s How to Calculate Your Net Worth and Why It Matters

It may seem like checking your bank account balance is the only thing you need to do to measure your financial wellness. In reality, though, that’s only part of the picture. The amount of cash you have on hand doesn’t take into consideration other financial accomplishments, such as the amount of debt you are paying off, the investments you’ve made, or the equity you’ve built in a home.

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5 Things Financially Successful People Do Differently

Smart money management isn’t a skill you’re born with. It’s something you develop over time, through a combination of financial education and habit development to reinforce the behaviors that enable financial success.

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6 Money Tips for High School Students to Know Before Starting College

Well before you earn a paycheck from your first full-time job, you can start building the skills you need to become a smart money manager. 

Even if you don’t have much money in your pocket today, it is important to have some financial know-how as you start living more independently.

The college experience will likely help you learn how to live within your means, but a little financial wisdom can make that transition much easier. Here are six money tips to consider as you look ahead to college.

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How Credit Scores Are Calculated and What You Can Do to Improve Your Credit Rating

Credit report bureaus are intentionally vague about how their credit scores are calculated. Because of this, it is impossible to know exactly how different types of credit activity will have an impact on your credit rating.

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Building Wealth: Why You Should Adopt a "Pay Yourself First" Budgeting Method

If you’re living paycheck to paycheck, building wealth or simply setting aside money for the future can feel daunting. Even the idea of creating a budget might make you feel like you are having to sacrifice too much in the short term in order to hopefully reap the benefits down the road.

But in reality, budgeting is all about creating more opportunity for yourself, not less; more money in the bank equals more financial freedom. By using your budget to “pay yourself first,” you can start building real wealth through saving and investing.

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Millennial Money: Should You Have a Side Hustle?

Do you work full-time, but you’re thinking of starting up a side hustle? You’re not alone. Research shows that 64 percent of millennials currently work a side hustle or have done so in the past. And millennials out-earn other age brackets when working their side hustle, pulling in nearly $11,000 per year.

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5 Strategies for Paying off Credit Card Debt Faster

Not all debt is created equal. When it comes to debt that can put you in a financial hole and make it tough to climb out, credit card debt is near the top of the list.

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Saving Money While You Sleep: The Benefits of Automating Your Savings Plan

Most adults understand the benefits of saving money over time. Whether you’re faced with unexpected bills or looking ahead to big purchases such as a house or a car, the ability to save affects your ability to reach almost any of your financial goals.

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