Smart About Money: Should you make yourself balance your checking account every month?

A lot of people never balance their checking accounts. They have various reasons that mostly all boil down to the fact that they think it’s a chore it’s okay to ignore.

Online banking has made it easier to feel that way. People will say they keep an eye on their account online and that’s fine for them.

Continue reading Smart About Money: Should you make yourself balance your checking account every month?

If you don’t balance your checking account, please at least do this

With so many online & mobile payments and debit card/ATM transactions, it has gotten more complicated to keep track of what’s going through your checking account. But keeping an eye on your account is very important.

And we have the tools available to help you manage your account. Text alerts, Online Banking and Mobile Banking, telephone banking and even secure emails are all great options. If none of those work for you, you can always call or come see us during business hours at Canton Co-operative and speak directly to one of our Customer Service people.

Continue reading If you don’t balance your checking account, please at least do this

Smart About Money: Can I get a mortgage or home equity line if I’m retired?

Writing in The Wall Street Journal’s Wealth Management Report, retired senior editor Carol Hymowitz said there is “no single road map or retirement plan” these days. She seemed to wish there was.

Was there ever a “single” tried & true retirement road map? Possibly it may have seemed that way. 65 used to be “retirement age.” Today 65 is just another number. Some people are retiring much earlier than 65. Others don’t want to ever retire. If there was a “cookie-cutter,” it’s long gone now. Which is a good thing.

Continue reading Smart About Money: Can I get a mortgage or home equity line if I’m retired?

Get out of debt … and spend less!

Canton Co-operative Bank VP/Senior Loan Officer Anabela Vargas saw on Facebook that a friend had posted they had “evicted SallieMae!” Meaning they had paid off their college loans and were now free of that debt.

“Many people – especially younger people – believe it’s impossible for them to get out of debt. But that’s not true,” Anabela Vargas said.

Continue reading Get out of debt … and spend less!

Smart About Money: But what if the world doesn’t end?

In Martin Scorsese’s “American Masters” documentary about Bob Dylan, Dylan recalls how as a boy he and his classmates had to practice getting under their desks in case of a nuclear attack.

According to Dylan, “Our reality was fear that at any moment this black cloud would explode and everybody would be dead. We grew up with all that.”

Continue reading Smart About Money: But what if the world doesn’t end?