A gentleman came into the Bank to get an objective opinion on a car loan he was considering.
“The people at the dealership asked me what I was looking to pay a month,” he told me. “And that’s the amount the payment is. I can see that. But it looks like this car loan goes out to 2024. Can that be right?”
Continue reading Smart About Money: The negotiating question you should never answer?
Have some people mis-used Home Equity Lines of Credit? Absolutely! In the mortgage meltdown of 2008, a lot of people used their equity to enhance their lifestyles, putting that spending “on the house” instead of on a credit card. (A colleague recently told me about a grandparent who maxed out $175,000 of home equity treating their grandkids to gifts and expensive trips – quite a sum.)
Continue reading Smart About Money: Be your own loan officer with a Home Equity Line
There are a couple of situations when a local business owner should absolutely take action to determine if someone is abusing your trust and embezzling from your business.
Continue reading Smart About Money: Is someone you trust embezzling from you?
Will it ever be settled whether it was Patriots’ coach Bill Belichick who made Tom Brady great or the other way around? Who knows!
Having the chance to play school sports for many outstanding coaches and having done some coaching myself, I’m sure Tom Brady realizes he’s lucky to have a head coach like Bill Belichick taking care of The Big Picture and making decisions that let him focus on being the best quarterback he can be.
Continue reading Smart About Money: Coaching Yourself To Financial Success
Bruce Murphy is the owner of Bruce’s Floor Cleaning Service here in Canton and I have his permission to share this story with you.
One day in the mail, Bruce received a letter from the “Embassy Lottery Company of New York & London.” There was a check in the letter, drawn on the Presidio Bank in California against the account of a company called City Lights. Inc. The letter said Bruce had won a big prize.
Continue reading Smart About Money: Canton man saves himself from scam
Even people who are super-organized with their finances often don’t have things set up so that anyone could come in and carry on for them in case of an emergency.
Continue reading Smart About Money: Get your finances in order with this January jump-start
Community bankers often hear that their bank reminds customers of the Bailey Bros. Building & Loan from the classic 1946 movie, It’s A Wonderful Life. Which is a great compliment. What was it about the Bailey Bros. Building & Loan that people still remember it so specifically and so fondly seven decades years later? A couple of things.
Continue reading Smart About Money: “It’s A Wonderful Life” … but why exactly?