Category Archives: Smart About Money

Smart About Money: “It’s A Wonderful Life” … but why exactly?

 

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?

Smart About Money: Why Leave The Home You Love?

I recently met with a couple in their very early 70s who were starting to think about downsizing. Why? Basically, because they were under the impression that it was “what everyone did”, that it was “the right thing to do” and they wanted to be “prudent.” They were considering buying a condo and were wondering if it would be better to get a small mortgage or pay cash.

Continue reading Smart About Money: Why Leave The Home You Love?

Smart About Money: You’re not “just a number” … or are you?

It seems that there’s quite a bit of misunderstanding about FICO scores and how lenders use them.

Some people have come to believe that “their” score says everything about who they are – as if that one number summed them up and defined them, for better or worse.

Continue reading Smart About Money: You’re not “just a number” … or are you?