Announcement:

We are so pleased to announce all Century Next Bank lobbies will be fully open for business on Tuesday, October 12.&n [...] read more

CNext Blog

More Blog Posts

Improving Credit Scores (8/10/21)How to Spot, Stop, & Report Government Imposter Scams (7/19/21)Phishing: Don't Take the Bait (7/13/21)Money Mule Scams (7/6/21)Imposter Scams: Say No, Keep Your Dough (6/28/21)Busting Homebuying Myths (3/15/21)Electronic Banking: Online Shopping Safety Tips (3/8/21)Protect Yourself from Coronavirus Scams (3/1/21)Bank Statement Security (2/24/21)Debit Card Safety Tips (12/21/20)How To Avoid Phishing Scams (12/1/20)Personal Information Precautions and Third Party Apps (11/6/20)5 ATM Safety Tips (10/20/20)4 Ways To Protect Your Passwords (9/22/20)SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers (6/22/20)Is My Money Safe in the Bank During the Coronavirus Outbreak or Other Unexpected Situations? (4/3/20)8 Financial Tips for College Freshmen (9/26/19)Teacher Spotlight (9/20/19)Teacher Feature: Sarah Wages (9/13/19)Ashley County Teacher Spotlight (9/3/19)Ouachita Parish Back-to-School Edition (8/27/19)Teachers Impact Our Community (8/21/19)Hometown Heroes: Gage Selby and Tori Simmons (7/12/19)Hometown Heroes: Carolyn & Devin Chadwick (7/5/19)More New Faces at Century Next Bank (6/28/19)Century Next of Ashley County Welcomes New Employees (6/20/19)Introducing New Faces in our Century Next Family (6/14/19)Thank You For Being On The Journey Into The Next Century With Us! (6/4/19)The Heart | New Name. Same People. Same Priority. (2/7/19)Bank of Ruston Changes Name to Century Next Bank (2/1/19)BOR + FNBC | A Personal Story (1/29/19)How To Purchase A Home (8/15/18)Safe Deposit Box Etiquette (7/25/18)Bank of Ruston is Growing (5/22/18)Beneficial Ownership Requirements for Legal Entity Accounts (5/9/18)

Six Tips for Your Financial Spring Cleaning

Tuesday, May 15, 2018

Spring_BOR_Tips.pngAs the spring season is a motivating time for many to clean, sort, and tidy up around the house, Bank of Ruston is encouraging consumers to add financial organization to their spring cleaning to-do list. To help, BOR has highlighted six tips for organizing your financial house.

“People are motivated to get things done when the weather warms up and the flowers bloom, which makes it an ideal time to look closely at your savings and spending habits,” said Sheri Burt, Vice President of Lending. “Putting in the work now will help you live your best life in the months ahead.”

BOR recommends these six tips to help consumers organize their finances:

  1. Review your budget. A lot can change in a year. If you’ve been promoted, had a child, or became a new homeowner or renter, be sure to update your budget. Determine what expenses demand the most money and identify areas where you can realistically cut back. Develop a strategy for spending and saving – and stick to it.

  2. Evaluate and pay down debt. Take a look at how much you owe and what you are paying in interest. Begin paying off existing debt, whether that’s by chipping away at loans with the highest interest rates or eliminating smaller debt first.

  3. Set up automatic bill pay. By signing up for automatic bill pay, you’ll never have to worry about a missed payment impacting your credit score or costing you late fees. You can set it so that money is withdrawn from your checking account on the same day each month.

  4. Sign up for e-statements, paperless billing, and text alerts. Converting to paperless billing will help keep your house—physical and financial—more clean and organized, and will help protect you from fraud.  With BOR’s online banking, you can schedule text messages to alert you when certain transactions happen.  The Shazam BOLT$ app also alerts you when potential fraudulent debit card transactions occur.

  5. Check your credit report. Every year, you are guaranteed one free credit report from each of the three credit bureaus. Take advantage of these free reports and check them for any possible errors. Mistakes can drag down your score and prevent you from getting a loan or cause you to pay a higher than necessary interest rate.  Visit www.annualcreditreport.com to obtain your free credit report.

  6. Manage your money on the go. Utilize BOR’s mobile app to check your balance, pay bills, transfer funds, and even deposit a check from wherever you are.

Let us help you meet your financial savings goals.  Give us a call in Ruston at 318-255-3733 or in Monroe at 318-812-2265. 

Tags: Budgeting  |  Debt Reduction  |  Money Management  |  Online Banking  |  Savings


More Blog Posts

Improving Credit Scores (8/10/21)How to Spot, Stop, & Report Government Imposter Scams (7/19/21)Phishing: Don't Take the Bait (7/13/21)Money Mule Scams (7/6/21)Imposter Scams: Say No, Keep Your Dough (6/28/21)Busting Homebuying Myths (3/15/21)Electronic Banking: Online Shopping Safety Tips (3/8/21)Protect Yourself from Coronavirus Scams (3/1/21)Bank Statement Security (2/24/21)Debit Card Safety Tips (12/21/20)How To Avoid Phishing Scams (12/1/20)Personal Information Precautions and Third Party Apps (11/6/20)5 ATM Safety Tips (10/20/20)4 Ways To Protect Your Passwords (9/22/20)SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers (6/22/20)Is My Money Safe in the Bank During the Coronavirus Outbreak or Other Unexpected Situations? (4/3/20)8 Financial Tips for College Freshmen (9/26/19)Teacher Spotlight (9/20/19)Teacher Feature: Sarah Wages (9/13/19)Ashley County Teacher Spotlight (9/3/19)Ouachita Parish Back-to-School Edition (8/27/19)Teachers Impact Our Community (8/21/19)Hometown Heroes: Gage Selby and Tori Simmons (7/12/19)Hometown Heroes: Carolyn & Devin Chadwick (7/5/19)More New Faces at Century Next Bank (6/28/19)Century Next of Ashley County Welcomes New Employees (6/20/19)Introducing New Faces in our Century Next Family (6/14/19)Thank You For Being On The Journey Into The Next Century With Us! (6/4/19)The Heart | New Name. Same People. Same Priority. (2/7/19)Bank of Ruston Changes Name to Century Next Bank (2/1/19)BOR + FNBC | A Personal Story (1/29/19)How To Purchase A Home (8/15/18)Safe Deposit Box Etiquette (7/25/18)Bank of Ruston is Growing (5/22/18)Beneficial Ownership Requirements for Legal Entity Accounts (5/9/18)