Here are the four basic things you need to secure a stable and stress-free financial life…
Checking Account. The most basic account – but the one that holds a significant amount of your purchasing power. A checking account allows you to have a centralized location for your disposable income, while also providing you with an efficient way to manage and monitor your money. The biggest mistake one can make is to operate their money out of a checking account that frequently charges fees for an excess number of purchases. Consider opening a SeaComm Checking account, today! The benefits? No monthly fees, no per item charges, no minimum balance requirement, and a Visa Debit Card which enables you to withdraw funds, make point-of-sale purchases and shop online. With a SeaComm Checking account, you have access to our new mobile banking app, Mobile 4.0, which has made it easier than ever to monitor your accounts from the convenience of your phone! Click here to get started, or call us at (800) 764-0566.
Savings Account. Most people are aware of the importance of an emergency fund. Experts suggest that one should maintain a savings account equivalent to at least three to six months of expenses; rent/mortgage, miscellaneous bills and other living expenses. It’s only $5 to open a Regular Savings Account at SeaComm, with 24/7 access to your account and competitive dividend rates! To learn more, click here.
Good insurance. Whether it is health insurance, homeowners insurance or renters insurance…it’s important to have a substantial “cushion” in the event that something unexpected or unfortunate happens. A lack of insurance is where so many people fall short – following an unexpected occurrence and being forced to withdraw from savings or retirement funds to stay afloat.
Retirement fund. In order to ensure financial stability in your golden years, you’ll need to start planning as far in advance as possible. If you aren’t currently contributing to a 401(k) or an Individual Retirement Account (IRA,) it’s never too late to start. Or if you are contributing to a retirement savings but not a significant amount, you might want to consider an increase in your regular contribution. Click here to learn how you can open an IRA with SeaComm!