Northfield Bancorp Staten Island NY : Seven Tips to Establish Good Saving Habits
April 20, 2023 at 09:35 am EDT
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This article was provided by American Bankers Association.
- Pay yourself first. If you wait to see what income is left over after paying expenses, you are less likely to save. Determine in advance how much money you plan to deposit each month. If you receive a raise, increase the amount of money deposited into your savings account.
- Take advantage of bank technology. Consider automatic payroll deductions or automatic transfers from checking to savings. Arrange to have a specific amount transferred to your savings account every pay period.
- Pay your bills on time and pay more than the minimum amount. While 97 percent of Americans pay their bills on time, some consumers pay late fees. Alleviate the hassle by scheduling time once a month to pay bills, and put them in the mail with enough time to get to the creditor.
- Determine needs versus wants. Do you need to eat out every day for lunch? Do you need that gourmet cup of coffee in the morning? By bringing your lunch to work a couple days a week, you can save hundreds of dollars a year.
- Shop around. There are thousands of options for financial services products. Be selective, and get the best prices, services, and lowest fees for credit cards, bank accounts, mortgages, and CDs.
- Consider investments. For long-term goals, such as saving for a home or retirement, consider bonds, mutual funds, real estate, and stocks.
- Consult your local bank. Ask which bank products and services would best suit your needs. Your banker is the best source of information about accounts and interest rates available.
Northfield Bancorp Inc. published this content on 20 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2023 13:34:07 UTC.
Northfield Bancorp, Inc. is the holding company for Northfield Bank (the Bank). The Bank is a federally chartered savings bank. The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home main office located at a branch in Staten Island, New York, and its 38 additional branch offices located in New York and New Jersey. The Bank's principal business consists of originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans, and home equity loans and lines of credit. It offers a variety of deposit accounts, including certificates of deposit, passbook, statements, and money market savings accounts, transaction deposit accounts, which are Northfield Bankâs primary source of funds for its lending and investing activities. Its principal lending activity is the origination of multifamily real estate loans and other commercial real estate loans in New York, New Jersey, and eastern Pennsylvania.