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Financial Goals for the New Year

Posted On: January 5, 2023 by Farmers Trust & Savings Bank in: Budgeting

No business in the world would consider going into a year – or even into a quarter – without goals. Why shouldn’t your personal finances benefit from the same type of organization?

Your own financial success is at least as important to YOU as the success a company is to its executives. And, since studies have shown  those who set specific, tangible goals are more likely to meet them than those who approach their lives with a “well, let’s see where this...

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Pencil erasing the word debt

Debt-free in the New Year? Steps to Get Out of Debt Faster

Posted On: December 13, 2022 by Farmers Trust & Savings Bank in: Budgeting

If you’re one of the millions of Americans who added “be debt-free” to their New Year’s resolutions, check out these simple steps to help you get out of debt as quickly as possible.

List your debts and interest rates. It’s time to be honest with yourself. Write down all your loan balances and their interest rates, which should be listed on each statement, in order of rate from highest to lowest. Focus on the highest rate debt. The highest rate is...
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A man at the ATM

All the Ingredients for a Wonderful Holiday

Posted On: December 12, 2022 by Farmers Trust & Savings Bank in: Budgeting

Cook up a memorable holiday with a pinch of gifts, a dash of family time and a healthy mix of vacation…but don’t let your budget burn!

The most wonderful time of the year is not always the most wonderful time for your wallet. Vacation, gifts and holiday meals can all add up. And that’s not even counting any holiday emergencies! You can save up all year for the holidays and still threaten your budget. But don’t fret – we’re here to help when the financial...

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Person holding a high stack of papers

Simplify… Your Paperwork – Your Finances – Your Life!

Posted On: August 23, 2022 by Farmers Trust & Savings Bank in: Budgeting

Buried in forms and statements? Confused by choices and changes in how you bank? Overwhelmed by the time it takes to manage your finances?

We understand – and we can help!

Farmers Bank can help you clear away the piles of paperwork and save you time for your favorite pursuits. We combine the latest electronic services with good old-fashioned personal service. Now you’re in total charge of your financial life!

Add the following services to your checking...

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Offers 7 Tips to Eliminate Debt Faster

Offers 7 Tips to Eliminate Debt Faster

Posted On: April 19, 2022 by Farmers Trust & Savings Bank in: Budgeting

Consider using these tips to take control of your finances

One key ingredient to saving more money is to eliminate debt. Below are seven tips on how to pay down debt faster.

Use tax refund — A new year brings a new tax season. If you are expecting to receive a tax refund in 2022, consider putting all or a portion of that refund toward a debt you want to eliminate this year. Put salary increases toward debt — If you receive a salary increase in 2022, use...
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5 Questions to Consider Before Purchasing Your First Home

5 Questions to Consider Before Purchasing Your First Home

Posted On: March 8, 2022 by Farmers Trust & Savings Bank in: Budgeting, Home Ownership, Money Management

Owning a home is a great investment, but before jumping into the market it is extremely important for consumers to consider the costs involved and budget accordingly to ensure they’re able to meet all of their financial obligations.

Farmers Bank encourages consumers to consider these questions before beginning their housing quest:

How much money do you have saved up?​
Start with an evaluation of your financial health. Figure out how much money you have for a...
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Woman using a calculator

Tips for Developing and Maintaining Good Credit Habits

Posted On: December 27, 2021 by Farmers Trust & Savings Bank in: Budgeting

Farmers Bank and the Independent Community Bankers of America (ICBA) are encouraging customers to plan for their financial future by establishing and maintaining good credit habits to create a blueprint for financial wellness and prosperity in the New Year.

Good credit is essential to a strong financial foundation, so it’s important to build and maintain responsible credit practices that demonstrates sound money management principles to help you achieve your short and long-term...

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Giving Your Child an Allowance: How to Get Started

Giving Your Child an Allowance: How to Get Started

Posted On: September 13, 2021 by Farmers Trust & Savings Bank in: Budgeting

Giving children an allowance is a great way to introduce them to the concept of financial responsibility. The hands-on experience children receive from handling money can go a long way toward developing financial literacy.

Simply giving them money each week isn’t enough, though. For children to get the most value out of their allowance, it needs to be accompanied by lessons on responsible spending. While this may be time consuming, it will prove valuable to them as they grow older.


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Tips During Low Interest Rate Periods

Tips During Low Interest Rate Periods

Posted On: April 20, 2021 by Farmers Trust & Savings Bank in: Budgeting

With interest rates at record lows, consumers face a number of choices for managing their money.  Whether they want to save, spend or invest, consumers are encouraged to consider their options and choose the strategies that best suit their particular financial circumstances.

         Tips for low-interest-rate periods:

Consolidate debt.  With interest rates at historic lows, it makes sense to consolidate debt into one low-interest loan. For...
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Tips for Creating a Budget

Tips for Creating a Budget

Posted On: January 8, 2021 by Farmers Trust & Savings Bank in: Budgeting, Money Management

During any economic times, it is more important than ever for families to develop a budget and stick to it. Rainy-day funds, savings for college, or just making your rent payment can all be made easier with a budget. Farmers Bank supports its customer’s efforts to budget and save by offering expert guidance.

A financial goal can be very motivating, whether you are saving for a family vacation, a down payment for a house or a new pair of shoes, if you stick to a plan, you’re...

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