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First Reliance Bank

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Side of Life

Tips For Avoid Overdrafts

The following information will help you manage your account wisely.

Know Your Balance

  • If you have a joint account, designate one person as the account manager
  • Consider direct deposit of your payroll checks and other benefit payments
  • Record all checks, ATM transactions, debit transactions, account fees, and deposits in your checkbook and keep a running balance
  • Never write a check or make a charge on your debit card for more than you

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Checkbook Balancing Steps

Balancing your checkbook is one of the most basic habits for good money management. This is a simple method of verifying that your records (your checkbook register) match the bank’s records, as shown on your monthly statement. Balancing your checkbook can be done in six easy steps, as outlined in the worksheet below.

Step 1 Compare your account register to your account statement for unrecorded transactions (such as ATM, Check

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Managing Your Money

Plan

Assess your needs for the future, major purchases, and periodic expenses.

Set Financial Goals

Determine your short, mid- and long-range money management goals.

Know Your Financial Situation

Determine your monthly living expenses, periodic expenses and monthly debt payments.

Make A Budget

Follow it closely and evaluate it regularly, comparing actual expenses with planned expenses. See our financial tools.

Don’t Exceed Your Income

Pay down on credit cards, pay more than the minimum amount and

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6 Smart Money Moves for New College Graduates

More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2017. Considering the additional living expenses they’ll soon face, new college graduates would be wise to focus on their financial future right now. We have highlighted six smart financial decisions college graduates should consider to position themselves for financial success as they embark on their next phase of life. The habits new graduates develop

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