Staying on top of your finances can prove challenging, especially when bills, debt, daily expenses and saving come into play. Finding your way to financial freedom takes time which is why Axiom Bank has compiled a few steps you can take to improve your finances. Coupon Like Crazy Some people always pay full price for items. Nowadays, there should be no reason to empty your wallet to that extreme. You can go old school and buy extra newspapers when the coupons are good. We also recommend that Read More

What’s the secret to having a large savings account? Spending less money is, of course, a simplified answer. But what does that look like in your daily life? We have gathered some out of the box tips that you may have not considered before. Get ready for ideas that will challenge your spending in a new way! You. Don’t. Deserve. Everything. This concept is very counter to the message that society places on us every day. Many of us are privileged when it comes to our basic needs being Read More

If you’re fortunate, your parents may have taught you how to save your allowance or a certain percentage of each paycheck. However, if those skills weren’t taught to you or you just plain didn’t listen, we are here to help you at the beginning of your financial journey as an adult! Stay tuned for some simple tips you can start doing now to strengthen your current and future financial habits. Create a Budget Most adults who have been managing their money for years have yet Read More

Congratulations, after your roaring twenties, you have made it to the thriving thirties. Unfortunately, with another candle added to the cake comes another responsibility. People in their thirties have a very high amount of expenses from a house payment to the cost of little ones, which is why we wanted to offer the following solutions to saving. Automate Savings Hopefully, you have already begun a savings account for the other financial goals in your life. If not, no worries! You’ve Read More

An IRA is an individual retirement account that is used as a tool for people to earn and earmark funds for retirement savings. Retirement may seem far away, but the earlier you start to save, the better off you’ll be! These accounts can hold more money than any other type of retirement account. You have flexibility when choosing investments and minimizing taxes, which means an IRA can play a huge role in how prepared you are for retirement. With that said, many people don’t fully understand Read More

Shopping for the holiday season can get expensive especially with gifts for the whole family and hosting traditional holiday parties. Luckily, this holiday season we are offering you 5 top-notch money saving hacks so you save more than you spend! Be a Thrift Store Champ - When you shop at thrift stores, you can find inexpensive gifts and decorations for this holiday season. This is the perfect spot to find your ugly Christmas sweater and a wonderful resource for one-of-a-kind gifts. The items Read More

The holidays are upon us! Have you put together a savings plan? With all of the expenses hitting you at once, it’s important to have a plan of action. With the following tips and tricks, you can keep your holiday shopping merry and bright. Make a List Create a comprehensive list of every expense you will have over the holidays. This can include presents, envelopes, stamps, cards, wrapping paper, bows, name tags, food, a tree, decorations and so forth. Once you create that list, see if Read More

Finding different ways to save can be tough, however, we want to encourage you to stay on track and jumpstart your finances. With these fun money challenges, you can motivate yourself to become the savvy saver we know you can be! 1.   52 Week Face Off Instead of changing your spending habits overnight, try this challenge. Over the course of the year, you’ll have a grand slam total of $1,378. Start by putting one dollar in a jar the Monday of week number one. Increase it by a Read More

If you’re looking to buy a house, having a larger down payment will reduce financial stress in the long run. However, in order to put a larger sum of money down, you will need to take the right steps to save. Follow these 5 steps and you will be on your way to owning your first home! Step 1: Figure out how much you will need to save - If possible, secure a number or range on the amount you can responsibly spend on a house. You can plan to sit down with a mortgage lender or use a home buying Read More

It can be difficult to figure out how much money you need to be able to enjoy a comfortable retirement because a true monetary amount is different for everyone. It depends on factors such as where you’ll live, how healthy you are, and what you want to achieve in retirement. For example: travel or buy a beach house. Ultimately, it depends on your lifestyle. But, here are some general guidelines to help you refine your answer. Figure out your living expenses. It is best advised to calculate Read More