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

You only want the best for your child - but how much does the best cost? Figuring out the amount of money to begin putting away for your child’s tuition can be tough. Yes, they will be able to contribute, but it doesn’t hurt to help them get the educational future they deserve. That’s why Axiom Bank offers some insight into early funding strategies for your child’s education today! Get the 411 on the 529 Also known as Qualified Tuition Programs, 529 college plans are Read More

If you’re like 10 percent of the active American workforce, you are self-employed. Those who enjoy going into business for themselves find a great degree of freedom and empowerment. These benefits can be quickly overshadowed by the effects of poor money management. In order to realize your dream and help your business thrive, certain key habits and skills are critical. 1. Organize, Organize, Organize! You may have already thought about the most exciting aspects of your business, such Read More

Warm, sunny weather calls for a glass of ice cold lemonade. Now that the kids are out of school and looking for activities to entertain them, now is the perfect chance to teach them a little about finances. Here are a few quick tips to help teach your children how to be fiscally responsible. Have them buy the materials. When deciding to have a lemonade stand, it is important that your children know the value of money. By having them calculate the cost of the lemonade, sugar, cups, sign, sunscreen Read More

Savvy savers are full of great ideas and qualities, so those who aren’t the best at keeping our finances in check are always left wondering how they do it. Thankfully, Axiom Bank offers a bucket list with some of the expert saver’s top priorities you can strive to meet! Pay off your credit card debt. As the average American has $16,000 worth of credit card debt, focusing on paying off yours can be a big financial undertaking. There are different methods you can utilize such as The Read More