Smart Debt: Choices That Shape Your Financial Future
Posted On: September 13, 2024 by Prevail Bank in: Banking
Some people avoid debt entirely, choosing to pay for everything with cash or their debit card. This approach is valid and keeps spending in check, but it may not help build credit for future borrowing needs.
For most of us, debt is a part of life, used for everyday expenses and major purchases. When managed wisely, debt can be a valuable investment in yourself and your future.
Examples of Positive Debt: Student Loans:Investing in education through a...
Do I Really Need to Identify a Beneficiary?
Posted On: August 15, 2024 by Prevail Bank in: Banking
You don’t have to identify beneficiaries for your deposit accounts (checking accounts, savings accounts, certificate of deposits (CDs)…), but there are many reasons why you would want to. 1) If you do identify a beneficiary for your financial assets, your loved ones will get that money, stocks and bonds, insurance policy payout, etc. a whole lot quicker than if you didn’t. Because when you don’t identify a beneficiary, your deposit accounts, upon your...
