Monthly Archives: January 2016

eStatements and Online banking

Mobile BankingeStatements and Online Banking

Titonka Savings Bank provides safe, speedy, and current access to your finances in-and-out of the office. Did you know that you can receive the same quality service on your digital device? Take a look at the benefits of our Online Banking and eStatements options.

Check your balance: When having a conversation about a trip, gift, or medical expense, don’t let the talk derail because of uncertainty surrounding your funds. View your balance and account history in a flash. You can also opt to receive e-mails alerting you to monthly updates to your eStatements so you can stay on top of your finances.

Transfer Funds: Savings and checking, your multiple accounts shouldn’t be a headache to manage. Transfer funds from one account to another with just a couple of clicks.

Automatic payments: Shelling out for your mortgage and car payment each month gets redundant. With the automatic payment system, we’ll remove the monotony of monthly payments. Select a reoccurring expense, and set the amount due by a certain date each month. When the date rolls around, a payment will be made automatically.

Set reminders: If you prefer to pay bills on a month-to-month basis, Online Bill Pay allows you to set e-mail reminders so you can receive notifications and avoid late fees.

Stay organized: Instead of shuffling papers between filing folders, simplify your system by grouping similar payments into categories. Access multiple household expenses like utilities, cable, and electric in one convenient location of your specification.

Go green & stay safe: Digital payments cut down on the need for paper bills, allowing you to opt for an eco-friendly alternative. Plus, it reduces the risk of identity theft and fraud.

Keep a record: Don’t waste time worrying about whether or not you paid your bill. Access a history of your payments with a couple of clicks to put your mind at ease.

For information on extra features or assistance setting up your online account, call Titonka Savings Bank at (800) 920-2085 today!

Auto Financing

AutoPurchasing a new vehicle is always an exciting venture. Here at Titonka Savings Bank we want to help you maximize your buying experience with a trusted and affordable auto loan. Before you start roaming the car lots, glance at our easy auto check list to see what type of vehicle both you and your budget are searching for.

Determine if you want a new or used vehicle.

Many auto dealers today offer both new and used. While new can offer updated technology and the assurance of no prior owners, choosing a used vehicle can drastically diminish cost and offers a comparable quality with moderate mileage.

Decide on a budget and a timeline.

When choosing the right vehicle to purchase, there are many questions to help you research which may be best on your pocket book in the long run.

-How long do you want to drive this vehicle?

-What does your budget allow you to spend for the down payment and installments?

-When do you need your vehicle by?

-What type of MPG do you need to keep gas costs within your overall budget?

-How long do you want to be paying the loan off? (0-5 years)

With these questions in mind you can better view the credentials needed for the ideal vehicle for you and your family.

Save your down payment.

Speak with one of our lenders to confirm your auto financing needs and decide on an appropriate down payment amount. As a general rule 20% of the final cost of the vehicle is ideal, however depending on your personal finances a lower percentage may be available to you.  Be sure to include any maintenance work, tires, or other repairs a car may need in the overall cost.

Talk to us!

If you have any questions or want to begin the process of auto financing call or stop by today. We’re happy to help, and look forward to making your auto buying dreams a reality.

Practice good car maintenance.

After purchasing your new vehicle you’ll want to keep it prepped and ready for the winter! Try some of these quick tips to keep your car safe and warm this winter.

  1. Warm up your care before you go to work to make scraping ice easier.
  2. Rotate your tires to ensure a stronger tread on tires.
  3. Keep a winter emergency kit in your vehicle, just in case!
  4. Maintain a full gas tank when possible to avoid freezing gas lines.

Keep your car and your bank account at peak performance by completing routine monthly maintenance!

Honeymoon Finances

HoneymoonAfter tying the knot, finances can be a tricky subject, but they are an absolutely necessary discussion. As Dave Ramsey says, “If you can talk about money, you can talk about anything.” Getting your finances put together takes some decision making, but here are some basic guidelines to get you started.

Be transparent with one another.

Begin the conversation with sharing each of your individual financial states, and the goals you have for where you want to be in the coming years. Once everything is out on the table you are able to dissect the differences between your finances and discover any areas that perhaps you differ on. If say one of you has debt and the other does not, then you are able to build a plan to first eliminate your now joint debt. By being open with one and other you can communicate more efficiently and work toward the goals you each share.

Evaluate your account setup.

In today’s world the words “joint checking” don’t always apply. While most common among married spouses with children, a joint checking account can provide a larger sum for paying expenses and saving toward goals. Additionally spouses today are also utilizing a combination of joint and separate accounts to maintain relative independence and have access to personal spending funds. Some couples choose to select separate accounts for all their financial means, paying bills fifty-fifty or perhaps every other. Whichever account scenario you choose, ensure that you and your spouse are on the same page, establishing ground rules and acceptable spending habits.

Make a plan and stick to it.

At least once a month set aside time in your day to discuss finances with your spouse. This helps alleviate any financial tension should any money situations arise. By openly discussing successes and failures in your household finances on a regular basis you maintain a level of security in seeing where your finances stand in conjuncture with your goals each and every month. To be successful with your finances your spouse and you must create and maintain a household budget. When creating your monthly budget remember to factor in costs for any loan installments, debt repayment, monthly expenses, and joint or separate savings. By evaluating your budget during your monthly finance discussions you can track your progress and adjust the budget if needed to better reach your joint financial goals.

By utilizing these simple tips you will begin the path to financial security and grow in your monetary capabilities. As Ramsey says, “Marriage is a partnership, and couples can’t win with money unless they’re doing the budget as a team.

Filing Taxes Early

RefundDid you know nearly 20% of U.S. taxpayers wait until the last two weeks before the deadline before submitting their taxes? Submit your income taxes early this year with our quick and easy how-to guide!

File your taxes IF necessary.

After receiving your W-2’s from employers, determine if you need to file taxes, or if you are able to claim exemption. If you have had money withheld from your paycheck, you want to file taxes. As a general rule, if you’re single making over $9,750, or married and filing jointly making over $19,000, then yes you need to file your income taxes. There are however additional financial limits for head of household, widowers, and tax payers over 65. Once you’ve determined that you need to file the next step is choosing your manner of filing.

Choose the best medium of filing for you.

With so many options in filing your taxes it’s hard to decide which option is best for you and your family. If your household income is less than $58,000 the IRS provides free online filing software that can be used to file relatively simple returns. If you prefer to do the filing yourself and are well versed on potential deductions and other regulations, you can print out the tax forms mail your taxes straight to the IRS. If you’d like some added assurance in your filings using a tax software or hiring a local tax consultant can be beneficial when you have a more complex tax filing, or want further education in the process tax filing.

Utilize the capabilities of deductions.

Filing income taxes can at times feel like a run-around, however if done properly the outcome can benefit you greatly. Deductibles are an opportunityRefund that many citizens take advantage of, allowing you to deduct various expenses from your taxable income, potentially bringing you to a lower tax bracket. Below are several simple ways you can utilize tax deductions.

  1. Charitable donation deduction – keep receipts for any donation to a certified non-profit, even baked good donations may be deducted if the receipts are kept from the purchase of ingredients.
  2. Relocation deduction – after moving 50 or miles away for a new career you are able to deduct the cost of moving expenses, storage, and travel expenses if you have worked there for 39 weeks or more. If you have not yet worked 39 weeks, but you will accomplish that number in the coming year, you may still file your deduction.
  3. Mileage deduction – maintaining a rigorous travel log, may seem tedious, but it will pay off in the long run. If you’re driving for volunteer work, job-hunting, or doctor’s appointments you can deduct the mileage from your taxable income so long as you have your travel log and relative receipts.

You’ll be a tax whiz in no time! Remember to complete your filings early, the sooner you submit them the sooner you receive any potential refunds! Let us help you secure those future refunds with a savings account with Titonka Savings Bank!