Putting Yourself in the Balance

Slide to your monthly net
household income:

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    0K
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    5K
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    10K
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    15K
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    20K
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    25K
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    30K
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    35K
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    40K

Or enter it here:

The proper balance for someone
with your monthly income:

$0 $0 $0

In 2011, Americans spent $10.7 billion on their wants.

That's about 300 private islands — with money left over for a latte.

We spent $550 million on pretzels alone.

$500 million on golf balls.

$16 million on chocolate.

$310 million on pet halloween costumes.

The Elements of Saving

6 ways to keep your cash

Simple savings tips to help you stretch your dollar.

  • 1. shop with a list
  • 2. coupon, coupon, coupon
  • 3. pack your lunch
  • 4. buy reliable, not cheap
  • 5. use daily deal sites
  • 6. buy in bulk...sometimes

5 ways to save smart

Be strategic in your savings to maximize results.

  • 1. set a realistic goal
  • 2. pay yourself first
  • 3. start now
  • 4. start small
  • 5. use separate accounts

Long Term Savings

Also known as your emergency savings, these funds should cover the 'what ifs' in life.

  • disability
  • medical expense
  • unemployment
  • house or auto repairs
  • insurance deductibles

Short Term Savings

Good news — you get to spend this money and within the next year!

  • home remodel
  • new auto purchase
  • large household purchase
  • vacation
  • holiday shopping
  • weddings

Emergency Savings

Based on your monthly net household income
of $3,000, you should have approximately $9,000 - $18,000
set aside for an emergency (3-6 months of living expenses).

The Debt Trimmer

It's hard sticking to a diet without setting small goals and gaining quick results. Paying down debt is no different. How you structure your debt can help you see results faster, so you can watch your debt shrink away!

Enter your debts in the table below to see how quickly you can become debt free.

What are your debts?

Debt Name Balance Min. Payment Interest Rate Date Debt Paid Off
Delete All Debts WITHOUT TRIMMING DEBT TOTALLY DEBT FREE
Trim my debt!
Debt Name Balance Min. Payment Interest Rate Date Debt Paid Off
BEFORE DEBT TRIM AFTER
BACK TO START SUMMARY DEBT FREE
BEFORE TRIMMING:
#MONTH# #YEAR#
DEBT FREE
AFTER TRIMMING:
#MONTH# #YEAR#
TOTAL TIME DEBT FREE
AFTER TRIMMING:
#years#, #months#

By trimming your debt you are able to see quick results from your efforts. In addition to $ in saved interest, once you’re living debt free you’ll have $ more cash in your pocket each month. That’s cash that would otherwise have been used toward debt payments. How would you use this new found money?

To be successful at debt trimming, be sure to make your minimum payments on all of your debts, but apply as much as you can to your lowest debt balance. Once it is paid off, apply that total payment amount to the next debt on the list — and so on. You can trim your debt even faster by applying an additional payment amount to your lowest debt balance. You will be amazed at just how fast your debt can be trimmed!

According to your monthly net income, if you took 10% of your wants (1,000), or $100 and added that as an extra monthly payment...

Your Debt Trimmer Report

Debt Name WITHOUT DEBT TRIMMER PAID OFF ON WITH DEBT TRIMMERPAID OFF ON WITH EXTRA $100/Month PAID OFF ON
SUMMARY
DEBT FREE ON
DATE
INTEREST PAID
$XXX
DEBT FREE ON
DATE
INTEREST PAID
$XXX

MONEY NO LONGER
NEEDED FOR DEBT:
$XXX over XX months

DEBT FREE ON
DATE
INTEREST PAID
$XXX

MONEY NO LONGER
NEEDED FOR DEBT:
$XXX over XX months

Print my report! BACK TO START

Trimming your debt is a great way to pay off your loans and credit cards faster. If you are struggling with high interest rates and the inconvenience of multiple payments, another great solution is a debt consolidation loan from First National Bank! Contact us today to find out the variety of money saving options we have for you to consolidate your debt at low interest rates and make your personal finances easier to manage.

You’re about to trim your debt. This process will reorganize your outstanding debt balance amounts from lowest to highest. Please make sure all of your debt information is accurate. You can’t edit after this step.

Go back & edit Proceed with Trimming

Due to the relationship between minimum payment amount and balance on one or more of your debt entries, it may be faster to reduce your debt by paying higher debt balances first. Your debts have been arranged to compensate for this occurrence.

Close

Compounding Interest

Banks are willing to pay you for your money. Make sure you are
interest savvy to get more bang for your buck.

Annual Percentage Yield (APY): the annual rate of return on an investment after compounding

A few things to consider about compounding interest:

  • 1. Compounded interest essentially pays you interest on your interest
  • 2. Always compare Annual Percentage Yield over Rate when
    shopping for the best interest on savings accounts
  • 3. The more frequent the compounding, the more money you make
  • 4. The longer your investment sits, the more you earn

With the power of compounding interest, it's easy to earn more in interest than you take from your own pocket. All you need is a little bit of patience. With a monthly contribution of $50 and an assumed 5% savings rate, let's watch how your money grows.

Personal Contributions

Cumulative Balance

30 Years | Contributions: $18,000 | Total Balance: $39,863.31

That's almost $22,000 free money!

Next Steps

Taking action: Making a plan is the
most important part of balancing
your personal budget.

  • 1. write it all down
  • 2. cut back on 'wants'
  • 3. set savings goals
  • 4. find quick savings wins
  • 5. pay down debt
  • 6. make interest work for you

Still have questions?

Here are resources for answers to life's toughest savings & budgeting questions:

Financial Products and Services
As life stages change, so do financial needs. Our personal bankers will recommend products and services that will align with your needs along the way to help you better manage your money and aspirations. Reach out to a personal banker today.
Learn More

402-342-2265
800-642-0014

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First At Work
Employees of businesses participating in the First At Work Program receive financial education and special savings on a variety of banking products and services. Call a First At Work representative today to learn more about the program and to see if your employer is a participating First At Work partner.
Learn More

402-342-2265
800-642-0014

Email Us

Investments
Combining their extensive knowledge and professional experience, our investment advisors can assist you in achieving your financial goals. Sit down with an investment advisor today.
Learn More

888-916-8378

Email Us

Financial Products and Services
As life stages change, so do financial needs. Our personal bankers will recommend products and services that will align with your needs along the way to help you better manage your money and aspirations. Reach out to a personal banker today.
Learn More

402-342-2265
800-642-0014

Email Us

First At Work
Employees of businesses participating in the First At Work Program receive financial education and special savings on a variety of banking products and services. Call a First At Work representative today to learn more about the program and to see if your employer is a participating First At Work partner.
Learn More

402-342-2265
800-642-0014

Email Us

Investments
Combining their extensive knowledge and professional experience, our investment advisors can assist you in achieving your financial goals. Sit down with an investment advisor today.
Learn More

888-916-8378

Email Us

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