Spending
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Stop Spending Money With These Strategies
December 16, 2019
Categories: Budgeting, Save Money, Savings, Spending
Do you feel like you have a sufficient income, but never any money? You’re likely spending more than you realize on non-essential items. This often happens to those who don’t have a budget established. If you’re guilty of too easily swiping your card, these strategies can help keep you in check. Know Your Triggers Spending money thoughtlessly is what gets too many people into trouble and in financial positions they do not want to be in. If you seem to have Read More
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Nature v. Nurture: The Psychology of Spending
May 10, 2017
Categories: Budgeting, Savings, Spending
If you’ve ever taken Psychology 101, you’ve probably heard the argument for nature v. nurture. In this multi-century discussion, psychologists have debated whether a person’s genetics or environment make a greater impact on their personal behavior. At Exchange Bank of Northeast Missouri we’re excited to share our take on this timeless debate, and share how nature and nurture affect your spending habits. The financial traits which we see as more nature based are: None Are Read More
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The Top 10 Things Americans Waste Money On
February 22, 2017
Categories: Budgeting, Personal Finances, Save Money
Managing your money is a great skill to learn at any age. We agree with financial guru, Dave Ramsey, who famously said, “Personal finance is only 20% head knowledge. It’s 80% behavior!” While creating a budget is a great first step, the next way to better manage your finances is to decrease surplus spending in order to save more for future plans such as retirement, vacation, or education. At Exchange Bank of Northeast Missouri we recommend examining the following expenses to see Read More