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Is Generation Z About to Transform the Real Estate Market?
/in Finance, General Information, Household Finances, Learning Center, Loans, Mortgage, Savings, Value Added Services /by Lynn BerubeBy Paul Mulligan After spending years living in the shadow of the baby boomer generation, Millennials have now taken center stage. As a demographic, Millennials represent the largest percentage of the labor force, and recently reached a record high in spending power. But Generation Z is hot on the heels of Millennials, and based on […]
Survey Reveals Most Americans Have Financial Regrets
/in Checking Accounts, Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center, Loans, Mortgage, Savings, Value Added Services /by Lynn Berubeby Patty Gallagher Hey, Milford and Stratford residents—have you ever done something you regret with your money? Maybe there’s an expensive pair of shoes collecting dust in the corner of your closet. Or maybe you had an investment go belly up. Whatever your example is, remember this: you’re not alone. In a new survey from […]
New Gallup Poll Provides Key Lessons for College Students
/in Finance, General Information, Household Finances, Investment Services, Learning Center, Loans, Mortgage, Savings, Value Added Services /by Lynn BerubeBy Patty Gallagher With the school year almost over, many high school seniors in Milford and Stratford have already made the decision on if, and where, they’re going to attend college. While that decision itself can seem incredibly complex, it is really just the beginning of a long and challenging process that promises many more […]
Execute a Successful Saving Strategy, Part 3
/in Finance, General Information, Household Finances, Investment Services, Learning Center, Savings /by Lynn BerubeBy Pam Reiss In Part 1 of this series, it was revealed thanks to a recent Gallup poll that a majority of Americans report that they prefer saving their money over spending it. 59 percent of Americans claim to be savers, while 8 in 10 report that they monitor their finances closely. Yet, a large […]
Execute a Successful Saving Strategy, Part 2
/in Checking Accounts, Finance, General Information, Household Finances, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Pam Reiss As previously discussed in Part 1, a recent Gallup poll indicates that a majority of Americans today claim that they prefer saving over spending. However, the facts also suggest that a majority of Americans have less than $1,000 in their savings accounts. Even more alarming, a majority of people never get out […]
Execute a Successful Saving Strategy, Part 1
/in Checking Accounts, Finance, General Information, Household Finances, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Pam Reiss According to a recent Gallup poll, a majority of Americans report that they prefer saving money to spending it. The poll found that 59 percent of Americans claim to prefer saving, while only 38 percent stated that they preferred to spend. Additionally, the Gallup findings indicate that 8 out of 10 individuals […]
The Milford Bank: 145 Years of Service to Milford, Stratford Residents
/in General Information, Value Added Services /by Lynn BerubeBy Celeste Lohrenz In the early 1870’s, Milford did not have a banking institution. In order for local residents to deposit their savings, they had to go to banks in surrounding cities. Then, a group of Milford citizens banded together and applied to the State for a charter. The act of incorporation was passed during […]
Saving Big on Summer Travel, Part 2: Driving or Flying
/in Community Involvement, Finance, General Information, Household Finances, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Susan Wolfe You might think that taking a vacation is all fun and games, but the truth is that travel is big business too. In fact, travel and tourism accounts for 10 percent of the global GDP, with travelers around the globe spending $7.6 trillion on an annual basis. In this series, we’re looking […]
Saving Big on Summer Travel, Part 1: Planning Your Trip
/in Checking Accounts, Finance, General Information, Household Finances, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Susan Wolfe As the last of the winter snow melts and temperatures start to creep up, you may catch yourself at your desk staring out your window on warm, sunny spring days. If you’ve got children, they’re likely doing the same thing, simply counting down the days until the end of the school year. […]
Beware of These Common Types of Fraud, Part 3
/in Finance, General Information, Household Finances, Learning Center, Value Added Services /by Lynn BerubeBy Lynn Viesti Berube In many ways, the technology we use in our daily lives makes us smarter, more adaptable and gives us the ability to accomplish more, from anywhere. But without taking proper security precautions, these tools can be used against us. In fact, hackers and con artists were able to steal over $15 […]