Budgeting for the Holidays

The first snow has fallen, the colder temperatures are here, and the holiday season and end of the year are just around the corner.  During this time of year, it is a blessing to be surrounded by friends and family. However, many people experience increased stress during the holiday season. Aside from our regular financial concerns, there are new ones this time of year. How much are we able to spend on Thanksgiving dinner?  How will we afford gifts?  How will we pay for the health insurance premium increase?  As we all know, if you don’t control your finances, they will control you.

At American State Bank, we care about our customer’s financial health and are here to help.  In addition to our core products and services, we’ve invested in tools and services to help ease and manage your financial stress.  In mobile and online banking, our customers will find a tool called “Money Management”.  This tool will automatically track and categorize your spending, help identify over-budget categories, track trends, cash flow and net worth, and manage your financial goals.  You don’t need to be a financial guru to understand it either. This is a quick and easy way to budget, right at your fingertips!

Maybe long-term planning is more your style. Our investment advisors offer one-on-one financial planning expertise along with multiple software programs to tailor a plan to your needs and goals.  These programs allow the user to plan for a variety of scenarios and help you understand if your current saving strategy will allow you to retire when you desire, what type of cash flow you may have in retirement, or other short to midterm goals.

Interested in learning more?  Give us a call and we’d be happy to assist.

  • Joel Westra, 1st VP