Personal Finances

A home equity line of credit (HELOC) is a great way to fund large expenses using the equity you have built up in your home. What is a HELOC you may ask? Keep reading as we outline what it is and the benefits of having one set up. Let’s get started! 

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We’ve all heard that a good credit score is important. But what is it and why is it so important? Take a few minutes to increase your knowledge and understand what it takes to build a good credit score.   

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If your New Year's resolution was to take control of your finances, you’re in the right place. We’re here to give you some ideas on how to make 2022 your best financial year yet. All it takes is some time, discipline and lots of motivation! 

Begin by determining exactly how much money (after taxes and deductions) you have coming in each month. If your monthly...
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It may seem like a lifetime away, but retirement has a way of sneaking up on all of us. Something to remember when it comes to retirement is that the earlier you start saving, the better. Plus, you’re never too young to invest in your future. Here are some helpful strategies you can implement to set yourself up for a successful retirement. 

The first step in creating...
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No matter what stage of life you’re at, there are big purchases on the horizon that are important to prepare for. The key to these not becoming big stressors is to start saving as soon as possible so you’re prepared when the time comes. Here are seven big life purchases you should start preparing and saving for today: 

Nerdwallet states, “A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.” But where do you start? We’re here to help give you the basics of financial planning...
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Our main goal is to provide you tips to help you achieve financial success. Finding ways to save more and cut costs can be difficult when many things feel essential. Peoples Bank of Kankakee County is here to offer our advice on certain things you can cut to save money! 

If you have Hulu, Netflix, HBO and Amazon Prime – you probably don’t need all of them...
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The elusive credit score... you know it’s important, but what actually is it and how does it affect you? We’re here to explain how you can build a good credit score from scratch! 

Before you open your own credit card, becoming an authorized user on a family member’s card is a great place to start! As an authorized user,...
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A growing trend for today’s casual marketplace, Peer-to-Peer(P2P) Payment Apps make sending funds from one person to another quick and easy. However, there are pros and cons to consider and potential fees that many are unaware of. Your trusted experts at Peoples Bank of Kankakee County are here to help you choose from these three safe options in P2P apps.

This P2P app allows users to send money...
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