STATE BANK OF SOUTHERN UTAH BLOG

Stop keeping up with the Joneses - They're Broke



Courtesy of Mint.com

It used to be that spending money on status symbols for the sake of flaunting your wealth was an activity reserved for celebrities and millionaires.

That has all changed. Conspicuous consumption, what was once referred to as “keeping up with the Joneses”, has brought the lifestyles of the rich and famous to suburbia.

Just as most people consider themselves to be above-average drivers, most people assume




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Topics: Planning, Saving, Spending, Finances, Savings


Retirement Plan Limits



How Much Money Can I Put into My IRA or Employer-Sponsored Retirement Plan?

IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government. The limits are periodically adjusted to compensate for inflation and increases in the cost of living.

IRAs

For the 2013 tax year, you can contribute up to $5,500 to all IRAs combined (the limit will be adjusted annually for inflation). If you have a traditional IRA as well as




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Topics: State Bank of Southern Utah, Planning, Retirement, Retirement Planning, Retirement Plans, IRA, Investment Executives, Finances


Finance and Kids



In many instances when a child turns 18 and leaves home to go to college they realize that they don't know much about finances. They don't learn about finances in school so it mostly falls to the parents to teach them the importance of managing their money. Luckily, parents can start early when the child is young. How early can you start teaching your child? There really is no specific age however, the opportunity to teach about money




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Topics: Checking, Banking, Online Banking, Debit Cards, Kids, Finances, Money Management, Credit Cards, Paying Bills, Education, Savings


About SBSU

Hometown banking was established in southern Utah with the opening of State Bank of Southern Utah in 1957.

Hometown banking is important because people who live and work in southern Utah make the decisions. Bank employees and officers understand the banking needs of area residents because they are affected by the same economic climate. Find out what hundreds already know - hometown banking is better.

Visit us at sbsu.com

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