Money Matters

Understanding the Difference between Pensions & 401Ks

Understanding the Difference between Pensions & 401Ks

As if planning for retirement wasn’t stressful enough, there is a need to understand the difference between a pension and a 401(k) plan. The importance of recognizing the distinctions between the two is important as pensions aren’t as ubiquitous as they used to be; however, some companies do offer them as part of their employee benefits package.

Teach Teens to Save with the Right Summer Job

Teach Teens to Save with the Right Summer Job

Parenting teenagers is not for the faint-hearted. Plenty of us on the Franklin Savings Bank team have done it, are doing it, or dread the day when our children morph into teens. This blog will, hopefully, help you impart some wisdom and smart saving habits to your teen. We’ll start with some advice about summer jobs and which ones are the best for teens to pursue.

Special Strategies to Help Kids Save

Special Strategies to Help Kids Save

Like most valuable life lessons, it’s never too early to teach your kids to save money. Nurturing your children to be savers instead of spenders is a smart strategy and one they will undoubtedly thank you for in the future. There are plenty of resources available that support teaching kids the value of saving. In fact, each year the American Bankers Association (ABA) designates a specific day in honor of this important skill.

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