Setting Them Up for Success: What Accounts Should My Child Have for Financial Success?

Posted on May 24, 2023

Categories: Financial Education, Personal Finances

Opening a bank account for your child is an important step in teaching them about money management and setting them up for financial success in the future. But when is the right time to open a bank account for your child, and what type of account is best? Let’s dive in!

How to Set Your Children Up for Financial Success

Posted on April 14, 2023

Categories: Financial Education, Savings

Many parents want to teach their children smart financial habits. But do you know where to start? Do you know when is the right time to open a savings account for your child? Do you know when they should be given access to a debit card or a credit card? At Fairfax State Savings Bank, our goal is to help parents give their children the tools to develop strong habits that will pay off throughout their financial future. Check out these tips to learn more.

The Spender’s Guide to Saving Money in 2023

Posted on March 8, 2023

Categories: Budgeting, Financial Education, Personal Finances, Savings

For those who love to spend money or often find it hard to restrain their purchases – this blog is meant for you to start 2023 off with smart saving habits. Spending money is most definitely easier than saving. Here are some tips to rein in on spending as well as save when spending. Keep reading to learn the spender’s guide to saving money in 2023.

Your Child’s First Savings Account – What to Know

Posted on February 27, 2023

Categories: Financial Education, Savings

Saving is a skill that will serve you well at any point in your life. It is extremely important to introduce the concept of saving and budgeting to your children early on in life. Opening a savings account will not only help with teaching them this concept but will begin their savings journey. Keep reading to learn about what you need to know when opening your child’s first savings account.

The Ultimate Guide to a Roth IRA

Posted on February 6, 2023

Categories: Financial Education, Personal Finances, Retirement

If you’re looking to supplement your 401k offered by your employer or you currently do not have an option for a retirement savings account, a Roth IRA could be the savings option for you. Keep reading to learn the ins and outs of a Roth IRAs so you can decide if Roth IRA is the right option for you!

Have You Had a Financial Checkup?

Posted on January 18, 2023

Categories: Financial Education, Personal Finances, Savings

How to Get Your Financial Resolutions in Check for the New Year

Posted on January 4, 2023

Categories: Financial Education, Personal Finances

If part of your new year’s resolutions was to reshape your finances and consolidate debt, this is the blog for you. Make your resolutions a reality with these top tips for year 2023!

What is FDIC Insurance?

Posted on December 21, 2022

Categories: Business Banking, Financial Education, Personal Finances

Deposit insurance is one of the biggest pros of having an account at an FDIC-insured bank. An FDIC-insured bank protects your money in the event of an unlikely bank failure. Keep reading to learn the benefits of being covered by an FDIC-insured bank.

Why is Financial Literacy So Important?

Posted on October 26, 2022

Categories: Financial Education, Personal Finances

Lacking financial knowledge can result in bad money habits such as saving and investing. In this blog, we will outline what financial literacy is, why it is so important, as well as some tips to actively become more financially literate. How we spend and manage our money is crucial to our financial stability throughout every stage of our lives!

How to Effectively Teach Your Kids Online Safety

Posted on August 24, 2022

Categories: Cyber Security, Financial Education

Having our kiddos grow up in a world that becomes more and more digitalized can be a scary thing. The best thing you can do for your kids is to teach them about cybersecurity and implement safe online habits early on. With summer coming up, there may be more people involved when your kids are on their devices. Here are some tips to outline with your kids to ensure safe cybersecurity practices.