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Income and Expenses

Blog February 10, 2020 by Idea Vault Blog

Sources of Income In most cases, income comes from salary or wages, government benefits (such as Social Security), and investment income. Income can be variable, it changes, which is one of the reasons that budgets are not set in stone. Earnings in particular frequently change: most people expect…

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The Upside to Frugality

Blog February 3, 2020 by Idea Vault Blog

Money is Not Linear Frugality is typically thought of in straightforward, or linear, terms— x plus y equals z. If you skip a daily $5 takeout coffee, you’ll save $35 a week, $150 a month or $1,800 a year. Using that same thought process, if you cut your monthly spending in half, your income will la…

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When things go terribly wrong: Fraud

Blog January 27, 2020 by Rechelle Ringer

You’ve budgeted, saved, gotten (or stayed) out of debt and are starting to see results. And then the unthinkable happens: Someone gains access to your accounts and starts taking your money.How does it happen and what can you do about it?There are a lot of ways that fraudsters can gain access to you…

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Credit. Debit. Two very different ways to spend money.

Blog January 20, 2020 by Rechelle Ringer

“Credit or debit?” We hear these words all the time when making purchases. What’s the difference and why does it matter? We have so many ways to spend money today – with the flick of our wrist, our watches can be used at grocery stores and elsewhere to make speedy purchases. But how do these transa…

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The Interesting World of Interest

Blog January 13, 2020 by Rechelle Ringer

APY or APR? Compound or Simple?Understanding banking terms that describe interest can be confusing, but interest plays an important role in determining which products will help you reach your financial goals, so it worth looking at more closely.What is Interest?Interest is “the interest percent tha…

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Save Better in 2020

Blog January 6, 2020 by Rechelle Ringer

What are you saving for?A vacation?A house?A car?College?Retirement?As we discussed last week, 78% of us live paycheck-to-paycheck and 26% of us have fewer than $1,000 saved, which means many of us aren’t saving at all (at least not regularly) and most of us have more in debt than we have savings.1…

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Start the New Year Off Better

Blog December 30, 2019 by Rechelle Ringer

What’s your New Year’s resolution?Exercise more?Eat healthier?Learn something new?How about…take control of your finances?Saving money is a leading New Year’s Resolutions each year – it’s clearly important to us! So, over the course of the next few weeks, we will be exploring key elements of fin…

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Email Compromise: the $26 Billion Scam!

Blog October 14, 2019 by Laurel Sykes

Suspicious email exampleThis week we are going to shine the light on email account compromise (EAC) and resulting fraud losses. It’s also been called the “business email compromise (BEC)” or the “CEO wire scam”, but it happens just as frequently to personal email accounts. Non-profit organizations…

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Social Engineering

Blog October 7, 2019 by Laurel Sykes

Welcome to our new blog series, The Idea Vault, where you’ll hear from ARB subject matter experts on a variety of topics to educate you on all things banking! We thought we’d launch the series with a few weekly posts on cybersecurity in honor of National Cybersecurity Awareness month.This week, we…

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American Riviera Bank Small Business Administration Loans

Blog June 22, 2017 by Annette Jorgensen

Obtaining the financing you need for your new business venture is certainly a key part of starting your business and realizing your dream. You may also need funds to buy an existing business that you plan to modernize and make your own. In each case, a United States Small Business Administration (S…

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