Financial Literacy Month!

April is Financial Literacy month, and so we’re asking our coworkers about their favorite financial tools and tips! Andre from our Customer Care team sees firsthand how different customers make use of our digital banking tools. “With the rollout of our new app, we’ve added an analytics dashboard that breaks down our customers’ spending habits that’s fully customizable. By looking at your transaction history, you can categorize spending and then see exactly how much was spent each month and where patterns of spending can be improved. The feature comes with pre-populated categories, but I’ve worked with several customers to create their own spending labels to truly personalize the experience.”

“I need a certain level of discretionary income to feed my book purchasing habit,” says Casey, a familiar face for many at our Berwick branch. “It’s important to me to keep track of my finances and really understand what I need set aside each month for my nonessential (i.e. non-book) expenses. Once I have crunched the numbers, I can decide if it is wise to buy more books or if I should visit the library instead!”

Read more about the necessity of saving from our partners at GreenPath Financial Wellness here: Saving Money isn’t a Luxury – it’s a Necessity – Kennebunk Savings

Kaylee from our Eliot branch is passionate about financial education for young people. “Teaching financial literacy in grade schools sets them up for success. It gives them a basic understanding of the bigger picture when the time comes to make those ‘adult’ financial decisions.”

Read “Educating Kids about Financial Wellness” from our partners at GreenPath here: Financial Literacy for Kids at Kennebunk Savings

“I tell everyone it’s important to form good saving habits,” said Chris from our Eliot branch. “It’s nice to have something set aside for a rainy day.”

Here’s five tips to get started on your personal savings plan. 5 Tips to Jump-Start Your Savings Plan!