Financial Education

Jefferson Bank is committed to providing financial education in the communities we serve. Our goal to provide resources that will enable individuals and families to make well-informed decisions about their finances. In addition to teaching financial literacy through local schools and organizations, we offer free educational resources that can be viewed at any time.

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Financial Tips for College Bound Students:

Budget – Create a budget and stick to it! Budgeting is a great way to depict your income and expenses and avoid debt. Try using a quick budget spreadsheet to compare and contrast your total income and expenses to get a realistic budgeting plan.

Apply for Scholarships – Scholarships do not have to be repaid and can help ease the burden of the rising cost of a college education.

Monitor Your Accounts – With our mobile app we can make this process much easier. Take a couple minutes out of your day to check on your accounts and make sure there is not any suspicious activity.

Start Building a Good Credit History – Make sure you pay your rent and utility bills on time. Making loan and credit card payments on time are also an excellent way to increase your credit. Building good credit will help you in the future when you want to make a big purchase, such as buying a house or a car.

Protect Yourself From Fraud  Research found that it takes 18- to 24-year-olds nearly twice as long to detect fraud compared to other age groups, making them fraud victims for longer periods of time. Take advantage of our online services that allow you to monitor your accounts regularly, such as by reviewing statements online or using mobile banking to see a snapshot of your account information.

Buying Textbooks – The college bookstore is notorious for being the most expensive place to purchase books. Consider renting or buying your textbooks from places like the library, or Amazon. If you must use the bookstore consider buying used, not new. At the end of each semester sell back your books and receive a nice chunk of change.

Educate Yourself – We are committed to providing financial education in the communities we serve. Our goal to provide resources that will enable individuals and families to make well-informed decisions about their finances by offering free educational resources that can be viewed at any time.

Choose an Account That Works – Partner with one of our Relationship Bankers today and discover what options work best for your personal needs.