Friday, August 10, 2018

Steps to Take to Retire at the Lake of the Ozarks

The Lake of the Ozarks has become a fantastic destination for people to retire to. Between the beautiful views and fantastic activities to try for senior citizens - the Lake area is a top choice. But, how do you go about retiring here? When planning for retirement it's always best to start early, as early as possible. Get your IRA at the Lake of the Ozarks are start building up your retirement funds. Call First Bank of the Lake and talk to our IRA specialists today. Keep reading for steps to take once you are ready to retire at the Lake of the Ozarks.


Steps to Take to Retire at the Lake of the Ozarks


Have a budget and stick to it.
Congratulations! You have decided to retire at the Lake of the Ozarks and you couldn't be happier. You're ready for that dream lakefront home and to go boating every weekend. Just keep in mind that you are living on retirement funds alone now and what your budget is. Stick to it when buying a lakefront home and boat and any other luxury you may be considering at the Lake area.

Be strategic when buying a Lake home. 
The Lake area has beautiful on water and off water residential properties that meet the needs of retirees. Consideration should be given to how the purchase of a particular property fits into the budgetary constraints of being retired. There's always a chance you find a fantastic deal. Just do your research and hire a professional, experienced Lake of the Ozarks real estate agent to help you.



Do your research before buying your boat.
Owning a boat can require a lot of work that you may not realize. Boating enthusiasts at the beautiful Lake of the Ozarks have boats of all types and prices, many of them being very expensive to buy and maintain. Consideration of a used boat might be wise if you are only an occasional boater or have budgetary constraints. There are numerous financing options, if needed, for the purchase of a new or used boat and should be considered in conjunction with your retirement budget.

Looking for a Bank at the Lake of the Ozarks You Can Trust?


If you have retired to the Lake area and are looking to move your banking here, give us a call. When you work with a local bank, you put your money to work growing the local economy. First Bank of the Lake is your 5-star community bank. We were given this 5-star rating by BauerFinancial.

“Because community banks put their focus on local people and small businesses, they are
perfectly positioned to provide the specialized support that is unique to their area,”
acknowledges Karen L. Dorway, president of BauerFinancial. “Community banks, like First
Bank of the Lake, promote local growth by investing back into the same neighborhoods
that their deposits come from. By fostering these local relationships, they achieve two
goals: they are highly capitalized and they are accountable to their customers.”

Also, when you work with a local bank, loan approvals and other key decisions are made locally by people who live in the community, have face-to-face relationships with our customers, and who understand local needs. If that sounds like something you could benefit from, call 573-348-2265 or visit our website at www.FirstBankLake.com for more information.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Thursday, August 2, 2018

The "Quackiest" Event at the Lake of the Ozarks

Have you heard of the Great Bagnell Dam Duck Drop at the Lake of the Ozarks? If not, you are in for a treat! This is one of the most fun events at the Lake area and your community bank at the Lake of the Ozarks happens to be a sponsor. First Bank of the Lake is a Golf Team Sponsor and a Putting Sponsor this year! Keep reading to learn all about the Great Bagnell Dam Duck Drop.

Photo By: The Great Bagnell Dam Duck Drop

The Great Bagnell Dam Drop


Source: http://greatdamduckdrop.com/index.html

This is a 2-day event, starting with the golf tournament and ending with the Duck Drop/Fun Zone.

The Golf Tournament

Date: Friday, August 3rd

Time: Registration and Lunch begins at 12:30 pm, 2:00 pm Shotgun Start,

Event Details: This is a 4 person scramble tournament and will take place at the Ridge Golf Course located at the Lodge of Four Seasons. The Ridge Golf Course is at 315 Horseshoe Bend Parkway in Lake Ozark.

Entry includes:

  • 10 Duck Drop tickets ($50 value) for the Duck Drop event on August 5 at Noon. 
  • Chance to win $5000 plus 7 other winners.
  • 23 winning Duck Drop tickets came from these complimentary golfer tickets in 2013, 2014, 2015, 2016, 2017!
  • Awards ceremony immediately following the tournament
  • Tournament Goody bag

Golf Tournament Prizes

  • Hole in one contests
  • $5000 Putting Contest
  • Closest to the pin and long drive contests
  • Other on course contests and special events

The Duck Drop and Fun Zone

Date: Saturday, August 4th

Time: 10:00 am - The Fun Zone Opens; Noon - The Ducks Fly!

Here is a complete schedule of events for the day:

10:00 AM Saturday
Bring the kids (ALL AGES) down to the Lake Ozark Campground & RV Park below the dam for a family fun zone with:

  • games
  • a dunking booth
  • bounce houses
  • martial arts 
  • dance demonstrations
  • food
  • lots of prizes and goodies! 

Please Note: FUN ZONE WRIST BANDS are FREE and include all Fun Zone events, games, and prizes. You can purchase Duck Drop tickets at the Fun Zone until 11:00AM for $5 each for your chance to win $5000 (plus 10 other GREAT prizes!)

11:45 AM Saturday
Start heading over from the Fun Zone over to the campground area river access to watch the ducks drop from the helicopter and boats into the Osage River.

Photo By: The Great Bagnell Dam Duck Drop


NOON Saturday
The helicopter will arrive and the ducks will drop! The first 11 ducks to cross the finish line will WIN! Prizes will include a $5000 cash prize and a $1000 cash prize and much more!

12:30 - 1:00 Saturday
Head back to the Fun Zone and enjoy more games while we determine the winners! Winners will be announced at the Fun Zone by 1:00 p.m. You do not need to be present to win!


Support the Community By Attending Local Events!


First Bank of the Lake loves supporting our community when we get the chance. When you work with a local bank in Osage Beach, you put your money to work growing the local economy. We share a common commitment to our community with our customers. If you'd like to bank locally with a 5-star community bank, give us a call today at 573-348-2265.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, July 27, 2018

5 Money Saving Ideas for Celebrating Labor Day 2018

Labor Day 2018 will be here before you know it! It falls on Monday, September 3. How will you be celebrating this year? If you'd like to celebrate without "breaking the bank", this blog is for you! First Bank of the Lake is here to give you a few ideas to save money this year when celebrating on Labor Day. For a savings account at the Lake of the Ozarks that helps you build your savings automatically, give us a call at 573-348-2265 today.


5 Money Saving Ideas for Celebrating Labor Day 2018


Potlucks are GREAT.
Throw a party and invite everyone to bring their favorite dish! This way you are having a fun, festive gathering, but not spending a ton of money in the process.

Go camping!
September typically is perfect at the Lake of the Ozarks. It's not too hot and just right for outdoor adventures, such as camping for example. There are some beautiful State Parks and campground sites in the area to choose from.

Go shopping and take advantage of all the Labor Day sales.
The Lake area is filled with shopping options including but not limited to:

  • The Osage Beach Premium Outlets
  • Target
  • Kohl's
  • The Shops at the Strip in Lake Ozarks
...and much more! It is very common for shops to have Labor Day deals, so take advantage of the savings and get to shopping for your favorite things to celebrate not having to work!


Have a family picnic!
The Lake area is filled with beautiful waterfront views to picnic in front of - from the public beaches to the city parks, you can find some beautiful outdoor spots to dine at with your family. Take this time off work to make some great memories with your loved ones.



Take advantage of all the free FUN activities at the Lake!
One of the great things about living here at the Lake is you don't have to go take a vacation to somewhere else to have a good time celebrating a holiday. Staycations are fantastic here, especially because there are all sorts of free activities you can try. Sometimes, as a resident, it can be easy to forget about these fun things that are right here "in our backyard." Here are a few examples of local free exciting options for celebrating Labor Day at the Lake of the Ozarks.

  • Willmore Lodge (Take a stroll through the museum and take in the rich history of how the Lake came to be.)
  • Ha Ha Tonka (This is one of the best State Parks around, see the historic castle ruins, hiking trails, and natural wonders.)
  • Public Beach #2 (This is otherwise known as the Grand Glaize Beach - take in the beauty of the Lake on this wonderful beach.)


Build Savings Automatically with First Bank of the Lake


It's good to have a strong savings account you can count on for holiday celebrations. It's awesome to be able to link your checking to your savings account and earn cash rewards that automatically added to your savings - it's FREE money. First Bank of the Lake makes this AWESOMENESS real with the Free Kasasa Saver®. To learn more about this fantastic product, either give us a call at 573-348-2265 or visit our website at www.FirstBankLake.com.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, July 20, 2018

How to Plan a Wedding on a Budget

Congratulations! You just got engaged and you couldn't be happier! One of the anxieties some people may experience leading up to the big day is the COST of the wedding. However, you don't have to "break the bank" in order to have a magical wedding day. There are cost-friendly options you can implement into your wedding to save you some money. For a great savings account at the Lake of the Ozarks, call First Bank of the Lake at 573-348-2265 today. Keep reading for a few wedding planning tips for when you are on a budget.


How to Plan a Wedding on a Budget


Be strategic when choosing a venue.

Consider having a home wedding or looking for venues outside the city limits. You can typically save on costs that way. A venue can be where you end up spending most of your money if you're not careful, but there are easy options for saving money here.

Save on catering costs and cook food yourself.

Catering for a wedding can be extremely expensive and you may have family members who would love to help you cook for your wedding anyway. This can be a memorable experience to have with your family and friends leading up to the big day.

Stock the bar yourself.

While you may have thought about providing an open bar, you can save a lot of money by just offering beer and wine and purchasing it yourself at discount liquor stores. Some venues will allow you to bring in your own alcohol, but if you are having a home wedding, problem solved!

Buy a dress on sale.

Ladies, is spending thousands upon thousands of dollars on a dress you are only going to wear once really worth it? Look for sales and dresses that don't require custom fitting. Buy an elegant dress without losing your life savings.

Rent tuxedos or suits.

Guys, save money and rent tuxedos or suits over purchasing them. You most likely will only wear them once anyway, so why not?



Save money on photos.

Rather than hiring a photographer for the whole wedding, just hire one for an hour or two to get the main shots of the wedding party and family, then use a site like Eversnap that allows you to experience your wedding from all different views. Guests can take photos and upload them to a site like this for you. You can also request that guests use a special wedding hashtag when posting photos they take to Instagram. When the day is done simply search hashtag on Instagram and see your amazing memories. For example, if your last names are Brown and Rice, try something like #BrownRiceWedding2018.

Save Money for Big Life Events with First Bank of the Lake


Whether you are saving for a wedding, a new baby, or sending your kids off to college, you community bank in Osage Beach can help you. We offer savings options that can suit you and your family's needs. We offer the Free Kasasa Saver®, which is savings simplified. Connect it to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings effortlessly. Learn more at www.FirstBankLake.com.



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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, July 13, 2018

How to Prepare for BACK TO SCHOOL on a Budget

This summer is going by SO fast. Your kids will be going back to school before you know it. School supplies these days can be expensive and First Bank of the Lake knows that. In an effort to help you save money, check out the following tips on preparing for "back to school" time, on a budget. For a bank at the Lake of the Ozarks that values your business and basically pays you to bank here, call First Bank of the Lake at 573-348-2265 today.


How to Prepare for BACK TO SCHOOL on a Budget


Know your budget and don't go over.

Don't be tempted by the cute, yet overpriced backpacks and other school accessories. Set a budget in the beginning and stick by it.

Make a list and stick to it.

Know what your child absolutely has to have for school and make a list of those must-have supplies. Too often parents end up buying extra things that their children don't end up using in school. If you've found a list already at your local school supply store for child's class but are questioning whether or not it is truly accurate, don't be afraid to call the school and ask.

Check the WHOLE house for old school supplies.

Clean through your home and check for anything your kids could use as school supplies, pens, pencils, crayons, etc. There's no reason to spend more money than you have to.

Discounted items are your friend!

Check your local discount stores for school supplies or check online for cheaper deals. Name brand items are not a necessity. The important thing here is that your child has everything he or she needs and knowing that you don't have to "break the bank" to accomplish that.


Get MORE Cash Back on Those School Supplies with First Bank of the Lake


The Free Kasasa Cash Back® checking account at First Bank of the Lake makes up for all the times you ever had to pay a monthly service fee on your account. There are no monthly service fees, and this account pays you! Earn 4.00% cash back on your debit card purchases, up to $120 back per year ($10 per month).** You can purchase your school supplies, scissors, pencils, crayons, glue, erasers, etc. and get paid CASH BACK on those items. You’ll also get refunds on your ATM withdrawal fees, nationwide — so every ATM is your ATM, whether you’re here in Osage Beach or elsewhere. Come see us today at 4558 Osage Beach Parkway Suite 100 to open your account! We are located at the entrance to the Osage Beach Premium Outlets.

**Click Here For Our Kasasa Cash Back Disclaimer

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, July 6, 2018

5 Tips for Planning a Beach Vacation on a Budget

Who's been dreaming of a beach vacation lately? We know we have! But, who has the money to be able to afford something like that? Our bank in Osage Beach knows a thing or two about saving money. First Bank of the Lake is delighted to share a few tips for planning a beach vacation on a budget. If you are interested in saving your cash with an experienced community bank, give us a call at 573-348-2265 today.


5 Tips for Planning a Beach Vacation on a Budget


Tip #1: Be strategic when choosing the beach you want to vacation too.

If you live close to a beach, then you are lucky! You could just drive to the beach and hang out for the day and come back, no flight or lodging costs for you. However, for those of us who don't live so close, it's a different story. According to FLIPKEY®, there are quite a few affordable beaches to travel to right off the panhandle of Florida. There are several cheaper lodging options to choose from there. No matter what beach you choose to vacation too, just research the local lodging and plane ticket costs before you get excited about the location.

Tip #2: Start saving NOW.

Give yourself as much as time as possible to save for that beach vacation. Every little bit helps. You may be surprised where you can save substantial amounts of money just by making small changes in your life. For example:

  • Avoid buying expensive coffee and make it at home
  • Temporarily avoid making the large lavish purchase until you get back from vacation, clothes shopping trips, entertainment products, etc.
  • Buy groceries, meal plan, and eat in instead of eating out 

Tip #3: Avoid purchasing expensive souvenirs and take pictures instead.

Half the time those souvenirs people buy may not even be worth keeping. If you truly want to "capture the memory" and save money - make unforgettable memories with your family and take photos while you do.



Tip #4: Enjoy the FREE activities.

One of the best things about having a beach vacation is the BEACH. It's typically free to just lounge and lay out on the beautiful sandy beaches while listening to the waves roll in. Go seashell hunting, bring a football and play catch, bring your boogie board and go boogie boarding. There are several free activities to enjoy and keep you entertained without having to "break the bank."

Tip #5: Travel during the week.

You may be able to save money on your airplane ticket by choosing to fly during the week versus on a weekend. Check your airlines for the best rates.

Save for That Beach Vacation with First Bank of the Lake!


You can build your savings for that ultimate beach vacation automatically with the Kasasa Free Saver® at First Bank of the Lake. We don't believe in selling customers financial products they don't need. If you are looking to save in a quick and efficient way for an upcoming trip, the Kasasa Free Saver® is a great place to start. If you'd like to learn more about this fantastic product, give us a call today at 573-348-2265 or stop by and visit with us at 4558 Osage Beach Parkway, Suite 100. We are located by the entrance of the Osage Beach Premium Outlets.


Want More Awesome Finance Tips? Sign Up For Our Newsletter!


First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, June 29, 2018

The Best Ways to Save for That Second Home

The Lake of the Ozarks is one of the TOP vacation destinations in Missouri. Several people choose to buy their second home or vacation home. Seasonal homeowners come from all over whether it be St. Louis, Kansas City, Iowa - the Lake area attracts thousands of people every summer. But, how do they manage to save for these homes? First Bank of the Lake, one of the top banks in Osage Beach, is here to help you save for that second home. Keep reading some of the best ways to save for your dream vacation home at the Lake of the Ozarks.


The Best Ways to Save for That Second Home


Develop a Realistic Savings Plan

First, determine how much money you really need to save. Visit with a mortgage lender at the Lake of the Ozarks and figure out how much of a mortgage you qualify for. Then, compare your income to the potential monthly payments. The good rule of thumb is to limit your housing expenses to no more than 28 percent of your monthly income. So, the key here is to not forget about your current housing expenses since this will be your SECOND home.

For example, let's say your full household monthly income is $6500 and that your first home housing expenses equal to $1500. That leaves you $5000 a month to work with. You will want to try to shoot for monthly housing expenses of your vacation to be no more than $1400.

.28 x $5000 = $1400

Figure Out When You Want to Make This Purchase

What's your time frame on buying your second home? Keep in mind that you most likely will have to make a down payment. Typically, if you pay twenty percent down you can get a decently priced deal. So, if you have your eye on a second home that costs $250,0000 and you been approved for a mortgage for that amount, a twenty percent down payment would be $50,0000. If you'd like to purchase this second home within the next five years, then you will need to save $10,000 a year to be ready for payment.

Automate Your Savings

There are several savings account options at the Lake of the Ozarks out there that allow for you to connect your checking to your savings, making it easier for you to save. Check out one of the best options we have here at First Bank of the Lake.


Interested in Building Your Savings For That Second Home Automatically?


Check out the Free Kasasa Saver® at First Bank of the Lake. Build savings automatically — link this account to your free Kasasa® checking. Free Kasasa Saver® is saving simplified. Connect it to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings effortlessly. When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver. That’s Kasasa at First Bank of the Lake — free accounts that reward you for banking locally.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265