Thursday, April 12, 2018

Savings Goals for 2018

You probably set certain goals or resolutions for yourself at the beginning of the year. While many people set goals for losing weight, financial goals can come into play as well. Our bank at the Lake of the Ozarks is here to give you a few examples of savings goals to set for 2018 and tips on how to accomplish those goals. If you are in need of a savings account that makes saving money easy, call First Bank of the Lake at 573-348-2265 or visit our website at

Savings Goals for 2018

Saving for a NEW Car

When you save for a car, have a budget and stick to it! Don’t get distracted by more expensive cars and focus on what you can realistically afford. Then, build your savings to reflect that. Save automatically by connecting your checking account to your savings account. Check with your local bank in Osage Beach for options to tie your savings and checking together.

Saving for a House

Don’t forget about all of those potential “extra costs” that come with buying a house. For example, you should also factor the following into your house savings:

Title Fees
Homeowners’ Insurance
Mortgage Loan Application Fees
Inspection Costs
Furnishing Costs
Down payment

Ask your real estate agent about these things when trying to save for a house.

Saving for College Tuition

According to

The average annual cost of attending a public 4-year university from 2017-2018 in state is 20,770 dollars. Do everything you can to prepare yourself financially BEFORE you get to college. Put any money you can away from those summer jobs and save it for your college tuition. Too often college students take out more student loans than they can afford and end up in a “mountain of debt” upon graduating. Don’t let that be you and apply for every scholarship you can while in high school. Also, you can save money by taking advantage of college credit classes that are sometimes offered while in high school. You may find that those classes are cheaper than the classes offered while in college, but they still give you the same credits you need.

Save the Easy Way with First Bank of the Lake

We offer a few different ways to save money efficiently for our clients. We have the Free Kasasa Saver® and our Traditional Saving Account.  Our Traditional Savings Account only requires $100 to open and includes a semi-annual statement and free direct deposit. We also offer Minor Savings Accounts for those who are under the age of 18. This account only requires $50 to open and has no minimum balance required. The Free Kasasa Saver® is savings simplified. This is for customers who have our Kasasa Cash® or Kasasa Cash Back® checking accounts. You can connect the Kasasa Saver® to your Kasasa® checking account and build your savings effortlessly. When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver. If you have any questions about our savings products, feel free to give us a call at 573-348-2265 or visit our website at 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

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