First Bank of the Lake: August 2018

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 23, 2018

How to Save Money While Traveling for That Labor Day Vacation

Labor Day 2018 is approaching quickly. It's Monday, September 3rd, however many people choose to celebrate it by taking weekend trips the weekend before and enjoying the "long weekend" as they typically will have that Monday off work. Your community bank at the Lake of the Ozarks is here to give you a few money saving tips for when you are traveling for that Labor Day vacation. To save money for future vacations, build your savings automatically with the Kasasa Saver® at First Bank of the Lake. Visit our website at www.FirstBankLake.com for more information.

How to Save Money While Traveling for That Labor Day Vacation

Pack light.
No matter if you are driving or flying for your Labor Day vacation, you can save money by simply packing light. If you are driving, packing light can help with fuel efficiency. If you are flying, packing light can help you save money by not having to pay for more checked baggage.

Check online for last minute savings on flights and hotels.
If you are a last minute travel planner, don't fret. There are several travel websites you can check for last minute deals, such as:

Hotwire
Hotels.com
Expedia

Look for lodging with a complimentary breakfast.
If you find a hotel that comes with a complimentary breakfast, think of the savings you will have on food! There's nothing better than a free meal while on vacation.

Pack your own food when possible.
If possible, bring a cooler with food for your vacation, especially if you are staying somewhere with a full kitchen. You can save a ton of money by preparing some of your own meals while celebrating Labor Day with your family and friends.

Build Savings Automatically with First Bank of the Lake

Our bank in Osage Beach offers the Free Kasasa Saver®. The Free Kasasa Saver® is saving simplified. Connect it to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings effortlessly for all your dream vacations still to come. When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver. Some of the benefits include, but are not limited to:

No minimum balance to earn rewards
No monthly service fee
Free online banking
Free e-statements
Free debit card

Here’s how easy it is to earn your rewards:
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

Have at least 12 debit card purchases post and settle
Be enrolled in and log into online banking

It's really a no-brainer! For more information on this wonderful product, stop in and see us at 4558 Osage Beach Parkway, Suite 100 in Osage Beach at the entrance to the Osage Beach Premium Outlets.

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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, August 17, 2018

Financial Advice for Young Couples That Live Together

Congratulations! You and your significant other have decided to take the next step in your relationship and cohabitate. This is a big step and shouldn't be approached lightly. Have you discussed financial topics yet? How will shared bills be paid? Our bank at the Lake of the Ozarks is here to give a little financial advice for young couples that live together. If you are looking to open a joint checking account with your significant other, call First Bank of the Lake at 573-348-2265.

Financial Advice for Young Couples That Live Together

Split your bills only where it feels right to you both.

Organization and communication are key when living with your significant other. Be fair with your significant other. One of you may not make nearly as much money as the other so it may not make sense to try and split every bill. You two are a team. Perhaps one of you pays a third of the rent and for all the groceries and the other pays for two-thirds of the rent and all the utilities. There are several variations and the trick is to find the right solution for you!

Consider opening a joint checking account.

If you share several expenses with your significant other, it may make sense to share a checking account too. This account could be solely for household expenses and you both could contribute a percentage of your incomes to it. You could set your bills up to be paid from this account and make the organization of how your bills will be paid easier on yourselves.

Pay your debt off separately.

If you are coming into a relationship with your own personal debts, then it may be easier on the relationship to just plan on paying off your own individual debt separately, rather than expecting your significant other to pay it off here. Everyone has different agreements that work for them though, so the point here is to communicate and figure out what works best for you both. Have a conversation about paying off debt so you are on the same page.

The Free Kasasa Cash® Checking Can Be YOUR Joint Checking Account

Get paid monthly in high interest! At First Bank of the Lake, we basically pay you to bank here. Open a free Kasasa Cash® checking account and get rewarded for doing simple banking activities, like using your debit card. Add the Kasasa Saver® to your account to make saving money easy and automatic for you and your significant other. Visit us today to open your accounts! You can also check out 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

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.