Canary in a Coal Mine

By Darrin Williams, Southern Bancorp, Inc. CEO As appeared in the Arkansas Democrat-Gazette on Sunday, February 24, 2019 The last week of February is a big week for savings in America and in Arkansas. It’s America Saves Week, and thanks to a recent proclamation from...

It’s Not Too Late to Make a Resolution to Save

By Kathryn Hazelett Resolution (/ˌrezəˈlo͞oSH(ə)n/), noun: a firm decision to do or not to do something. Ah, New Year’s resolutions. Most of us make them and very few of us keep them. By this point in the year, we’ve probably all abandoned at least one. How can we...
Arkansas and Mississippi Participate in America Saves Week

Arkansas and Mississippi Participate in America Saves Week

Arkansas and Mississippi are encouraging their residents to take the pledge to save and build long-term wealth during America Saves Week (February 26 – March 3). Arkansas Governor Asa Hutchinson recently proclaimed this same week to be Arkansas Saves Week and Military...
How We Define Savings

How We Define Savings

By Kathryn Hazelett I’ve been thinking a lot about savings over the past few months as I’ve worked on this blog and on other papers for Southern. I realized that I generally divide savings into three categories. We save for college (ours, our student loans, and our...

The direct benefits of direct deposit

A couple of weeks ago, we touched on the importance of having both a checking and a savings account. We mentioned that having your money in two separate places was key to seeing it grow. But what we didn’t touch on was the way your money gets into those accounts...
Saving Time and Money at Tax Time

Saving Time and Money at Tax Time

As we continue talking about tax time and ways to save, one thing that we’ve left out of the conversation is the complexity we all face when trying to fill out our tax forms. We have to gather up all of our documents (most of which don’t arrive at the same time) and...
Checking vs Savings: The Showdown

Checking vs Savings: The Showdown

We’ve recently written about two ways to help folks save more at tax time. One is to split your tax refund – put some of your refund into a savings account and some into a checking account; the other is to be encouraged to “pledge to save” before even doing your...

A little “nudge” can do us good

We’ve all been nudged before. But did you know there are different types of nudges? Behavioral economists (those folks who look at why we make the choices we make with our money) have their own definition: “a subtle policy shift that encourages people to make...