2019 Arkansas Legislative Recap

2019 Arkansas Legislative Recap

By Janie Ginocchio A few weeks ago, we shared exciting news that the Arkansas General Assembly passed legislation making it easier for Arkansans to save at tax time. But Act 774 of 2019 is not the only bill passed during the 2019 Arkansas legislative session that is...
Make Your Voice Heard About Payday Lending

Make Your Voice Heard About Payday Lending

By Kathryn Hazelett Back in 2004, Southern was a part of a group called Arkansans Against Abusive Payday Lenders (AAAPL), whose sole purpose was to remove payday lenders from Arkansas. It took another five years, many hours in court, and strong advocates in both the...
Tax Time is Now Savings Time in Arkansas!

Tax Time is Now Savings Time in Arkansas!

Back in October, we wrote about the need to save, specifically at tax time. Why? Because that’s the time that most Americans receive their largest lump sum all year. Combined with research that shows savings habits are stronger when money is immediately placed into a...

How to Make Your Resolution a Reality

Recently, we talked about New Year’s resolutions and how to make them easier to keep. This week, we’re going to talk about some tools that you can use to help you keep them. All last fall on this blog, we talked about ways to save. A new year and new resolutions can...

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...
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...