Nov 30, 2018 | Public Policy Blog
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...
Nov 26, 2018 | Public Policy Blog, Tax-time Savings
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...
Nov 9, 2018 | Public Policy Blog
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...
Nov 2, 2018 | Public Policy Blog, Tax-time Savings
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...
Oct 18, 2018 | Public Policy Blog, Tax-time Savings
Most (if not all) of us should be saving more. We know we need a financial cushion for life’s inevitable emergencies[1]. If we have children, we know we should be saving for their college. And if we plan on retiring someday, we should probably save for that, too. But...
Jul 17, 2018 | Past Policy Efforts, Press Releases
Little Rock, Ark. – Southern Bancorp, Inc. CEO Darrin Williams announced today that Dr. Karama Neal has been named President of Southern Bancorp Community Partners (SBCP), a 501(c)(3) development finance organization and loan fund. SBCP works alongside, and in...
Jun 21, 2018 | Public Policy Blog
By Kathryn Hazelett Are you prepared to jump into retirement? Do you anticipate a soft landing or does it feel more like jumping off of a cliff without a parachute? For the majority of Arkansans and Mississipians (as well as the majority of Americans), it likely feels...
Jun 19, 2018 | Past Policy Efforts, Public Policy Blog
By Kathryn Hazelett Practically everyone knows that we should be saving, and yet we still don’t do it. Or at least we don’t save enough. Add our general lack of savings to the fact that most families will experience a financial shock[i]within a year, and it’s easy to...
Feb 6, 2018 | Press Releases
Little Rock, AR – Southern Bancorp Community Partners (SBCP) Chief Operating Officer, Dr. Karama Neal, has been appointed to the board of the Mary Reynolds Babcock Foundation, a renowned philanthropic foundation focused on alleviating poverty and increasing social and...
Jan 26, 2018 | News, Tax-time Savings
President Ronald Reagan called the federal Earned Income Tax Credit ’the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” This Friday, January 26, 2018, is Earned Income Tax Credit Awareness Day. Nationally, an...
