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...How a little line can add up to big 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...
Dr. Karama Neal Named President of Southern Bancorp Community Partners
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...
Cliff-Jumping Without a Parachute: The State of Retirement Today
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...Keep Your Eye on the Prize… (Linked Savings)
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...
Happy Earned Income Tax Credit Awareness Day!
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...
Policy Points 45: Southern Bancorp Community Partners IDA Program
A Solid Tool For Investment The Southern family of companies is committed to moving people out of poverty and onto the path toward wealth creation and financial stability. We believe that asset development is a key component to wealth building, as it is one of the...