When it comes to managing your money, there are different tools available to you. One of the most important tools is a checking account. There are a few different features available to you in your checking account that can simplify your life and your banking. These tips will help you make sure that you get the most out of this common financial tool.

1. Use a debit card

Debit cards allow for secure access to your checking account without needing to carry a lot of cash. Debit cards are accepted at millions of locations worldwide and can also be used at ATMs to withdraw money from your account.

2. Track spending with Online Banking

Online Banking allows you to monitor your account information, transfer funds and more by signing in to your account from your computer or mobile device. Milledgeville State Bank also offers Mobile Banking through our Mobiliti app.

3. Set up a direct deposit

Direct deposit puts money safely and securely into your account without any action from you.

4. Manage overdraft fees

When you spend more money than what is in your checking account, an overdraft fee is incurred. Keep an eye on both your account balance and the money you plan to spend to avoid these extra costs.

5. Take advantage of Online Bill Pay

Setting up automatic payments for recurring bills can be a helpful way to make sure that your bills get paid on time. Online and Mobile Banking also allows you to set up alerts to manage your accounts.

The features that come with a checking account can make it much easier to manage your finances. Your checking account is one of the most powerful tools that are available to you. It is important to make sure that you have the right one! Milledgeville State Bank offers a number of different account options to make sure that you find the right one for you!

There are some things in life that don’t require much thought or preparation to purchase: toilet paper, batteries, or a new light bulb. You buy these things out of necessity, plus they are cheap and readily available.

 

While there are some purchases that aren’t expensive and require little thought or preparation, there are also large purchases, like a new home, that require research. Here are some common mistakes to avoid throughout your next home purchase.

 

Forgetting about all the costs- This rings especially true for first-time home buyers. When purchasing, there’s your down payment, principal with interest, property taxes, homeowners insurance, utilities, appraisal fee, credit report fees, escrow fee up front and then any maintenance costs once the home is yours. Plan wisely.

 

Making a down payment that is less than 20 percent- Do this, and you’re looking at the additional cost of private mortgage insurance.

 

Skipping an inspection- Even though it seems like just another thing to pay for, you’ll be thankful if the inspector points out some serious issues you couldn’t see, saving you from a investing in a money pit.

 

Buying if you aren’t staying put- renting is great for those that move around a lot; purchasing a home is not. If you’re buying a home, make sure you’re ready to establish some roots.

 

Buying a home is one of the most important investments you will make. This means that the consequences associated with not being financially prepared are also a big deal. The professionals at Milledgeville State Bank can help you understand all the prep work you need to get done. We can also help you find the mortgage option that is right for you and your family. Give them a call today to get started or visit to get more home buying and selling tips.