A Spin on Spending - Building Credit

Thursday, July 18 at 09:00 AM
Category: Arvest News


One of the first steps to building a good credit history is to know where you stand. Before you head to the dealership or hire a real estate agent, request a credit report, and take the necessary steps in improving your score. One way to do this is by making your loan payments on time. According to myfico.com, your credit payment history can make up 35 percent of your FICO credit score. The longer your loan payments are paid on time, the better your score can become.

It’s important to remember to keep your credit card balances low. Many of the credit bureaus’ scoring systems evaluate the amount of debt a person carries compared to their credit limits. If the amount owed is close to the limit, it’s likely to have a negative effect on your score. Maintaining high credit card balances can hurt you, even if your bills are paid on time each month.

Although it’s generally considered a plus to have established credit accounts, too many credit card accounts may have negative effects on your credit score. You should only open new accounts as needed.  When opening a new line of credit, don’t just jump at the first appealing offer – compare interest rates and fees beforehand.

 

Tags: A Spin on Spending, Arvest
 

A Spin on Spending - Fourth of July Celebrations

Thursday, June 27 at 08:00 AM
Category: Arvest News

If you’re having people come over for a Fourth of July cookout, turn your gathering into a potluck. This is a fun way to save money and involve your guests at every step. Create a list of needed items for the cookout, and share it with your guests ahead of time, letting them select which items they would like to bring. If some guests don’t want to bring food or drinks, they can always bring decorations or chip in some money for the cost of food. This is a sure-fire way to have a fun, stress free Fourth of July celebration.

If you’re spending the day at the lake or a park, be sure to make a list ahead of time detailing which items you need to bring to have an enjoyable day. By checking the list before you head out, you’ll be less likely to forget your sunglasses, towels, bug repellant, sunscreen, or lawn chair.

Download the Arvest Go mobile app to quickly make transfers to your friends and family from your Arvest account, to their Arvest account, if you need to make last minute purchase for the day’s events or to contribute funds to the celebration.

 

Tags: A Spin on Spending, Arvest
 

A Spin on Spending - Earth Day

Monday, April 22 at 09:00 AM
Category: Arvest News

There are a number of ways to live a more environmentally friendly life. A simple way to start is by saving electricity when you can. Conserve electricity by switching off appliances when they’re not in use. Electrical items like TVs, phone and laptop chargers, and kitchen appliances left in stand-by mode still draw electricity. It’s best to turn these off completely, or unplug them when you can. 

You can also avoid using disposable bottled water. Instead use a reusable water bottle. According to research, more than 90 percent of plastic waste isn’t recycled - most plastics don’t biodegrade in any meaningful sense, so all that plastic waste could exist for hundreds or even thousands of years.

Go paperless with your monthly bills and bank statements to help cut down on deforestation and pollution. You can enroll in Arvest e.Statements through Online Banking with BlueIQ™, or the Arvest Go mobile app. Once you do this, you’ll be one step closer to reducing your carbon footprint. 

 

Tags: A Spin on Spending
 

A Spin on Spending - Weddings

Monday, April 15 at 08:00 AM
Category: Arvest News

You’ve said yes, now it’s time to plan the when and where, and who’s going to be there. The first step in planning the wedding of your dreams is to decide on the wedding location. Where you choose will help dictate the overall budget of the wedding and the size of the guest list.


There are a flurry of questions surrounding who to invite – like how much of your extended family should you add to the guest list? If you were a guest at a wedding, does this mean you should invite them to your wedding? Ultimately you should only invite the people who make you happy – and want to celebrate the start of your new life.

With the guest list in order, the next decisions are the dress, cake, catering, photographers, and everything in-between. Research indicates the average amount spent on a wedding in the central United States is estimated to cost $19,000, so begin saving as soon as possible. Be sure to take advantage of specialized credit card offers with low introductory rates and rewards such as Arvest Flex Rewards™ with your Arvest Credit Card. 

 

Tags: A Spin on Spending
 

A Spin on Spending - Your Next Big Purchase

Friday, March 22 at 01:00 PM
Category: Arvest News

When you begin saving for your next big purchase, take a few minutes to determine how much you plan to spend.

Decide ahead of time if you plan to pay in full with cash or if you want to have monthly payments. If you decide on a loan, be sure to take into consideration the total cost of the purchase, including taxes and fees and always do your research before you buy.

A few tips for a successful savings plan are to evaluate where your money goes each month. You can do this by categorizing your spending each month in your Arvest Online Banking with Blue IQ.

This will allow you to track how much you spend on things such as dining out or entertainment and help to determine where you can cut back. To help encourage your savings goals you can set up automatic transfers in Blue IQ from your Arvest Checking account to your Savings account. These transfers can be designated daily, weekly, bi weekly or monthly. 

Tags: A Spin on Spending

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