Talking to Kids About Money

Kids saving money. Sandy Spring Bank
This week we are thrilled to share this post by guest author Michael Limerez. Michael has been with Sandy Spring Bank for a number of years, starting just two weeks after his 18th birthday. He has worked in many areas of the bank, including Operations, the Client Service Center, and Treasury Services. He is currently the Manager of the Treasury Management Service and Support area of the bank.

Scams & Exploitation - What You Need to Know About Elder Financial Abuse

Older woman looking at financials
According to the American Bankers Association, Americans over 50 years old control more than 70 percent of the nation's wealth. Put into real terms, this group is set to pass to their children more than $68 trillion; the largest transfer of...

5 Things Everyone Should Know About Financial Planning

Financial planner and family around a table discussing financials. Sandy Spring Bank.
Everyone means well. We all want to be that person who has everything organized and mapped out, especially when talking about budgeting and planning for retirement. The fact though is that most of us aren’t that person and we could use a little help with better understanding our finances and learning how best to make them work for us so we can retire with ease.

Getting (and Staying) Debt Free in 4 Steps

Man reading statements. Sandy Spring Bank
Let’s consider some facts. About a third of all Americans only pay the minimum amount due on their credit cards every month and a staggering 35% of Americans have had their credit card debt in collections at some point in their lives.

Quick Start Guide to Creating a Rainy Day Fund

Rainy day graphic with umbrella + piggy bank = happy face Sandy Spring Bank
Your mother probably always warned you to be careful not because you were reckless, but because you just never know what life will throw at you. It may have taken a few decades to appreciate those concerns, but as an adult you realize how right she was.

Buying a Fixer Upper: What You Need To Know

Family painting the house. Sandy Spring Bank.
With inventory in the housing market low, you may be considering buying a fixer upper rather than a move-in-ready home. You may also decide that a major renovation project on your existing home is best if you haven’t found the right fixer upper to purchase. Sandy Spring Bank has many options and can guide you through the process while saving you time and money. First, let’s look at some key things you should consider before deciding which path to take.

Looking to Buy a Second Home?

A couple looks over the water. Sandy Spring Bank.
As remote and hybrid work environments have become the norm, more homeowners are harnessing that flexibility and thinking about purchasing a second home.

Three Ways to be Financially Responsible This Holiday Season

Woman looking at presents through the store window. Sandy Spring Bank
The holiday season is about generosity and giving; however, it can quickly become the season of overspending too. According to a recent survey by Affirm , 70 percent of Americans spend over budget during the holidays. And as we recover from the...

5 Tips to Better Understand a Home Equity Loan or Line of Credit

Blue cartoon house on top of packs of money. Sandy Spring Bank.
If you own your home, a home equity loan or line of credit is a smart way to use the equity in your home to fund large expenses, such as home renovation projects, college tuition or a new car. Here are five tips to help you better understand home equity and get the most out of your home equity loan or line of credit.

Is Your Money Working for You?

Money. We all wish we had more of it, right? Some people dream of hitting the lottery, quitting their jobs, and moving to a remote island where they can live out their days in paradise. Yet for most people, this fantasy never comes true. But what would you do if you earned a substantial raise at work, were given a large bonus, or inherited a large sum of money? Even a small windfall can go a long way with the right savings plan in place. Here are some tips to help make your money work for you: