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.

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.

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.

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.

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:

While we all dream of hitting it big in the lottery, have you thought about what you would do if you got a bonus or a great promotion at work, or perhaps an inheritance? A little windfall can go a long way, especially if you already have a plan in mind to help you save for success.

Today we are pleased to welcome you to The $tation. This is your place for all things financial education and empowerment. The $tation features more than 5 interactive learning modules that will help you manage your finances and plan for your future with confidence.