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Personal Finance Tips for Children

BookMarks

Click on the graphic to download a pdf of our free bookmarks!

Anytime is the right time to begin teaching children about money, and the American Bankers Association has tips that can help parents teach money at home.

  • Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them – even the tough ones.
  • Explain the difference between needs and wants, the value in saving and budgeting and the consequences of not doing so.
  • Set up a chore chart and give your children an allowance for completing their tasks.  Require them to save at least a small portion each week.  The three jars method, one for spending, one for saving and one for charitable contributions is a good way to impart a sense of responsibility.
  • Open up a savings account at your local bank for your children and take them with you to make deposits, so children can learn how to be hands-on in their money management.
  • Be an example of a responsible money manager by paying bills on time, being a conscious spender and an active saver. Children tend to emulate their parents’ personal finance habits.

You can visit the ABA’s Kids & Money web site for more tips and resources.  We’ve created these free bookmarks to help keep these savings tips in mind.

To help savers get started at a young age, we offer a savings account that can be opened with as little as $5.  There are no minimum balance requirements and no monthly service charges for children age 18 and under and for full-time college students.  More information about our student accounts is available on our web site or by contacting our office near you.

Important Information for Quicken and Quickbooks Users

Each year, Intuit discontinues support for older versions of Quicken® and QuickBooks®, and as a result these versions are no longer supported by our Online Banking system.

For Quicken Users

The following versions of Quicken will no longer be supported after April 30, 2015:

  • Quicken Mac® 2005
  • Quicken Essentials for Mac®
  • Quicken® 2012 for Windows

You can review Intuit’s Quicken Discontinuation Policy at:

https://quicken.intuit.com/support/help/shopping-and-buying/quicken-discontinuation-policy/GEN82218.html

In addition to the versions of Quicken no longer supported by Intuit, our Online Banking system will no longer support Quicken Mac 2006 and Quicken Mac 2007 (OSX 10.6 or older) due to security vulnerabilities with the SSLv3 protocol of these versions.

As of May 1, 2015, our Online Banking system will only support the following versions of Quicken:

  • Quicken® Mac 2007 (OSX 10.7 or newer)
  • Quicken Mac® 2015
  • Quicken® 2013 for Windows
  • Quicken® 2014 for Windows
  • Quicken® 2015 for Windows

 

For QuickBooks Users

The following versions of QuickBooks will no longer be supported after May 31, 2015:

  • QuickBooks® 2012 for Windows
  • QuickBooks for Mac® 2012

You can review Intuit’s QuickBooks Discontinuation Policy at:

http://support.quickbooks.intuit.com/support/articles/INF12842

As of June 1, 2015, our Online Banking system will only support the following versions of QuickBooks:

  • QuickBooks® 2013 for Windows
  • QuickBooks® 2014 for Windows
  • QuickBooks® 2015 for Windows
  • QuickBooks® for Mac 2013
  • QuickBooks® for Mac 2014
  • QuickBooks® for Mac 2015

Please contact Online Banking Customer Support at 1-877-864-5189 for questions about using Quicken or QuickBooks with Online Banking.

Red X Appearing in Online Banking URL

If you use Chrome as your Internet browser and have updated to version 41, you may notice a red X over the lock symbol and a red line through the https in the URL when using Online Banking or other secure web sites.  While the Online Banking web site is still secure, these visual displays indicate that the SSL certificate being used by the web site needs to be updated to the latest version.  Our Online Banking service provider is aware of the issue and the SSL certificate updates are expected to be completed over the next few weeks.

If you would like to learn more about these updates, please visit Google’s Online Security Blog.

Moore Retires, Andstrom elected as Director at Jewett City Savings Bank

Brian_AndstromAt the 142nd Annual Meeting held on March 25, 2015, Kevin C. Merchant, president and CEO of Jewett City Savings Bank, announced the retirement of Dr. Eric L. Moore from the Board of Directors.

Dr. Moore began his exceptional service with the Bank as a corporator in 1998 and served as a board member from 2000 to 2015. He served on many board committees and was instrumental in helping guide the Bank’s investment committee, which he chaired for the last decade.

“Dr. Moore has been an integral part of Jewett City Savings Bank’s success. His commitment to serving the Bank, and his investment guidance will be sorely missed,” said Kevin Merchant.

Andstrom
Merchant also announced the election of Brian A. Andstrom to the Board of Directors. An award-winning, broker associate with the Partner Network since 2008, Andstrom is also a partner of B.E.B.E. Company, a land development company. He has extensive experience in residential, commercial, industrial, and construction real estate, which he gained early in his career with the Petrowsky Real Estate Company – a firm he later owned and merged with Realty World Quintal prior to joining the Partner Network.

Brian has an exceptional track record of professional success and service. He was recently named a “Five Star Real Estate Agent” by The American Registry, and is a fourteen-time recipient of the Eastern Connecticut Association of Realtors “Top 5% Sales” Award. He is also a past recipient of the “Business Person of the Year” Award from the Plainfield Chamber of Commerce.

He has served on the board of directors of the Eastern Connecticut Association of Realtors and as chairman of the Northeast Board of Realtors Professional Standards Committee for nearly a decade.

“Brian’s vast experience with commercial, industrial, and construction real estate will be a valuable asset in helping Jewett City Savings Bank increase home ownership and business development opportunities that strengthen our local communities,” added Merchant.

Temporary Position Available
for Residential Loan Underwriter

Jewett City Savings Bank is seeking an experienced residential loan underwriter for a 3 to 4 month employment opportunity.  The ideal candidate will have experience with Avista, Mortgagebot, Insight and LaserPro systems, as well as a wide variety of loan products including VA, FHA, CHFA, jumbo and construction mortgages.

EEO employer; all qualified applicants will receive consideration for employment without regard to disability status, protected veteran status, or any other characteristic protected by law.

 

Send your resume and Application for Employment to jobs@jcsbank.com (not a secure email).  Or, mail your submission to:


Human Resources Department
Jewett City Savings Bank
PO Box 335
Jewett City, CT 06351

Jewett City Savings Bank Foundation Announces Grants to Support Five Connecticut Food Pantries

Five Connecticut food pantries awarded a total of $11,500 in grants to provide critical food items to needy residents and improve pantry facilities

The Jewett City Savings Bank Foundation has awarded a total of $11,500 in grants to five Connecticut food pantries to purchase much-needed food and related items for those in need and to support the pantries’ additional programming to extend their reach into their service areas. These grants will help local food pantries achieve their mission of reducing food insecurity in eastern Connecticut.

The five food pantries receiving grants are Preston City Congregational Church, St. Mary Food Pantry, Town of Pomfret Food Pantry, Gemma E. Moran United Way Labor Food Center, and the Friends of Assisi Food Pantry, Inc.

Preston City Congregational Church, located in Preston, received a $2,500 award to provide basic food needs and items for holiday meals to local families, as well as certificates to local farmer’s markets.

Located in Jewett City, St. Mary Food Pantry received a $5,000 award, with $2,800 designated to purchase and install a much-needed propane tank to ensure generator-driven power to the pantry’s refrigeration unit during power failures. The remaining funds will be used to purchase food for those in need. The pantry serves residents of Griswold, Jewett City, Lisbon, Voluntown and surrounding towns.

The Town of Pomfret Food Pantry was awarded a $500 grant to provide food and basic needs to the town’s residents requiring assistance.

Gemma E. Moran United Way Labor Food Center of New London received a $1,500 award to support their Mobile Food Pantry’s scheduled distribution dates in the Town of Griswold. Each year, the Food Center distributes more than two million pounds of donated, surplus food to nearly 100 food pantries, soup kitchens, shelters, child care centers, community meal sites, and programs for the elderly. These member agencies in turn provide food and meals to 20,000 men, women and children throughout New London County each month.

The Friends of Assisi Food Pantry, Inc. in Danielson was awarded a $2,000 grant to continue the organization’s diaper donation program, distribute farmer’s market vouchers, and provide pantry support staff. The pantry serves residents of the Killingly, Danielson and Brooklyn areas.

These donations are part of Jewett City Savings Bank Foundation’s commitment to help improve the resources of food pantries in local high-need communities. In the past year, the Foundation has awarded more than $60,000 to help 38 local nonprofit organizations carry out their missions. According to Kevin Merchant, Foundation President, since its inception ten years ago the Foundation has awarded more than $500,000 to support organizations in its service area.

Food Pantry Coordinators (L-R); Stella Dawley, Laurie Waldron, Betsy Hopkins and Harriet Rosiene (not pictured) with Jewett City Savings Bank Foundation President, Kevin Merchant.

Food Pantry Coordinators (L-R); Stella Dawley, Laurie Waldron, Betsy Hopkins and Harriet Rosiene (not pictured) with Jewett City Savings Bank Foundation President, Kevin Merchant.

Jewett City Savings Bank Foundation Grants to Support Connecticut Health Services Agencies

Five Connecticut health services agencies awarded a total of $6,760 in grants to create healthier communities

The Jewett City Savings Bank Foundation has awarded a total of $6,760 in grants to five Connecticut health services agencies to help fund community programs and create healthier communities throughout the region. The five Connecticut health services agencies are United Services Inc. ($1,500), Interfaith Human Services of Putnam ($1,000), Center for Hospice Care Southeast CT ($1,000), Safe Futures Inc. ($1,000) and United Community and Family Services Inc. ($2,260).

With a main office in Dayville and serving northeastern Connecticut, United Services Inc. was awarded $1,500 to help fund the agency’s Parent Support Group at the Center for Autism. United Services is one of Connecticut’s most comprehensive private, nonprofit behavioral health centers, providing mental and behavioral health education, prevention, treatment and social services to the adults, children, families and businesses of northeastern Connecticut since 1964.

Interfaith Human Services of Putnam was awarded $1,000 by the Foundation to expand the agency’s cloth diaper program and to provide potty training kits to families. IHSP is a human services organization serving those in need in the greater Putnam area.

Located in Norwich, the Center for Hospice Care Southeast Conn. was awarded $1,000 to provide support to the Special Care Fund, which gives assistance for emergency family needs, special therapies and services to patients, as well as bereavement counseling. The Center has spent more than 25 years providing quality care for people with life-limiting illnesses and support for their loved ones before and after death.

Safe Futures Inc. is based in New London and was awarded a $1,000 grant to provide the Healthy Relationships program to high school students at Griswold High School in spring 2015. Safe Futures strives to save lives, restore hope and change the future for those impacted by domestic violence and sexual assault in southeastern Connecticut.

Based in Norwich, United Community and Family Services Inc. was awarded a $2,260 grant to provide funding for dental supplies for the uninsured clients of their Mobile Dental Suite in Griswold and Plainfield, and to increase awareness of the program with new marketing materials. For more than 130 years, United Community and Family Services has been providing healthcare and community services to Norwich and the surrounding areas.

These donations are part of Jewett City Savings Bank Foundation’s commitment to help improve the resources and programming for health services agencies in high-need communities. In the past year, the Foundation has awarded more than $60,000 to help 38 local nonprofit organizations carry out their missions. According to Kevin Merchant, Foundation President, since its inception ten years ago the Foundation has awarded more than $500,000 to support organizations in its service area.

Jewett City Savings Bank Foundation Announces Grants to Improve Library Services in Jewett City and Voluntown

Slater Library and Voluntown Public Library awarded a total of $3,500 to improve technology and expand resources for library patrons

The Jewett City Savings Bank Foundation has awarded a total of $3,500 in grants to two local libraries: Slater Library in Jewett City and Voluntown Public Library.

Slater Library was awarded a $2,500 Foundation grant to dedicate a reading room as a young adult section of the library. The grant will be used to provide four tablet devices and a special tablet workstation in the young adult section, as well as supplement the young adult section with a permanent collection of classic literature that is typically required reading for students. The library is located at 26 Main Street in Jewett City.

The Town of Voluntown Public Library received a grant of $1,000 to expand their museum pass program to include Old Sturbridge Village, the Mashantucket Pequot Museum and Research Center, and an additional day pass for Connecticut state parks and forests. The remaining funds will be used to enhance the library’s Connecticut history section with additional books on the state’s history and lore. The library is located at 107 Main Street in Voluntown.

These donations are part of Jewett City Savings Bank Foundation’s commitment to help improve the resources available to the residents of its local communities. In the past year, the Foundation has awarded more than $60,000 to help 38 local nonprofit organizations carry out their missions. According to Kevin Merchant, Foundation President, since its inception ten years ago the Foundation has awarded more than $500,000 to support organizations in its service area.

Jewett City Savings Bank observes America Saves Week

AmericaSavesWeek2015Fee waiver, free duffle bags

As part of America Saves Week 2015, which takes place this year from February 23 through 28, Jewett City Savings Bank hopes to encourage people to establish and reach their savings goals.

“Setting a goal, making a plan, and saving automatically is a great way to start,” said Kevin Merchant, president and CEO of Jewett City Savings Bank.

During America Saves Week, Jewett City Savings Bank will offer new savings accounts and waive the minimum balance service fee for six months, giving consumers time to achieve the minimum balance by saving just $8 per week. New savings account customers will also receive a Jewett City Savings Bank duffle bag (while supplies last.) Those opening a new savings account for a minor will receive a free piggy bank. New accounts can be opened at any Jewett City Savings Bank location.

“Fewer than half of Americans have good savings habits, and we hope these incentives will make people think more about the importance of saving, and realize the difference a successful savings habit can make,” said Merchant.

“The goal of America Saves Week is to change that statistic for the better.”

America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Typically thousands of organizations across the country participate in the Week each year, reaching millions of people.

Jewett City Savings Bank Foundation Awards Grants Totaling $13,450 to 11 Fire Departments and Ambulance Companies

Local fire departments and ambulance services receive much-needed support for training, community education, materials and equipment

The Jewett City Savings Bank Foundation has awarded a total of $13,450 in grants to 11 local fire departments and ambulance services in northeastern Connecticut, an area where many departments are volunteer-based and lack the funds to provide additional training and updated equipment.

Jewett City Savings Bank Foundation is proud to provide grants to the following emergency services providers:

  • Pomfret Fire Department: $700 to fund a community first aid course
  • A. A. Young Jr. Hose and Ladder Company in Jewett City: $1,100 to purchase a G-450 multi-gas detector
  • Central Village Fire Company: $1,200 to purchase new fire hose fittings and adapters
  • Preston City Volunteer Fire Department and Poquetanuck Volunteer Fire Department in Preston each received $1,250 for new feedback-capable CPR training mannequins
  • Sterling Volunteer Fire Company: $800 to update facilities with new tables for training
  • Atwood Hose Fire Company in Wauregan: $1,200 to purchase a four-gas meter with calibration kit and charger
  • American Legion Ambulance of Moosup: $2,500 to purchase a chest compression system
  • Plainfield Fire Company: $1,200 for materials and equipment for a new training facility
  • Voluntown Volunteer Fire Co.: $1,550 for EMT medical bags and hoods and gloves for firefighters
  • Oneco Fire Company: $700 for new fire department equipment

These donations are part of Jewett City Savings Bank Foundation’s commitment to help improve the resources available to organizations that provide vital services in its local communities. In the past year, the Foundation has awarded more than $60,000 to help 38 local nonprofit organizations carry out their missions. According to Kevin Merchant, Foundation President, since its inception ten years ago the Foundation has awarded more than $500,000 to support organizations in its service area.