In 1903, Maggie Lee Walker made history by becoming the first Black woman to establish a bank. Richmond, VA was the place, and her vision was to provide economic opportunity to women and the city’s emerging Black middle class. She also served as the bank’s president. Her hard work and leadership helped break down barriers for others to follow. In 2020, Walker was one of eight women featured in “The Only One in the Room” display at the Smithsonian National Museum of American History. […]
Category: Personal Finance
Why Now is a Great Time to Switch Banks and Why it Should be Providence Bank
December is a terrific time to reflect on the year, decide what could be better, and make positive changes. In particular, it’s a chance to prepare your finances for whatever lies ahead. The decisions you make today can help you save thousands of dollars in the long run by giving you clear, tangible targets for spending and saving. […]
Warning Signs of Money Scams
Familiarizing yourself with the tell-tale signs of money scams is the best way to protect yourself from scammers. Many scammers gain your trust by impersonating a known person or by requiring you to pass through verification procedures in an effort to steal from you. The following are some of the common warning signs of money scams. […]
Restructuring Your COVID-19 Spending Habits
There’s no denying that the current pandemic has disrupted lives around the globe. Even if you haven’t felt the effects of the virus physically, you’ve likely felt it financially. Whether it is from extended time away from the job, losing your job , or the business, itself, folding, the monetary uncertainty is something you are likely worried about. While it’s hard to predict when things will begin to let up, or when your particular line of work might return to a semblance of normal, you’ll want to adjust your finances in order to make ends meet. Here are a few tips and suggestions on restructuring your finances and saving extra money. […]
Basic Tips to Use Credit Cards Wisely
Imagine walking into a bank to ask for a loan for a night out with friends. “Right away, sir/ma’am,” your friendly banker says. “Just sign here, here, and here. FYI, the annual interest rate is 20%, and there are steep surcharges for late payment.” […]
Navigating Money and Marriage
A joint bank account can be the ultimate symbol of trust in a relationship. It promotes transparency and unity in financial decisions. Surveys show that couples with a joint checking account are twice as happier. Even so, there are times when having separate accounts makes the most sense. It means freedom, autonomy, and the ability to steer yourself to a better financial future. Relationships may end, but financial needs are here to stay. […]
Do These 6 Things Right Now to Start Improving Your Finances
Many people simply find it hard to manage their finances, and end up spending a lot on unnecessary expenses. The key to saving money and spending wisely involves proper planning and commitment. Here are six things that can help you improve your finances: […]
Benefits of Community Banking
Whether you are searching for a place to save your money securely, or for a place to get a loan, you have multiple options. Typically, you can deposit your cash or borrow from the various large financial institutions with numerous branches across the country. Conversely, you can open any type of account at a relatively smaller community bank. […]