Guaranty Bank & Trust Austin 78725

[Jamey Swinton]

It is never too early or too late to start saving.

Saving is a good discipline and one that can help you achieve not just your short-term wants (a car, TV or holiday) but your long-term financial goals as well (investments and eventually financial independence).

Why Save?

Once upon a time, people saved for things before they were able to buy them. However, we have gradually drifted from being savers to spenders and being in debt, due to the easy availability of credit.

For many people, their expenditure is more than their earnings, which means they are using credit to purchase things. Put another way, they are using tomorrow's income to fund today's consumption.

But another and better way is to live within your means and save for the things you want, particularly consumable items. While interest rates are low it may seem like a good idea to buy what you want now and pay for it later.

Unfortunately, with the possible exception of housing, most items purchased are what's known as depreciating items or assets, where the value of the good decreases over time.

If this item has been purchased on credit, it is most likely that by the time the item has been paid off, the value of the good is far less than when it was purchased.

From our Regular Savings that does not require a high balance to our Premier Money Market account that earns an attractive interest rate you will be able to get the right savings account that best fits your needs.

Savings for retirement, a vacation or a rainy day – whatever you use your savings for, Guaranty Bank & Trust is here to help.

---

Guaranty Bank & Trust Austin 78725