Personal Banking

Welcome to the Biddeford Savings Bank Blog

Help – my expenses are too expensive!

Modern life comes with some pretty costly habits; cable TV, internet service, mobile phone plans, dining out, and fancy beverages to name a few.  Think about this; a fancy coffee drink each day of the work week can easily add up to over $100 a month in expenses.  Add this to a mobile phone plan [...]

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A Penny Saved

This note goes out to the high school and college students who are now employed for the summer.  I suspect you are working to save money for the upcoming school year – either to pay for school itself or to cover living and incidental expenses.  Here are a few tips to help you reach your [...]

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Summertime and the living is good!

I have lived in Maine for 8 years and am enjoying the Maine life.  Have you noticed though, that summer seems extremely brief and winters not so brief?  Or, it is just me?  I didn’t think so.  Since that is the case, let’s all make sure we enjoy the wonderfulness of summer in Maine.  If [...]

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7 Pointers to Help Seniors Live at Home Longer

  Take a hard look at your finances. Arrange a meeting with a trusted family member or friend and a banker. It’s critical to understand your financial resources, how long they’ll last and what housing options are the most cost effective for you. Be sure to consider all costs associated with aging in place, including: [...]

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Tips for a Great Home Ownership Experience

Congratulations on your new home.  As you settle in to your new home, here are some important things to consider. Create a budget. The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It’s important to keep accurate records of your spending so [...]

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4 Important Questions When Buying Your First Home

4 Important Questions When Buying Your First Home 1.      How much money do you have saved up? Start with an evaluation of your financial health. Figure out how much money you have for a down payment. Down payments are typically 5 to 20 percent of the price of the home.  But be sure to keep [...]

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Helping Local Businesses Thrive

Helping local businesses thrive is good for all of us and key to our mission at Biddeford Savings. Supporting local businesses is one of the key functions of every community bank.  We are proud to serve thousands of local businesses and we have knowledgeable staff available to assist small business owners.  If your small business [...]

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Small business is the Maine Business

small-business-saturday

Here in Maine we are blessed to have a vibrant community of entrepreneurs starting and growing small businesses.  These brave women and men often start with a little more than a dream and a few dollars.  Not all succeed; the statistics tell us 90% of small businesses fail in the first five years.  Despite the daunting [...]

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Plans are good things, especially financial plans.

Woman looking at document in front of laptop

Younger consumers may be trying to payoff student debt.  Later, how do I buy a home becomes a priority.  Then, how do I help pay for a child’s education.  Finally, how will I ever be able to afford retirement?  A good financial plan is built in phases, phases that reflect where you are in your [...]

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Credit where credit is due….

POS terminal

Most of us owe somebody (or some institution) something.  It may be a mortgage, a car loan, a credit card, a student loan, or any other kind of personal loan.  Used properly, credit is a good thing – it allows us to purchase expensive assets (home, vehicle) and pay for them over the lifespan of [...]

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