Bank of Colorado answered the call from a community in need and, as one of the oldest banks in Colorado, is known for its stability, service, and values. Despite being farmers by trade, founding brothers George and Tom Dinsdale opened their first family-owned bank in their small Nebraska town 1938 during the Great Depression. In 1978, the Dinsdales expanded their community banks into Colorado. As a family-owned business for nearly 80 years, honesty, integrity, and clarity still guide their every decision.
Though banking has changed a lot over the years, Bank of Colorado is still cut from the same cloth as its founders and fully invested in Colorado’s future and every Colorado family. The bank’s crafted services reflect the community’s unique needs, with the tools and conveniences to help clients reach their financial goals.
Surveys have found that eighty percent of women are in charge of managing their family or household finances. As Greeley’s community bank, Bank of Colorado knows that women face important financial decisions every day and wants to equip all Greeley women with the critical knowledge to make the best financial decisions for themselves, their families, and their futures. There is only one Colorado, there is only one you, and one bank dedicated to both.
In accordance with Bank of Colorado’s community values, they’ve laid out five steps to set up all Greeley families for success.
Set Your Calendar for Good Financial Health
Check your credit report regularly. Experts recommend that you review your credit report at least once a year. A person who proves financial health is careful about managing their debt so that the information on their credit report yields a strong credit score.
Master Your Money with the 50-30-20 Method
While there are many tactics, you can use to figure out how much you should be spending monthly, one straightforward way to evaluate your spending is the 50-30-20 rule. This method recommends spending 50% of income on needs, 30% on wants, and 20% on savings or debts.
Do a Cost-of-Living Clean-Up
Review your monthly statements and regularly cut those long-forgotten memberships and subscriptions that no longer serve you or your financial goals.
Consider Sustainable Investing Solutions
Sustainable investing combines the traditional investment goal of making money to have an impact on a cause that is aligned with your values. Deciding whether to create a sustainable investment means balancing the likelihood of long-term financial gain with the likelihood that your investment will support a positive impact on the environment, society, or the world.
Save with the F.I.R.E Lifestyle
Look into the F.I.R.E. Lifestyle. FIRE (Financial Independence and Retire Early) is a long-term lifestyle goal that requires immediate modification of your short-term financial behaviors, which can accelerate debt payoff and increase saving. This new level of eagerness and awareness of lifestyle choices can accelerate debt payoff and increase savings.
