Community Banking

Their Future Depends on You

Small businesses have been severely impacted by the Covid-19 crisis. The economic hardship, caused by the pandemic, has forced many small businesses into bankruptcy, or to drastically scale back operations, leaving them struggling to survive. About 53 percent of small business owners don’t expect to return to pre-Covid operations for at least the next six months, according to the Small Business Pulse Survey conducted by the U.S. Census Bureau in December 2020. Now, it’s more important than ever to ensure local small businesses recover because of the role they serve in driving economic vitality into our local communities.

According to The Small Business Economic Impact Study, conducted by American Express in 2018, small businesses account for 44 percent of the economic activity. The study also states that every dollar spent at a small business supports 50 cents in local business activity, and every ten jobs created at a local business supports an additional seven jobs within the community. Consequently, losing these businesses could have a devastating ripple effect on a local community.

Supporting your local small businesses – some added benefits:

  1. Community Support. Local small businesses become an integral part of the communities they serve. By supporting these businesses, small business owners will likely give more back to their communities in return. It’s a win-win!

  • Community Desirability. The unique flavor a small business brings to a community makes it a special place to live or visit.

  • Unique Offerings. Local small shops can fill a narrower niche than big-box stores. They can cater to the customer looking for something unique or uncommon.

  • Personalized Customer Service. Many small business owners know their customers by name and make it a point to develop relationships with their regulars. Customers are more than a number.

  • Competition. Competition is fostered by communities with many small businesses, which keeps prices low and innovation high.

As the impact of COVID-19 lessens and many of the local businesses you once frequented are open again, here are some surprisingly simple ways you can help and support them:

  1. Shop locally and online. Patronize open local shops. If you’re still not comfortable shopping in person or if the store is still not open for in-store service, many small businesses have an online presence as well.

  • Do something small for your favorite local shop each week. Making a small purchase or giving them a positive review online each week can go a long way to help them stay afloat.

  • Buy a gift card or shop now for later. Think about gifts or gift cards you can buy right now and give later. You may not need these today, but the revenue from these sales is a huge boost to the business’ bottom line during this critical time.

  • Order take-out. Even if your favorite restaurant remains closed for indoor dining, you can support them by curbside pick-up or delivery (e.g. Grubhub, DoorDash, Uber Eats, etc.).

  • Tip generously. Whether you eat in or take out, give a generous tip. Tips are even more important right now to small business workers who may have lost hours due to in-house services being shut down.

  • Recommend your favorite small businesses to your friends and family. Word of mouth, especially when it comes from a friend or family member, can go a long way to help support local small businesses.

  • Advertise your favorite small businesses. Small businesses often have branded merchandise (t-shirts, caps, etc.) By purchasing these items you will be increasing their sales revenue as well as promoting their business when you wear them.

  • Consider small before big. Before hitting the “purchase” button on your favorite big-box online store, always be mindful and take a few extra minutes to determine if you could be supporting a local small business instead.

We are stronger together and because of that we can be a great source of support to our local small businesses. Together we can truly make a difference and help save our small businesses and the jobs they create.

National Teach Children to Save Day

One of the most valuable lessons you can teach a child is the importance of saving. With April 22 designated as National Teach Children to Save Day, there’s no better time to start or reinforce this important practice. This annual event, sponsored by the American Bankers Association since 1997, promotes education to students in grades K-12 about budgeting, saving, recognizing needs versus wants and how interest makes money grow.

According to a recent National Foundation for Credit survey, just 55 percent of adults give themselves a good grade in their knowledge of personal finance. In additional, according to Bankrate, approximately 3 in 10 Americans, or 28 percent, have no savings set aside for emergency expenses.

Building a habit of saving money doesn’t happen overnight. It requires time and diligence, and many adults have yet to master it. Consequently, our next generation’s financial literacy needs attention immediately. Developing good saving habits as a child creates a foundation for a lifetime of saving and teaches money management skills that prepare them for a solid financial future.

Here are some actions you can take to get your child – and perhaps yourself – on the right track:

  1. Help them understand the difference between wants and needs. Teaching kids to differentiate between wants and needs is the building block of the value of saving. If you don’t have a household budget, this is the perfect time to develop one and share it with your child. With this in hand, explain that needs include the basics, like food, shelter and clothing, and wants are the extras – once the basics have been met.

  • Let them earn their own money. Allowing your child to earn their own money, via a weekly allowance for chores around the house or getting paid for other side jobs (e.g. helping the neighbor with yard work, washing their car, etc.), helps them to become savers. This also teaches them the importance of earning, saving and where to spend their money, as well as helps them learn the value of hard work.

  • Help them establish savings goals. Just being told to save money without a “why” will seem pointless to a child. Having a savings goal, for example, wanting to buy a certain video game or toy, will help them figure out how long it will take, based on their savings rate, to reach this goal.

  • Provide a place to save. Once your child has established a goal, now he/she needs a place to put their money. For younger kids, this can be piggy bank. But, if they’re older, this is an opportune time to help them set up their own checking or savings account. With either option, provide them with a journal or register to help them keep track of the progress they’re making towards their savings goal.

  • Provide interest as a motivator. Like adults, children are motivated to set money aside not only by achieving a set goal, but also by earning interest. While savings accounts today offer very low interest rates, you can provide additional incentive for your child by being the banker, so to speak, and providing an established interest payment, based on their savings balance, or a matching contribution every month.

  • Help them account for their spending. Realizing where their money is going will be an eye-opening experience, like it is for most adults when developing a household budget. Have your child write down their purchases (in their journal or register), as they occur, and adjust the balance. This will help them have a better understanding of how they are spending their money as well as how much faster they could reach their savings goal if they change their spending habits – practicing delayed gratification.

  • Allow them to make mistakes. Putting your kids in control of their money also gives them the opportunity to learn from their mistakes. Although it’s tempting to step in and steer your kids from financial mistakes, in the long run it’s better to use the mistake as a teachable moment. Learning from their financial mistakes now will help them avoid potentially costly mistakes in the future.

  • Talk about money and lead by example. In a recent T Rowe Price study, 44 percent of the parents indicated they’d never discussed long-term investing with their kids and 10 percent of these parents said they had zero savings for retirement, emergencies, college, or other financial goals. If you want your child to know about saving and become a saver, you must lead by example by keeping the money conversation ongoing and being a saver yourself.

Although Teach Children to Save Day only occurs once a year, there are lessons to be learned, by parents and children alike, all year long. So, take the opportunity that April 22 presents to lay the foundation for a bright financial future for your child and yourself.

November…The Perfect Time for Storytelling

With the Thanksgiving holiday just a few weeks away, November is the perfect time to celebrate National Family Stories Month. 

Family memories and traditions hold a special place in our hearts, especially during the holiday season. So, National Family Stories month, celebrated throughout the month of November, is a great way to kick off the holidays by gathering your loved ones together and taking a trip down memory lane. This annual celebration provides an opportune time to share fun stories from the past as well as revisit some of life’s historical moments that can be passed around and down to future generations.

Whether it’s a funny story about your then teenage brother who was met with the seething look of the neighbor lady as he’d just finished toilet papering her house or a sad story about unexpectedly losing someone dear to you at a young age or the story of the strength and courage of your grandfather who immigrated to America by himself at the tender age of 13 or a romance story of how your parents or grandparents met, your loved ones will surely treasure these anecdotes for years to come.

So, as you gather your family (big or small) together this Thanksgiving holiday, start a new tradition, family storytelling. I’m sure you’re already coming up with some great ideas to celebrate National Family Stories Month, but just in case, here are a few suggestions to get the dialogue started:

  • Prepare a list of questions ahead of time and email them to your family members who will be attending your Thanksgiving celebration. Here are some prompts:
  • What is your favorite story about your childhood?
  • What was the most impactful invention/breakthrough in your lifetime and why?
  • Who was your first crush?
  • What did you want to be when you grew up, or for kids, what do they want to be when they grow up and why?
  • What was the scariest thing that ever happened to you?
  • What was the bravest thing you ever did?

  • Grab an elder in the room and ask them to share some stories about the “good ole days.”

  • Share stories about your children with them – their birth, funny things they said and did as a kid, their first words, etc.

  • Add photos, when possible, to complement the stories.

Every family has a story to tell. Stories that teach, inspire, bind and give us a sense of belonging. These are family heirlooms to be held on to long after the holiday dinner leftovers. So, celebrate this National Family Stories Month and the Thanksgiving holiday by opening your family’s book and sharing the first of many memorable chapters.

From our Intracoastal Family to yours, have a safe and blessed Thanksgiving holiday!

The Power of Your Vote

We do not have government by the majority. We have government by the majority who participate. Thomas Jefferson

We are entering the home stretch of the Tuesday, Nov. 3, Election Day. This election may be the most contentious – lines etched deeply in the sand – in our country’s history. Yet, no matter what your party affiliation is or who you are rooting for, what’s important is exercising your right to vote.

With the voter registration deadlines looming across the country (Florida’s deadline – Online: Oct. 5, Mail-in: Postmarked by Oct. 5, In person: Oct. 5), time is of the essence to ensure your vote counts.

Strong voter turnout is essential to a healthy democracy. Sadly, voter turnout in the U.S. is much lower than most established democracies. Typical voter turnout in presidential election years is approximately 60 percent of the eligible voting population. During midterm elections, voter turnout drops to about 40 percent. Local elections tend to be decided by a much smaller group, with fewer than 15 percent of eligible voters turning out.

These percentages are troubling because it reflects the political disengagement of the U.S. voting population. People who are eligible to vote and don’t are renouncing one of the most effective ways to shape the direction of our country and the local communities in which we live.

If you think your one vote doesn’t make that much of a difference, you’re mistaken.

In 2000, Al Gore narrowly lost the Electoral College vote to George W. Bush, with the election coming down to a recount in Florida. Bush had won Florida’s popular vote by such a small margin that it triggered an automatic recount as well as a Supreme Court case (Bush v. Gore). Bush ended up taking Florida by only 0.009 percent of the votes cast or 537 votes.

In the 2016 election, Trump defeated Hillary Clinton by a close Electoral College win. Clinton had won the popular vote by nearly three million votes, however, the concentration of votes for Trump in the key “swing” states like Wisconsin, Pennsylvania and Michigan gave him enough electoral votes to win the race.

Every vote counts! Participating in elections is one of the key freedoms of being an American. Your vote is your voice. It’s a powerful way of telling lawmakers, on community, state and national levels, what you want and what issues are important to you.

However, merely casting your vote is only part of your civic duty. You should be an informed voter as well. Not knowing anything about any of the candidates or issues isn’t an excuse for haphazardly or apathetically voting, or not voting at all. Bring yourself up to speed on political issues, local and national, and determine where you stand. It’s not too late. Fortunately, we have the power of the Internet today, and finding out who each candidate is and what he or she stands for couldn’t be easier. Check out candidates’ websites and social media pages as well as news articles about them. The posts of your Facebook “friends” shouldn’t shape your opinions of candidates and issues.

Voting is not just a right, it’s a civic responsibility. Voting only takes a few minutes but has an impact for years to come.

National Suicide Prevention Awareness Month

September is designated National Suicide Prevention Awareness Month, with the week of September 6 – 12 National Prevention Week and September 10th World Suicide Prevention Day. During the month, suicide prevention organizations around the nation will be holding events to raise awareness of what has become the leading cause of preventable deaths in our country.

Suicide is a significant and often unaddressed public health problem in the U.S., and it’s getting worse. According to the Centers for Disease Control and Prevention (CDC), there are an average of 123 suicides each day, making it the tenth leading cause of death, and it is the second leading cause of death for ages 25-34 and third leading for ages 15-24 in this country. The CDC also reports that the rate of suicide has spiked by 35 percent since 1999.

Suicide doesn’t discriminate by race, age, gender, or ethnicity, notes the National Institute of Mental Health (NIMH). The NIMH cites the following main risk factors for suicide:

• A prior suicide attempt
• Depression and other mental health disorders
• Substance abuse disorder
• Family history of mental health or substance abuse disorder
• Family history of suicide
• Family violence, including physical or sexual abuse
• Being between the ages of 15 and 34 years or over 60

Since late June, mental health professionals have been reporting a significant increase in depression and anxiety, with many mental health clinics overrun with new patients and increasing visits from existing patients. They are attributing this recent increase to the coronavirus pandemic. With daily doses of statistics of new virus cases and related deaths and record unemployment numbers, and increasing fear and isolation, mental health experts are growing concerned that the pandemic is pushing American into a mental health crisis.

The CDC found that about 41 percent of adults surveyed in late June “reported an adverse mental or behavioral health condition.” Additionally, this report shows that the number of Americans suffering from depression and anxiety has tripled compared to the same time last year. Approximately 1 in every 10 of the survey respondents indicated they’d started or increased their use of alcohol or elicit drugs, and twice as many respondents, as compared to this same time period in 2018, reported serious consideration of suicide.

These are extremely challenging times. But, we can all do our part during the month of September (and beyond) to help those in need by drawing attention to the problem of suicide and advocating the prevention of this terrible, preventable tragedy.

Here are a few suggestions:

1. Spread the Message – Spread awareness during the month of September by taking time to reach out to those in need via social media, wearing and sharing suicide prevention pins or starting your own suicide awareness and prevention campaign.

2. Volunteer – Volunteer at your local crisis center.

3. Record and Share a Supportive Video – This is an easy way to help that doesn’t cost money or time. Simply record a video promising your family and friends that you are there for them if they need to talk about anything. Then upload the video to your social media sites using hashtags such as #suicideispreventable #800273TALK.

If you are concerned that someone you know may be suicidal you should:

1. Ask the Tough Question – Even though it’s uncomfortable, be direct…ask them if they are thinking about suicide.

2. Listen – Be sure to let them know that you are there for them, day or night, and you want to hear and care about what they have to say.

3. Perform a Safety Check – If you’re concerned about their well-being, try to remove things in their immediate environment that they could use to harm themselves.

4. Don’t Keep This a Secret/Help Them Seek Professional Help – Let them know you will help them come up with a plan that involves finding and talking to a mental health professional.

Although these are great ways you can help all year-round, Suicide Prevention Awareness Month is the perfect time to get started! For free and confidential emotional support 24/7 for those in crisis or emotional distress, contact the National Suicide Prevention Lifeline at 1-800-273-8255.

Maintaining Your Mental Health During the COVID-19 Crisis

As you navigate this alien world of surgical masks in the grocery stores, the shortage of everyday household supplies, the overcrowding in our healthcare facilities and the bombardment of news that our world has become a dangerous place to live, you may be beginning to feel overwhelmed and anxious. The novel coronavirus outbreak has created unprecedented levels of anxiety for most of us – for some who are actually battling the virus, but for the vast majority who are facing the unknown, the disruption of their everyday routine, loss of employment and serious financial concerns.

This is unchartered territory for most of us, and it is frightening! For many people, the fear of the unknown and the incessant doom and gloom headlines make it all too easy to spiral into overwhelming dread and panic. But, there are many things you can do to self-care – manage your anxiety and fears – during this unique crisis.

Take Care of Yourself First – Like the announcement we hear each time we get on an airplane, “In case of a cabin pressure emergency, put your own mask on first before assisting others.” This is a metaphor for life. You can’t help others for very long if you don’t take care of yourself first.

Keep a Routine – Even if you’re stuck at home, try to maintain your normal routine by sticking to your regular sleep, meal, and school or work schedule.

Eat Well – Proper eating is one defense against most diseases. Eat plenty of fruits and vegetables. Avoid eating out of boredom or anxiety, eliminate or reduce alcohol consumption and other intoxicants and stay well hydrated.

Exercise – Although we can’t hit the gyms like we used to, there are many safe alternatives you can do in the comfort and safety of your home. If you don’t have any exercise videos, use YouTube and Instagram to help you find ways to stay fit or just take long walks.

Limit News Intake – Limit your media consumption to only the information you need to know to stay safe…then turn it off! This advice goes for financial information as well. Watching the stock market go up and down (mostly down) all day can have a negative impact on your mental wellbeing.

Have Fun – Enjoy the extra time you have with your family by talking…and laughing, playing board games, cards, putting together puzzles and cooking.

Connect – Take this downtime to reach out to those you care about, making sure they are staying safe and letting them know how important they are to you. Take advantage of the many technical (FaceTime) and social media resources to stay connected during this time of social isolation.

Engage in Positive Activities – Read a good book, listen to uplifting music, watch the sunrise or sunset, get out in nature, practice yoga or meditate. Limit your interactions with negative people. Remember emotions are contagious and right now fear is rampant.

You can also counteract distress over the loss of control by straightening up what you can. This is a great time to clean and organize your home or to attack a home improvement project you’ve been meaning to get to.

Reflect – The sudden halt in our daily lives, caused by this unprecedented crisis, has forced us to sit still. We can spend this time by being overwhelmed with negative thoughts and a sense of despair or we can use these quiet moments to reflect on the positive changes we want to make in our lives when this pause button is removed. Try to think about the activities in your life you’ve come to realize are important and you want to resume, start making a mental list of the ones you don’t, and above all, focus on the many blessings you have.

The national Disaster Distress Helpline is available to anyone experiencing emotional distress related to COVID-19. Call 1-800-985-5990 or text TalkWithUs to 66746 to speak to a counselor.

February: American Heart Health Month

With Valentine’s Day less than two weeks away, many of us view February as the month of love. However, February is also designated as American Heart Health Month. In addition, on the first Friday of every February (this year is February 7th), the nation comes together, donning the color red from coast to coast, for National Wear Red Day, celebrating one common goal: the eradication of heart disease and stroke.

American Heart Health Month is a federally designated event that was proclaimed by President Lyndon B. Johnson on December 30, 1963 to encourage Americans to join the battle against heart disease. This annual, month-long celebration helps remind Americans to focus on their heart and encourages their involvement with family and friends, and within their communities.

Heart disease is the leading cause of death of Americans. According to the American Heart Association, approximately 2,200 people die each day from heart disease. In addition, about 1.3 million adults have high blood pressure and 6.5 million are living with heart failure.

Heart disease is being diagnosed in younger adults more and more often. High rates of obesity and high blood pressure among young people are putting them at risk of heart-related diseases at an earlier age. Although genetic factors play a role in heart-related conditions, nearly 80 percent of cardiovascular diseases may be preventable with education and lifestyle changes.

How to Take Control of Your Heart Health

Don’t Smoke – Smoking is the most preventable cause of premature death in the United States. Smokers have a higher risk of developing many chronic disorders including atherosclerosis and a buildup of fatty substances in the arteries. So, if you don’t smoke, don’t start. If you do smoke, learn how to quit – there are numerous helpful resources out there.

Managing Your Health – Work with your health professionals to manage your weight, blood pressure and blood sugar levels. All of these factors play a significant role in maintaining a healthy heart.

Stay Physically Active – Heart pumping physical activity helps prevent cardiovascular disease as well as improves your overall mental and physical health.

The American Heart Association recommends five 30-minute exercise sessions each week. If this seems a little daunting, break these sessions up into two or three 10-15 minute segments throughout the day. Walking, jogging, biking and swimming are great forms of cardiovascular exercise. The American Heart Association also recommends adding moderate to high-intensity strength training into your sessions to improve daily functional movements and decrease the chance of injury.

Make Heart-Healthy Eating Choices – A diet low in trans-fat, saturated fat, added sugar and sodium is essential to a healthy heart and lifestyle. Aim to fill at least half of your plate with vegetables and fruit. Salmon, nuts, berries and oats are just a few of the heart “superfoods,” that may help reduce the risk of atherosclerosis. As a special treat, add dark chocolate, in moderation, to the list – it’s good for the heart and satisfies the sweet tooth.

Reduce Stress – Stress increases cortisol, a steroid hormone, which can lead to weight gain, a key risk factor in heart disease. Stress can also lead to other unhealthy habits including overeating and excessive alcohol consumption. Stress can also increase the risk of anxiety and depression.

Get Plenty of Rest – Many Americans today are sleep deprived. Sleep restores the body, helps decrease stress and anxiety and increases overall happiness.

With all this said, “get your red on” and make this February the beginning of healthy habits and lifestyle changes. Your heart will thank you!

The History of New Year’s

Now that you’ve rung in 2020 with a glass or two of the bubbly and are most likely already rehashing the long list of resolutions you’ve made, and probably not kept, over the last decade, vowing to make a better effort this year, I thought I’d share some New Year’s history facts you probably don’t know. I’m sure you’ll find, like I did, that there’s a fascinating and lengthy history behind this widely celebrated holiday.

Many countries around the world celebrate the beginning of the new year. However, celebrating New Year’s is not new. Celebrations of the new calendar year have been around for thousands of years, dating back to ancient Babylon in 2,000 B.C. The Mesopotamians marked the beginning of the new year by the first new moon after the vernal equinox, which took place sometime in late March. This was celebrated with a huge 11-day festival called Akitu. The festival involved a different ritual every day, celebrating the mythical victory of the sky god Marduk over the sea goddess Tiamat. This celebration also included the crowning of a new king or allowing the current ruler to continue his reign. According to the history books, this was the festival of all festivals and would put our present day New Year’s celebration to shame.

The Roman’s celebration of the new year also originally corresponded with the vernal equinox. Their early calendar, which according to tradition, was created in the eighth century B.C. by Romulus, the founder of Rome, consisted of 10 months (304 days), with each new year beginning at the vernal equinox. However, over the centuries, this calendar fell out of synch with the sun. Consequently, in 46 B.C., with the consultation of the most prominent astronomers and mathematicians of the time, Julius Caesar introduced the Julian calendar. This was a solar-based calendar, instituting January 1st as the first day of the year. Caesar chose this day to honor the month’s namesake Janus, the Roman god of change and beginnings. This calendar resembles the modern Gregorian calendar that most countries around the world use today.

By the middle ages, medieval Europe considered the January 1st celebrations of the new year pagan and unchristian-like. Consequently, in 567 A.D. the Council of Tours replaced the January 1st date with days carrying more religious significance, such as December 25th or March 25th.

In 1582, Pope Gregory XII re-established January 1st as New Year’s Day, after the reform of the Gregorian calendar. Interestingly, although most Catholic countries immediately adopted this calendar, Protestant countries, like Britain and their American colonies, continued celebrating their new year in March until 1752.

So, now that I’ve astonished you with all these fascinating tidbits of New Year’s history, it’s time to begin or get back to the task at hand – formulating this year’s new and improved (LOL) list of New Year’s resolutions!

From our Intracoastal family to yours, here’s to a happy, healthy and prosperous 2020…and sticking to your resolutions!

Celebrate Fall

Fall has always been my favorite season. The time when everything bursts with its last beauty, as if nature had been saving up all year for the grand finale.  Lauren Destefano

Although it may not feel like fall in the Sunshine State, there
are still many wonderful ways to celebrate the season. From activities like apple
picking and attempting a corn maze to attending the many festivals around the
state, fall presents lots of fun activities for the whole family.

Here are a few fun ideas sure to make long-lasting memories:

  1. Go Apple
    Picking
    – Apple picking is a great way to get fresh produce and enjoy the
    beautiful fall weather as well as a wonderful learning opportunity for young kids.
    You can show them how to properly pick apples from the tree and give them the
    chance to try different varieties of apples to determine which ones they like
    best. Google Florida U-Pick Apple Orchards for a list of
    orchards near you.
  2. Visit
    a Pumpkin Patch
    – One very popular family fall activity is visiting a
    pumpkin patch. Like apple farms, pumpkin patches typically have other fun
    activities as well like hay rides and maybe even a petting zoo. Google Florida Pumpkin Patches for one near
    you.
  3. Attempt
    a Corn Maze
    This is a great
    family activity because it gives your family the opportunity to work together,
    deciding which ways you should go. Some mazes can be difficult, and it provides
    a great feeling of achievement when you make it to the end. Google Florida Corn Mazes for one near you.
  4. Bake
    a Pie
    – The holiday season is just around the corner, so fall is the
    perfect time to try your hand at making a pie. There’s some work involved in
    making a pie from scratch so make it a family affair. Find a great apple and/or
    pumpkin pie recipe and start baking and creating fun family memories!
  5. Make
    Caramel Apples and Roast Pumpkin Seeds

    This a wonderful and delicious way to make use of the apples you’ve picked
    from your apple orchard trip and pumpkin you’ve brought back from your pumpkin
    patch visit.
  6. Collect
    Leaves and Acorns and Do a Fall Craft
    –The colorful leaves and acorns that drop from the trees are one of the best
    things about fall. They are great for DIY projects and decorating your home.
  7. Enjoy a
    Fall Festival
    – What Florida lacks in colorful foliage, it more than makes
    up for in fun and entertaining fall festivals. 

North Central Florida Peanut Festival – Fun, food, games,
entertainment as well as a competition for girls and boys for Little Peanut
King and Queen. October 5 at Heritage Park in Williston.

Winter Park Autumn Art Festival – Artworks by over a hundred
artists as well as musical entertainment, food and children’s activities.
October 12 to 13 at Central Park, located along Park Avenue in downtown Winter
Park.

Rattlesnake Music Festival – Features snake shows, entertainment,
food, arts and crafts…and even gopher races. October 18 to 20 at the Pasco
County Fairgrounds.

Fantasy Fest in Key West – Non-stop activities including parades,
masquerades, street parties and more. October 18 to 27.

McIntosh 1890’s Festival – Residents dressed in 1890’s attire and
Victorian and Florida cracker-style homes surrounded by century-old oak trees
make this the perfect backdrop for going back in time. This festival also
includes arts and craft booths as well as delicacies from many food concession
stands. October 26 along Highway 441 between Gainesville and Ocala.

Florida Seafood Festival in Apalachicola – Sample delicious seafood
and enjoy arts and craft exhibits and fish-related events and displays. November
1 to 2 in Battery Park in downtown Apalachicola.

Micanopy Fall Harvest Festival – Live music, an auction and over
200 displays of works from local and southeast artists. November 2 to 3, just
off Highway 441, 12 miles south of Gainesville

Riverhawk Music Festival – Live entertainment on three stages,
all-day kids programs, song contests, great food and craft brews, and camping
in the woods. November 7 to 10 at the Sertoma Youth Ranch in Brooksville.

Epcot International Food & Wine Festival – Sample world-class
foods and wines. Enjoy live music, cooking events as well as meet and greets
with celebrity chefs. August 29 to November 23 at Epcot World Showcase.

Helping Your Child Establish Credit

Preparing your child for adulthood is daunting. As a parent, no matter how old your child becomes, worrying about their health and safety will always remain in the forefront. However, as they begin to mature into young adults, their financial future becomes a growing concern.  Often overlooked, and yet, equally as important as helping your child choose a career path that is right for them, is helping your child establish credit.  

Here are a few tips to help you begin building credit for
your kids.

First and foremost, begin the “money talk” with your kids
while they are young. You should begin discussing basic financial concepts like
saving (help them open a savings account) and delayed gratification when they
are in elementary school. As they get older, introduce more complex concepts,
such as insurance, investing, credit cards and borrowing, and explain what
credit really means – the building blocks of consumer credit – and why it’s so
important. As a responsible parent, you should also make sure your credit
habits provide a good example.

In addition to providing a good financial
education…foundation, the following steps will help ensure your young, adult
child is well on his or her way by the time they are flying solo.

  1. Help them
    open a checking account.
    Show your child how a checking account works as
    well as the penalties associated with them if they overdraw their account or
    bounce checks. Once they understand and are comfortable with the basics, ease
    them into a debit card. This gives them some spending independence, while
    limiting it to the balance in their checking account.

  • Have
    them get a part-time job.
    A strong work ethic is a vital part of your child
    becoming a responsible adult. Having a part-time job in high school provides them
    with a valuable life lesson – the excitement of watching their savings grow and
    the frustration of seeing it disappear, especially if it’s due to a poor
    decision. This lesson is a precursor to understanding credit. In addition, the
    income provided by a part-time job will help them when they apply for their own
    credit card.

  • Add
    them as an authorized user on your credit card.
     As long as your own credit habits are sound,
    this is a good way to help your child establish his or her own credit record.  As an authorized user, your teen will usually
    get a credit card in his or her name, tied to your account. Typically, this
    account will also go on your child’s credit record.By setting ground rules for what they can charge and how and when
    (on-time) payments will be made, you will enhance your child’s understanding of
    how credit works as well as help their credit grow.

You can also add them as an authorized user without
giving them access to the account. Without giving them the possibility…opportunity
of overspending, you can still help them grow their credit as you use the
credit card and pay it off every month.

  • Have
    your college-aged child apply for a student credit card.
    Once your late
    teen has established good financial habits and income to support a credit line (usually
    income from a part-time job is sufficient), they may be ready to apply for
    their own credit card. These cards typically have lower credit limits and
    higher interest rates than general credit cards.

  • Help
    your college-aged child apply for a secured credit card.
    This is another
    option if your young, adult child is unable to get a student credit card. A
    secured credit card requires the cardholder to put down a deposit, typically a
    few hundred dollars, which is usually the credit limit they are given. Because
    there is little risk to the bank/credit card company with this type of card,
    most people can get approved.

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