Feb 29, 2012

Supporting Area Students With the Bank of Luxemburg Scholarship

2012 marks ten years since we created our Bank of Luxemburg Scholarship program, and we’re eager to continue our commitment to the education of future business leaders. Bank of Luxemburg has already awarded $159,000 in scholarships to our customers’ children and grandchildren over the years.

Our scholarship is designed for graduating high school seniors planning to continue their educations at a university, college, or vocational school. The selected students will each receive a $1,000 scholarship annually for up to four years of fulltime enrollment. We’ll award several scholarships to students attending high schools in our Bank of Luxemburg market area.

Scholarship applications will be available at all Bank of Luxemburg locations and in the guidance offices at Luxemburg-Casco and Algoma High Schools.

To submit your application by the April 1, 2012 deadline, please mail it to:
Bank of Luxemburg
630 Main St.
Luxemburg, WI 54217
A Bank of Luxemburg representative will announce the selected students at their school banquets or ceremonies at the end of the school year.

If you’d like more information about the Bank of Luxemburg Scholarship, please call (920) 845-2345.

Feb 14, 2012

4 Quick Fixes to Save Money

Saving money can be a slow process. Little by little, you increase your funds until you finally reach your goal. Fortunately, there are also some faster ways to jumpstart your savings efforts.

Here are four “quick fixes” to save money:

1. Take a look at your bank accounts.
Some banks charge maintenance fees. Make sure your bank is giving YOU something! Look for interest, account perks and other benefits you’ll use and enjoy.

2. Shop smarter.
Use cash or your debit card. That way, you can only spend what you have, so you’ll save money on finance charges and credit card fees.
Here’s a good tip for online shoppers: Don’t save your card information with websites. It’s too easy to click and buy without making sure you can pay for that new item. If you have to take the time to dig out your card to buy something from a website, you may think twice about spending that money!

3. Escrow your property taxes.
Instead of trying to save for your property taxes on your own and having the temptation to use those funds for other items, consider an escrow account.
Here's how it works: You make an automatic payment into the account monthly or with every paycheck. When tax time comes around, the bank will send the money in your account to your municipality. Since you were diligent about saving each month, you won't have to worry about having enough money when your property taxes are due.

4. Consolidate debt.
Is all that holiday spending finally catching up with you? The bank can help you consolidate your debt, and this should give you a better interest rate.

Bank of Luxemburg’s Chief Operating Officer, Rebecca Edler, shared her “quick fixes” to save money in a recent segment on FOX 11’s Living With Amy: