Make 2017 Your Year of Savings

dog money and piggy bankSaving money is a part of life that everyone must face. For some, the issue with saving money is that they simply do not have a large enough income. For others, it’s impulsive spending on items they do not need with money they could have saved. Saving money shouldn’t be a hassle, if you fit into either of these categories here are some tips on how to become a better saver this year!

Set up an automatic monthly transfer

What is more important than planning for your future? No matter how much money you’re making it is important to put money back in case of emergencies. The easiest way to do this is to have a set amount per paycheck automatically deposited into your savings account. With this in place you will never see the money leave your account and you can save without thinking twice about it. There’s no need to start out extreme, even $10 a month will add up before you know it.

The easiest way for Central National Bank customers to do this is to go into the Mobile App and the Transfers Screen. Set up a Transfer from your Checking to your Savings account and under Frequency select a recurring option, such as Monthly, Select an amount and a date for this transfer to occur. If you ever need to edit this amount or cancel a transfer, you can do that by clicking on Scheduled Transfers in the Transfer screen. As always, call us at 1-888-262-5456 with any questions you might have.

Create a budget and stick to it

Recording your purchases is the best way to find out what you may be spending too much money on. Once you have this information you can plan for next month’s expenses and try to find ways to spend less and save more. Make a list of short and long-term goals for yourself, and make them happen! The most important part is to make it realistic, you might have to cut out a few things but it’ll be worth it when you accomplish your goals. It pays to set your financial goals and if you need a plan we can help! Just visit to get started and you’ll be entered to win some awesome prizes.

Central National Bank has a new service within Online and Mobile Banking called MoneyCentral. This tool allows you to keep a closer eye on your budget. Set up a budget by clicking Budget and following the steps on the screen. MoneyCentral is free for account holders, all you have to do is log into your online banking and click on the tab to start using it.

Think before you buy

If you struggle with saving money because of impulse spending, waiting a day, or even a week, before making your purchases will make a huge difference in your bank account. Unless you’ve done research and know you’re getting a great deal on something you truly need, choosing to wait to make your purchase will save you from spending money on things you don’t really need.

Keep your change

Saving change may seem like a minimal way to reach your goals but a little bit of change every day can add up to a big reward. If you are someone who uses cash to make purchases, try filling up a jar with all your leftover change. Once it is full you can take it to your local branch and have it deposited into your savings account. If you prefer spending with a debit card, you can visit any Central National Bank location and sign up for the It Makes ₵ents! Program. Every time you swipe your Central National Bank debit card we’ll round your purchase up to the nearest dollar amount and put the difference into your savings account. Along with this, Central National Bank will match 5% of every penny saved!* Your savings will add up fast and you won’t even have to think about it. To sign up, call your local branch or email us using the secure form on our website.

Get everyone involved 

Whether it’s your best friend or your parents, one way to make sure you stay on track with your goals is to have someone to hold you accountable. Make sure they know you’re trying to save money and this will reduce the temptation to go out to eat or spend money on other unnecessary purchases. If they take the challenge with you, then even better! You can make a fun competition out of it which will provide even higher motivation to save.

New Year for a better you

The reality is that you should be saving money for your future- no matter the circumstances. Now that the New Year is upon us it is time you put these tips into action and by this time next year you’ll be thankful that you did!

*Maximum match amount of $50 per statement cycle. You must have at least two Central National Bank deposit accounts to be elligible for It Makes ¢ents!.

Look for these Types of Fraud: Before and After the Holidays- Part 3 of 3

High angle view of man holding smartphone with colorful application icons at home

Here are three additional types of fraud you should look out for during the holidays.

Watch for Fake Surveys

Emails promising some sort of money or gift card in exchange for completing a survey, can end up being a scam as well. Most of the time the surveys are very short and generic, but at the end they ask for some personal information. This is typically what the scammers are really after. By gathering this information, they can use it to further a more advanced phishing scam. Rule of thumb; don’t give out any personal information over the internet if you don’t know who is requesting it.

Craigslist fraud

On Craigslist, you can find just about anything. Pets, vehicles, bikes, and even wedding dresses are some of the popular items going around. Although this site can be beneficial for both buyer and seller, it is important to always use caution when posting or purchasing items on this website.

Luckily, recognizing a scam is not as hard as you might think. Scammers will often approach you with a vague initial inquiry about your item and when they show interest they’ll refuse to meet face-to-face. Simple things like misspelling and poor grammar are also tell-tale signs of a fraudster. Some scammers are going as far as sending out a genuine-looking check that is written for more than the asking price. The customer is then instructed to cash the check and send the rest of the money to a third party. Once the check fails to clear, the customer is then responsible for paying back those funds. Don’t allow yourself to become a victim; avoid putting any personal contact information directly on the ad, never wire funds, and under no circumstances should you ever give out your financial information.

Giving safely

In the spirit of the holiday season you may be feeling extra generous and want to donate some money to a good cause, while this is a wonderful thing to do it is important to make sure you know where you’re money is going. Unfortunately scammers are drawn to charities that most Americans resonate most powerfully with for example, charities that support families of public service men and children with cancer. When choosing a charity to donate to a little bit of research goes a long way.


Look for these Types of Fraud: Before and After the Holidays- Part 2 of 3

Holiday shopping using laptop computer, photographed against chrHere are three more types of fraud you should look out for during the holidays.

Online banking fraud

Online banking fraud continues to rise each year as the use of technology becomes more prevalent. The most common scam fraudsters are using right now begins with them asking for your login information while applying for a loan online. Once you have given out those credentials the scammer will have access to all sorts of personal information along with the funds in your accounts. It is important to remember that no legitimate lender will ask you for that information and there is no reason to ever share your online banking credentials.

Look Out for Fake Purchase Invoices

With holiday shopping in full swing, it is likely that you’re getting multiple emails a day from stores offering discounts on their products. Although this can be a useful way to save money, make sure that the emails you’re clicking on are from merchants that you are familiar with. One type of email fraud scammers are using is fake purchase receipts. An unexpected receipt from Amazon or Walmart during the holidays may not raise a red flag, shoppers may be more likely to take the bait and click on a malicious link. If you happen to get an email with a purchase receipt that you do not remember making it is best to delete the email right away.

Shipping Status Malware Messages

With almost half of holiday shopping being completed online, many consumers will be expecting multiple deliveries to their home. As with fake email receipt messages, fake shipping notifications also increase each year around the holidays. If you just placed an order that shipped via UPS, and then you get a zipped document with vague wording about your recent order being delayed, you may be more likely to click it. Make sure that you’re reading emails thoroughly and can verify that it came from a trusted source before clicking on any links. If you still feel uneasy about the situation, you should call the merchant directly and discuss the status of your package with them.

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Look for these Types of Fraud: Before and After the Holidays- Part 1 of 3

Christmas online shopping. Laptop with copy space on screen lay on white wood, present boxes and christmas tree on background. Internet commerce on winter holidays concept

You should always be on the lookout for scams; but due to the influx in shopping and distractions in December, scammers are more likely to try and gain access to your money and personal information making it even more important to be vigilant in the upcoming weeks.

Here are three holiday threats that you should watch out for as well as helpful hints on how to avoid becoming a victim:

Keep an Eye on Your Accounts

Whether you buy everything that catches your eye, or plan out every purchase individually, it is important for you to keep an eye on your accounts during the holiday season. It only takes one store compromise to give criminals access to the funds in your bank account. Utilizing alerts in online banking or your CNB mobile app are two easy ways to give you peace of mind and assure that the only purchases coming through your account are ones that you have authorized.

Traveling Safely this Holiday Season

With more than ninety million Americans traveling this holiday season, and the cost of travel on the rise, it is easy for passengers to become targets of scammers offering cheap options that are hard to pass up, but ultimately too good to be true. For example, if you’re trying to book a trip online and they won’t accept a credit card for payment be cautious. If they insist on a wire transfer, don’t do it! It’s most definitely a scam. Phony distress emails, free vacations, and travel clubs are all ways that scammers will attempt to target you. Don’t fall victim to these tricks and always do your research before making any purchasing decisions.

Here at Central National Bank we try to keep you protected, and the best way for us to do that is if you inform us at your local branch in advance of your trip. This is important especially when you plan on traveling out of the state or country. This is the easiest way to avoid problems with your debit card. If we know you aren’t traveling, then we can shut down fraudulent point of sale transactions much faster.

Be Cautious of Email Deals

Not all emails and sales are going to be legitimate this shopping season. If it sounds too good to be true then it probably is! Many emails and promotions from stores you already shop at are legitimate, but it is important to exercise caution when receiving deals or product promotions from stores or sellers you have never purchased from. Scammers will be trying to take advantage of everyone so make sure to do a little research before making purchases from companies you have never worked with before.

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