5 Tips to Kick Those Bad Spending Habits This Fall

Tuesday, September 19 at 03:00 PM
Category: Personal Finance

 5 Tips to Kick Those Bad Spending Habits This Fall

As we head into the season of autumn-themed parties, tailgating, Halloween costumes, pumpkin-spiced drinks, and numerous other spending opportunities, it’s a good time to take a close look at your daily spending habits.

Do you have a handle on your spending or are there areas where you could improve? Do your spending habits prevent you from reaching your goals? Use the following five tips to help you rein in overspending so that you can get the most out of your hard-earned money.

1.       Set and Prioritize Your Goals

Think about what you and your family want to accomplish in the short and long term. Do you want to buy a new house or save for your child’s college education? Clearly identify your goals, prioritize them and come up with a plan of action. It’s important to understand that achieving your goals and your spending habits may not be aligned, so be prepared to make some small and big changes for your financial future! You can use these resources* to create a budget and start on your path forward.

2.       Don’t Shop Without a List

It’s best to be prepared before you hit the stores or shop online. Shopping for your tailgate or fall get-together can be disastrous to your budget if a list is not involved. It’s also good practice to take an inventory of the items that you already have on hand before your shopping trip. Lists will also keep you focused while you are walking the aisles.

3.       Avoid Your Spending Triggers

Are you more vulnerable to spend at certain stores or during specific times of the year? Keep track so that you can assess your spending triggers and make adjustments where needed. Consider avoiding your trigger retail stores and circumstances. If you find yourself in one of your trigger situations and you find an item you really want to buy, but it would blow your budget, give yourself 24 hours to think about it. That time may help you resist the urge to spend what you don’t have.

4.       Examine Your Wallet

Take a close look at how you make your purchases; it may help you discover where you could make adjustments to save money. When used correctly, credit cards are useful tools in helping you make large purchases and build a strong credit history, but all credit cards are not the same. Compare the costs and benefits of each of the credit cards in your wallet. Many credit cards have special offers or help you earn rewards points on flights, dining or cash back. For instance, Arvest offers Arvest Flex Rewards™ Credit Cards in Classic, Gold, and Platinum versions with varying features and rewards points potential to fit your lifestyle. From now until Dec. 31, new credit card customers can receive a $100 bonus. You can apply online.

5.       Don’t Lose the Small Pleasures

Understand that mastering your finances does not happen overnight. It can be difficult to stay on track with your finances if you have completely deprived yourself of all the small pleasures. It’s entirely possible that the $4 pumpkin-spiced latte purchase might keep you from making a bigger purchase that you would regret. It’s best to budget in some “fun spending” for your sanity and focus.

We hope these tips will help you turn over a new leaf in your path to financial success this fall!

The views of this article are for general information use only. Please contact and speak with a subject expert or your banker when specific advice is needed.

Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Financial Education
 

Arvest Bank in Benton County Announces Rewerts Hiring

Monday, September 18 at 06:00 PM
Category: Arvest Community News
Arvest Bank is pleased to announce Mike Rewerts has been hired in its Benton County market.
 
A veteran of the mortgage and banking industries since 1999, Rewerts will serve as loan assistant manager at Arvest. His primary duty will be the supervision of the mortgage loan assistants in Benton County. Rewerts will be based at the Arvest location at Village on the Creeks in Rogers.
 
“Mike’s mortgage experience in originating, construction lending, processing and management will be a fantastic addition to our team,” said Maria Lau, mortgage loan manager for Arvest Bank in Benton County. “I am confident he will be a tremendous asset for both the bank and our customers.”
 
Rewerts played baseball at both Northeastern Oklahoma A&M College and Casper (Wyo.) College, where he studied business management and business marketing, respectively. He lives in Springdale and has one daughter.
 
About Arvest Bank
Arvest Bank, named by Forbes magazine as one of “America’s Best Large Employers” for 2017, operates more than 250 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 16 locally managed banks, each with its own board and management team. These banks serve customers in more than 120 communities, with extended weekday banking hours at many locations. Arvest also provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest is an Equal Housing Lender and Member FDIC.
Tags: Associates, Northwest Arkansas, Rogers
 

McKinney Charitable Trust Awards More than $150,000

Monday, September 18 at 04:00 PM
Category: Arvest Community News
The Carl and Alleen McKinney Charitable Trust, which has been managed by Arvest Bank since 1997, awarded more than $150,000 to a total of 13 organizations, it was announced late last month.
The presentation of gifts, overseen by Arvest Trust client advisor Diana Smith, was made in the conference center of the bank’s downtown Bentonville branch. Carl McKinney was the owner-manager of Callison-McKinney Funeral home in Bentonville.
 
“While the McKinneys had no children of their own, they always had a soft spot for kids,” Smith said. “They also had soft spots for the elderly, poor and any others who were considered disadvantaged. Because of their generosity, each year we are able to distribute these funds to various organizations. Their gift is a remarkable one to so many who call Northwest Arkansas home.”
 
Since its inception 20 years ago, the McKinney’s trust has distributed more than $3 million to local charities. This year’s applicants sought a total of more than $225,000, and the trust was able to distribute a total of $159,355.
 
The beneficiaries are:
  • Arkansas Athletes Outreach
  • Boys and Girls Club of Benton County
  • Children’s Advocacy Center of Benton County
  • Circle Of Life Hospice
  • Helen Walton Children’s Enrichment Center
  • Horses for Healing
  • Lifeline of Northwest Arkansas
  • Open Avenues
  • Mercy Health Foundation
  • Northwest Arkansas Children’s Shelter
  • Samaritan House Community Center
  • Single Parent Scholarship Fund of Benton County
  • Soldier ON Service Dogs

 

Tags: Bentonville
 

Arvest Bank to host 3rd Annual Veteran’s Day Art Contest

Monday, September 18 at 02:00 PM
Category: Arvest Community News
LAWTON, Okla. (August 4, 2017) – Arvest Bank is pleased to announce the third edition of its Annual Veteran’s Day Art Contest in conjunction with The Armed Services YMCA. Every child in kindergarten through sixth grade will have the opportunity to draw a picture based on the theme “My Military Family.”
 
Nine children in three different age divisions will win Visa Gift Cards. The age divisions are Kindergarten – 1st grade, 2nd – 3rd grade and 4th – 6th grade. Winners in each division will receive $100 Visa Gift Cards, while runners-up will receive $50 gift cards and third-place finishers $25.
 
The winners will be announced during the second night of the annual Armed Services YMCA YFry on November 9 at Great Plains Coliseum. Attendees at that event can also vote on a new category: Best In Show, the winner of which will receive a $100 Visa Gift Card. All of the submitted artwork will be at the YFry for attendees to view.
 
Entries must be returned or postmarked by Friday, October 20. They may be sent to Arvest Bank, Attn: Angela Spradlin at 5201 SW Lee Blvd., Lawton, OK 73505. There is no cost to enter. Entries must be in color and on a white 6x8 sheet of paper to be judged. Oversized and three-dimensional entries will not be judged. 
 
All artwork submitted by a child of active duty or retired (20-plus years of service) members of Army, Marine Corps, Navy, Air Force, Coast Guard and National Guard/Reserves will be eligible to be entered into the Armed Services YMCA National art contest. Entrants do not need to be a member of military family to be awarded at the local level.
 
Children attending the YFry will also have the opportunity to create a brand new debit card for Arvest Bank. Entry forms and drawing utensils will be given out at the YFry, so children can create whatever they would like to see on a debit card. Arvest and The Armed Services YMCA will then pick a winner. The debit card will feature the artwork as well as The Armed Services YMCA logo. The winning card will then be available for customers to choose as their debit card.
 
Tags: Lawton, Oklahoma
 

ATMs temporarily unavailable during system update 2 a.m., Sept. 17

Friday, September 15 at 02:00 PM
Category: Arvest News

On Sunday, September 17, at approximately 2 a.m., the following services will be temporarily affected during a system update. The update will last approximately 2–2.5 hours.  

  • All Arvest ATMs will be unavailable.
  • Spending and Gift cards will not work.
  • Arvest Mobile Banking, online banking, and the the 24-hour Account Info Line will not be impacted by the update. 

We sincerely apologize for this inconvenience. Our hope is that the timing of this update, during low-volume hours, will have minimal impact on Arvest customers.

Tags: ATM, Debit Cards

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