Victory State Bank: Make Saving Money Your First Habit


STATEN ISLAND, N.Y. – While everyone understands the importance of saving money, Victory State Bank is reminding you to start collecting your spare cash today.


Whether your stash is for an emergency fund, your retirement or to buy something special, you will determine what to do with your money and where it will go.


The Federal Trade Commission created an easy “To Do” checklist to learn how to manage your savings:

 

  • Consider yourself a creditor. When you write your check, write a check to yourself. Decide on a realistic amount. Deposit the money into a savings, investment or retirement account.
  • If you need some fast cash, consider selling items around the house you no longer use, either online, at a garage sale, or at a local consignment shop. When you sell online you may use an auction or classified ad site.
  • Avoid payday lenders. A payday loan is a cash advance secured by a personal check or paid by electronic transfer. It is very expensive credit.
Spending money could be your habit, but Victory state Bank shares these tips to make saving part of your life style.


About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.


Media Contact: Barton Horowitz
Relevant Public Relations, LLC
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