Recent Posts

How to Budget for Baby

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Having a baby is an exciting time in a family. It can also be a little overwhelming financially. The U.S. Department of Agriculture state that a kid will cost you $400,000 in his or her first 18 years, assuming an annual household income of $105,000 or more.   The keys to managing these new finances …

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The College Admission Journey

Each year, high school seniors graduate from high school and make a big step onto their new college campus. However, a lot of preparation is required to determine which college campus that will be. Belmont Savings own CEO Bob Mahoney sat down with Dr. Laurie Nash, a local Independent Educational Consultant, to discuss the journey …

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Be at home with a HELOC (Home Equity Line of Credit).

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Chances are, you’re sitting on cash. (No, we’re not talking about the loose change hiding under your sofa cushions.) It’s the equity in your home that you can access for important expenses through a Belmont Savings Bank Home Equity Line of Credit (HELOC). While no one would suggest you dig into these funds to pay …

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Apps that Make Saving Simple

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Everyone likes a good savings.  Whether you’re searching for best rates in the market or best deals in the store, most people are trying to save. But did you know about all the apps available to help you save? CNN’s Money Magazine* has pulled some of the best apps for shoppers looking for the best …

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A Valentines Day Treat: Cooking with the CEO

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Belmont Savings Bank CEO and President Bob Mahoney returned to Cooking with the CEO this February for a special Valentines Day treat! In front of the Belmont Savings Bank branch in the Waltham Shaw’s located at 1070 Lexington Street, Chef Bob put his baking skills treating grocery shoppers to Armenian Crescent Cookies. Interested in making …

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Cooking with the CEO

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Bob Mahoney, President and CEO of Belmont Savings Bank, traded his banking hat for a chef hat on Thursday, November 21, 2013 and cooked up a holiday dish next to the Belmont Savings branch in the Cambridge Star Market. Shoppers were able to get a sample of the Harvest Bisque as they watched Mahoney prepare …

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Saving for College

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As the cost of college continues to rise, many parents find themselves feeling anxious about how to save enough money to help their children through college. Some parents are looking to have enough put away to foot the entire bill, while others may be looking to be able to contribute a portion. Whatever the final …

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Allowance Options for your Children

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An allowance is a great way to teach kids personal financial responsibility. The lessons learned about saving and spending wisely are remembered for a lifetime – whether it’s during a first job or when making large purchases in the future, it is important to start early! Below are some thoughts on getting you started. Allowance …

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