Monthly Archives: July 2013

Peaches

Summer treat from the farmers market

With summer in full swing, cooling off is always top of mind. There are many ways to beat the heat and stay cool with your family, including going to the pool, taking a mini-vacation to the beach or, our personal favorite, eating a delicious frozen dessert such as a popsicle or ice cream from a local restaurant or specialty shop.

Beat the heat this summer, support a local business and keep the family happy by making homemade popsicles with fresh fruit from your local farmers market. Instead of eating sugary treats with tons of unhealthy sugar and syrups, make your own which are healthier and more delicious.

To get you started, here is a simple and delicious recipe for fruit salad ice pops from Martha Stewart that will be an instant cure next time you’re hot and need a sweet fix.

  • 1 peach, cut into 1/2-inch slices (1/2 cup)
  • 2 kiwis, peeled and sliced into 1/4-inch rounds
  • 3 ounces blueberries (1/2 cup)
  • 4 ounces strawberries, hulled and halved (3/4 cup)
  • 1 1/2 to 2 cups 100 percent white-grape juice

Arrange some of each fruit in eight 3-ounce ice-pop molds, making sure pieces fit very snugly. Pour enough juice into each mold to just cover fruit. Insert ice-pop sticks and freeze until solid, 6 hours (or up to 2 weeks).

(Editor’s note: The hardest part of this recipe is waiting for them to freeze.)

What are some of your favorite treats to eat when you want to cool off? Tell us in the comments below.

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Starting your children on the right financial foot

Good financial responsibility can never start too early and while your kids are out of school for the summer, now is the perfect time to teach them about keeping track of their finances and the value of a dollar. With this early life lesson, your children can learn how to treat themselves to things they want by saving their money instead of relying on you or spending their money as soon as they get it. Here are a couple of thought starters to get your on your way.

  1. Have your children work to afford something they really want to buy. Give them chores to earn an allowance or have them start their own neighborhood business to make their own money. Each week, help them count up the money they made and put a little into either a piggy bank or somewhere safe from spending. At the end of each month, tally the weekly totals and walk through how much they’ve saved and how much they need to earn to reach their end goal.
  2. Teach your children the importance of budgeting and not overspending. When planning trips to the grocery store, have your children help write a list of things to get and set a budget for your trip. Get your children to keep track of your purchases and spending as you shop. This will help teach them the importance of not overspending and sticking to a budget. If they do a good job, and there is room left in your budget (wink, wink), reward them for their help by grabbing a treat on the way out.
  3. If your children don’t have one already, consider opening a simple savings account for their money. At Chesapeake Bank, our branches offer no fees or minimum balance requirements. This means your child can take the money they have saved up this summer and put it directly in their own checking or savings account to watch their finances grow.

Teaching your children the importance of saving, budgeting and purchasing items with their hard earned money is key to heading down the right financial path. By starting early, you will be setting the foundation of financial literacy to help them make smarter choices about money when they get older.

Alzheimer's Lightfood Branch for Blog

Walk to End Alzheimer’s

With more than five million Americans living with it, Alzheimer’s is the sixth leading cause of death in the United States and chances are, you are close to someone who is suffering from the disease.

 

This year, Chesapeake Bank has partnered with Williamsburg Landing to help them raise funds for their Walk to End Alzheimer’s team. During the entire month of July, four of our Williamsburg branches will be collecting funds: Lafayette, Five Forks, Lightfoot and Williamsburg Landing.

 

The Walk takes place in Williamsburg on Saturday, October 26, and many of our employees will participate.

 

To learn more about the Alzheimer’s epidemic and the impact it could have on the United States over the next couple of decades, take a look at this brief facts and figures video.

 

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Budgeting Tips, Tools and Other Resources

We all have our methods for keeping up with our finances: some people have a shoebox of receipts while others have intricate computer software. There is no right or wrong way to track your spending, but for those who are looking to revamp their financial organization, we have some tips and tools for you.

Dividing and Conquering

According to this CNN Budget Allocation tool, your personal budgets should be allocated like so: 30 percent – Housing & Debt, 25 percent – Taxes, 4 percent – Insurance, 15 percent – Savings & Investments and 26 percent – Living Expenses. Using this tool, or using computer software, create a pie chart breakdown and hang it in a place you can easily see it (like the refrigerator). This way, it’s front of mind.

Another way to keep your budget top of mind is with Cash Budgeting, or Binder/Envelope Budgeting. This is where you take your monthly allocations out in cash and place them in marked files, which allows you to physically see how much you have left to spend on any given budget line item.

While the system doesn’t work for debt payments and other vendors, seeing the cash come and go helps some people stay on track. To get started, a search on Pinterest will pull up tons of pins offering printouts and strategies for creating and maintaining a cash budget spending system.

Blocking and Tackling

Keeping up with your finances doesn’t just require proactive planning; it also requires reactive blocking and tackling in terms of identity theft and fraud. By law, you’re able to annually download one free copy of your credit report from each of the major credit bureaus (Experian, TransUnion and Equifax). To obtain a copy of your credit score, go to www.annualcreditreport.com and you can get your reports from all three bureaus at once.

It can be easy to forget about payments, especially if you have them on auto-withdrawal from your bank account, but keep an eye on these, too. Magazine subscriptions and other membership renewals may re-up automatically without notice, and on a month where your budget is tight, that kind of thing can put you over.

Evaluating and Revising

It may take a while to find a system or a method you like. If you find yourself deviating from a plan or resenting the process, stop what you’re doing and find a new plan. There’s a process for us all.

Chesapeake Bank has many resources and tools to help you stay in control of your financial situation, including a Financial Fitness Course. This module-based course is set up so you don’t have to complete all the sessions in one sitting.

Fireworks

Happy Fourth of July!

Our offices may be closed, but that doesn’t mean you won’t see us! Our Chesapeake Bank Bug will be in Irvington for its Fourth of July Parade. The parade will start at 10 a.m. along King Carter Drive.

Our Bug may not be in our other service areas, but our local staff will be out celebrating Independence Day with their family and friends at one of the many events throughout the area. Of course, Williamsburg has a full day of events planned, including a salute to the states, a reading of the Declaration of Independence, a Parade of Flags, and to top it all off, a fireworks display.

Gloucester County will be celebrating at Gloucester Point Beach Park with live music and a fireworks show in the evening.

Our branches will be re-open for business on Friday, July 5.