This season of life is the best time to practice good money-management habits. Adults you see around you that “have it made” accomplished their goals through careful financial planning they started at your age. If that seems overwhelming, we can help you start off on the right foot.
  1. Become a saver.

    Saving money during this season of life is an excellent habit that will train you to be a good money manager years into the future. Set goals for your money and start saving now. Farmers Bank & Trust offers accounts to help you save:

    *If you are 18 or older, we can help you open your own savings account, either at the bank or online.

  2. Start a checking account.

    Maintaining a checking account gives you the opportunity to learn how to handle cash responsibly, make smart financial decisions and keep track of your spending habits. Establishing smart money management practices now will help you be successful in the future.

    Farmers Checking– Our no-fee checking account ($4 with paper statements) helps you manage your cash flow with no service charge and no minimum balance.

    *At 18, you can open your own checking account either at the bank or online. For students younger than 18, we offer a checking account that you can open with the co-signature of a parent, which is available at any of our bank locations.

  3. Plan for college.

    It’s never too early to start planning for college; your parents may have even established a savings account when you were little to help with college expenses. Identify your financial resources to help you determine how you will pay for college, whether it is through savings, scholarships, grants, loans or the income you’ll acquire as you work while in school.

    These tools will help you, along with your parents, create a plan of how to fund your college education:

    Student Loan Calculator
    College Savings Calculator

    Once you are ready to apply for college, it is important to become familiar with the most recent Federal Financial Aid for Higher Education (FAFSA) guidelines and deadlines. Also, applications for federal student aid may be available through your high school counselor, local public library or college financial aid office.