Tag Archives: wedding

Couple working with lender

What Can You Use a Personal Loan For?

Are you in need of some extra cash to cover an unexpected expense or achieve a long-term goal? A personal loan can be a great option to consider. But what exactly can a personal loan be used for?

At Peoples Bank & Trust, we understand that life can be unpredictable, and sometimes you need a little financial boost to get back on track. That’s why we’re here to break down the various ways you can use a personal loan to improve your financial situation.

Debt Consolidation

If you’re struggling to manage multiple debts with high interest rates, a personal loan can help you consolidate them into one manageable payment. This can simplify your finances, reduce your debt burden, and even lower your overall interest rate.

Home Improvement

Whether you’re looking to renovate your kitchen, add a new bathroom, or simply give your home a fresh coat of paint, a personal loan can provide the funds you need to get started. Home improvements can increase your property value, enhance your living space, and even boost your energy efficiency.

Wedding or Special Occasion

Planning a wedding, anniversary party, or other special occasion can be expensive. A personal loan can help you cover the costs of venue rental, catering, decorations, and more, ensuring that your special day is truly unforgettable.

Medical Expenses

Unexpected medical bills can be a significant financial burden. A personal loan can help you cover the costs of surgery, hospital stays, prescription medication, or other medical expenses, giving you peace of mind and allowing you to focus on your recovery.

Vacation or Travel

Need a break from the daily grind? A personal loan can help you fund your dream vacation, whether it’s a relaxing beach getaway, a European adventure, or a family road trip.

Education or Training

Investing in your education or career development can have a significant impact on your future earning potential. A personal loan can help you cover the costs of tuition, certification programs, or vocational training, setting you up for long-term success.

Business Expenses

If you’re an entrepreneur or small business owner, a personal loan can provide the capital you need to grow your business. Use the funds to cover startup costs, inventory, marketing expenses, or other business-related expenditures.

Other Uses

Personal loans can also be used for:

  • Buying a new car or refinancing an existing auto loan
  • Covering funeral expenses or other unexpected costs
  • Consolidating credit card debt
  • Funding a home business or side hustle
  • Paying for a pet’s medical expenses

As you can see, personal loans can be used for a wide range of purposes. Whether you’re looking to consolidate debt, fund a home improvement project, or cover unexpected expenses, a personal loan can provide the financial flexibility you need.

Get Started Today with Peoples Bank and Trust

At Peoples Bank & Trust, we’re committed to helping you achieve your financial goals. Our personal loans offer competitive rates, flexible repayment terms, and a simple application process. Learn more about our consumer loans!

Don’t hesitate to reach out to our team if you have any questions or concerns about personal loans. We’re here to help you make informed financial decisions and achieve your goals!

Peoples Bank & Trust Co.
Member FDIC, Equal Housing Lender
NMLS #407724

Budgeting for Your Big Day

budgeting

After the question has been popped, answered, and celebrated, it’s time to get into planning mode! Coordinating everything from table seating, gift registries, food, and more – putting together an exciting wedding celebration is no easy task! See how to get the most out of your big day, with these helpful budgeting tips courtesy of Peoples Bank & Trust.

  1. Have the Money Talk with Your Family

One of the great parts about a wedding is the fact that it symbolizes two people, and two families, joining together. Like-minded, the budget is a joint effort as well. Sit down with your parents, spouse, and his/her parents to discuss what can be contributed by each. Once you have decided on a reasonable budget you can begin to look into venues and vendor options.

Be sure to also ask relatives with talents to help with various wedding activities. Whether it’s photography, floral arrangements, or simply singing during the ceremony, you’d be surprised how many talented family members are more than happy to help!

  1. Pick Three

The golden rule to budgeting the perfect wedding is to choose your top three priorities. Whether that’s the food, venue, photographer, or other wedding elements, choose which components you want to put the bulk of your budget in. After these top three it doesn’t mean you can’t spend money – it simply allows you the freedom to save money in the areas that aren’t the main focus.

For the average wedding the top three expenses are the venue, dining, and entertainment, followed closely by the photographer, floral arrangements, and wedding dress.

  1. Staying Under Budget

Like any good budget, staying on top of your numbers is a huge advantage! Be sure to keep all your receipts associated with the event to help track expenses and create a paper trail with your various vendors. Just like your personal finances, it’s a good idea to leave some cushion for the unexpected. Whatever your overall budget is for the event, be sure to leave 5% of it unused for various unplanned changes. This way if extra flowers or drinks are needed, the money is already set aside, headache free!

Setting the date is simply the start of your wedding planning adventure! If you need help structuring your big day’s budget, stop by Peoples Bank & Trust or give us a call at (636) 528-7001, we’d love to help make your wedding a success!

Peoples Bank & Trust Co.

NMLS# 407724

Equal Housing Lender

Member FDIC