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Small Business Saturday is an annual tradition that occurs the Saturday after Thanksgiving. Locals are encouraged to “shop small” and show support to the diverse businesses in their community. The holiday was created by American Express in 2010 and has seen rapid growth every year since.
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We hope you all enjoy good company, a great feast, and make the best memories today! Perhaps the best thing about Thanksgiving is the chance to show your gratitude to those who mean the most to you.
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For many of us, Thanksgiving offers no gifts or events, less hustle and bustle, and lots of time together with our loved ones, delicious food, and grateful hearts. With this downtime typically comes every family’s unique traditions. We’ve asked our employees here at Teslar to share some of their favorite Thanksgiving traditions they look forward to each year and now we’re sharing them with you! With their help, we’ve compiled a list of fun Thanksgiving traditions you can adopt in your own family.
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What a wonderful time of year. This week families and friends will gather together to celebrate and give thanks for all of the amazing things life has to offer. Thanksgiving is one of the few holidays that does not typically offer gift-giving, just simply centers around connecting with loved ones.
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Financial well-being defines all the intricacies of your money management. It goes beyond your income and credit score. It’s about your relationship with money—how you behave with money and how you spend money. Regardless of how large your income, if you are spending everything you make you are not getting wealthier, just living a higher lifestyle.
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Community banks today are finding themselves under mounting pressure. The battle for deposits is more critical than ever before, new entrants to the space are creating unprecedented competition, customer expectations continue to climb and technology is evolving at a rapid rate. Not to mention, these institutions are expected to effectively manage and maintain regulatory requirements, security protocols and growing their portfolios – all within set budgets.
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Policies are in the works to improve the struggles of minority deposit institutions (MDIs). Jill Sung, president and CEO of Abacus Federal Savings Bank in New York City and chair of ICBA’s Minority Bank Advisory Council and Consumer Financial Services Committee, has recently testified before congress on behalf of the ICBA regarding the impact MDI’s make in underserved communities.
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Everyone’s financial situation is unique. We typically think of finances as credit scores, income, and net worth. However, analyzing financial well-being looks deeper by examining our relationship with money. The Consumer Financial Protection Bureau (CFPB) defines financial well-being as “the state wherein an individual has a sense of control over day-to-day and month-to-month finances, capacity to absorb financial shock, being on track to meet financial goals, and the ability to make financial choices to enjoy life.”1
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Springdale, Arkansas (home to Teslar’s headquarters) has received an exciting new, albeit temporary, addition to the community—an Innovation Hub. The hub is a pop-up makerspace that offers opportunities for adults and children of the community to attend free classes and workshops that offer tools and training to spark innovation and creativity and improve future careers.
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Let’s face it, we are fully immersed in a digital world and banks are finding a decline in traditional banking. Statistics show a 41% decline in teller transactions since 1992, further revealing the need to provide an engaging mobile banking experience.