finance

On July 15, Eastern Bankshares, Inc., the stock holding company for Eastern Bank, announced its merger with Cambridge Bancorp, the parent company of Cambridge Trust.

Establishing credit is one of the most important keys to achieving financial health and creating generational wealth. 

Financial health is an important foundation that helps build strong and resilient households, communities and economies. Being financially healthy better prepares you for life’s unexpected expenses.

Americans spend more than $1,450 each year on holiday-related purchases — from gifts and travel to decorations and entertainment. These costs layered into your monthly expenses can significantly strain your budget.

For decades, most people followed a simple formula when they were ready to purchase a new vehicle. Visit a dealership in person, negotiate a price, complete the purchase and drive the car off the lot.

Summer is here, bringing all the fun that comes with months of warm weather and hours of daylight. As you plan your summer season itinerary, however, you might discover you’re juggling more expenses than just a trip to the beach.

Interest rates have a bigger impact on your wallet than you may realize. With rates forecasted to continue rising in 2023, you can expect to pay more on things like credit card debt, mortgages, car loans, and other everyday purchases.

If you’re planning to get down on one knee, pop the question or make your relationship official in some other way, use this time to begin thinking about your finances.

While you may already be cutting back on spending due to rising costs and an uncertain economic environment, it’s important to evaluate your financial situation and consider implementing these lifestyle changes to help reduce inflation-related stress.

If you are ready to dive into small business ownership, having a plan, understanding your credit health, and building a strong foundation can set you up for success — and help you sustain and grow what you are working to build today.

Your credit score is a number that tells a story of who you are as a customer. The good news is that understanding how it works and monitoring it can help you take control of the story over time.

Getting your first paycheck is an exciting experience and an opportunity to kickstart your financial journey. Mapping out your short and long-term financial goals early on will allow you to build a strong foundation for your future.