Our Life in Color Blog

5 Tips for Reducing College Costs

Nine in ten parents believe that college is a worthwhile investment. While this statistic from Sallie Mae’s How America Saves for College 2015 report shows that the value placed on higher education is nearly universal, a staggering 84% of parents are also willing to stretch themselves financially in order to make college possible for their children. “Better… Read more »

Going on a Trip? Follow Some Simple Safety Tips Before You Leave

Whether you are traveling for business or pleasure, there are many things you can do to make your travel experience more enjoyable. Preparation is the key to enjoying your time away from home, no matter what the circumstances may be. Before you leave, ask a neighbor or friend to collect your mail and newspapers. Also,… Read more »

6 Financial Traps New College Graduates Should Avoid

As college students across the nation graduate and start their careers, financial responsibility should be a top priority. College graduates can make their future even brighter with an early focus on sound financial planning. Establishing a solid financial foundation now will go a long way toward a prosperous future. New college graduates should avoid the… Read more »

Buying Your First Home: What to Expect

Buying your first home is a daunting task. Committing all or most of your life savings, and signing up for a mortgage might be the largest and longest financial obligation you’ll ever have and that is intimidating. However, if you know what to look for and what to avoid, you can bring a level of… Read more »

Spotlight on Portland Yacht Services

Phin Sprague, president of Portland Yacht Services, has been a commercial client of Norway Savings Bank for 15 years. Portland Yacht Services performs a variety of services on boats, both small and large. It is a diverse business that employs technicians with high levels of expertise. In early 2013, Phin sold his property at 58… Read more »

Your Budget, Your Way

Budgeting can either make or break your financial stability. Financial mistakes occur from time-to-time, so it is important to know how to reduce your chances of making them and having a solid budget will help you maintain your financial freedom. Let’s take a look at five critical tips to follow to stay on the right… Read more »

NSB Employees Help to Create Bright Futures

Bright Future is a group of young men and women that are new arrivals to the United States and are learning about American society through work, volunteerism, government, sports and social interaction. The program is run by Glenn Nerbak of the Portland Mentoring Alliance and Antoni Bazia and Ann Smith of Project Bazia. Claire and… Read more »

Seven Tips to Frustrate a Fraudster During Tax Season

NORWAY, ME– The weeks leading up to April 15th– tax deadline day – are often vulnerable ones for consumers, as W-2s and tax returns containing their personal information circulate over the internet and through the mail. According to a Javelin Strategy and Research study, 12.7 million Americans were victims of identity fraud in 2014. Though… Read more »

Norway Savings Gives Back

Over the course of a year, we receive thousands of requests for donations and sponsorships. We try very hard to maximize our budget so that we reach as many communities and programs as possible. Our goal is to provide resources that support projects and organizations that provide long-term benefits to our communities. In 2014, we… Read more »

Managing Your Credit Reputation

What is your credit reputation? Your credit report and credit score together make up your credit reputation. As soon as you get a credit card, a phone, or even sign up for utilities, you start building what we call a “credit history,” which includes all your status across accounts, total debts, and your payment history. It also… Read more »