Getting Started

Put Your Financial Future on the Right Track

Laying the right foundation as you start your career is the key to future financial success, and at this lifestage, TIME is your greatest asset.  Consider that each dollar you save in your 20s can be worth ten times as much as one saved in your 40s.  Through the magical power of compounding, the beginning of your working life is the prime time to start saving towards retirement—even though many people don’t want to think about, or worse yet, act on this principle.

During this time, young adults have the exciting task of learning how to manage the spending and saving of their money within the constraints of their income.  

How do I put my financial future on track? 

Identify Your Goals and Budget Your Money

As you enter the workforce, now is the time to identify your short, medium, and long-term goals. Your short term goals of less than five years might encompass a wedding, honeymoon, furniture or a new car.  Medium term goals could include the purchase of a home and financing your future children’s college education, followed by long-term retirement goals.  These goals will help you determine how to spend and save your money.

Once you have your goals in place, determine a budget that helps you achieve each goal and stick to it. At FCNB, we offer helpful tools to manage your money, such as Online Banking and Mobile Banking. Get started today for free!

FCNB offers exciting checking accounts that can help you earn more rewards. Choose the checking account the is right for you. Our Real Life Checking offers you high interest on your accounts. Find out more today and get started on your path to financial success!

Build Your Assets

It may be wise to invest in CDs or money market funds for your short term goals and the stock market for your longer term goals. Historically, the stock market has outperformed other types of investments over comparable time periods, but it is not for the faint of heart. You may also want to join a 401K plan if available from your employer or open up an IRA account.

First Community National Bank can help compound your savings with an account that's right for you:

  • First Savers CD - Did you know Certificates of Deposit (CDs) can be purchased for as little as $500.00? We offer CDs to individuals who wish to safely invest their money for a given period of time. Our interest rates are very competitive and are determined by the dollar amount you're investing and the length of time you plan to invest your money. CDs are available for different periods of time ranging from 30 days to 5 years. Penalties apply for early withdrawal of funds. Rate changes are made on Tuesdays. 
  • Money Market - Earn a higher yield of interest with this investment account. This account offers a higher rate than our regular savings account with quick access to your funds when you need it.
  • Money Market IRA - Whether or not you are covered by pension plan at work; an Individual Retirement Account is a smart way to invest in your future. Compliment your checking and savings with an IRA account today. Contributions to most of our IRAs are tax-deferred. See your tax planner for your specific benefits.   
  • Investing through FCNB Financial - At FCNB Financial, we can help you achieve your savings goals through a variety of investment options. Contact one of our Wealth Managers for a free no-obligation consulation to start planning your financial future.

Establish an Emergency Fund

A good guide is to save three to six months worth of living expenses to cover rent or house payments, utilities, car payments, food, transportation and insurance into a separate bank account that could be easily accessed in the case of job loss or uncovered medical expenses. Don’t use the money for anything else. That way, you have a back-up plan for that emergency.

Real Life Savings Account

Conserve time, money and paper with Electronic Banking

With FCNB's electronic banking features, you'll reduce the time it takes to manage your accounts, pay your bills and budget your expenses. Plus, you can go green with e-Statements and save the expense of printed statements while helping the environment. We offer an abundance of products to help you bank on the go!

Borrow Wisely

Avoid high-interest credit cards and pay off your credit card debit monthly. Work with First Community National Bank for your major lending needs including personal and vehicle loans, home mortgages and home equity lines of credit.  

  • Home Mortgages - FCNB Mortgage offers fixed-rate home loans. With a variety of terms, payments and options, you can find the perfect loan for your family. 
  • Personal Loans - FCNB makes it easy to purchase an auto or a recreational vechile. With competitive rates and terms, we can lend you the money you need. Contact us today.

Understand Your Credit Report

Your financial behavior over the past seven years, including how much credit you have, how long you have had it and whether you pay your bills on time is information included in your credit report. Three credit reporting agencies - Equifax, Trans Union and Experian - maintain these reports, and lenders buy them to help them decide whether to offer you a prequalification.  Your credit report also carries your credit score ranked between 360 and 840 that many lenders use to decide whether you are creditworthy and will repay a loan.  Your credit score can also influence the interest rate you pay.  In many cases, the higher your score, the lower your interest rate.  

Sign up for the Real Extras plan and receive 24-hour Credit File Monitoring through Equifax. Plus, you can pull your credit report anytime at no additional cost. Sign up today!


  • Pay off your credit card debt.  It is senseless to pay 13-20 percent interest on credit card payments while your savings accounts earn one or two percent.
  • If you cannot pay off your credit card debt, pay more than the minimum payment each month which in some cases will only cover the interest charges.
  • Don't worry too much about paying off student loans early.  These normally have a much lower interest rate than credit cards.  By making low payments on student loans, you?ll have more money to reduce high-interest credit card debt.

For help determining the best accounts and products for sound and productive money management during your specific Lifestage, please contact us or a friendly personal banker at any of our locations.