The Summit Blog

Insights and tips to help you with your finances, plus information from The Summit’s community partners.

HSAs for Medical Expenses and Beyond

October 3, 2023

We all incur medical expenses. It’s a fact of life. It could be something as simple as bandages from a pharmacy, or something more complex like a surgery. Most of us pay for these costs through our medical insurance, or out of pocket. But a Health Savings Account (HSA) offers a way to save for these types of expenses and make purchases using a tax-free account.

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Starting from Scratch: How to Build Credit – Part 4

September 28, 2023

The final in a four-part series about how to build credit and best practices for healthy credit habits.

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Starting from Scratch: How to Build Credit – Part 3

September 21, 2023

The third in a four-part series about credit: what it is, why is it important, and how to build your credit.

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Starting from Scratch: How to Build Credit – Part 2

September 11, 2023

The second in a four-part series about credit: what it is, why is it important, and how to build your credit.

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Mortgage Scams and How to Spot Them

September 5, 2023

Imagine this: You’ve just received an unexpected letter that looks like it comes from your mortgage lender. But then look closer and realize that something isn’t adding up. According to the Better Business Bureau Scam Tracker, some letters are a crafty solicitation for an illegitimate home warranty service. Here’s how to spot the scam.

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Starting from Scratch: How to Build Credit – Part 1

August 30, 2023

The first in a four-part series about credit: what it is, why is it important, and how to build your credit.

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Student Loan Repayment, Simplified

August 14, 2023

After a historical hiatus throughout the pandemic, borrowers now face federal student loan repayment. Evaluating your full financial picture and making a repayment plan goes a long way towards reducing stress and uncertainty.

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How to Stay Safe Using Digital Payment Apps

July 26, 2023

There’s no doubt, the convenience of using cash apps to pay family and friends cannot be underestimated. According to a survey by SMS marketing platform, SimpleTexting, 6 in 10 people prefer to use apps, compared to 8% who like to pay in cash. As with any online account, it’s important to stay safe to avoid scams and minimize fees. Here are some tips:

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5 Tips to Jump-Start Your Savings Plan

July 14, 2023

It’s human nature. We’re all wired to meet our immediate wants, whether it’s indulging in a tempting bowl of ice cream, spending more time than we planned scrolling through social media, or treating ourselves to an impulse purchase.

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Reasons to Make a Budget

5 Reasons to Make a Budget

July 5, 2023

Making a budget is important for managing your finances in more ways than you might realize.

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Retirement Savings: All About IRAs

Protecting Your Loved Ones from Elder Fraud

June 13, 2023

Financial exploitation is a reality many seniors face, especially in the age of online scams. Here are actions you can take to help financially safeguard your loved ones. 

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Taste of Syracuse: Meet the 2023 Beneficiaries

May 25, 2023

.With average attendance of over 250,000 people, Taste of Syracuse is the biggest two-day event in Central New York and The Summit has been the title sponsor since 2017. Each year, two local charities are named to be the beneficiaries of the event.

This year’s event will raise funds for two Central New York organizations, each working to make a difference in the lives of area children: Sleep in Heavenly Peace, and PEACE Inc. Big Brothers Big Sisters of Onondaga County.

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