Bay State Bank’s Lauren Piehl Breaks Down “Hidden Financial Decisions” and the Cost of Procrastination
By-Hank Stolz
Photo-iStock
Worcester, MA-This month Lauren Piehl from Bay State Bank talks about “hidden financial decisions” with a focus on procrastination and cost avoidance. She explained that delaying financial tasks, such as paying an unfamiliar bill, often results in greater expenses like late fees. Avoiding or procrastinating on money decisions, a concept termed “cost avoidance,” is often more expensive than making a wrong decision due to penalties like late fees.
Bay State Bank Warns of Increased Financial Scams During the Holiday Season
Lauren Piehl, Financial Empowerment Officer at Bay State Bank, warns consumers about increased holiday scams and explains how to avoid phishing, fake delivery texts, and financial fraud.
Holiday Spending Tips: Lauren Piehl Shares Budgeting and Scam-Proofing Advice
Bay State Savings Bank’s Lauren Piehl reminds holiday shoppers that smart budgeting, emotional discipline, and scam awareness are the keys to avoiding January debt and staying financially empowered.
Bay State Bank-Use Banking Tools to Stay in Control
Bay State Bank’s Lauren Piehl joined Talk of the Commonwealth to explain how modern banking tools empower customers to take control of their finances. From customizing your account to fit your needs to using digital alerts and automatic transfers, Piehl emphasized that small, consistent habits build long-term financial stability — especially when paired with a trusted community banker.
Baystate Bank’s Lauren Piehl: Tackle High-Interest Debt Before the Holidays
Baystate Bank’s Lauren Piehl urged consumers to take control of high-interest debt before the holiday season adds to the burden. She outlined the “debt snowball” strategy of paying off the highest-interest balances first, the importance of budgeting, and how 0% balance transfer offers—like Baystate Bank’s 21-month interest-free option—can save thousands in interest. Piehl noted that paying only the minimum stretches repayment over years and costs significantly more, but proactive steps now can reduce stress and financial strain later.
Summer Financial Tips from Bay State Bank’s Lauren Piehl
Summer Financial Tips from Bay State Bank’s Lauren Piehl: Budgeting, Travel Planning, and Scam Protection
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