Simply Smart Insights
Scroll down and stay awhile to explore the answers to your everyday financial, business and homeownership questions.
Jumpstart your New Year with 5 healthy financial habits
While you’re working on your New Year’s resolutions, don’t forget to freshen up your financial goals for 2021. To help you get started, we’ve pulled together key habits you can focus on for better financial wellness! Befriend your budget Whether it’s time to dust off...
2021 is a great year to get on board: Ideas for aspiring nonprofit board directors
If there was ever a time to take the leap and deepen your involvement with a community organization, this could be your year. Nonprofits have worked tirelessly to adapt to the rapidly changing realities of the pandemic—finding creative ways to deliver programs,...
Don’t slip up on these common cyber scams…
It can be all too easy to fall victim to fraudulent emails, texts, and phone calls from scammers pretending to be your bank. Especially at this time—when more and more people are using online banking to manage their daily finances—fraudsters are ramping up their...
First-Time Homebuyers: Don’t Be Spooked by These Sneaky Costs
Buying a home is an exciting life step and a huge investment—there’s no doubt about that. However, many first-time homebuyers aren’t aware of all the additional costs that are part of the home buying process (not to mention maintenance and improvement costs once the...
7 ways to prep your home this fall
With crisp air and falling leaves, it’s time to bring out the pumpkin spice candles, colorful mums, and festive wreaths to transform your home this fall. As you’re removing A/C units from your windows and raking up piles of leaves, there are a few more things we...
Top FAQs on Home Equity Lines of Credit
Homeowners consider applying for a Home Equity Line of Credit (HELOC) for a variety of reasons. Frequently, they are looking to make home improvements or fund a college education. Sometimes, they are looking to plan a dream vacation or have a safety net of funds on...
Resilient financial operations: Preparing for recovery
By Barbara Raths, CTP, Senior Vice President, Treasury Management Sales Advisor and International Treasury Specialist at Camden National Bank. According to the Center for Disease Control (CDC), communities progress through three stages in a pandemic risk assessment:...
Strategies for optimizing your hotel’s financial performance in challenging times
Without question, 2020 will go down as one of the most challenging years for the hospitality sector. According to Smith Travel Research (STR), hotels in Maine were down 34% in occupancy, 11.5% in average daily rate, and 41.6% in Revenues Per Available Room (RevPAR)...
Five fixed income ideas for your portfolio in a low rate environment
In this historically low interest rate environment, many Municipalities, Corporations and Non-Profits are facing the challenge of how and where to find yield. Understandably, your business may be looking for alternative strategies to capture returns. Our investment...
