TOGETHER WE WIN®
Banc of California and Pacific Western Bank have merged.
Please continue to access your accounts through your respective online banking portal at pacwest.com or
bancofcal.com, or your respective Pacific Western Bank or Banc of California branch until our two banking
systems are integrated, which is currently expected in the first half of 2024.
Please call Banc of California Client Support with any questions at 877-770-BANC (2262).
FINANCIAL LITERACY LEARNING CENTER
PERSONAL MONEY MANAGEMENT
SPENDING AND BUDGETING
BUDGETS HELP US KEEP TRACK OF OUR CASH FLOW TO AVOID OVERSPENDING
BUDGET BREAKDOWN
Budgets are prepared by tracking your daily spending and determining your income and expenses. Components of a budget include income (employment, allowances, etc.) and expenses (bills, food, transportation, etc.), which determine your overall cash flow, or movement of cash in and cash out. Expenses can be fixed (stay the same) or flexible (change from month to month).
WAYS TO SPEND LESS AND REDUCE YOUR SPENDING
If your expenses exceed your income, there are some simple tips you can follow to reduce your spending. Avoid impulse buying and use a list when you shop. Determine your needs versus your wants—buy only what you need, not because it’s on sale. Always pay your bills on time to avoid late fees. Carry only small amounts of cash on you and try not to use your credit card; if you must, control your use. Lastly, always keep your goals in mind.