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It’s easy to fall into financial routines, from contributing to your retirement plan each paycheck to paying for a monthly streaming service. But not all habits are created equal. While some help build a secure future, others can quietly undermine your long-term goals. The good news is that recognizing these patterns is the first step…
The realization that you’ve been scammed can be unsettling. Whether it’s a fraudulent charge on your account, a deceptive email caused you to share your personal data, or a sophisticated scheme targeting your business accounts, navigating the next steps can feel overwhelming. Scammers are skilled at creating a sense of urgency to prevent you from…
While the first quarter of 2026 saw major headlines focused on geopolitical tensions and market volatility, understanding how that directly impacts you as a small business owner can be confusing. Behind the headlines, the underlying data suggests we’re entering a period of normalization rather than decline, where growth continues, but at a more measured pace….
The change in weather offers an opportunity to not only declutter your physical environment, but also your finances. Just like going through a closet full of old clothes, financial cleaning serves as an opportunity to organize your accounts, reassess your goals, and remove what’s no longer meant for this season of life. In the long…
Between running daily operations, managing cash flow, and planning for growth, it is easy to push retirement planning down the priority list. Yet the decisions you make today about retirement benefits affect more than your future—they influence employee confidence, retention, and long-term business stability. Research consistently shows that employees who have access to retirement plans…
Relational banking is at the core of the face-to-face experience for Clients who come into a WSFS banking office, and for the Associates who are on the other side of the desk it’s a driving force to kickstart a career. When Johnny Guzman began as a personal banker in 2015, his goal was clear: join…
For any business, no matter the size, cash flow is the lifeblood of operations. While profitability is a key indicator of success, it doesn’t tell the full story. The gap between reported profit and available cash often determines if a business can meet its short-term obligations, reinvest in new opportunities, and withstand economic shifts. To…
The thrill of securing tickets to a sold-out concert or championship game can quickly turn to disappointment when you realize those tickets are fraudulent. A government report shows that fraudsters are becoming more sophisticated, creating convincing counterfeit tickets and deceptive websites to trick even the most careful buyers. On top of the disappointment, financial losses…
Navigating a tax bill can be stressful but falling victim to a scammer while you’re trying to resolve it is even worse. Fraudsters can target individuals with outstanding tax debts, using the situation to steal money and personal information. The IRS offers several legitimate options to help you manage your tax payments, from payment plans…
Your credit score can open doors, or close them, playing a significant role in some of life’s biggest moments, especially buying a home. Your score reflects how you manage debt over time and is viewed as a measure of financial reliability. A higher score often translates to better rates for credit cards, mortgages, and loans,…
As the spring homebuying season approaches, activity across the housing market typically begins to accelerate. More homes come on the market, more buyers reenter the search, and competition often increases alongside inventory. For buyers, spring can bring opportunity, but it also tends to reward those who are prepared well before listings peak. While seasonal patterns…
Many times, the word “mentorship” is reduced to a casual coffee chat or sporadic advice from someone more senior. But true professional development, the kind that fundamentally alters the trajectory of a career and the culture of an organization, requires structure, vulnerability, and, most importantly, time. It’s a balance that WSFS Bank’s Dr. Michelle Burroughs,…
With tax season underway, many business owners are gathering documents, reviewing financial records, and working toward filing their returns. While these tasks are essential, tax season should serve a broader purpose than simply checking a box. When approached thoughtfully, it becomes an opportunity to step back, assess your business’s financial position, and plan more intentionally…
Reflecting on your financial goals often leads to considering one of life’s most significant assets: your home. Whether you are a first-time buyer entering the market, a current homeowner planning a move, or looking to optimize your property’s value, understanding the lending landscape is the first step toward making an informed decision. While market conditions…
Welcoming a new baby is one of life’s most exciting milestones. It’s a time filled with joy and anticipation, but it also brings significant change, including financial adjustments. While it’s natural to feel a mix of emotions, a little planning can help ease financial worries and provide peace of mind. By getting organized ahead of…
As you collect your W-2 forms, 1099 forms, and other tax documents, the last thing you want to worry about is being scammed. The losses can be steep with one survey finding 10% of tax scams costs people more than $10,000. Filing taxes can be a confusing process, which is why many turn to a…
The path to becoming a business owner is rarely a straight line and for Dr. Tricia Beatty, co-founder of Beatty Harris Sports Medicine, it wasn’t on her radar. As a board-certified sports medicine physician, her focus was solely on her patients’ medical care until she was furloughed during the pandemic. “I started seeing patients on…
Each April marks Financial Literacy Month in the United States and serves as an opportune time to refocus your finances and sharpen your financial acumen. Thirty eight percent of respondents in a recent WSFS Bank Money Trends study are spending more money now compared to the prior year, while only 21% in the region are…
When Lex Wainwright began his career, he didn’t see his journey leading him toward banking. After obtaining his B.S. in interior design with a minor in art history from The Art Institutes, Wainwright was working with an architect prior to joining one of Philadelphia’s most exclusive firms as an interior designer. “I eventually decided that it…
Small business loans can be instrumental in achieving your business goals. For new entrepreneurs, a loan can help cover essential startup costs like equipment, inventory, and working capital to get your business off the ground. For established owners, it can provide the capital needed to purchase real estate, open new locations, or expand into new…
This time of year is perfect for a fresh start and building new habits. While many focus on organizing their homes or setting financial goals, it’s also a good time to address your digital footprint. Every online action, from social media posts to online shopping, leaves a trail of data. Over time, this digital “clutter”…
The holidays are a time of generosity and joy, but once the decorations are packed away, the arrival of credit card statements and Buy Now, Pay Later (BNPL) alerts can bring a different kind of feeling. The rise of convenient online shopping options and BNPL services makes it easier than ever to overspend. While these…
Taking inventory of your business’ financial health is important throughout the year. But as we usher in a new year, this season offers both a time of reflection and forward thinking for future success. A comprehensive financial picture is especially important given recent changes to the tax code. Key Areas for Your Financial Checkup A…
If managing your finances is at the top of your list for 2026, you’re not alone. Some of the most common include saving more, spending less, and doing more with what you have. The beginning of the year offers a great opportunity to reevaluate where your money goes and what you want to achieve with…
As Millennials and Generation Z become a larger share of the nation’s workforce and future homebuyers, their preferences and financial realities are reshaping the mortgage landscape. These generations continue to view homeownership as an important long-term goal, yet they are navigating a very different housing market than buyers from previous generations. Economic constraints, evolving lifestyle…
As you begin to plan your budget for the new year, it’s important to stay alert for scammers and avoid costly oversight. In 2024 alone, the FBI reported that people lost more than $16 billion to internet scams. Each year as scammers continue to evolve their tactics by using new technologies to make their schemes…
Becoming a homeowner is a major milestone—one that often brings pride and excitement, but also a long list of new responsibilities. After helping many first-time buyers reach this milestone, we’ve also seen the questions that come later, once the dust settles, and the reality of year-two expenses comes into focus. Even the most diligent budgeters…
If you are planning to move within the next year, it’s never too early to unpack your financial picture. Whether you are staying in town or moving across the country, costs can add up faster than you might expect. With rising prices on everything from transportation to supplies, having a clear financial strategy is essential…
Being a small businesses owner requires resiliency and adaptability to face challenges of all kinds. While optimism remains, many owners are still navigating the complexities seen in the headlines throughout 2025 including inflation, fluctuating consumer demand, and a tight labor market. These disruptions can feel overwhelming, but they also create opportunities for businesses that are…
The new year is a great time to reset and plan for the months ahead, especially when it comes to your finances. These financial goals aren’t just nice ideas. They provide direction and keep major money decisions on track. Whether prepping for a major purchase, revisiting retirement plans, or strengthening savings, the choices made today…
During a season when time is limited, the ease of online shopping adds allure. But convenience comes with a catch: scammers targeting your shopping session. These scams can take several forms, from phishing to fraudulent charities, and they’re often very convincing. In fact, more than one third of people, according to a PEW Research Center…
Tapping your card or clicking “Confirm Purchase” has never been easier, but those simple actions can come with hidden costs. The Federal Reserve’s Annual Diary of Consumer Payment Choice reveals credit and debit cards account for nearly two-thirds of all consumer payments. Yet behind every transaction are fees that can quietly inflate what you actually…
Tax season may seem far away, but the final quarter of the calendar year is an important time for businesses to begin preparing for April. While your final quarter may also be your busiest, you don’t have to do all of your tax planning at once. By taking a proactive approach by gathering the right…
Community is a constant thread in Kristina and Sean Malone’s life. As entrepreneurs, business owners, and founders of a nonprofit, a focus on serving the people around them has led to a thriving business in Kristina’s Kitchen and holiday magic with their nonprofit Santa’s Letters. Along the way, WSFS served as their banking backbone supporting…
As we enter the holiday shopping season, it’s important to support local businesses this Small Business Saturday and beyond. As a trusted advisor to businesses in the community for nearly 200 years, WSFS Associates understand the importance of entrepreneurs including businesses that have been around for years like the Conshy Girls Restaurant Group and new…
Growth meets curiosity: it’s a formula for success that’s led to countless impactful careers. For Bailey DeLellis, that combination, along with a strong connection to her community, has defined her time at WSFS Bank. DeLellis began her WSFS career as an intern in 2019, while studying finance and economics at King’s College. Over two years,…
The United States is saying farewell to a familiar piece of currency: the penny. The U.S. Mint has officially stopped producing the one-cent coin, a decision driven by simple economics. It costs more to produce a penny than it’s worth. According to the U.S. Mint’s 2024 annual report, each penny costs 3.7 cents to produce…
With holidays and Giving Tuesday around the corner, it’s the time of year when many people choose to give back to support the causes closest to then. Unfortunately, it’s also the time of year when scammers look to exploit your generosity, taking funds away from those in need to line up their own pockets. Avoiding…
With a surge in food insecurity, the WSFS CARES Foundation continued its mission to support our communities through a $50,000 donation to Philabundance as part of Preston & Steve’s Camp Out For Hunger on WMMR radio. Shari Kruzinski, Executive Vice President and Chief Consumer Banking Officer, Justin Dunn, Senior Vice President, Chief Community Impact Officer,…
As the year winds down, the housing market often follows a seasonal rhythm. After an active spring and summer, fall typically brings a slower pace—fewer listings, more time for consideration, and potential opportunities for buyers and homeowners planning their next financial move. Yet in recent years, this rhythm has softened as broader economic forces have…
From her first day as an intern to becoming a full-time Disputes Specialist, Sierra Graham has fully embraced the learning and growth opportunities at WSFS. Placed by Year Up United, a national workforce development program that provides young adults with hands-on training, mentorship, and corporate internships to bridge the opportunity gap and launch successful professional…
At times, the Holiday season can lead Consumers to consider alternatives for finding extra cash to help cover expenses. Be especially cautious of fraudsters as you apply for a new credit card, personal loan or line of credit as they could be posing as legitimate lenders. According to the U.S. Department of the Treasury’s 2024…
As you prepare your child for the future, it’s important to include their finances in the equation. Raising financially savvy children is an important part of the bigger picture, and one of the best ways you can set them up for success is by building their credit. While there is no one “right age” to…
While government shutdowns can present challenges for small businesses, history shows the economic impact is usually temporary, and businesses often bounce back quickly once normal operations resume. By staying informed and proactive, you can take meaningful steps to keep your business strong through periods of uncertainty. Shutdowns tend to disrupt federal services, pause new Small…
For Mohammad Abuasi, a passion for data and analytics—and the right opportunity through Year Up United—sparked a career at WSFS Bank as an Associate Business Analyst. As a Wilmington University student majoring in data analytics, Abuasi joined WSFS as a Business Analyst Intern at the start of 2025. He came through the Year Up United…
Every thriving business begins with a bold vision, a truth that the WSFS Business Banking team knows well, having helped hundreds of entrepreneurs bring their dreams to life. For co-founders Rico Macaraeg and Steven Schnelle, that vision centered on building a community around health and fitness. Their entrepreneurial vision led them into franchising with SWTHZ, a cold plunge and infrared sauna studio…
Buy Now, Pay Later (BNPL) services have transformed from a convenient shopping option into a mainstream payment method. According to a WSFS Money Trends Survey, 38% of adults in the Greater Philadelphia and Delaware region used BNPL in the past year. While these services offer an appealing alternative to credit cards, allowing shoppers to split…
Buying a home is a big milestone, but for those who have complex income streams, it can feel confusing. If you’re one of the many borrowers with variable income or multiple sources of income, follow these steps to keep the process clear and calm. Step 1: List your income sources Your first goal of the…
