Can You Save on Your Tax Bill with the Purchase of an EV?

June 24, 2024 by First Federal Bank

Sales of electric vehicles continue to rise in 2024. There are many reasons to consider buying one. Did you know you could save on your taxes if you do so? In May, the Internal Revenue Service (IRS) released its final rules for the federal tax credit program. helps break down what it could mean for your pocketbook:

Topics: Financial Education

Worried About Mortgage Rates? Focus on What You Can Control

June 21, 2024 by First Federal Bank

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

Topics: Mortgages / Home Equity

Yes, You Should Continuing Investing After You Retire

June 19, 2024 by First Federal Bank

When we think about investing, the focus is normally on saving money for retirement. Many consider it to be too risky once you have reached that milestone, and instead plan to hold on to their money and draw from their accounts as needed. Rob Berger of Forbes magazine explains why it is important, and beneficial, to continue investing after you...

Topics: Retirement, Financial Education

Tips on Raising Resilient Kids

June 17, 2024 by First Federal Bank

You know from experience life can be challenging. As a parent, how do you help prepare you children for the ups and downs they will face? How can you give them the skills they will need to navigate challenges in their own lives? asked child development experts for tips on raising resilient kids. Here’s what they had to say:

Topics: Family

Savings Strategies Every First-Time Homebuyer Needs To Know

June 14, 2024 by First Federal Bank

If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more.

Topics: Mortgages / Home Equity

Best Ways to Save on Summer Travel

June 12, 2024 by First Federal Bank

While people vacation year round, summer is by far the most popular time for most. The weather is warmer, your schedule is more open. But can you afford to take that trip? You can save for your next vacation with these tips from

Topics: Financial Education

Reasons to Avoid Ultra-processed Foods

June 10, 2024 by First Federal Bank

We all want to be as healthy as we can. But when it comes to the foods we eat, there can be a lot of confusion. It seems every week there is some new diet fad claiming to be the best approach to healthy eating.

Topics: Lifestyle

More Than a House: The Emotional Benefits of Homeownership

June 10, 2024 by First Federal Bank

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.

Topics: Mortgages / Home Equity

First Federal Bank: Empowering the Next Generation with Money Management Skills

June 06, 2024 by First Federal Bank

Through partnerships with local schools, First Federal Bank is dedicated to equipping students with the knowledge and skills necessary to make informed financial decisions. By accessing tools from Banzai, a premium online financial literacy program, First Federal and educators are teaching students better financial habits for free.

Topics: First Federal News, Financial Education

Avoid Making These Credit Card Mistakes When Traveling

June 05, 2024 by First Federal Bank

When preparing for a trip, you probably have a list of things to do: prepare any needed documentation, purchase supplies, pack, set an itinerary. But have you thought about your credit cards? According to The Motley Fool, failure to do so could cost you on your next trip. Be sure to follow these tips so you don’t run into any credit issues while...

Topics: Financial Education

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