First Federal Bank

Recent Posts

Calculating Business Asset Depreciation

May 21, 2021 by First Federal Bank

The things you buy, including equipment and property, to help improve your small business are not only smart investments, they are valid deductions you can report on your tax return. Since you are dealing with taxes, though, how to calculate the depreciation of your business assets can be complicated.

Topics: Small Business, Financial Education

Advice for Building Relationships with Clients

May 19, 2021 by First Federal Bank

If you’re focused on the long-term success of your business, you’ve already realized the importance of building ongoing relationships with customers. The best way to boost your sales isn’t to focus on your bottom line; it’s to foster connections of respect.

Topics: Small Business

Keep the Bugs Away from Your Business with these 3 Tips

May 17, 2021 by First Federal Bank

The sight of pests at your business will deter customers and stress out your employees, ultimately impairing the potential of your business’ success. Pests are a nuisance, and depending on the creature, can cause a range of harm to humans and destruction to your property. In order to protect the health of your staff, customers, products, and...

Topics: Small Business

Claiming Earned Income Tax Credit

May 14, 2021 by First Federal Bank

For low- or middle-income household, the Earned Income Tax Credit may be able to help reduce your tax burden or bolster your refund. However, tax firm H&R Block states as many as 22 percent of qualifying taxpayers miss out on claiming the EITC. Don’t be one of them — here’s a look at what you need to know to get the most out of your EITC.

Topics: Financial Education

5 of the Best Meal Kit Delivery Services

May 12, 2021 by First Federal Bank

If you enjoy cooking but don’t have time to fully prepare a meal or head to the grocery store, signing up for a meal kit delivery service is a great option. Consider selecting one or more of these delivery services to make the most of your dinners:

Topics: Lifestyle

How to Properly Cool Down After Your Workout

May 10, 2021 by First Federal Bank

After an intense workout, cooling down is a must. Not only does it often feel great, it also regulates your blood flow, and prevents a dizzy spell or nausea from occurring. Get the most out of your fitness routine by following these tips for cooling down:

Topics: Lifestyle

Deducting Medical Expenses

May 07, 2021 by First Federal Bank

No matter your income or financial situation, medical bills can take an enormous bite out of your budget. If you face big recurring costs or recently went through a high-priced operation or hospital stay, you might benefit from claiming a medical expense deduction on your taxes.

Topics: Financial Education

Saving Money in College

May 03, 2021 by First Federal Bank

Between paying for tuition and covering living expenses, you may find it challenging to save up money while in college. However, by following these simple tips, you may be able to graduate from college with some cash already in your savings account:

Topics: Financial Education

Borrowing From Your 401(k)

April 30, 2021 by First Federal Bank

If money is tight, you may have considered drawing from your 401(k) retirement savings plan. While it’s generally best to leave your investments intact, there are circumstances in which tapping into your account can be a safer move than obtaining other kinds of loans. Here’s a look at a few factors to consider before you commit to borrowing money:

Topics: Personal Banking, Retirement

Negotiating with a Car Dealer

April 28, 2021 by First Federal Bank

If the thought of negotiating the purchase price of a new vehicle at a car dealership makes your heart race and your palms sweat, take solace. Many car buyers feel daunted by the task. Why? Because buying a car can be a stressful, complicated, and expensive process. With these tips, you’ll be able to keep your cool, negotiate like a pro, and get...

Topics: Lifestyle

The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites. NMLS # 408902.

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