First Federal Bank Blog

Managing a rental property can be a smart investment. As a landlord, you are the owner of property that generates a monthly income that is set by you. However, as a landlord, you are responsible for everything that breaks, and you have to trust that your tenants will pay their rent without wreaking havoc on your property. It takes a lot of...

Taking out a loan to improve your home might make you think of gutting your kitchen, updating your bathroom or even adding on an addition or finishing out the basement for more living space. These projects will certainly improve your home as well as add to its resale value, but be sure to consider how each project can get a little greener. Whether...

Experts usually present life insurance as something that you should have to be financially sound. If you work for a company full time, it is possibly part of your compensation package. Is it something you really need, though? Consider the common reasons why you might not invest in life insurance, as well as why you really should.It’s too expensive...

You have a hunger to know more about yourself and your family’s history or determine if you’re at greater risk for a life-altering affliction like Alzheimer’s disease or cancer. To achieve this, you’re considering taking one of those at-home DNA tests you’ve heard about like 23andMe or Color. Before you sign up to have a kit sent to your home,...

Homeownership is an exciting achievement, but it’s also a huge responsibility. Entering into home-ownership when you’re ready is more important than doing so right away. Starting off on the right foot can positively impact future home-buying opportunities, while rushing into a situation you’re unprepared for can limit your options down the road.

The world of finance is always changing, which means advice you received years ago might not be a good idea anymore. To make sure you’re caught up on all the latest trends and strategies in personal finance, consider one of these books recommended by the experts.“Broke Millennial” by Erin LowryAs the title suggests, “Broke Millennial” by Erin...

Buying a franchise is an attractive business option for entrepreneurs seeking to capitalize on an existing brand. But if you’re thinking about becoming a franchisee, you need to prepare yourself — it won’t be as easy as simply finding a well-liked brand and putting down some cash.Your personality mattersBefore you buy a franchise, you should ask...

Whether you’re planning for retirement, saving to send your children to college or just trying to increase your wealth, investing is a crucial path toward reaching your financial goals. If you don’t wish to manage your portfolio on your own, seeking expert assistance is a wise move. Consulting with a registered investment advisor can help you put...

Being smart with your money doesn’t mean that you have to sacrifice the luxury of eating out. Here are seven strategies to dining out on the cheap, so you can enjoy having someone else cook without taking a bite out of your budget.Opt for self-serviceMoney Crashers contributor Amy Livingston recommends choosing a more self-service type of...