As Investopedia contributor Jason Fernando explains, “Inflation is the decline of purchasing power of a given currency over time.” As prices for goods and services increase, the money in your wallet is unable to buy as much. But the effects of inflation on your finances extends beyond pricier items.
How to Correct Errors on Your Credit Report
Managing your credit score takes hard work and it could help you purchase a house, a vehicle, or other big-ticket items. However, if a credit bureau does not have the correct information included in your credit report, it could affect your credit score. Here is some advice on how to report and correct potential errors on your credit report:
Topics: Financial Education
Establishing a Trial Period for New Employees
Hiring a new employee is a big commitment, especially when it comes to cost. This includes the time it takes to procure interview questions, create job listings, communicate with potential hires, conduct the interviews, and train a new associate — all on top of adding a salary to your business budget. A trial period for new employees is a great...
Topics: Small Business
Florida Gateway College Names Building after Quinn & Keith Leibfried
Lake City, Florida
Florida Gateway College’s newest building will be named the Quinn & Keith Leibfried STEM Building by the locally headquartered First Federal Bank. Construction began on the college’s new STEM building in March of 2021. When finished, it will host numerous classrooms; chemistry, microbiology, physics, and botany labs; faculty...
Topics: First Federal News
Making the Most of Your Staycation
If you want to take a break without leaving your local area, a staycation is a great way to kick back and relax. Here are some helpful tips for making the most of your staycation for maximum enjoyment:
Topics: Financial Education, Family, Lifestyle
3 Unique Mother's Day Gift Ideas
This Mother’s Day, if you’re looking for something as unique as your mom, consider these gift suggestions to brighten her day:
Topics: Family
Should Your Business Hire a Social Media Manager?
For many small businesses, properly administered social media is no longer an optional extra — it’s a must-have for effective marketing. However, every business is different, so it’s important to weigh your specific needs as you decide whether it’s time to hire a social media manager.
Topics: Small Business
What Is Car Sharing and How Does It Work?
Car sharing is an increasingly popular means of getting around. But even as it becomes more widespread, you may be wondering what it is, how it works, and how it stacks up to other forms of transportation. Is it green? Can it save you money? As with most things, the answers depend on a lot of factors. Still, one thing is clear: car sharing is here...
Topics: Lifestyle
Body-Weight Exercises to Build Your Strength
You don’t have to have a gym membership or even a set of dumbbells to get a good workout in. With body-weight exercises, you’ll have everything you need to get a satisfying, strengthening workout from the comfort of your own home.
Topics: Lifestyle
How to Reduce Recruitment and Hiring Costs (Without Losing Applicants)
When you’re looking to hire employees, the process of recruitment can be quite daunting. According to career website Glassdoor, it costs $4,000 to recruit a new employee in the U.S., on average. Here are some effective ways to reduce hiring and recruitment costs while still getting high-quality applicants:
Topics: Small Business
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.