Is Homeschooling Right for Your Family?

September 15, 2021 by First Federal Bank

Homeschooling has been gaining mainstream traction. When the modern homeschool movement first surged in the 1980s and 90s, the main appeal was for parents to incorporate religion into their children’s daily education. Today, homeschooling is making a comeback, and the reasons for going that route are as diverse as the families who choose it.

Topics: Family

Home Equity Line of Credit vs. Home Equity Loan

September 13, 2021 by First Federal Bank

Are you in the process of remodeling your home? Or maybe you're looking to consolidate your debt? If that's the case, you might want to explore the option of opening a home equity line of credit (HELOC) or applying for a home equity loan. Both of these options utilize the value of your home as collateral and can be instrumental in achieving your...

Topics: Homeowners

How to Make Family Budgets Fun

September 10, 2021 by First Federal Bank

Setting spending limits and crunching numbers is not exactly a traditional recipe for family fun. But it is possible to make the process of creating, maintaining and benefiting from family budgets an enjoyable one. You and your family will find financial joy within the budgeting process with these tips:

Topics: Financial Education, Family

Health Savings Account 101

September 08, 2021 by First Federal Bank

Medical expenses can extend way beyond the bill you receive from your doctor’s office. If you have a high-deductible health plan, you may be privy to a health savings account (HSA). With an HSA, you can deposit tax-free funds earmarked for paying off a range of medical costs including copayments and deductibles. Here is a closer look at the basics...

Topics: Financial Education, Lifestyle

Insurance Coverage for Financed Cars

September 03, 2021 by First Federal Bank

Financing a car through a financial institution will influence what insurance policy you need to buy. If you are taking out a loan to help pay for your new or pre-owned vehicle, you will not only need to purchase insurance to satisfy your state’s requirements, but also those of your lender.

Topics: Lifestyle

Are You Ready to Own a Home?

September 01, 2021 by First Federal Bank

Owning a home is a large part of adulthood for many, but it can be daunting to think of everything that comes with the process of becoming a homeowner. From being financially stable, to accounting for possible emergencies, there are certain things to be aware of when it comes to purchasing a new house.

Topics: Family, Homeowners, Mortgages / Home Equity

Ideas for Cutting Down on Screen Time

August 30, 2021 by First Federal Bank

Do you reach for your phone the moment you receive a notification? Do you often spend 30 minutes scrolling through social media when you only meant to spend five? If you’re ready to kick these habits, follow these simple tips for reducing your screen time:

Topics: Lifestyle

Emergency Fund Basics

August 27, 2021 by First Federal Bank

The COVID-19 pandemic and its economic downturn might have exposed how fragile your finances are. As the economy begins to recover, it’s a good time to consider building an emergency fund to help protect you in the future. Consider this information as you start to put money away:

Topics: Financial Education

Do You Need to Make Quarterly Tax Payments?

August 25, 2021 by First Federal Bank

If you have worked as an employee of a company or another person for most of your life, you are probably used to having taxes withheld from your paycheck and filing one yearly tax return. However, if you are self-employed, you likely need to pay estimated taxes, which are due on a quarterly basis.

Topics: Financial Education

Sedans You Can Still Buy New

August 23, 2021 by First Federal Bank

With crossovers, SUVs, and pickup trucks at peak popularity, a new sedan might seem harder to come by. Ford, one of the world’s biggest automakers, no longer offers a single sedan in its lineup. But if you know where to look, you’ll find there are plenty of great cars out there you can buy brand-new.

Topics: Lifestyle

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