Comparison Shopping as a Business

June 18, 2021 by First Federal Bank

Does your business need products or services from an outside provider? To get the best quality for the best price, you’ll most likely want to circulate a request for information (RFI), a request for proposal (RFP), or a request for quote (RFQ). These documents are essentially the business-world version of comparison shopping. Using them the right...

Topics: Small Business

What is a Competitive Matrix?

June 16, 2021 by First Federal Bank

When you’re starting a new business, analysis is key to getting off on the right foot. That holds particularly true if you’re entering a field with established competitors and looking to make your mark. A great tool to get your business up to speed and put it in a position to compete is a competitive matrix.

Topics: Small Business

3 Unique Burger Recipes for Your Next Cookout

June 14, 2021 by First Federal Bank

On a warm summer day, nothing is more delicious than a burger cooked on your backyard barbecue grill. But that doesn’t mean the meat you use has to be beef — or meat at all. If you’re tired of only eating beef patties, prefer something healthier, or want an animal-free option, here are some unique burger ideas that are just as tasty:

Topics: Lifestyle

How to Get Better Sleep While Traveling

June 11, 2021 by First Federal Bank

Whether you’re simply going on a quick weekend getaway close by, or heading across the country, getting enough sleep is essential. But sleeping while traveling can prove to be quite difficult. Your body and mind are not used to your new surroundings and that can cause your internal clock to be off. And you may not have the comforts of home on...

Topics: Lifestyle

6 Signs an Employee Is Ready for Leadership

June 09, 2021 by First Federal Bank

Promoting an employee to a leadership role is an important decision. But is that employee ready for it? How do their current skills and experience translate into management potential? Here are a few of the top signs that an employee is ready for leadership:

Topics: Small Business

How to Use Social Media to Make Money

June 07, 2021 by First Federal Bank

Social media platforms are more than just a tool to update your relationship status, share cat pictures with friends, and post political memes. By giving you a potentially limitless audience, social media also offers significant money-making opportunities. These are some of the top ways you can use social media to bolster your income:

Topics: Small Business

What's Ahead For Mortgage Rates This Week - June 7, 2021

June 07, 2021 by First Federal Bank

Last week’s economic reporting included readings on construction spending and public and private-sector employment data. Weekly reports on mortgage rates and jobless claims were also released.

Topics: Mortgages / Home Equity

Should You Give Your Employees Bonuses?

June 04, 2021 by First Federal Bank

Rewarding your employees for their hard work is crucial for keeping morale — and productivity — high. These days, many employers are forgoing the traditional model of raises in base compensation in favor of bestowing merit or holiday bonuses.

Topics: Small Business

Using Automatic Bill Pay

June 02, 2021 by First Federal Bank

Do you ever feel like you’re spending too much time paying bills, juggling account passwords, and keeping track of due dates? If so, you can reclaim some of that time by automating some of your predictable, recurring bill payments. Here’s a look at the benefits and drawbacks of using automatic bill pay:

Topics: Personal Banking, Financial Education

Saving for Medical Costs in Retirement

May 31, 2021 by First Federal Bank

Saving enough money to enjoy a full retirement may already feel like an uphill climb before you even consider the rising cost of healthcare. As you get older, you can expect your medical expenses to increase, which can put a damper on your plans without proper consideration. By setting aside funds specifically for your healthcare needs, you can...

Topics: Retirement, Financial Education

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.

Leave us a comment and join the conversation.