Essential Financial Lessons For Kids

March 01, 2021 by First Federal Bank

As a parent, you are your child’s first and most enduring teacher. The example you set, the lessons you teach, and the instruction you neglect will live in your child’s psyche forever. That includes how to handle money. Help your kids develop good money habits now and throughout their lives with the following financial lessons:

Topics: Saving Money, Financial Education, Budgeting, Kids

Budgeting Systems To Fit Your Life

January 27, 2021 by First Federal Bank

Whether you’re on a fixed income or simply looking to make smarter financial decisions, a budget can help you guide your spending and supplement your savings. However, it’s important to find a budgeting system that suits your lifestyle. Here are some common budgeting methods to help you achieve your financial goals:

Topics: Saving Money, Budgeting

4 Unnecessary Expenses to Cut From Your Life

January 20, 2021 by First Federal Bank

As a hard-working adult, you know saving money is an important thing to do. Unfortunately, it can also be difficult. Life is expensive, and it often feels like our money is gone no sooner than we’ve earned it. But are all of life’s expenditures necessary? Far from it; a close look at your budget is likely to reveal plenty of unnecessary...

Topics: Personal Banking, Saving Money, Budgeting

The Financial Accounts Everyone Should Consider

December 04, 2020 by First Federal Bank

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree there are a few accounts everybody should consider holding to keep your money organized, set you up for the future, and even help grow your wealth.

Topics: Personal Banking, Saving Money, Retirement, Investing, Financial Education, Budgeting

Three Things You Should Know Before Consolidating Debt

October 16, 2020 by First Federal Bank

Consolidation is a common and proven debt management strategy. In short, it involves combining multiple debts into a single payment, making your overall debt easier to handle. It may even reduce total debt via lower interest rates. However, consolidation is not always as simple as it seems — if it even works for your specific situation. Here...

Topics: Personal Banking, Financial Education, Budgeting, Credit Cards

Little Ways to Save Money, Even in a Pandemic

October 09, 2020 by First Federal Bank

Whether you’re preparing for a big purchase, or tightening your belt during a rough patch, saving money is a good idea. There are plenty of big ways to keep more money in your financial accounts, but here are some smaller ones that add up to more than you expect:

Topics: Saving Money, Financial Education, Budgeting

Teaching the Basics of Checking Accounts To Younger Kids

October 07, 2020 by First Federal Bank

How to handle money is an important life lesson. The sooner you start your child’s financial education, the more knowledgeable and responsible they will be with their money. Opening a checking account for your child is a great way to impart real-world money lessons.

Topics: Personal Banking, Saving Money, Financial Education, Budgeting, Kids, Family

Small Ways to Save Every Day

August 07, 2020 by First Federal Bank

Small changes you implement into your daily life can make a big impression on your financial health. If you’re looking for ways to save money every day without committing to a major financial overhaul, consider these tips:

Topics: Saving Money, Budgeting

5 Tips to Help You Save for Back to School

July 24, 2020 by First Federal Bank

The Back-to-School season may look different for a lot of families in 2020. School districts are currently exploring the safest ways for students to begin the new academic year, and finalizing their plans. Many are offering a variety of options for parents to choose from.

Topics: Saving Money, College, Budgeting, Kids, COVID-19

Strategies for a Debt-Free Holiday Season

July 22, 2020 by First Federal Bank

Want to know the secret to less stress and zero debt during the most wonderful time of the year? Start saving now! It’s never too early to plan for the holidays. Consider these tips for managing your money:

Topics: Personal Banking, Saving Money, Budgeting