Which Debt Should You Pay Off First?

September 07, 2020 by First Federal Bank

Between credit cards, student loans, car loans, and mortgages, you’re probably carrying some debt. On the surface, managing your debt can seem relatively easy — just make minimum payments. However, if you’d like to pay down your debts and increase your cash flow, you have some choices to make. Namely, which debt should you prioritize? Here’s a...

Topics: Mortgage Lending, Personal Banking, Saving Money, College, Financial Education, Credit Cards, Personal Lending, Taxes

What is the 2K Rule?

August 21, 2020 by First Federal Bank

For many parents, saving for a child’s college education is a major source of stress. It’s often difficult, if not impossible, to know how much you actually need to save, as the cost of attending college varies wildly depending on the school and whether your child qualifies for financial aid. Without knowing what college your child will attend,...

Topics: Saving Money, College, Kids

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

Ways to Earn Extra Money in College

August 26, 2019 by First Federal Bank

Amid rising tuition costs and sky-high textbook prices, most college students don’t have much money to spare. However, you can pad out your income with a few side gigs and a little ingenuity. Here are a few strategies to earn extra money in college.Surveys and online workCompanies want to know what you’re thinking — and they’ll pay to find out....

Topics: Saving Money, College