The age of AI is here. Some embrace the change, other fear it. But perhaps surprisingly, as AI tools become more prevalent, most people believe they are equipped to spot AI-generated scams. By contrast, new research reveals a worrying trend: as people get more familiar with AI, they’re more likely to fall for these scams.
Do You Think Your Teen is Financially Prepared for Adulthood?
As a parent, you are focused for 18 years on preparing your child for adulthood. Becoming an adult is an important milestone, and when it happens, your child will need to navigate the world on their own. Are they prepared financially for this transition? Sadly, many parents do not feel their teens are ready:
Topics: Financial Education, Family
How to Keep Yourself Safe from Online Scams
October is National Cybersecurity Awareness Month, a time to spotlight the importance of taking daily action to reduce your risk when online and using connected devices. Do you know how to spot scams, and what actions you can take to keep yourself safe?
Topics: Financial Education
How Your Credit Score Impacts Your Auto Loan
Are you in the market for some new wheels? Buying a vehicle in the fall, especially from October to December, is a prime time for deals due to dealerships clearing out current-year inventory to make room for new models and meet annual sales goals.But overall price is not the only consideration. If you will be financing your purchase, you need to...
Topics: Financial Education
How To Make Sure You Save Enough By Age 35
It’s common to think about how much money you need to save for your retirement. But that may be a long time from now, depending on your current age. It’s a good idea to think in shorter terms. Have you considered how much you should have saved by the age of 35? It’s never too early to make an effort to set aside money…
Topics: Personal Banking, Financial Education
The One Word that is a Dead Giveaway of Attempted Fraud
Seventy-three percent of American adults have experienced an online scam or attack. Opening your email or text messages can feel like wading through a minefield. But there are easy ways to determine whether an email is a scam — you just have to know what to look for. In fact, one word is almost a dead giveaway that the email or text is trying to...
Topics: Financial Education
Do You Have a Hurricane Financial Kit?
As we head into the peak of the hurricane season, you want to make sure you are prepared for a potential disaster. You need more than flashlights, batteries and bottled water when a hurricane threatens. You also need to make sure your finances are in order. Financial experts say being prepared on paper can make all the difference in recovery....
Topics: Financial Education, Family
What I Wish I Could Teach My Younger Self About Money
Have you ever wished you could reach out through time to give your younger self some advice? Robyn from A Dime Saved is a Dime Earned has some important money tips she has picked up along the way she wishes she had learned earlier in life:
Topics: Financial Education
How to Build Wealth in 10 Years
The word, “wealthy” probably means different things to different people. We tend to think of millionaires and billionaires when we hear the word. What financial experts mean when they talk about wealth is increasing your net worth over time and doing it in a way that gives you freedom, stability and options. Here are some expert tips on how to...
Topics: Financial Education
What Are the Benefits of a Mutual Bank?
Do all banks seem the same? If so, you might want to take a closer look. After all, there are more than 10,000 banks in the U.S., and each one offers its own unique set of services, branch locations, account fees, interest rates, and more. Banks can be categorized into several types, each with distinct functions and target audiences.
Topics: Personal Banking, 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.