First Federal Bank Blog

Want to get yourself on the path to financial stability and independence? Organization is the key. Getting your finances in order isn’t just smart — it’s easy to do thanks to a wide range of convenient online tools at your disposal.

While food expenses are a necessary component of any monthly budget, there are practical ways to reduce food costs. You can create a monthly food budget, and take other steps to stick to personal savings goals in this area:

A 401(k) plan may be ideal when it comes to saving for retirement. Still, it’s possible to meet ambitious retirement goals even without one. If your employer doesn’t offer retirement benefits, these options can help you retire comfortably:

Back when you were young and first opened a checking account, you probably used your debit card all the time, feeling the freedom of making purchases without needing to predict how much cash to have on hand.

Filling out your tax return is stressful enough, but realizing that you owe more than what you can afford to the Internal Revenue Service can be terrifying. It’s not exactly a bill you can ignore without dire circumstances, after all! Although panic is a natural reaction when faced with such a financial predicament, it is unnecessary; there are...

Putting your money into a savings account affords certain benefits. It offers a safe location for your hard-earned money, which is perfect for when you are saving up for something significant or trying to establish an emergency fund. A savings account opened at a federally-insured financial institution can insure your funds up to a certain amount....

Car insurance is an agreement between you and an insurance company that will ideally protect you from financial loss if you were to get into an accident, experience damage to your vehicle, and more. But certain factors could affect the price you pay for this coverage — and it mostly comes down to data and risks.

Is it better to invest your money or use it to pay off debt? The answer to that question depends on many factors, like your investing options, the amount you owe, interest rates, and even your age. But as a rule of thumb, you should try to do both. Before you do, here are a few things to consider:

Receiving a letter from the Internal Revenue Service informing you your business is being audited is enough to stop you cold. But if you have taken the proper steps to prepare and work with your auditor to the best of your abilities, you shouldn’t have anything to sweat about.

Talking to your kids about finances is an ongoing conversation. Starting with saving coins in a piggy bank and earning an allowance to opening up a savings or checking account, budgeting for major purchases and investing for the future, there are many facets to your child’s financial education. Here is a closer look at teaching your child how to...