First Federal Bank Blog

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...

As Investopedia contributor Jason Fernando explains, “Inflation is the decline of purchasing power of a given currency over time.” As prices for goods and services increase, the money in your wallet is unable to buy as much. But the effects of inflation on your finances extends beyond pricier items.

Managing your credit score takes hard work and it could help you purchase a house, a vehicle, or other big-ticket items. However, if a credit bureau does not have the correct information included in your credit report, it could affect your credit score. Here is some advice on how to report and correct potential errors on your credit report:

If you want to take a break without leaving your local area, a staycation is a great way to kick back and relax. Here are some helpful tips for making the most of your staycation for maximum enjoyment:

It’s some of the most common financial advice — if you want to grow your savings, invest. However, getting started with investing can be a daunting task, especially with so many myths surrounding the topic. We’re here to clear the air and address some common misconceptions about investing.

If you’ve amassed significant savings for your retirement, it’s important to think about what you’ll do with the money. Would you prefer to spend it on yourself, give it away, or hang on to it and leave an inheritance for your children or other loved ones? Your answer will depend on a wide variety of factors, of course, but here are some points to...

You work hard because you want to set your family up for the future they deserve. Unfortunately, there may come a time where you’re not there to share that future with them. Because of all the uncertainties that life presents, it’s never a bad idea to know what happens if you should die and leave unpaid loans behind.

The deadline for filing and paying your 2021 income taxes is April 18, 2022. If you’re worried you won’t have enough time to submit your federal tax return before it’s due, you can request an extension from the IRS. Doing so will give you until Oct. 15, 2022 to file a return — an additional six months.

Putting together a budget requires looking at a range of expenses; some that are expected and others that are not. Expenses generally fall into one of two categories — variable and fixed. Understanding how they differ can help you handle current bills as well as future ones.