While it’s important and in some cases legally necessary to have insurance, you’re by no means locked into getting your coverage from one company. The same way you can improve your situation by looking for a new job, home, or car, you can explore your options when it comes to insurance. In some situations, switching insurers is the smart play to...
When to Consider Switching Insurers
Topics: Financial Education
Picking Up The Pieces After Storms Damage Your Home
Whether wind, snow, hail, or a hurricane damages your home, recovering from a storm is a complicated process. Even if the damage was minimal, figuring out how to repair the problem, receive compensation for your loss, and deal with insurance claims can be overwhelming. The following tips can help you navigate the situation:
Topics: Financial Education, Homeowners
Holiday Gifts to Teach Your Kids About Money
It’s important you start coaching your children on the basics of financial responsibility early in their lives. Properly saving, spending, and investing money are crucial skills for all people to master — and the sooner you can teach them, the better!
Topics: Financial Education, Family
Monitoring Your Credit Report
Your credit report holds plenty of valuable information. It can help you understand your spending habits, lend insight into your creditworthiness, and, perhaps most importantly, it can enable you to monitor your accounts for fraud. Here’s a look at a few different strategies for watching your credit report — and what you should do if you notice...
Topics: Financial Education
Shop Smarter This Holiday Season
The holiday season is fast approaching, and you might be stressed thinking about how you are going to buy gifts for all of your friends and family. But it is possible to get everything you need as long as you set realistic goals.
Topics: Financial Education
Gifting Stocks and Bonds
Looking to share your wealth, benefit your loved ones, or teach a child about investing? Gifting stocks and bonds can be a great way to give your friends and family a financial boost. Here’s how you can express your generosity through gifting investments — and some possible pitfalls to keep in mind.
Topics: Financial Education, Family
Controlling Holiday Spending
While the spirit of the season can fill your heart with joy, it can also quickly empty your wallet. There are ways to enjoy the holidays and give to others (and to yourself) without exceeding your financial limits. The following tips will help you control your spending during the most magical — and expensive — time of year:
Topics: Financial Education, Family
What to Do When Your Credit Card is Compromised
Though you try to protect your vital information when shopping online, the risk of having your credit card information compromised is higher than ever. Even with advanced security protocols, you could find yourself a victim of credit card fraud. Fortunately, recovering from this kind of situation is a straightforward process — so long as you know...
Topics: Financial Education
Protecting Yourself From Ransomware
Keeping all of your files secure and backing them up may not be something you think of on a daily basis. But with scammers and hackers diligently working to corrupt files and make a quick buck, maintaining your computer’s security is vital in today’s world. One way your information could be at risk is through ransomware.
Topics: Financial Education
Choosing the Right Health Savings Account
A Health Savings Account (HSA) offers a wealth of benefits. It can help you save on taxes, aid in bolstering your retirement fund, and earn tax-free interest on your savings. Forbes contributor John Goodman claims no other savings vehicle can top an HSA. However, specific HSAs are tailored to meet distinct needs. In order to maximize your savings,...
Topics: 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.