First Federal Bank Blog

How to handle money is an important life lesson. The sooner you start your child’s financial education, the more knowledgeable and responsible they will be with their money. Opening a checking account for your child is a great way to impart real-world money lessons.

As an entrepreneur, you’ve probably considered and calculated a myriad of expenses, including the cost of inventory, rent, utilities, shipping and equipment. But have you considered how much you’ll be paid for your time and effort?

Nearly 30 years ago, several automakers began implementing a new program at dealerships: instead of auctioning off trade-ins and other brand-new returned vehicles, they would resell them with added benefits. These vehicles became known as Certified Pre-Owned vehicles, and the CPO program was born.

You may not feel comfortable visiting your local branch right now. I understand. Don’t get me wrong; I miss seeing all of my customers! Limited lobby access and social distancing are necessary, but I can’t wait to be able to get back to normal. Until then, two great ways to stay on top of your financial needs without the risk of going out are...

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...

According to the 2020 Global Study on Occupational Fraud and Abuse, businesses lose about five percent of their annual revenue to fraud. And while large businesses can implement internal checks and balances for their accounting systems, small businesses often lack the resources to do so, making them even more vulnerable to certain types of fraud.

Phishing is an all too common way for scammers to learn your personal information and access your financial accounts. To help prevent yourself from falling victim to a scam, it’s wise to learn exactly how phishing works. 

Tax season is never a fun time of the year, but it’s important not to treat doing your taxes as yet another item to quickly cross off your to-do list, especially as the owner of a small business. There are a few common tax errors small business owners are prone to making, and avoiding them could save you a pretty penny.

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,...

Credit cards are a central part of the modern shopping experience — and if your business can’t accept credit card payments, you’re probably missing out on some serious revenue. Luckily, you won’t have to jump through too many hoops to process credit card payments. Consider these three simple payment-processing methods that your company can...