First Federal Bank Blog

Warren Buffett, the billionaire businessman and philanthropist, once said: “If you don't find a way to make money while you sleep, you will work until you die.” Though it may sound like a somewhat grim indictment against the retirement prospects of the working person, it’s at its core a recommendation to look into the winning strategy that is...

Whether retirement is far off in the future or right around the corner, you need to start planning for it now. Starting with your 401(k), the following tips will help you navigate the complexities of saving money when you’re officially off the clock.401(k) 101Although there are a myriad of ways and accounts available to help you plan for...

Taking out a loan to improve your home might make you think of gutting your kitchen, updating your bathroom or even adding on an addition or finishing out the basement for more living space. These projects will certainly improve your home as well as add to its resale value, but be sure to consider how each project can get a little greener. Whether...

Experts usually present life insurance as something that you should have to be financially sound. If you work for a company full time, it is possibly part of your compensation package. Is it something you really need, though? Consider the common reasons why you might not invest in life insurance, as well as why you really should.It’s too expensive...

Homeownership is an exciting achievement, but it’s also a huge responsibility. Entering into home-ownership when you’re ready is more important than doing so right away. Starting off on the right foot can positively impact future home-buying opportunities, while rushing into a situation you’re unprepared for can limit your options down the road.

The world of finance is always changing, which means advice you received years ago might not be a good idea anymore. To make sure you’re caught up on all the latest trends and strategies in personal finance, consider one of these books recommended by the experts.“Broke Millennial” by Erin LowryAs the title suggests, “Broke Millennial” by Erin...

Whether you’re planning for retirement, saving to send your children to college or just trying to increase your wealth, investing is a crucial path toward reaching your financial goals. If you don’t wish to manage your portfolio on your own, seeking expert assistance is a wise move. Consulting with a registered investment advisor can help you put...

Being smart with your money doesn’t mean that you have to sacrifice the luxury of eating out. Here are seven strategies to dining out on the cheap, so you can enjoy having someone else cook without taking a bite out of your budget.Opt for self-serviceMoney Crashers contributor Amy Livingston recommends choosing a more self-service type of...