First Federal Bank Blog

A strong investment portfolio incorporates a variety of assets, and many people have found that Treasury bonds can be a worthwhile source of alternate income. But, even Treasury bonds aren’t without their risks.Advantage: Low risk of defaultBecause Treasury bonds are backed by the U.S. government and have a high credit quality, most investment...

Finding a savings account sounds simple enough — after all, you’re just looking for a safe place to store and grow your money. However, to make the most of your savings, it’s important to keep an eye out for a good interest rate along with hidden fees, balance requirements, and other factors that can complicate your financial management. Here’s a...

April is National Financial Literacy Month, a great time to start teaching your children about money. There are important life lessons you can impart at every age, and the earlier you begin, the better. Whether you want to cover the basics, delve into more complex topics, or simply get the conversation started, there are many ways you can approach...

Food prices have been on a roller coaster ride over the past several years. The grocery store is one of the first and most noticeable places consumers feel the sting of inflation. The same is true of restaurant pricing. Over the past few years, consumers have responded by changing their eating and spending habits, limiting purchases of certain...

Summer will be here before you know it. And with Spring Break in the rearview mirror, you may be looking for your next travel options. Whether you have a summer trip booked already, or are in the planning stages, the first thing you need to do is make sure you have the funds to pay for it.

When filing your income taxes, you have the option to take the standard deduction or to itemize your deductions. Itemizing allows you to claim specific expenses individually, potentially leading to a higher tax refund or lower tax liability. So while itemizing can be more time-consuming than taking the standard deduction, it can be financially...

A life insurance policy is critical for protecting your loved ones after your death, but you can also leverage it while you’re alive. That’s because policies offer two distinct benefits: cash value and death benefit. Understanding the differences between the two can help you pick the best policy and take better advantage of it.What is cash value?

Preparing your taxes is easier when you have everything you need at your fingertips or accessible on your computer. Searching for receipts, records, or required documents will quickly erode your resolve and temperament when you’re trying to work through your taxes. Here are a few tips to help you organize your tax documents so you can make the...

Student loans can be a heavy financial burden. However, there are a few simple tips to help you chip away at your debt faster. Here’s a look at a few strategies to help you set yourself on a quicker path toward financial freedom:Go above the minimum paymentMaking a bigger monthly payment may require sacrificing some of your disposable income, but...

All investing exposes you to a certain level of risk. Committing all your money to a narrow range of stocks, bonds, or other assets is especially perilous, exposing your portfolio to the market’s volatility and making it less resilient — and potentially hampering growth as well. However, diversification is a good way to keep one poor-performing...