4 Unnecessary Expenses to Cut From Your Life

January 20, 2021 by First Federal Bank

As a hard-working adult, you know saving money is an important thing to do. Unfortunately, it can also be difficult. Life is expensive, and it often feels like our money is gone no sooner than we’ve earned it. But are all of life’s expenditures necessary? Far from it; a close look at your budget is likely to reveal plenty of unnecessary...

Topics: Personal Banking, Saving Money, Budgeting

The Advantages of Multiple Savings Accounts

December 23, 2020 by First Federal Bank

When you want to securely store your money, you can choose to open one or more savings accounts at a financial institution. If you’re unsure how many accounts to open, it’s a good idea to consider the different reasons for having multiple savings accounts in mind before making a decision. 

Topics: Personal Banking, Saving Money

The Financial Accounts Everyone Should Consider

December 04, 2020 by First Federal Bank

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree there are a few accounts everybody should consider holding to keep your money organized, set you up for the future, and even help grow your wealth.

Topics: Personal Banking, Saving Money, Retirement, Investing, Financial Education, Budgeting

Financial Fraud: How to Spot the Warning Signs

November 06, 2020 by First Federal Bank

In today’s fast-paced, online-centric world, scammers have more tools than ever to separate you from your hard-earned money. These efforts often ramp up during the holidays season. It is important to know these major warning signs for financial fraud:

Topics: Fraud Alerts/Scams, Personal Banking, Financial Education, Credit Cards

Three Things You Should Know Before Consolidating Debt

October 16, 2020 by First Federal Bank

Consolidation is a common and proven debt management strategy. In short, it involves combining multiple debts into a single payment, making your overall debt easier to handle. It may even reduce total debt via lower interest rates. However, consolidation is not always as simple as it seems — if it even works for your specific situation. Here...

Topics: Personal Banking, Financial Education, Budgeting, Credit Cards

Teaching the Basics of Checking Accounts To Younger Kids

October 07, 2020 by First Federal Bank

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.

Topics: Personal Banking, Saving Money, Financial Education, Budgeting, Kids, Family

Banking in the Middle of a Pandemic

September 14, 2020 by Heather Thompson

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...

Topics: Online Banking, Personal Banking, COVID-19

Which Debt Should You Pay Off First?

September 07, 2020 by First Federal Bank

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...

Topics: Mortgage Lending, Personal Banking, Saving Money, College, Financial Education, Credit Cards, Personal Lending, Taxes

Are You Taking Full Advantage of Direct Deposit?

August 03, 2020 by First Federal Bank

It’s easy to take conveniences like direct deposit for granted without fully understanding how it works or why you should use it. You may have questions concerning direct deposit, so we want to make sure you fully understand the system.

Topics: Online Banking, Personal Banking, Taxes

Mobile Payment Scams to Avoid

July 29, 2020 by First Federal Bank

Apps that allow you to conduct transactions directly from your mobile phone have been quickly growing in popularity. Unfortunately, scammers try to take advantage of this convenience by tricking you into inadvertently sending them money. You can avoid this by knowing:

Topics: Fraud Alerts/Scams, Personal Banking