Essential Financial Lessons For Kids

March 01, 2021 by First Federal Bank

As a parent, you are your child’s first and most enduring teacher. The example you set, the lessons you teach, and the instruction you neglect will live in your child’s psyche forever. That includes how to handle money. Help your kids develop good money habits now and throughout their lives with the following financial lessons:

Topics: Saving Money, Financial Education, Budgeting, Kids

Are Shopper Loyalty Programs Worth It?

February 15, 2021 by First Federal Bank

Shopper loyalty programs may seem like an easy way to save money on your favorite products. The choice to sign up for exclusive savings and customized coupons may seem like a no-brainer — however, these savings come at the cost of your personal data being sold to marketers. Here’s what to know about the benefits and risks of these store loyalty...

Topics: Saving Money, Financial Education

Budgeting Systems To Fit Your Life

January 27, 2021 by First Federal Bank

Whether you’re on a fixed income or simply looking to make smarter financial decisions, a budget can help you guide your spending and supplement your savings. However, it’s important to find a budgeting system that suits your lifestyle. Here are some common budgeting methods to help you achieve your financial goals:

Topics: Saving Money, Budgeting

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

When Should You Change Insurance Companies?

December 16, 2020 by First Federal Bank

Most of the time, it doesn’t matter if your insurance is good or not; you pay your premiums and go about your day. But in a crisis, it’s crucial that your insurance company has your back. If the insurer you’ve been paying fails to come through for you, a bad predicament can turn into a real disaster.

Topics: Saving Money, Insurance, Home Owners

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

Little Ways to Save Money, Even in a Pandemic

October 09, 2020 by First Federal Bank

Whether you’re preparing for a big purchase, or tightening your belt during a rough patch, saving money is a good idea. There are plenty of big ways to keep more money in your financial accounts, but here are some smaller ones that add up to more than you expect:

Topics: Saving Money, Financial Education, Budgeting

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

Is a CPO Vehicle for You?

September 16, 2020 by First Federal Bank

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.

Topics: Saving Money, Vehicles