Category: Banking 101

Home Purchase Planning

Posted by First BankPosted on Banking 101, Home Ownership, Mortgages

Buying a home is an exciting and stressful time for anyone, whether it is the first or the fifth time buying a home. When it comes to purchasing a home, there are all kinds of steps that need to take place before the sale is official, but there are also many steps that should be considered before even submitting an … Read More

2021 Tax Planning Tips

Posted by First BankPosted on Banking 101, Money & Metrics, Trust & Investments

At the start of the new year it can be easy to forget that tax season is just around the corner. Hopefully, all end of the year planning for 2020 has already been taken care of so you can start to focus on getting everything in order for filing taxes. This year, planning for taxes, and taxes in general, may … Read More

Financial Tips for 2021

Posted by First BankPosted on Banking 101, General, Money & Metrics

The start of the new year is a great time to reassess your financial situation, make a plan for saving in the future, and put that plan into action early in the year! Although the new year’s resolution approach to financial planning can seem like a great accountabilty tool, it is also important to make resolutions that are attainable with … Read More

Year End Financial Planning

Posted by First BankPosted on Banking 101, General, Money & Metrics

Throughout the year is it easy to forget about tracking and managing your finances, many people use the final months of the year to get themselves back on track to start the new year off right. Jumping back into financial planning can be a bit stressful, but here are some of the most important steps to take to end the … Read More

Protecting Yourself from Money Scamming

Posted by First National BankPosted on Banking 101, Money & Metrics

Money scams are nothing new. On some level, everyone who owns a phone, landline or mobile, has interacted with a money scammer at some point in their life. However, money scammers can also take the form of pre-recorded audio calls, personal emails, messages on social media sites, and many more, so no one can say that they are not at … Read More

Saving For Your Future & Your Family

Posted by First National BankPosted on Banking 101

When you are younger, saving money for your future such as kids, purchasing a house, or retirement may seem like the last thing you need to worry about. According to new data from Nationwide, “A good 25% of millennials worry about saving enough money for their senior years. That’s a valid concern since retirees without savings risk struggling financially.” In … Read More

Improving Your Credit Score

Posted by First National BankPosted on Banking 101

Your credit score has a huge bearing on many aspects of your life. Your credit score helps financial institutions and lenders determine your creditworthiness. According to Fico.com, the FICO score was first introduced in 1981 by the Fair Isaac Company (now called FICO.) “Lenders use credit scores to evaluate the probability that an individual will repay their debts. A person’s … Read More

Personal Credit vs. Business Credit

Posted by First National BankPosted on Banking 101, Money & Metrics

Credit is something we are all familiar with. We use it to pay bills, put gas in our cars and so much more. Every person has their own credit history that follows them throughout their lives. The same could be said for businesses. Even though they aren’t people, businesses generate their own credit history and scores. Personal Credit According to … Read More

Teaching Your Kids About Personal Finance

Posted by First National BankPosted on Banking 101

Children whose parents don’t teach them about handling money, may grow up to be adults who don’t know how to handle their finances.  Start when they’re young, but keep it simple. Take your child to the grocery store and plan to pay with cash. Tell them that you have a certain amount of money to buy food today, and when … Read More

Benefits Of A CD Account

Posted by First National BankPosted on Banking 101

Opening a Certificate of Deposit (CD) is a flexible, safe and predictable way to grow your money. With a CD, you have no risk of losing any of the principal, unlike other types of investing. Once you lock in a term and interest rate, you’ll know exactly what to expect when the CD matures. When you invest in a CD … Read More

Holiday Shopping On A Budget

Posted by First National BankPosted on Banking 101

It’s no surprise that the holidays come every year, on the same date even!  So with a little planning, you and your wallet can be ready! Ways to plan ahead and save up for holiday expenses can include setting up an automatic savings plan.  Every time you get paid, have a small amount put directly into a savings account. Or … Read More

Safeguard Yourself From Identity Theft

Posted by First National BankPosted on Banking 101

Identity theft is a common headline these days, and the thieves seem to be getting more and more aggressive. But there are ways you can protect yourself, and your bank account. Simple, but effective – don’t share your personal information, birth date, Social Security number, or even your maiden name, just because someone asks. Use security features on your phone, … Read More