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From monthly archives: January 2019

We are pleased to present below all posts archived in 'January 2019'. If you still can't find what you are looking for, try using the search box.

Love and Money: Personal Finance Tips for New Couples

Valentine’s Day is just around the corner; often, this is known as the season of love and proposals. To help couples start their journey on strong financial footing, we’d like to offer these post-wedding money mistakes to avoid: Not having the money talk. Discussing your finances can be a bit uncomfortable for many couples, especially in the beginning, but those who tackle it head on will be better for it. Understand your partner’s financial goals and spending habits. While you may have different answers, this conversation can help you develop an approach to money management from the start that works for both of you. Not setting a budget. A mistake many couples make is not establishing a budget early on. After assessing your finances as a pair, determine how you’ll spend your money each month. Are there certain expenses you should be cutting back on and others you should be saving toward each month? Perhaps, you’d like to start saving for a down-payment on a new home or to start ...

Are you Ready to Buy a New Home?

Helpful Tips to Consider If you’re ready to buy a home, that’s great news! There are a few things you’ll need to do that you may not realize, especially if you’re a first-time homebuyer, or if it’s been a number of years since your last home purchase. Getting Ready to Buy Before you even begin looking for a new home, contact First Bank Mortgage and one of our knowledgeable Home Loan Advisors can help guide you through the homebuying process. It’s helpful to obtain pre-approvals prior to house hunting, so you’ll know your budget ahead of time. We’ve provided a helpful list of items, like previous employers and prior addresses, to have ready when applying for home lending with First Bank Mortgage. Once you’ve received loan approval and an approved contract (and amount) on a new home, you’ll need to obtain homeowner’s insurance for your new place or condo insurance if you’re buying a condo. Most lenders require that informati ...

4 Simple Steps to Stop A Cyber Thief

First Bank Raises Awareness for Data Privacy Day Jan. 28 In recognition of National Data Privacy Day on Monday, Jan. 28, First Bank is urging consumers to take an active role in protecting their data. As always, First Bank’s first priority is to protect our clients’ money and their financial data. We use a combination of safeguards to protect our clients’ information and we certainly encourage our clients to partner with us in that effort. To help ensure the safety of your personal information, we’d like to offer the following four tips: Create complex passwords. Avoid birthdays, pet names and simple passwords like 12345. Because friendly theft – theft by someone the victim knows – is the most common type of identity theft or fraud, don’t share your passwords with family members and be mindful of who has access to your personal information. Keep tabs on your accounts. Check account activity and online statements often, instead of waiting for the monthly statement. Y ...

Are Your Financial Resolutions on Track?

Set up a budget to help you get started! During the first few weeks of the year, many Americans are typically focused on establishing their goals and resolutions. Whether it’s weight loss, a new hobby, changing careers, or simply saving more money, writing it down can mean the difference between achieving your goals and not achieving your goals. In fact, experts agree that by establishing a plan and writing down your goals, you’re more likely to achieve them. If you’re like many of us, saving money and establishing a long-term savings plan may be at the top of your to-do list. According to a NerdWallet survey (2018), over 84% of Americans make financial resolutions for the New Year but, sadly, over 50% who made them in 2018 failed to achieve their monetary goals. We want to help you stick to them, so let’s get started. The first part of any financial plan must start by telling your money where to go. If you simply deposit it, forget it, and spend it, then you’ll likely ...

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All First Bank blog information and content is strictly informational. It is not intended to be specific investment, tax, or legal advice. If you need detailed financial, investment, or tax advice, please contact a First Bank qualified professional. Please note, First Bank occasionally shares third-party content we find to be relevant and helpful to our audiences.