Making payments on a loan with suboptimal terms can make you feel trapped. Luckily, refinancing can help you find more suitable terms for the loan. Essentially, refinancing replaces an old loan with a new one with terms that are better for your situation. But it’s not all fanfare and applause—there are tradeoffs associated with refinancing. […]
Transitioning to retirement takes planning and preparation. But if you’re wise, you can set yourself up for success. Whether you have a pension or a retirement fund that you’ve been contributing to during you career, you might need your first retirement payment the month after you receive you last paycheck. This means you’ll need to […]
Before the big day, sit down with your partner and talk finances. Some of these to-dos have a time limit—sometimes as short as two weeks after your wedding! Don’t miss out on money-saving adjustments by waiting too long after the big day. Insurance Policies Insurance policies often have limits as to when you can make […]
Having a Health Savings Account, or HSA, comes with a wide array of financial benefits. In 2021, we could likely all use a few extra financial perks! From tax advantages to helping with out-of-pocket medical costs, HSAs are a worthwhile investment for many. The following outlines three unique advantages to opening a Health Savings Account […]
Whether you’re standing in front of a shelf at the grocery store, shopping online, or even walking around a car dealership, you may wonder: Do I go for the “nicer,” more expensive option or choose the cheaper one to save some money? At the end of the day, what you’re really debating is quality vs […]
While it’s likely that you access the internet nearly every single day, that doesn’t mean that you can let your guard down when it comes to your cyber security. It’s almost impossible to imagine life without electronic devices. How would you keep in touch with your friends, listen to music, watch movies, buy tickets, make […]
One of the most effective tools for preventing a large-scale financial disaster is an emergency fund, an amount of money that is set aside to cover unexpected expenses, or to keep you afloat if no regular income is coming in. Even if you have a great handle on your finances, unexpected challenges can come along […]
A practical, workable budget is one of the most crucial tools in your financial wellness arsenal. Starting Points Your budget is your blueprint for keeping cash flow positive, and for sticking to your saving goals. If you have a partner, it’s essential to have one overall household budget. That big picture is indispensable for having […]
A credit score is a number that potential lenders will use to determine whether they should lend you money, how much, and at what interest rate. Your credit score, also called a FICO score, is an actual number, between 300 and 850. The higher the number, the better: a score of 740 to 799 […]
Connect With Us
Routing number 091912521
First Resource Bank is a proud Equal Opportunity Employer.
©2021 First Resource Bank. All Rights Reserved
