May, 2015

4 Ways To Get Out Of Debt | The First National Bank Blog

May 26th, 2015
4 Ways To Get Out Of Debt | The First National Bank Blog image

Some degree of debt is normal–whether it’s money owed on a house, a couple of credit cards or a student loan. However, there are warning signs that your debt may be getting out of hand. These include making only the minimum payment on maxed-out credit cards or not paying your bills on time. If this sounds familiar, here are four steps you can take to tackle your debt head-on: 1. See what you can cut. Break out the pencil, paper and calculator (or the financial management software) and determine the best way to retain more money than you send out each month. Some expenses, such as mortgages, [ read more ]

Money Moves to Make Before Shipping Off to College | The First National Bank Blog

May 21st, 2015
Money Moves to Make Before Shipping Off to College | The First National Bank Blog image

Congratulations: You’ve nearly graduated high school and are one step closer to attending college. That’s an accomplishment worth celebrating if there ever was one. But beyond daydreaming about the newfound freedom you’ll have in a few months, consider making some of the following money moves. Doing so can help you keep track of your finances and avoid hiccups along the way. Open a checking account One of the first products you’ll want to sign up for is a checking account. That way, you’ll have a place to store any money you earn. Plus, even basic, free student checking accounts typically [ read more ]

Is a payday loan right for me? | The First National Bank Blog

May 12th, 2015
Is a payday loan right for me? | The First National Bank Blog image

Most people have months where they need help making ends meet. An unexpected car repair or medical bill results in pulling out a credit card or seeking a bank loan. Some consumers, however, turn to payday loan companies for help. Payday loan amounts vary depending on maximums set by the 27 states that allow this form of lending. Typically, the loans are between $100 and $1,000 with an average loan term of two weeks. There’s generally no credit check, making payday loans easy to get. The drawback is that these loans come at steep price—on average 400% in interest per [ read more ]