Submitted by hkoltermann on Wed, 02/13/2019 - 09:15
The Basics of a CD
Have you ever overheard your co-workers in the lunch room chatting about how CDs are looking like a solid investment again? No, they were not talking about the new Justin Timberlake CD - although that doesn't sound like a bad investment either - they're talking about Certificates of Deposit. Don't worry if you were out of sync though, you're not alone, and this blog is for you!
What is a Certificate of Deposit (CD) and how does it work?
Submitted by hkoltermann on Thu, 11/29/2018 - 11:25
Many people make their resolutions for self-improvement in the new year. While the most popular resolutions tend to focus on physical health, the start of a new year is also a perfect time to prioritize your financial wellness.
Submitted by hkoltermann on Thu, 10/18/2018 - 12:56
Starting a business involves planning, making key financial decisions and completing a series of legal activities. Read on to learn about each step.
Conduct Market Research
Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.
Submitted by hkoltermann on Thu, 09/20/2018 - 12:17
Each month you settle down to pay bills. You pay your mortgage. You pay the electric company. You pay the trash collector and others. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of "paying yourself first," in other words, making the first payment of each month into your savings account.
Submitted by hkoltermann on Mon, 09/17/2018 - 09:55
Whether your travels take you across the globe or across state lines, FBFC and the Independent Community Bankers of America® (ICBA) want to remind consumers to plan carefully to keep their money safe and summer vacations on track!
Most financial experts advise limiting the use of cash and paying with a debit or credit card for major purchases. That’s because credit and debit cards come with additional protections, such as zero-liability for fraud-related charges, which can offer greater peace of mind while traveling.
Submitted by hkoltermann on Tue, 08/28/2018 - 13:45
Cash Management, also called Treasury Management, may sound formal, but it’s really not. Cash Management is all about helping business clients manage cash flow through a series of products and services. It could be as simple as accessing accounts online, or more complex like payroll and HR needs. Whatever the need, Cash Management provides time-saving tools to manage the day-to-day financial activity of a business, allowing the business owner to do what they do best…run their business!
Submitted by hkoltermann on Thu, 08/02/2018 - 09:52
What is credit? Why does it matter? And how do you find out if yours is good or needs improvement? These are all really good questions to ask as your credit helps different companies determine whether or not they will lend to you. Poor credit may affect everything from credit cards, car loans and apartment rentals, to school loans, and buying your own home.
Your credit-worthiness is determined by your credit score; a 3 digit number calculated by five different categories of information in your credit report, including:
Submitted by hkoltermann on Thu, 05/31/2018 - 15:41
As a business owner, you may sometimes need help funding short-term working capital needs. This is a great opportunity to be introduced to, and to consider, a business line of credit. You’ll draw only the amount you need from your credit line and pay interest only on the amount you draw.
The type of business line you may be eligible for varies from business to business. And in most cases, the size of the line of credit is based on the amount of inventory and accounts receivable your business has. *Accounts receivable represents your sales made which have not yet been paid for.
Submitted by hkoltermann on Thu, 05/03/2018 - 10:48
With so many different bank accounts available, it’s hard to know which one is best for your particular needs. Here, we’re going to discuss money market accounts and whether they might be a good fit for you.