Financial Planning

4 Tips for a More Merry, Stress-Free Holiday Shopping Season

The holiday season is right around the corner, a time for festivities, cheer, and reunions with family and friends. But as we deck the halls or spin the dreidel, many of us will have something else on our mind: money. In fact, more than three in four Americans overspend during the holiday season, with the average household adding nearly $1,000 in debt.

10 Steps To Start Your Business

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.

Write Your Business Plan

Investment Strategies – Pay Yourself First

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.

Financial Safety Tips For Travel

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.

A Crash Course in Cash Management

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!

What You Should Know About Credit

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:

Business Line of Credit

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.

What Is This Money Market Thing People Talk About?

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.

7 Tips on Building and Maintaining Good Credit

Good Credit is the key to a solid financial future. When establishing financial fitness goals it’s easier to build a credit score than to repair a bad one.

Having a good credit history is key to any financial plan. Credit scores take into consideration years of past behavior, so it’s important to establish a history of responsible credit practices and build your score by maintaining good habits.

Here are 7 tips to help build and maintain good credit.

#moneyminute v.2

Have a Financial Question? Ask us! We will compile the financial questions we receive, big and small, into a blog to be posted on Fridays. Feel your question is silly? No question is silly, but no worries, you’ll remain anonymous.
Email your questions to
marketing@fbfcwi.com with #moneyminute as the Subject or message us on Facebook!

There are so many credit cards out there. How do I choose the right one?