Financial Advice for Big Families

When it comes to big families, there is extra love and enjoyment to go around. There also comes more money that needs to be spent. Managing finances with a larger family can be stressful and difficult depending on the expenses you have. We’re here to offer some helpful financial advice for big families, so you don’t have to feel tight on cash!  Own Less Vehicles  Reduce transportation costs as much as possible by limiting the number of
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We may all think we know a thing or two about finances, but do we really know it all? There’s always more you can learn to better yourself, and that includes money management skills. Today, we’ll give you five challenges to test your money management in order to whip your finances into shape!  1. No Spend Challenge  We know this sounds scary, but you can still buy groceries and pay your recurring bills. Try not spending money on any unnecessary items
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2020 brought a lot for us to handle, so we’re hoping 2021 will be the best year yet! Now is the time to start thinking about the changes you want to make for yourself and your habits this year. That’s why Exchange Bank of Northeast Missouri wants to offer our favorite savings resolutions to kickstart the new year.  Improve Your Credit Score  Improving your credit score will allow for a higher credit limit, better rates on loans and so much more! To do this, work on
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While it may seem obvious to adults, knowing how to make safe decisions online isn’t always second nature for kids. It’s important that cybersecurity is taught before mistakes are made, and the earlier in their life it’s discussed, the better. How does a parent go about teaching online safety? Continue reading to find out.  What to Look Out For  All of the important cybersecurity topics to cover can seem overwhelming, but starting with the basics is key. What topics
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Once you enter adulthood, your finances become your own and the major life purchases quickly approach. While not all of these purchases take place at the same time nor is everyone guaranteed to make them all, it’s common for the average person to make most if not all of these purchases at some point in time. Continue reading to be prepared for your financial journey in the future!  1. New Car  That car you got when you turned 16 won’t last forever, and soon enough you’ll
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The holidays often sneak up faster than expected along with the many Christmas gift purchases. This year, go easy on your wallet by making extra income to set aside just for gifts. Life is always busy, but with some hard work and dedication there’s always time to make a little extra cash. Continue reading for some money-making ideas!  De-clutter and Sell  Odds are, there are countless items in your house that either don’t get used enough or aren’t necessary.
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As the holidays quickly approach, managing your money wisely becomes even more difficult. As you spoil your loved ones with gifts, celebrate the season with fancy dinners and go all-out on new decor, the budget tends to go out the window when the holidays come around. There’s no harm in enjoying the holiday season, but this blog will help you make sure you don’t enter January with empty pockets. Set a Realistic Budget Odds are, if you set a tight and strict budget for the holidays,
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Did you know it’s possible to cut your grocery bill in half by making some simple changes? Many consumers are spending much more on food than is necessary and those grocery bills can add up faster than expected. Before you take your next trip to the store, read these five helpful tips. Always plan ahead and stick to the plan. The grocery store is a prime place for impulse purchases to rack up. Rather than figuring out what you need once you get there, plan your meals for the week and
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Figuring out how to properly manage your finances can be overwhelming when there are hundreds of dos and don’ts you may have heard. Following these five tips will make a huge difference in the way you handle your finances and can give you a clear slate of basic rules to follow. When it comes to starting good money habits, the sooner you begin, the better! Have and Follow Your Budget Setting a budget is one thing but sticking to it consistently isn’t simple. It’s
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While saving money isn’t the easiest task, the first step is often the hardest part. If you’re new to the finance scene and are hoping to learn about some basic, money-saving tips, you’re in the right place! Setting realistic and doable goals is the key and we’re here to help give the push you need to get going. Track Your Spending The first step to knowing how to save is figuring out what your spending habits look like. Spend a few weeks tracking everything you spend,
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