Archive - December 2017

Today, practicing the simple credit concept of “living within your means” can be extremely difficult due to medical and housing costs growing more rapidly than income in many American households. However, this doesn’t mean you can’t manage your credit and debt responsibly.  Here are a few tips to help you get your credit on track, even when times are tough.   1. Understand what credit is.  According to Finance Solutions Credit 101, credit is your “promise Read More

Odds are you’re probably reading this blog post on your cell phone, which you found through an app on your smartphone and then used it to get directions to Exchange Bank of Northeast Missouri. Seventy-seven percent of Americans now own a smartphone and use it on a daily basis. With so many people accessing, searching and downloading things on their cell phones, are we really using the same caution and protection we would use when it comes to our computers? Odds also are, you’re not. With Read More

When winter hits, that means that the holidays are approaching. During these special occasions, kids are exposed to a different setting where they get gifts, large meals, cards, and more. That’s why Exchange Bank of Northeast Missouri believes that this time of the year is a great opportunity to teach your children about money. Below are a few ideas on how to incorporate your children into the holiday financial mix! Identify the costs of the holiday season. Gifts are a big cost, Read More

We all could stand to save a little more money. Whether it’s for an upcoming purchase, a rainy day fund or an emergency fund, saving money is a skill that benefits you throughout your life. It’s not easy to save, but Exchange Bank of Northeast Missouri has some hacks that you can implement right away to start developing better habits.   Set a Budget In order to know how much you can save, you need to know exactly how much you’re spending. Sit down and develop a monthly Read More