Archive - February 2017

Managing your money is a great skill to learn at any age. We agree with financial guru, Dave Ramsey, who famously said, “Personal finance is only 20% head knowledge. It’s 80% behavior!” While creating a budget is a great first step, the next way to better manage your finances is to decrease surplus spending in order to save more for future plans such as retirement, vacation, or education. At Exchange Bank of Northeast Missouri we recommend examining the following expenses to see Read More

Choosing to construct your own home means you’re in charge of everything from the location of the site, to the color on the walls, and everything in between. To help ease the stress of this exciting milestone, Exchange Bank of Northeast Missouri offers these coveted Dos and Don’ts while you work through your home’s construction:   DO: Choose a budget with a cushion. DON’T: Let your contractor adjust the building plan without your approval.   It’s Read More

Whether it’s used to register for your classes, login to social media, or pay your monthly utility bills, it seems like everything these days requires a password. In order to help you protect your financial future, Exchange Bank of Northeast Missouri would like to share our best tips and tricks to making your passwords unhackable.   Change your password every month. One of the most effective things you can do to deter cybercriminals is to update your passwords on a regular basis. Read More

One of the most proactive ways you can protect your personal finances is to take advantage of tax beneficial accounts such as a 401(k) and/or an IRA. Though these accounts are typically tied to retirement savings, this is not always the case. At Exchange Bank of Northeast Missouri we want to help you make the most of your money by offering these two account options:   Work Sponsored Retirement Account (401k): Many companies now offer this account as a corporate benefit. By automatically Read More