Archive - April 2019

A dream is just a dream until a plan is created and executed. It’s time to take a step back, think about what you want for your life, and begin building that future today. How to Set You are probably familiar with the concept of goal setting in your everyday life. Often, they take on the form of dreams, like someday having a vacation home in Hawaii or being able to complete a half marathon. It’s fantastic that you have these dreams and dare to imagine bold things for your life. However, Read More

If you’ve crafted a budget for your household, you are already off to a great start to taking control of your finances in the most useful way possible! There are two things that can hinder a budget and your overall financial goals. They are first, not sticking to the budget and second, missing essential budget limits. Be sure to include these items in your budget now! 1. Medical Bills Your health is never guaranteed. Because of this, it can be challenging to plan for the unexpected. However, Read More

It’s finally house hunting season and you could not be more excited to get the ball rolling on your big purchase! Before you hit the road or the search bar, take these 7 tips into consideration. 1. Know Your Limits Before signing the papers or falling in love with the first home you see be realistic about what is in your budget. We recommend spending no more than 25 percent of your monthly income on the mortgage. When you know what this number is, be sure to stick with homes in that price Read More

While budgeting for a fluctuating income can be difficult, Exchange Bank of Northeast Missouri is here to help offer a few strategies to lessen the madness. Finding a process to help soften the blow of the months where revenue drops is a perfect solution. Check out the following rules you should follow when living on an inconsistent income. Know Your Baseline Always having an idea of your lowest point for income will help you prepare for the months where fewer dollars come through the door. Read More