Archive - January 2022

Paying off student loans isn’t going to happen overnight – it takes time, and most importantly, discipline. There are some steps you can take to speed up the process and be debt-free sooner rather than later. If you’re in need of some advice on how to pay off student loans quickly, you’re in the right place. Pay MORE than the minimum.  If you’ve only been paying the minimum, odds are you haven’t seen a whole lot of progress. Plus, the interest Read More

Why should I worry about saving for retirement right now? Are IRAs really that important? If you are questioning the importance of saving for retirement and what can drastically affect your future, you’ll want to continue reading. We wanted to provide a beginner’s guide to IRAs so you can understand your options and the differences between IRAs.  What is an IRA?  An individual retirement account (IRA) is basically a savings account with tax advantages for Read More

                            Exchange Bank of Northeast Missouri announced Paula J. Fox is retiring as President and CEO.  She will be succeeded by Jed M. Wilson, who most recently served as Executive Vice President of Exchange Bank of Northeast Missouri. Wilson officially took on his new duties January 12, 2022.  However, to ensure a seamless transition, Fox will remain working until March 31, 2022, at which time Read More

There’s no better time than the beginning of a new year to re-evaluate your financial habits and make changes. It may be challenging to know where to start, which is where we come in. Here are six different financial goals you can incorporate into the year to come.  Work on improving your credit score.  Take a look at your credit score and figure out how you can improve it.  Are you making your payments on time and using a good amount of your available Read More