Debt Management

Our financial wellness is extremely important now and for years down the road. Spring into those financial goals you had set for the new year, as well as check in with your budget to continue to have financial success in year 2023!   Prepare Your List of Financial Goals   If you have created new year’s resolutions, you know it can be extremely hard to stick to them if you don’t implement steps to adequately meet them. If you haven’t already, it Read More

Just by glancing at a single number, lenders can determine how financially responsible you are and decide whether to lend you money or not. Your credit score determines other important things like interest rates as well, which is why it’s so important to make sure your score is good. If you don’t have the greatest credit score, here are some basic ways you can improve it.      Check Your Credit Score Frequently   Just like you should be monitoring your Read More

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

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

Debt can seem intimidating at first, especially when you’re looking at all the different balances across various accounts and credit cards. Paying off your debt will allow you to increase your income and have a little extra room in your budget for other things. By following a few simple strategies, you can pay off your debt faster than you think.   Follow the tips we’ve provide below to pay off your debt faster.   Review the Amount of Debt You Owe Find Read More

Our main goal is to provide you tips to help you achieve financial success. Finding ways to save more and cut costs can be difficult when many things feel essential. Exchange Bank of Northeast Missouri is here to offer our advice on certain things you can cut to save money!  Limit Subscriptions  If you have Hulu, Netflix, HBO and Amazon Prime – you probably don’t need all of them and aren’t utilizing them enough to make it worth the money. All the Read More

The elusive credit score... you know it’s important, but what actually is it and how does it affect you? We’re here to explain how you can build a good credit score from scratch!  Become an Authorized User  Before you open your own credit card, becoming an authorized user on a family member’s card is a great place to start! As an authorized user, your name is attached to their credit card and their payment history is added to your credit Read More

If you can’t seem to get a handle on your finances, it may be time to reevaluate your spending and learn to budget. Budgeting is essential for those looking to be financially successful. You need to know where your money is going and make sure that it makes sense. Here are our tips on how to take control of your finances with a budget.  Look at your overall monthly expenses.  You will want to review what you are spending money on each month. Add up your Read More

It’s the question that every household asks. What can I do to cut my monthly costs? And it’s a great question! No one wants to spend unnecessary money when there are mouths to feed and basketball uniforms to pay for. While you can tighten the budget by setting strict guidelines for yourself, your experts here at Exchange Bank of Northeast Missouri have a few more realistic ways to lower monthly bills.  Plan Meals Ahead of Time  At first glance, planning meals ahead Read More

If you’re thinking about revamping the way you handle your finances, the first step is to plan. If you lay the details out and write things down, you’ll be much more likely to follow through and be financially wise. We’ve gathered some of the basic and practical tips when it comes to financial planning! Start an Emergency Fund You don’t realize how fast your money can disappear until an emergency happens and you have no choice but to spend your hard-earned money. Planning Read More