Personal Finances

If you’ve ever taken Psychology 101, you’ve probably heard the argument for nature v. nurture. In this multi-century discussion, psychologists have debated whether a person’s genetics or environment make a greater impact on their personal behavior. At Exchange Bank of Northeast Missouri we’re excited to share our take on this timeless debate, and share how nature and nurture affect your spending habits. The financial traits which we see as more nature based are: None Are Read More

With fraud alerts, identity protection, and chip-enabled cards, you’d think it would be near impossible for a stranger to swipe your personal information. Unfortunately, it’s easier than you think! Other than preparing yourself with preventative measures there is no sure-fire way to make sure your identity remains safe and secure. If you ever experience the unfortunate circumstance of having your personal information stolen, be sure to stick to these five actions when working to regain Read More

Finding your perfect person can make you feel like you’re on top of the world. However, after the ceremony, reception, and honeymoon, you and your sweetheart may begin to feel the stress of money management. Combining two lives into one takes time, and the same is true with your finances. Together, you’re now responsible for the well-being of each other, one penny at a time.   First things first. Before you start making any decisions or budgeting plan, sit down with your Read More

Spring is the perfect time to start something new. Whether that’s creating a fresh and colorful garden, planning an exciting and exotic vacation, or officially starting the search for your new home, now is the perfect moment to begin anew.   If you and your family are ready to plant fresh roots, our dedicated team at Exchange Bank of Northeast Missouri is here to help. Before you start searching the market for available homes, we recommend first evaluating your house and determining Read More

Exchange Bank of Northeast Missouri challenges you to make 2017 the year of financial prosperity. Complete with an emergency fund, sound credit, and a monthly budget, you can conquer any fiscal goal as long as you keep moving towards it. To optimize your money management potential, we recommend these seven goals:   Check Your Credit Score. There are many websites available which allow you to view your current credit score across the three reporting bureaus. However, the only federally Read More

The holiday season is all about giving. Whether it’s through time, labor, or funds, philanthropy is the spirit of the season. This December, help your little ones understand the power of giving with these four lessons, courtesy of Exchange Bank of Northeast Missouri: Help Yourself by Helping Others Did you know that every time you participate in “gift-giving behaviors,” your body releases positive chemicals in the brain? Referred to as a “Helper’s High,” Read More

Did you know one in three Americans have no retirement savings? This shocking statistic is one of many that reveal how unprepared many Americans are when it comes to their retirement. If you have yet to hop on the savings train, there may be some opportunities to catch up. Today our team at Exchange Bank of Northeast Missouri is here to clarify some of the most common retirement assumptions:     TRUE: The sooner you start saving the better. FALSE: If you don’t start saving Read More