Personal Finance
Saving strategies, spending blueprints and starting a family
Learn how to handle everything from newborns to monthly budgets
Life throws a lot at us, but it's easier to deal with the ups and downs with our personal finances in order. First American Bank believes it's important to be prepared for medical emergencies, a new family member or just the monthly bills. The best strategy is a smart savings approach that grows your money and puts more of it at your disposal exactly when you need it most.
Personal Finance Articles
Saving Money with a Health Savings Account or Flexible Spending Account
What is an HSA or FSA and how will they save me money?
One way to save money for rising healthcare costs is through an HSA or FSA. While these accounts provide valuable tax advantages, most people don't understand their benefits or how they work. To figure out if an HSA or FSA is a healthy choice for your personal savings, here's what you need to know.
How to Create a Simple Budget
You work hard for your money, so you should be able to have a little fun with it too.
The key to having enough for both your needs and wants is to spend your money wisely. A good way to achieve that goal is with a specific plan. That’s what a household budget is, a written blueprint for spending. It helps you document how much you take in, how much you pay out, and provides clues as to how you might stretch your dollars.
How to Financially Prepare for a Baby
Expecting a baby? Congrats!
How can you start a family and not go broke? The secret is preparing financially for a baby. You’ll no doubt get child-rearing advice from everyone you know. Please allow us add our two cents' worth—because a little financial advice might save you a lot of money.
How to Save More Money with CDs
What's a CD and how do I use it?
If you want to create an emergency fund or set aside some extra cash to earn more interest than a typical checking or savings account, consider a certificate of deposit (CD). Learn the basics of CDs and how they can benefit your savings goals.