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Read These Articles on Personal Financing Knowing your finances is the first step to properly managing them and to ensuring you are in good financial standing. But how do you get started? Reading personal financing articles can be a huge help when it comes to understanding financial management. That is why First Bank offers a Financial Education Center full of articles with advice on everything from buying your first home to making your first investment. Personal Financing Articles Check out the following articles on managing your personal finances: Articles on Buying a Home Simplifying the Homebuying Process: This infographic offers tips and tricks on how to make the homebuying process as easy as possible. Should I Buy an Older Home?: This article weighs the pros and cons of buying an older home. How to Shop Bank-Owned Homes: This article provides insight into buying a bank-owned home and how to get the process started. The Right Age to Buy a House: Is it in your 20s, your 30s, or is age only a number? Saving Money 10 Easy Ways to Save On Home Energy Costs: Learn 10 quick and easy ways to cut down your energy bill and save money each month. Planning the Right Mix for Retirement: This article offers help with choosing the retirement savings plans that work best for you. 10 “Life Hacks” That Will Save You Money: The little things can add up! Use these life hacks to cut costs and get the most out of your purchases. How to Get Help Paying for College: Check out this list of student aid programs that can help you pay for college. Investing 5 Tips for Safely Managing Your Finances Online: Keep your finances safe and secure with these tips on online security. 5 Things You Need to Know Before You Become a Landlord: Take these considerations in mind before diving headfirst into property management. When browsing personal financing articles, remember that your financial situation is unique. You should always discuss your financial and investment opportunities with an experienced banking professional before making significant financial decisions. First Bank* is a local community bank with banking professionals who can help you make sound decisions. Contact your local branch for personal financing advice today. 2 min read

How Much Should I Have in Savings at Age 35? How much money should you have in your savings account at the age of 35? It largely depends on when you started saving, your income and lifestyle, and whether you carry consumer debt. Savings for Adults in Their Mid-Thirties You might have heard friends, parents or financial advisors at local banks advise you to follow the 50/30/20 rule. If you follow this rule, you’ll break up your income in the following manner: No more than 50% of your income should go to required expenses, such as shelter or food. No more than 30% can go towards the wants in life, such as your gym membership or cable. The final 20% of your income should to towards savings, retirement and paying off debt. Some experts explain it another way and recommend that your savings should equal your salary by age 35. Still another way to approach savings is by using this guide from CNN Money. According to this, 35 year-olds should have saved the following, depending on their income: Income Estimated Amount in Savings $40,000 $60,000 $65,000 $97,500 $90,000 $135,000 $115,000 $172,500 However, this isn’t necessarily the case for many Americans, especially those with consumer debt or who didn’t get a job until later in their 20s. The savings goal at any age is simply to save so that you have an emergency fund, can pay off debt, and are able to invest. Now is the Time to Start Saving for Retirement Once you begin saving, it’s important to begin investing your wealth to let your money grow. This can be done through stocks and bonds, job promotions and salary increases, or even buying the apartment you’ve been renting. Your investment options should begin small and increase the more you save. Additionally, you should be making regular contributions to your IRA or 401k, whichever your company provides and matches. There’s no single answer to how much savings you should have by age 35. Ultimately, it comes down to your own unique budget and contributions. To learn more about savings at any age, contact your local First Bank* today. Our financial advisors can speak with you about your savings and help you plan for retirement. ——— Sources: CNN Money: http://money.cnn.com/gallery/retirement/2015/09/01/how-much-do-i-need-for-retirement/2.html CNBC: http://www.cnbc.com/2014/02/10/qa-were-in-our-30s-how-much-should-we-be-saving.html Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. 3 min read

10 “Life Hacks” That Will Save You Money View our list of 10 small things you can do to help yourself cut costs and get the most out of your purchases. 3 min read

How to Save for Periods Without a Paycheck Did you know that two out of five wage and salary earners over the age of 15 know their schedule less than one month in advance? If that sounds like you, or if you're a teacher on a 10-month pay cycle, try this calculator to help you figure out the best approach to savings during those periods without pay. 1 min read

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