Your Guide to Navigating and Budgeting for “Tipflation” Many of us have likely encountered the tipping prompt when grabbing coffee or food from a fast-service counter, offering several gratuity options (e.g. 10%, 20% and 30%). However, these point of service conveniences have also resulted in growing frustrations among consumers known as “tip fatigue” – the increasing pressure and confusion around tipping. Among 30… Read More
6 maneras en que tu hijo adolescente puede prepararse para ser financieramente responsable Según un estudio de Greenlight®^ realizado en el 2021, el 74 % de los adolescentes no se sienten seguros sobre su educación financiera. Además, solo 13 estados requieren que los estudiantes de preparatoria tomen una clase de finanzas personales para graduarse. Por lo tanto, las posibilidades de que tu hijo adolescente aprenda lecciones básicas sobre el dinero, sin… Read More
Five Budget Friendly Travel Secrets We Learned from Gen-Z Gen Zers — the generation born between 1997 and 2012 — are reshaping the travel industry by finding creative ways to travel on a budget. In fact, 61% of Gen Zers who took three or more vacations in the past year come from households earning less than $50,000 annually. So how can you travel cheaply?… Read More
4 Ways to Take Advantage of Rising Interest Rates Though rising interest rates come with ambiguous strains on the economy, there are ways to use those price hikes to your advantage. Whether it’s opening a high-interest savings account or transferring credit card balances, we’ve gathered three tips to help you navigate increasing interest rates. Maximize Your Savings Account While inflation has made it hard… Read More
5 Recyclable Alternatives to Grocery Store Plastic Bags Although the Plastic Pollution Reduction Act was passed in Colorado in 2021, the new year caught some shoppers by surprise. Effective January 1, 2023, the new law now requires all stores in Colorado to charge customers 10 cents for every plastic or paper bag provided. The complete ban of single-use plastic bags statewide will take… Read More
You Paid Off Your Home: What’s Next? Paying off a home is a monumental financial and life achievement — but it’s not the end of the road for homeowners. While you may not have to worry about mortgage payments or losing your home for financial reasons, there are still factors to think about to ensure your home is working as hard for… Read More
6 Ways to Fight Inflation and Rising Costs with A Look Back At the 1960s As FirstBank celebrates 60 years of “banking for good,” we’re looking back at our inception date, 1963. In the same year, Martin Luther King Jr. gave his famous “I Have a Dream” speech, and President John F. Kennedy was assassinated. While the culture has changed drastically, rising costs and inflation have made 1963 feel worlds… Read More
Love Don’t Cost a Thing: Plan a Romantic Valentine’s Day Without Breaking the Bank Americans spend an estimated 117.4 billion dollars per year on dating, but that number is coming down as high inflation takes its toll on love. With the cost of food, cocktails, gas, and personal care services skyrocketing, around 40% of people on dating apps are changing their dating habits or pressing pause on their search… Read More
How to Host Thanksgiving on a Budget While many of us are looking forward to celebrating Thanksgiving with family and friends, this year’s holiday feast could be more expensive than ever. Experts predict that your Thanksgiving meal will cost 13.5% more than last year, with a staggering 73% increase in the price per pound of turkey. The price of butter is also up 32% compared to 2021. Despite… Read More
The Top Financial Takeaways from the COVID Pandemic The COVID-19 pandemic offers us some valuable insights in making our finances more resilient. A few trends have emerged in saving, spending, and investment habits during this time, and today, we’re passing on some of the best lessons we’ve learned.… Read More