Money Management Tips for Business Leaders
A good money manager will be in the best position to thrive for an extended period of time. He or she will have financial resources readily available, so if problems arise, this professional can overcome such issues without delay.
How To Price Products at a Small Business
Every company thrives because of great customers, but even dedicated followers could quickly turn away if products aren’t priced correctly.
Being Prepared for a Business Loan
Nowadays it can be a little tough to get a commercial loan and while good business banking practices can help make a company look good when it becomes time to apply, there are other tactics and solutions owners can take to boost the odds in their favor.
Steps To Enhance Personal and Business Banking
A small business owner should pay attention to both his or her personal – as well as the company’s – finances. Smart business banking is a critical step to entrepreneurial success, and without taking advantage of the numerous financial services provided, meeting every goal might be more challenging.
Curbing Credit Card Debt
You’re certainly not alone if you carry more credit card debt from month to month than you’d like. Breaking the cycle is rarely easy, but the benefits of wiping burdensome debt off your personal balance sheet can be huge. Here’s how to get started. Take a Total List...
AJ Savopoulos promoted to Assistant IT Manager
AJ Tasker, Managing Director of Information Technology at First United Bank & Trust, is thrilled to announce that AJ Savopoulos has been appointed as the Assistant IT Manager. In this new role, AJ will manage daily IT applications, support initiatives to enhance customer value, and oversee the Bank’s infrastructure.
A Financial Foundation: That’s What I Want
Establishing a solid financial foundation means ensuring you’ll have enough money to live comfortably. So, it’s important to have a plan to protect your financial security, whether you have a lot of money or only a little. Your Investments: A Good Place To Start...
Coming Up With the Best Payroll Solution for Your Business
An organization has many different options when considering how to handle payroll accounts. If you run a sole proprietorship or have very few employees, you may consider doing it yourself, and it doesn’t hurt if you’re also quite good with numbers. As you hire more people or find your math skills lacking, you may pursue other options, such as in-house or third-party handling and all the software and expenses that come with them.
Not All Is Lost in Unemployment
If you have a financial plan in place to catch you, that’s great, but most Americans don’t even have a regular savings account or rainy day fund, let alone enough to get them from one job to the next.
Financial Tips To Get Your Start-Up on Solid Ground
As an entrepreneur, you likely want to create a successful, prosperous small business. However, you may be concerned about giving it a shot, either because you’ve done it before or because you aren’t confident of the many important steps along the way.
NFIB: Small Business Optimism Starts To Climb
Recent history hasn’t been too friendly to small businesses across the country. While the economy has been tough—and consumers have been hesitant to spend their hard-earned cash—conditions have started to improve. The sentiment of small business owners has started to creep up throughout the nation. This trend follows one of the harshest winters in recent memory, which constrained the economy even further. Thankfully, it appears that a better situation is on the horizon.
Financial Tips for the Newly Single
If your marriage has ended and you find yourself single again, it’s important to make sure that all your financial arrangements reflect your new status. Taking the time to reassess your financial situation can help you build a secure and independent future. Here are a...
Tips for Successful Franchising
There’s a misconception with startup business owners that buying into a franchise isn’t the same as having a truly independent company, and in some senses they’re right.
4 Ways To Improve Small Business Finances
For an entrepreneur, few elements are as important as financial security. Without sound business banking, accounting, and other monetary aspects, the entire venture could struggle to get off the ground. Therefore, placing importance here early on can be the best way to boost a company and ensure that it has the capital to grow and prosper. Above all else, these crucial steps cannot be underestimated. Too many people start a business without a firm grasp on the essentials, which can backfire quickly.
Using a Credit Card for Your Small Business
More small businesses are considering using credit cards as part of their daily operations. With rates on the rise and lending ceilings shrinking at banks, businesses should know a few things about business banking before jumping on for the plastic.
Personality and Spending Habits Need Open Communication
Many couples agree communication can be a big stumbling block in a relationship, and nowhere moreso than when it comes to money.
How Organization Can Help Streamline Cash Flow Management
It’s virtually impossible to facilitate an effective cash flow management effort without a comprehensive financial plan in place. Putting together such a plan requires insight into your small business revenues and expenditures, much of which can be gleaned from financial documentation.
How Small Business Owners and Employees Benefit From Healthcare Education
Many small businesses try to make their employees’ lives easier by providing free or low-cost health insurance. Unfortunately, it’s becoming increasingly common for business owners to lack clarity on healthcare regulations, especially now that the Affordable Care Act has overhauled how companies insure their employees.
Consumers Must Do More To Save for Retirement
Since the recession hit, the concept of saving for retirement has been at the forefront of many people’s financial worries.
6 Steps to Better Finances
Pick up a magazine and you’re bound to find a plan for improving something—eating healthier, losing weight, clearing clutter, you name it! But here’s a plan that can truly make a difference in your life—improving your personal finances. Taking control of your finances...
Business Banking Tips and Tricks for Start-Ups
While there are several steps to successfully running a small business, few are as important as business banking and financial management. Without the cash in order, a venture will struggle. As a result, the U.S. economy as a whole will suffer, and consumers won’t have access to these local companies that they have come to love so much.
Wise Moves for Young Families
Smart Financial Moves for Young Families Having children brings a new sense of responsibility. With a small person depending on you, it’s natural to want to make the best decisions for your growing family. Here are a few wise financial moves to help secure your...
4 Financial Tips To Get a Start-Up Off the Ground
Like any person, a start-up’s health can flounder. While there isn’t a specialized “venture doctor” to call, a small business owner and entrepreneur could take several steps to get the company back on track.
Benefits of Mobile Banking for Small Businesses
As a small business owner, it can be difficult to take care of everything at the office and still find time to go to the bank.
Saving Is the Best Financial Investment Advice
While making money work actively is beneficial to consumers, Suze Orman suggests that saving funds, although a business owner or private individual has to dig deep to make it work, can be the best approach for a future financial plan.
First United Bank & Trust’s Carissa L. Rodeheaver Elected ABA Treasurer
Carissa Rodeheaver, President and CEO of First United Bank and Trust, was elected as Treasurer for a two-year term.
7 Tips for Buying or Building a Home
Whether you’re a first-time buyer, planning a move, or looking for a vacation home, buying or building a home can be challenging. Let’s get started with a few tips to make this as easy as possible.
Executive Alliance named First United to the 20/20 Honor Roll
Executive Alliance recently named First United Corporation to the 20/20 Honor Roll: Gender Diversity in Maryland.
Are You Taking Advantage of Digital Banking?
With a personal computer or mobile device, you have instant access to your accounts, as well as a suite of banking services and financial tools at your fingertips.
The Importance of Savings
Saving money takes commitment and making some sacrifices. But it’s important because savings protect you against unexpected expenses and help you build a more secure financial future.
Tax and Investment Considerations for Wealth Management
Making sound investment decisions that yield high returns isn’t the whole story when managing your wealth. Let’s take a look at some basic investment strategies.
Budgeting and Planning for the New Year
For many people, a new year means making a new set of resolutions. If you’ve never set up a budget or if your family’s budgeting efforts have been backsliding during the pandemic, 2022 is the year to get your finances back on track.
Your End-of-Year Financial To-Do List: Key Areas to Review
It’s that time of year again to review your annual and overall financial health. It’s also an important time to review whether you need to make any financial changes in the year to come to improve your financial health and make sure it’s in line with your wishes and goals.
Digital Banking Tools Your Business Should Use
Digital banking tools are convenient, secure, and easy to use. You’ll have instant access to your accounts, and you’ll be able to perform a variety of functions online, saving you a trip to the bank. And as a business person, shouldn’t you strive to save yourself both time and money?
The Importance of Estate Planning
An estate plan isn’t just for the wealthy. It provides more detailed instructions than a will on how assets and end-of-life wishes should be handled. One way to honor your familial relationships is to establish an estate plan.
4 Benefits of Digital Banking for Consumers
Long gone are the days of setting aside time in your day to head to your local branch to deposit a check, pay a bill, or transfer money to another account. With digital banking, you can access and control all of your accounts online or from your mobile device 24/7. Let’s take a deeper look at the four benefits of digital banking for consumers.
4 Benefits of Using Your Home Equity for Home Improvements
As long as your home’s market value doesn’t drop, you can build your home equity by paying off your loans faster or else by renovating your home, which will boost your home’s value — and your home equity. You can even use your home equity to make home improvements — a win-win.
Carissa L. Rodeheaver Named One of the Most Influential Banking Services Leaders in Maryland
Congratulations to First United Bank & Trust’s President and CEO, Carissa L. Rodeheaver, on being recently featured in The Daily Record’s Power 30 Banking & Finance List as one of the most influential leaders in the Maryland banking industry.
The Advantages of Personal Internet Banking
Internet banking provides many conveniences. Whenever you have an internet connection, your bank is there waiting for you. If you haven’t started banking online yet — or aren’t taking full advantage of everything it has to offer — here’s a quick overview of the advantages and features of personal internet banking.
The 4 Basic Steps of Building Your Children’s Financial Literacy
Children begin to internalize money habits by an early age, so it’s important to introduce them to money as soon as possible and help them to internalize smart habits about saving, and spending money.
Top 5 Ways to Use the Equity in Your Home
Many homeowners never tap into their home equity, letting it build until they pay off their mortgage. But if you’re considering taking advantage of your home equity, let’s take a look at five of the most common uses!
These 4 Life Events Will Change Your Insurance Needs
Over the course of your life, your insurance needs will change depending on the life events you experience, such as getting married, buying a home, having children, or growing older. In this article, we take a look at four major life events and how they will alter your various insurance needs over time.
50/50 Women on Boards™ Recognizes First United Corporation
50/50 Women on Boards™ (50/50WOB), the leading global education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards, commends First United Corporation as a “3+” company, for having three or more women on its corporate board of directors.
5 Simple Wealth Preservation Tips for Senior Citizens
May is National Older Americans Month, an ideal time for older Americans to review their finances and consider wealth preservation strategies so that they have enough assets to enjoy their golden years to the fullest.
Current Market Refinance Trends in Real Estate
Today’s mortgage rates, thanks in large part to the COVID-19 pandemic, reached an all-time low average of 3.15% for 30-year fixed-rates and 2.62% for 15-year fixed-rates in May. Between generous government stimulus checks and a rush to save more money as the coronavirus continues to linger, today’s economic environment may present a prime opportunity for homeowners interested in refinancing to secure favorable terms.
Financial Literacy: Compound Interest
Understanding interest is crucial when investing your money. Given the option to earn simple or compound interest, you should always choose the latter. To understand compound interest, you first need to have a good understanding of simple interest. Here at First United Bank & Trust, we strive to make wealth management as easy as possible, so we’ve put together a helpful guide that clearly outlines how compound interest works.
To Buy or Not to Buy?
Investing is like life: nothing ventured, nothing gained.If you're planning to buy a home, you probably have good reasons for your decision. It may be that you share the feeling that owning your own home is a key part of the American dream. But there are also...
The Buyer’s Guide for First-Time Home Owners
In a perfect world, you would find a house you loved, make a reasonable offer, and head to the bank to sign your loan papers. For many buyers, though, buying a home turns into a nerve-racking process. This can easily happen to you if you don’t educate yourself on the steps involved in buying a home.
Best Ways to Get Out of Credit Card Debt Fast
Committing yourself to a strategy is the key to getting out of credit card debt fast. When you stick to your goal, your commitment translates into an overarching lifestyle where you no longer have to concern yourself with tackling your credit card payments every month.
Cut the Cost of Your Loan Debt
Loans give us the ability to pay for things we otherwise could never afford. Can you imagine if you couldn’t get a loan for a car or a house? If mortgages weren’t a thing, most Americans wouldn’t ever own a home. Loans and mortgages are definitely good, but only when you use them responsibly.